Labour would raise bank levy after 2015 election

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
U.K. opposition Labour party plans to increase the bank levy to make free health care for children more affordable for working families. Currently the bank tax rate is 0.105%, raising 2.5 billion pounds a year, but Labour is going to collect 800 million pounds more. The opposition party has already announced a 27.9 billion more budget spending during the first year if it wins the general election in 2015.
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Tue, 24 Sep 2013 08:30:47 GMT

European stocks fluctuate before US consumer confidence report

European shares were little changed on Tuesday after they dropped two days in row before a report showed that the consumer confidence in the US fell from 81.5 points recorded in August to 80 in September and as investors awaited an outcome of Fed's officials' speech. The Stoxx Europe 600 Index was traded at 312.61 at 8:10 a.m. London time

Mon, 23 Sep 2013 12:30:03 GMT

Oracle's Ellison gets 18% lower salary

Larry Ellison, the CEO of Oracle Corp., decided to refuse his annual bonus for the fiscal year 2013, as the company missed profit estimates. Thus, he will get the $78.4 million annual salary, a decrease of 18% from the previous year. Currently he is ranked eighth richest man is the U.S., as his fortune is estimated at $41.8 billion. Oracle

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