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 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Ellen DeGeneres leads Johnny Depp, Gwyneth Paltrow and Paul Bettany in revealing game of Never Have I Ever
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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