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SEC will not pursue a fraud case against Moody’s over rating error

first_img Share KCS-content Tuesday 31 August 2010 9:15 pm Show Comments ▼ whatsapp SEC will not pursue a fraud case against Moody’s over rating error center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout The US Securities and Exchange Commission has decided not to pursue a fraud case against Moody’s over a computer glitch that inflated ratings on some European debt.The regulator yesterday cited uncertainty over its authority to bring the case in the US as the reason not to press a fraud enforcement action against the parent of Moody’s Investors Service.The probe arose after it was revealed that a computer coding error caused the rating agency to wrongly assign “Aaa” ratings to complex European products known as constant proportion debt obligations. The SEC said Moody’s found the problem in January 2007, fixed it the next month, but waited until January 2008 before changing the underlying ratings, affecting nearly $1bn of debt. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

Jimmy Choo considers float

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver Health More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Show Comments ▼ Jimmy Choo considers float KCS-content whatsapp Wednesday 1 September 2010 8:45 pmcenter_img whatsapp Share LUXURY fashion brand Jimmy Choo is considering a flotation as early this year, as private equity owner Towerbrook mulls the retailer’s future. Recent reports have named Goldman Sachs and Morgan Stanley as the most likely advisers to Jimmy Choo, to help Towerbrook decide whether to sell or float the firm. TowerBrook bought a majority stake in Jimmy Choo from Lion Capital in February 2007, in a deal that valued the company at £185m. Current valuations stand at around £500m after several years of growth. Tags: NULLlast_img read more

Zara launches online stores

first_img Zara yesterday launched its first online stores. The clothes chain will sell garments at identical prices to stores, charging £3.95 for home delivery. Ordered items can be picked up free of charge at shops. The label’s owner Inditex, the world’s biggest clothing retailer by sales, has launched Zara online in Britain, Spain, Portugal, France, Italy and Germany. The retailer, who also owns Massimo Dutti Bershka, has plans to go online in America, Japan and South Korea next year. Despite a deep global recession, online retail sales have boomed, particulary among young consumers. Online retail sales are projected to grow in Western Europe to £93bn in 2014 from £68bn in 2009, according to consultants Forrester. Zara chief executive Pablo Isla said: “Internet and the world of social networking are indispensable tools and extraordinary channels for communication, and fit perfectly with our group’s philosophy.” Show Comments ▼ Share whatsapp Thursday 2 September 2010 7:32 pm whatsapp Zara launches online stores Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content last_img read more

Autonomy bounces back with robust set of results

first_img whatsapp KCS-content Share AUTONOMY staged a partial recovery yesterday after its disastrous profit warning earlier this month – which sent its shares falling 17 per cent – an update it now describes as “conservative”.The software giant, which enables searches of information including emails, phone conversations, documents and video, posted third quarter pre-tax profit of $86.3m (£55m), a year-on-year hike of 34 per cent.It also reported a 10 per cent rise in revenue to $211m, which comes in at the top of its own guidance.Two weeks ago it warned its 2011 revenues could be as much as three per cent lower than estimates, sending its shares into free-fall.But yesterday chief executive Mike Lynch said: “Given this update it may seem very conservative to have previously changed our outlook for the fourth quarter, but we felt it was safer. We are confident in maintaining our view of the outlook for demand and expect to continue to deliver good earnings per share growth in 2011, with upside to current market consensus.”Analysts reacted warily to the update yesterday, with Evolution’s Roger Phillips saying the announcement “makes little sense”. Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼center_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Autonomy bounces back with robust set of results Tuesday 19 October 2010 7:53 pm whatsapplast_img read more

Recession… what recession?

first_img Share Recession… what recession? whatsapp Buoyant manufacturing figures from the UK, the US and China boost hopes for global recoveryFactories continued to fire back to life last month, with manufacturing in the UK, the US and China rebounding more strongly than economists had expected.In the UK, the manufacturing sector kicked off the fourth quarter on a high note, with October export orders rising sharply to a five-month high after a slowdown in September. The closely-watched purchasing managers’ index (PMI) from Markit rose to 54.9, compared to a 10-month low of 53.4 in September. Economists had been expecting a figure of 53.1. This is the fifteenth month in a row that the PMI has been above the all-important 50 mark, which indicates expansion rather than contraction. The more forward-looking aspects of the index suggested the rebound is no flash-in-the-pan, with new order growth improving for a second month in a row. Manufacturers also employed new workers at the fastest rate since June, indicating they are more confident about the future, and fuelling hopes that the private sector will be able to compensate for public sector job losses. Economists said the robust figures, which come hot-on-the-heels of strong third-quarter GDP growth of 0.8 per cent, were the “final nail in the coffin” for another round of quantitative easing (QE), at least in the short term. “If last week’s GDP data was not enough to head off the possibility of the Bank of England implementing further QE at this week’s meeting, then these figures will surely be the final nail in the coffin,” said Andrew Goodwin, senior economic advisor to the Ernst & Young Item club. Meanwhile, stocks across the globe ticked up after Chinese and US manufacturing data provided investors food-for-thought ahead of the Fed’s decision on more QE, due tomorrow. The US Institute for Supply Management’s October PMI rose to 56.8 from 54.4 a month earlier, confounding economists who had expected it to slip further to 54. The all-important employment component of the index bounced higher, as did the part that measures new orders. Earlier, news from China’s factories provided cause for hope. There, the official PMI rose to 54.7 against 53.8 in September, while the HSBC index rocketed from 52.9 to 54.8 – one of the sharpest rises since the bank began the survey. In London, the FTSE 100 closed up 0.3 per cent at 5,695.62. Across the pond in New York, the Dow Jones closed up by 0.6 per cent, after earlier gains were tempered by fears over the decision on QE. KCS-content whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo Show Comments ▼ Monday 1 November 2010 9:41 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULLlast_img read more

GM wheels in tax break on $50bn profit

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp KCS-content Share GENERAL Motors will not have to pay US federal taxes on up to $50bn (£31bn) of profits for as long as 20 years because of a tax exemption for companies bailed out by the government under the Troubled Asset Relief Programme (Tarp).The government ruling, passed last year, means the losses racked up by GM before its government-funded bankruptcy can be used to offset its future tax liabilities, according to a report in the Wall Street Journal.With the standard federal corporate tax rate at 35 per cent, that tax break could save GM $17.5bn.The news comes as the Detroit carmaker sets out to repay around $7bn of the $58bn it owes the taxpayer, through a public share listing of between $9.5bn and $10.5bn, valuing the company at around £60bn – roughly equivalent to rival Ford.The tax benefit comes from so-called tax-loss carry-forwards, which allow companies to use previous losses to shield profits for up to 20 years.Previously, companies that have a significant change in ownership – as GM did when the government took a 61 per cent stake in the company – would be restricted from claiming the tax break.But, according to reports, the government last year decided Tarp recipients would not be barred – because the tax boost makes bailed-out companies more attractive to investors. The rationale is that even though the government loses out on tax payments, there would be no taxes paid at all if the companies fail.GM expects to sell 365m common shares at $26 to $29 each. GM also plans to sell $3bn of preferred shares that would convert to common shares under mandatory provisions.GM, which emerged from bankruptcy in July 2009 with the US Treasury as its majority shareholder, is likely to sell a combined $1.5bn to $2bn stake to four or five sovereign wealth funds, sources said. GM wheels in tax break on $50bn profit whatsapp Show Comments ▼ Tuesday 2 November 2010 10:01 pm Tags: NULLlast_img read more

BEST OF THE BROKERS

first_img whatsapp JD WETHERSPOONUBS rates the pub chain a “buy” but has reduced its target price to 500p from 525p. The broker points to a one-off increase in spending on staff and repairs that are depressing margins, but adds that earlier opening hours will increase group margins above the firm’s historic 10 per cent trend as soon as 2012.LANCASHIREShore Capital rates the insurer a “buy” with a target price of 580p. Shore notes underwriting and capital discipline in the firm’s recent quarterly results, with a robust balance sheet and debt gearing of just over eight per cent. The broker adds that the firm’s special dividend alone represents a 15 per cent yield.RANDALL & QUILTERNumis rates the insurance firm a “buy” with a target price of 140p. The broker sees the firm’s recent agreement with the Lloyd’s market to form a syndicate next year as a positive step, which will diversify the company. The broker believes the deal could support a higher price to earnings ratio, which now stands at 8.7 times. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Monday 8 November 2010 7:51 pm Sharecenter_img KCS-content Tags: NULL BEST OF THE BROKERS Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

COSTAIN SLASHES PENSION DEFICIT

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comGloriousaCouple Had Their Home Demolished Because Of ThisGloriousa COSTAIN SLASHES PENSION DEFICIT Share whatsapp Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap center_img KCS-content Monday 8 November 2010 9:24 pm CONSTRUCTION and engineering group Costain was boosted yesterday after slashing its pension deficit by £22m after transferring its interest in six PFI investments into its pension scheme. Chief executive Andrew Wyllie (above) said the valuation realised on the investments was higher than expected. whatsapp Show Comments ▼last_img read more

ITV could reinstate dividend

first_img whatsapp whatsapp Commercial broadcaster ITV is mulling over reinstating its dividend payment for shareholders next year after popular programmes such as “Downton Abbey” boosted advertising revenues over the past few months. According to a Sunday newspaper report the company is set to report this week that the wider TV advertising market has increased approximately 14 per cent this year and its group revenues are expected to be up by around 15 per cent. ITV has not made a dividend payment to shareholders for more than two years and has been battling against falling advertising revenues. Share KCS-content Commercial broadcaster ITV is mulling over reinstating its dividend payment for shareholders next year after popular programmes such as “Downton Abbey” boosted advertising revenues over the past few months. According to a Sunday newspaper report the company is set to report this week that the wider TV advertising market has increased approximately 14 per cent this year and its group revenues are expected to be up by around 15 per cent. ITV has not made a dividend payment to shareholders for more than two years and has been battling against falling advertising revenues. KCS-content Show Comments ▼ Share Tags: NULL,Sunday 14 November 2010 10:13 pm whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp ITV could reinstate dividend ITV could reinstate dividend Tags: NULL Sunday 14 November 2010 10:13 pmlast_img read more

Johnson contradicts Miliband on 50p tax

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content SHADOW chancellor Alan Johnson has denied clashing with Ed Miliband over the 50p tax rate, amid criticism that the Labour Party is divided.Party leader Miliband has said he plans to keep the tax rate for higher earners after the next general election. But Johnson yesterday said that the tax should be reviewed nearer the election.Speaking on The Andrew Marr Show, he said: “What me and Ed agree on is that we need a 50p tax rate now, we’ll need it at the next general election, but we’ll look at it closer to the time.”Earlier this month Johnson admitted there were “very big” differences between him and the Labour leader. He accused Miliband of committing to maintain the 50p tax “in the cut and thrust” of a leadership election, and has suggested that Labour could scrap the policy.But a spokesman for Mr Miliband has said the party was committed to the tax rate “for the forseeable future”.Michael Fallon, deputy chairman of the Conservative party, said: “Until [Miliband] stops dithering… he won’t get people to take an interest in Labour.”IN QUOTES | HOW ALAN JOHNSON CONTRADICTED HIS BOSS● Ed Miliband, 10 June“Let me say plainly: I would keep the top rate of income tax at 50p permanently.”● Alan Johnson, 15 November “We might not see the need for a 50p tax rate in five years’ time.” ● Ed Miliband, 22 November “One of the things that gets me out of bed in the morning and that I care about is that Britain is a fundamentally unequal society and that’s the reason I said what I said about the 50p rate.”● Alan Johnson, yesterday“What me and Ed agree on is that we need a 50p tax rate now, we will need it at the next general election, but we will look at it closer to the time.” whatsapp Sunday 28 November 2010 7:54 pm center_img whatsapp Johnson contradicts Miliband on 50p tax Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more

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