Business Briefing 2016-11-24

In the news today…

  • News is dominated by the Autumn Statement: Revised economic forecasts to show cuts and raised borrowing. Bank bail outs costing more as bank shares have fallen. Increased infrastructure spending. Corporation tax cut to 17%, and personal tax thresholds have risen. As expected, letting agencies were targeted for their vast charges for services such as administration and referencing. Tax avoidance clampdown aims to raise extra £2bn by 2022, with measures to include targeting incorporated operations and changing small business schemes
  • With Thanksgiving here, Americans have hit the shops to kick off crucial holiday trading season
  • Brussels unveils overhaul of EU banking rules which sets Berlin and Paris on collision course over the rules
  • Technology: Porn checks ‘are censorship’; Successful Skyscanner sold to China travel firm Ctrip in $1.75bn deal
  • Nato chief tells EU: spend more to secure Trump’s support

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