First Class Stamp To Cost 60p
THE ROYAL MAIL announced a price rise in postage stamps last month which will see a First Class stamp, currently 46p, rise to 60p. The cost increase will come into being April 30. A second-class stamp will go up from 36p to 50p – some 5p below the top price allowed by Ofcom. The regulator [...]
Budget Hits Pensioners And ‘Cornish Pasty’
IN HIS ANNUAL budget statement last month, George Osborne said he was cutting the top rate from 50 percent to 45 percent by April next year on incomes over £150,000 a year. He argued that the original higher rate did not yield as much as expected, partly because the rich were able to avoid the [...]
Tesco’s UK Head Quits As Retailer Struggles
TESCO, Britain’s biggest retailer, said Thursday that the head of its domestic business, Richard Brasher, is resigning in the wake of a profit warning following one of the company’s most disappointing trading periods in years. Tesco said Brasher will be leaving in July and that the company’s chief executive Philip Clarke will take direct command [...]
British Banks Downgraded By Moody’s
MOODY’S Investors Service has downgraded the credit ratings of 12 British banks over concerns that the government will not provide adequate support to the institutions if they become financially troubled. The credit rating firm said Friday that the downgrades were caused by a “reassessment of the support environment in the UK” It said recent government [...]
Most Valuable Sports Team On The Planet . . . Manchester United
FORBES MAGAZINE’s annual top 50 list named English Premier League champions Manchester United as the world’s most valuable sports team, valued at $1.86bn. United are presently touring the United States. (See schedule)
British Pound Exchange Rate
