Results tagged “Budget”

By Jim Fitzpatrick

Whenever the Chancellor's Budget is delivered the first thing people will look at is what's in it for them.

Never mind the figures or the shaky prediction of what it will be like in five years' time, people want to know what is going to be done now to help them get on in life.

Wharf-based Barclays has come criticism after choosing budget day to reveal its bosses would be sharing £40.3million of bonuses.

Head of the investment banking division Rich Rikki received £17.5m in shares, while chief executive Antony Jenkins pocketed a deal worth £5.3m.

The business group representing east London has condemned George Osborne's budget for failing to offer a "bold strategy" to boost exports.

Docklands Business Club said while there were many positive points in the Wednesday's announcement, the lack of support for firms looking to win over foreign markets was disappointing.

By Peter Golds

The sums involved in the budget of a local authority such as Tower Hamlets are now so vast that one gets perspective by paraphrasing Joseph Stalin, "one pound is of interest, one million is a statistic". When I recently received the information that in just six months the mayor and some of his supporters had managed to spend over £7,000 in taxi fares, I was shocked but not surprised.

Moves to agree a budget for Tower Hamlets ground to a halt last night amid scenes of confusion and acrimony.

With the parties in deadlock, another meeting will be held next week to thrash out details. Failure could mean that central government intervenes and takes over the process.