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Super-rich paying no income tax

Home  Jun, 2007

Super-rich paying no income tax - Only fraction of Britain's super-rich are paying income tax, with 400 UK-based individuals making more £10m per year but just 65 paying dues Bank chief warns easy credit boom - Growing reckless bank lending private equity hedge funds risks triggering financial meltdown, Mervyn King has warned



Super-rich paying no income tax  [06/21/2007 01:17 PM]
Only a fraction of Britain's super-rich are paying income tax, with 400 UK-based individuals making more than £10m per year but just 65 paying their dues
Bank chief warns on easy credit boom  [06/21/2007 01:17 PM]
Growing reckless bank lending to private equity and hedge funds risks triggering a financial meltdown, Mervyn King has warned
Market report: Thursday morning  [06/21/2007 01:17 PM]
11:00:British hedge fund Man Group today said its US arm MF Global will be worth $5bn when it is demerged on to the New York Stock Exchange next month
Wealth divide 'may cause riots'  [06/21/2007 01:17 PM]
As private equity bosses are savaged by MPs, a Gordon Brown adviser warns that rioting could break out on Britain's streets
Jessops closes a third of shops  [06/21/2007 01:17 PM]
Struggling camera chain Jessops is to axe almost 81 stores across the country at a loss of 550 jobs in a bid to return the company back to profit
Banks in 'card fraud cover-up'  [06/21/2007 01:17 PM]
Many plastic card crimes are not being reported to the police following a change in the rules affecting victims of fraud, it is claimed
Bank struggles to hand out £5 notes  [06/21/2007 01:17 PM]
The Bank of England is struggling to find ways to distribute £5 notes with ATM providers reluctant to hold them
B&B says buy-to-let still surging  [06/21/2007 01:17 PM]
A booming buy-to-let housing market has set specialist mortgage bank Bradford & Bingley on course for profits at the top end of City expectations
DVLA makes £9m from drivers' phoneline  [06/21/2007 01:17 PM]
Motorists have spent £9m ringing the DVLA on a premium-rate telephone number, new figures reveal
GM rules to 'hike organic food prices'  [06/21/2007 01:17 PM]
The price of organic food could increase because of new rules about GM content, campaigners warned today
Budgens stores to be sold to local retailers  [06/21/2007 01:17 PM]
Supermarket chain Budgens is to sell all its stores to individual retailers, it announced today
Boost for lending aimed at low earners  [06/21/2007 01:17 PM]
Co-operatives offering financial services to low earners were given a boost today with the announcement of a Treasury consultation aimed at encouraging the sector
Sainsbury's recovery continues  [06/21/2007 01:17 PM]
J Sainsbury recorded its 10th consecutive quarter of growth today and moved to embrace the Qatari investors
Rate rise on the cards  [06/21/2007 01:17 PM]
Homeowners and borrowers are facing the prospect of further repayment hikes after it emerged that the Bank of England's interest rate setters decided to hold rates by just one vote
1.4m loan repayments missed  [06/21/2007 01:17 PM]
The Bank of England's series of rate rises have started to bite borrowers, with over 7,700 loan repayments being missed each day
Google eyes the individual  [06/21/2007 01:17 PM]
Google has seen the future - and it's personal. Eric Schmidt, boss of the £80bn internet giant, proclaims 'personal search is the next phenomenon'
Online calculator helps families go green  [06/21/2007 01:17 PM]
Families can work out how their lifestyle affects the environment by using a new online eco-calculator launched by the Government today
Rich-poor gap grows in UK and US  [06/21/2007 01:17 PM]
The ultra-wealthy elite are enjoying explosive earnings while ordinary citizens languish, according to the OECD
Two-thirds of women 'face poverty in old age'  [06/21/2007 01:17 PM]
Fewer than one in three women are saving enough money in pensions or other investments to stave off an impoverished old age
30 second guide toTreasury committee  [06/21/2007 01:17 PM]
The Daily Mails City team examine the commons committee which grills banks and big business
The private equity debate/Make rates 6%  [06/21/2007 01:17 PM]
Gordon Brown must come clean about how he will tackle private equity; the Bank of England should hike rates to 6%
Annuities cause retirement pickle  [06/21/2007 01:17 PM]
Those coming up to retirement face an uncomfortable dilemma: should they take a larger income now and fix it for life, or take a much lower initial income that will rise with inflation