European Shares Resume Slide As Inflation Worries Mount
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks fell sharply on Thursday after data showed consumer inflation rose at its fastest rate since 2008 last month, raising worries about whether the Federal Reserve will have to tighten policy sooner than it would like.
U.S.-China tensions also remained in focus, with the U.S. accusing the Chinese government of turning Xinjiang into an open-air prison by expanding surveillance in the north-western region.
The pan European Stoxx 600 dropped 1.3 percent to 432.16 after rising 0.3 percent on Wednesday. The German DAX tumbled 1.5 percent, France s CAC 40 index lost 1.4 percent and the U.K. s FTSE 100 was down 2.1 percent.
By Joey Gardiner2021-05-13T05:00:00+01:00
Ex-PM attacks government proposals as Queen’s Speech puts planning Bill at centre of legislative timetable
Senior figures in the housebuilding industry have called for urgent clarity over the government’s proposed planning reforms in the wake of Tuesday’s Queen’s Speech, with a broadside against the proposals from Theresa May giving a taste of the likely opposition the changes will face in parliament.
While many developers have indicated support in principle for the reforms, which will see councils forced to allocate “growth” zones with automatic outline permissions, planning and environmental groups have raised serious concerns.
The planning bill set out by the government in today's Queen’s Speech is on paper the biggest overhaul since the end of the Second World War as it bids to boost housebuilding loosen controls in England. Housing secretary Robert Jenrick wants the country to build 300,000 new homes a year – up from the 192,725 homes it
The
consultation by the Construction Industry Training Board (CITB) on its proposed levy for the period from 2022 to 2025 has now closed. The CITB is finalising its levy proposals before opening a period of consensus from 4 June 2021 to 15 August 2021 during which construction businesses will be able to comment. The
CITB levy applies to all employers engaged wholly or mainly in construction industry activities and is used by the CITB to ensure that construction employers have the skilled workforce they need. Levy rates have been temporarily reduced to reflect financial hardship caused by the COVID-19 pandemic.
Off-payroll working
HMRC s
changes to the off-payroll working rules (IR35) came into force on 6 April 2021 following an announcement in February 2021 that the rules would apply only to payments made for services provided on or after 6 April 2021. The changes confirm: where a worker has no interest in a company, the company will not be a relevant intermediary (which wa
By Jordan Marshall2021-05-10T11:45:00+01:00
Payout for chief executive Sean Tompkins comes after group axed staff last year and furloughed 30% of its employees
The chief executive of the Royal Institution of Chartered Surveyors has picked up a huge bonus despite the organisation claiming government furlough cash and making redundancies last year.
The group’s recently published remuneration report for the year to July 2020 revealed Sean Tompkins was awarded a bonus of £73,911 in January this year as part of the group’s 2019/20 incentive plan.
Provided he meets performance conditions, Sean Tompkins will have picked up more than £260,000 in two years under the group’s incentive plan