'Finance'

Our defeat in Europe over bankers’ bonuses is a disaster for the City

Our defeat in Europe over bankers’ bonuses is a disaster for the City

We now know that a cap on bankers’ bonuses will be imposed by our European friends, against the UK’s wishes. Whilst our government has seen some very welcome recent successes in Europe, I fear that this [...]

Those were the (rotten) days….

Those were the (rotten) days….

From a recent letter to the FT: “Sir, Robert Skidelsky and Marcus Miller (Letters, February 27) consider that the Nobel Prize winner Friedrich Hayek offered a “counsel of despair” in the Great Depression. Next, we have [...]

Heavy new taxes about to hit foreign-owned properties

Heavy new taxes about to hit foreign-owned properties

The 2013 Finance Bill will shortly introduce major changes to the treatment of non-UK domiciled individuals who own, or wish to purchase, valuable UK property through offshore structures. These structures, termed ‘non-natural persons’, include most foreign [...]

The Freddy Factor

The Freddy Factor

There are very few areas of business where the contribution of one man is universally regarded as having been critical to an industry’s growth and success. In the case of factoring, that man is Freddy Salinger. [...]

Mayday!

Mayday!

‘There’s enough bang in there to send us all to Jesus.’ -    Anonymous  commentator   on  the  nature  of JP  Morgan’s Chief  Investment Office credit exposure. The most important attribute of any investment is the price you [...]

The Salty Dog: Douglas Chadwick in his own words

The Salty Dog: Douglas Chadwick in his own words

(Douglas is the subject of The Unlikely Revolutionary story in our Finance section.) The personal finance industry has grown up over time as some God-rewarded enterprise that believes its own press. In the artificial world they [...]

The Unlikely Revolutionary

The Unlikely Revolutionary

Douglas Chadwick thought the City was managing his retirement fund poorly, so he invented a system that did it better. And turned it into a disruptive business.  Douglas Chadwick is 68 years old and happily defies [...]

Garbage In…

Garbage In…

An engineer, a biologist and an economist are washed ashore on a desert island. After a few days without food they stumble on a can of beans on the beach, but have no means of opening it. The engineer is the [...]

Markets continue to wobble after the break

Markets continue to wobble after the break

A four day Easter weekend may have been relaxing but it didn’t do much to calm investors’ nerves and shares have given back some more of the first quarter’s gains. With the first quarter results season [...]