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Financial

Nightmare on Aim Street scares investors

The City of London is preparing for a "Halloween Nightmare on Aim Street", which could be announced at the budget meeting next month. Investors have been scared by fears that Treasury may consider cutting an "essential" tax relief which has…

Families rush to give gifts before the budget

Parents and grandparents rush to transfer property, cash and investment before the budget in October. Lawyers report a rise in large gifts made by families who are convinced that the government is going to target capital gains (CGT) or…

Thames Water lenders plot £1bn lifeline

Thames Water's creditors plan to inject over £1 billion before the end the year to give the utility a financial lifeline as it attempts to sort out its finances. The City's sources say that a group of hedge funds, institutions and other…