Business news in brief
Monday 02 June 1997
Charterhouse Development Capital has raised pounds 800m towards a European Private Equity fund. As with Schroder Ventures, which last week announced a $1bn European fund, much of the investment is from the US. Charterhouse was the first development capital firm in the UK, set up in 1934, and this is its sixth institutional private equity fund. It will invest in management buyouts and corporate restructurings in the UK and Western Europe.
The cost of reducing inflation in terms of jobs and lost output would rise if the Bank of England followed international trends set by other independent central banks, according to a report published today by the Social Market Foundation, a think-tank. According to Robert Chote, the report's author, independent banks usually have to induce deeper recessions to meet their inflation targets than do those under direct political control.
The Chancellor has been urged to extend tax exemption for workplace nurseries to all forms of registered childcare provision funded by an employer. The Campaign for Tax Relief and Childcare said tax exemption, introduced in 1990, had failed in its objective of improving the availability of childcare for working parents.
Friends of the Earth will today urge the Government to promote renewable sources of energy when the domestic energy market is opened up to competition next year. The environmental pressure group will say electricity from renewable sources should be exempt from tax.
- 1 I was a Woman Against Feminism too
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 Chief Ebola doctor in Sierra Leone has contracted the deadly disease himself
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Israel has discovered that it's no longer so easy to get away with murder in the age of social media
Lana Del Rey: 'I have slept with a lot of guys in the industry'
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned
Chief Ebola doctor in Sierra Leone has contracted the deadly disease himself
Students offered grants if they tweet pro-Israeli propaganda
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
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