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".
peopleContenders for Time magazine's Person of the Year are a mixture of the good, the bad and the holy
newsAs the world remembers Mandela the hero, the prison where he spent 27 years seems all the more brutal
tvSteven Moffat reveals the actor was dying to take on the role of the Time Lord and says he is excited to see what he will do with the character
sportBayern Munich 2 Manchester City 3: City come from two down to beat reigning European Champions
arts + ents... and a chance to paint Booker Prize winning author Hilary Mantel
danceUnder Tamara Rojo's inspired direction, it seems possible that it could challenge the dominance of the Royal Ballet. We meet some established names and rising stars
travelDiscover Uruguay's jet-set beach resort, an Atlantic enclave with plenty of art and culture to explore on the side
The ten coldest places on Earth
Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Nelson Mandela memorial: Cheers, jeers and a masterclass from Barack Obama that stole the show
- 1 Mountain goats' miraculous escape from avalanche captured in dramatic video footage
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
- 4 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
- < Previous
- Next >
iJobs Money & Business
attractive: Citifocus: Highly prestigious Investment Management house based in...
£70000 - £90000 per annum + benefits + bonus: Pro-Recruitment Group: Our leadi...
£50000 - £65000 per annum + BONUS + BENEFITS: Harrington Starr: A leading mark...
£60000 - £85000 per annum + BONUS + BENEFITS: Harrington Starr: A leading asse...