Credit crisis diary: The rich are already threatening to leave
Friday 24 April 2009
The good folk of the City are not happy with the Chancellor's plans for a 50p rate of income tax on high earners. One email doing the dealing-floor rounds is a parable about a group of drinkers who lose out when their richest member stops buying the drinks. The moral of the story is apparently this: "The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up any more. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier and the weather is nicer."
Fighting it out in the City
As accountants and lawyers, respectively, KPMG and Freshfields aren't really rivals. But no one seems to have told the KPMG bean-counter who had admitted assaulting a Freshfields legal eagle after a drunken row. The gentleman in question had just been made redundant by KPMG and may now be struck off the chartered accountants' register.
Property professionals trade insults
There are also fisticuffs in the world of online estate agency, though thankfully the protagonists have not yet come to physical blows. Rightmove, the market leader, has warned estate agents that they may find themselves cut out of the home-buying process if they use rival PropertyIndex, which has just done a deal with eBay. Cue a furious response from PropertyIndex. Boss Lee Bramzell says: "It's a reminder of the film The Village. Rightmove have started trying to scare estate agents in the village about the apparent dangers of life outside."
Primark snares the biggest catch
More on Primark, the retailer supported by all the best celebrities. Its aficionados include, as we reported this week, members of the Royal Family and the Prime Minister's wife. Now it turns out that Primark has signed up the biggest star of them all: Susan Boyle of Britain's Got Talent, whose singing has been admired 100 million times on YouTube so far.
Stamping all over the men with the money
The US footwear giant Timberland had better not ask its bankers for an overdraft any time soon. Its latest ad campaign, which will run on billboards across London, has a little fun at the banking community's expense. "We build things to last. Maybe we should start a bank", says one ad. Plus: "One American institution that won't fall apart".
- 1 Video shows how to turn your phone into a 3D hologram
- 2 Artist Jamie McCartney: How The Great Wall of Vagina is a stand against 'body fascism'
- 3 Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
- 4 'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
- 5 Dutch King Willem-Alexander declares the end of the welfare state
Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
Tensions flare as Confederate flag supporter reaches for gun when confronted by protests – in pictures
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
The Vatican on space: The discovery of intelligent life wouldn't mean there's an alien Jesus somewhere in the universe
Tom Cruise: Reporters banned from asking actor about Scientology
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor Chris Leslie
iJobs Money & Business
£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...