• Most Popular
  • Most Shared

PRESS DIGEST - Financial Times - July 17

Wed Jul 16, 2008 10:13pm EDT

Financial Times

Stocks  |  Global Markets

SCRAP FUEL DUTY DEVICE, SAYS BUSINESS

On Wednesday, business called for the fuel duty escalator to be scrapped after the government postponed for a further six months the two pence a litre increase that had been due to take effect in October. Gordon Brown was forced to reject suggestions from the Conservatives that the announcement's timing was linked with next week's Glasgow East by-election. Vince Cable, the Lib Dem treasury spokesman, said: "With the government already 45 billion pounds in the red this year and most likely losing revenue from stamp duty, corporation tax and income tax, how will this be paid for?"

UNEMPLOYMENT RISE AT 16-YEAR HIGH
Stocks
Global Markets


More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The Obama administration said on Sunday it was investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet and sought to head off Republican attacks over its anti-terrorism measures. | Video

» More Top News
A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

U.S.
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets