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.
Actress sees off speculation about her appearance in an amazing way
Review: Despite an uphill climb to see Jake Bugg in action, his performance is notably flat
- 2 Salisbury ranked seventh-best city in the world to visit in Lonely Planet’s Best in Travel 2015
- 3 Disney announces new female-led film Moana
- 4 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 5 Russell Brand threatened with arrest after filming outside Fox News headquarters
Australian jihadist Abdullah Elmir vows Isis will fight 'until black flag is on the top of Buckingham Palace'
Renee Zellweger on plastic surgery reports: 'I'm living a fulfilling life and I'm thrilled that perhaps it shows'
Chicago voter tells Obama 'don't touch my girlfriend' – Obama stays super smooth
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
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