The Times writes that business is today mounting a pre-emptive strike against Budget tax ris...
The Times writes that business is today mounting a pre-emptive strike against Budget tax rises on the corporate sector by demanding cuts instead. Companies fear that Gordon Brown will try to avoid politically damaging tax imposts to fund extra spending by targeting business. Digby Jones, Director-General of the CBI, says that business should not be seen as a soft touch.
The Times also reports that a sudden surge in spending on television advertising has raised hopes in the media that the worst of the industry's most serious recession for decades may be over.
London needs £100bn of investment in public services over the next 15 years if it is to maintain its world city status and compete with Tokyo and New York according to the Times.
George W. Bush and Tony Blair agreed a framework for a new attempt to achieve a Middle East ceasefire as Ariel Sharon, Israeli prime minister, said he intended to speed up military operations in the West Bank writes the FT.
The Telegraph says Cazenove, the ultra-secretive British stockbroker, yesterday took the highly unusual step of issuing an official statement to fend off talk that it has become a £2bn bid target for JP Morgan Chase.
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