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...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...And let us also put a stop to the endless childish arguments about MPs’ salaries. Once the seriousness of the role has been established as suggested, commensurate payment should be made....
...Marks and Spencer co-chief executive Katie Bickerstaffe is stepping down after less than two years in the role, leaving Stuart Machin as the sole boss of the UK retailer....
...For now, Dutch prime minister Mark Rutte can still be spotted around The Hague mopping up his own coffee spills, teaching a weekly social studies class at a mostly immigrant high school, or puttering about...
...“We were literally at a point where we weren’t flushing toilets, the garden was wilting, we couldn’t really cook. We just let the washing pile up, we weren’t really able to bathe,” she said....
...“It is a budget that I consider very serious, very realistic, a budget that doesn’t waste resources, but concentrates them on some big priorities,” Meloni said....
...This is an audio transcript of the FT News Briefing podcast episode: Swamp Notes — Did Biden’s State of the Union hit the mark?...
...That doesn’t mean that’ll hold forever.”...
...About $5bn in disbursements from international donors and lenders in December “won’t be sufficient” to cover spending needs....
...Clearly the paying of dividends, and high salaries and bonuses to its executives is more of a priority than ensuring its vehicles are secure....
...“But if the government can’t show results, that’s when people start to get angry.”...
...“It couldn’t happen in a federal system,” said Drakeford....
...These funds don’t engage with companies, they rely on third-party rating agencies’ opinions, and can’t divest if they’re not happy....
...The instruments, of course, don’t do all the work....
...“When one is extracting a surplus we can’t just do [this] with the view that it will be fine forever and everything is completely hunky dory,” Afolami said....
...All that should give other shareholders confidence that these share sales don’t signal a market top....
...(FTAV) — Private credit returns are great — if you believe the marks (FTAV)...
...“The UK labour market hasn’t received its usual January injection of job postings,” said Jack Kennedy, senior economist at Indeed UK....
...The MP for Mid Norfolk explained his rationale for resigning: “Because my mortgage rises this month from £800 [per calendar month] to £2,000, which I simply couldn’t afford to pay on a ministerial salary...
...Listen to more episodes, such as Tax cuts: will they or won’t they?, When is a tax cut not a tax cut? The Autumn Statement digested and more. Presented by Claer Barrett....
...BUY: Hill & Smith (HILS) Operating margins are on the rise at the supplier of products for the construction and infrastructure industries, writes Mark Robinson....
...We can’t afford a holiday this year, despite having a joint household income of £165,000.”...
...Steven Cameron, pensions director with Aegon, a pension provider, said there was “no reason” why the government couldn’t start the consultation process now....
...Mark T Williams Master Lecturer, Finance Department, Boston University Questrom School of Business; Former Federal Reserve Bank Examiner; Past President, Boston Economic Club, Boston, MA, US...
...Where individuals bargain, the evidence gathered by Cullen suggests that being open about salaries does work in one sense....
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