Treasury minister downplays need for immediate tax rises

Rapid economic recovery from Covid recession could help ministers avoid increasing taxes, says Jesse Norman

A Treasury minister has downplayed the need for immediate tax rises to tackle record levels of government borrowing caused by the coronavirus pandemic.

Jesse Norman said a rapid economic recovery from the worst recession for more than three centuries could help ministers avoid increasing the tax take in response to record borrowing levels.

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Kirk named publisher of Crain’s city publications

Jim Kirk, the publisher and executive editor of Crain’s Chicago Business, has been named group publisher for its papers in New York, Cleveland, Detroit, and Chicago . Kirk writes, “I’m assuming the position held...

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Next consortium in pole position to buy Philip Green's Topshop empire

Arcadia, which employed 13,000 staff in 500 outlets when it collapsed, up for auction

A consortium that includes high street giant Next is thought to be in pole position to buy Sir Philip Green’s Topshop empire out of administration.

Arcadia, which employed 13,000 people across 500 outlets at the time of last year’s collapse, is being auctioned, with Monday being the deadline for final bids.

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