
Building purchase gives Callington youth group a 'secure future'
In April, Mr Carey said the group had managed to raise £130,000 in grants but had been short of £100,000 until it was awarded further grant funding in May, which enabled the purchase of the building.He added the club regularly had 30 to 35 young people attend drop-in sessions three times a week and buying the building had been "a relief" as it ensured the club could continue.
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Reuters
8 hours ago
- Reuters
India's Knowledge Realty Trust to raise $1.4 bln debt in next three months, sources say
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Telegraph
a day ago
- Telegraph
Barclays boss warns Reeves against further tax rises
The boss of Barclays has warned Rachel Reeves against raising taxes for British businesses, saying it would risk hindering the UK's growth push. CS Venkatakrishnan warned the Chancellor on Tuesday that imposing more taxes on Britain's banks as well as key growth sectors such as pharmaceuticals and biotech could sabotage her efforts to boost the country's economy. Fears of a fresh bank tax have grown in recent months after a leaked memo this year from Angela Rayner, the Deputy Prime Minister, urged Ms Reeves to raise the rate of corporation tax paid by Britain's largest lender. But Mr Venkatakrishnan said squeezing the banks for more tax would backfire and damage the economy. 'If growth is the primary objective for the UK ... higher taxation of businesses is not a path towards that growth. Banks are among the bigger taxpayers in the country,' he said. 'Growth has been an important objective of the UK economy and we want good quality growth, which is fuelled by the important sectors of the economy. 'Banks are one of them and not the only one. There are many other important sectors – biotech, pharma, technology itself – and we want all of these sectors to prosper. And in our prosperity and in our growth lies the growth of the country.' Unsustainable public spending plans Mr Venkatakrishnan's comments follow warnings from Charlie Nunn, Lloyds Bank's chief executive, that Ms Reeves's growth ambitions 'wouldn't be consistent with tax rises'. The Office for Budget Responsibility's recent warning that the UK public spending plans are 'unsustainable' has fuelled speculation that Ms Reeves might announce new taxes on banks in her autumn Budget. Lenders already face several taxes, including standard corporation tax as well as the bank surcharge and the bank levy. According to UK Finance, the bank lobby group, lenders paid £10.8bn in corporation tax last year, and the average tax rate is the highest in the world. Mr Venkatakrishnan was speaking alongside half year results from Barclays, which showed 28pc rise in pre-tax profits to £2.5bn in the second quarter of 2025 as its trading business capitalised on volatility caused by Donald Trump's tariffs. Barclays announced the launch of a new £1bn share buyback scheme, in addition to a 3p per share dividend worth £400m. The shareholder payouts in the first half of 2025 were 21pc higher compared to the same period in 2024, when Barclays launched a £750m share buyback initiative and a 2.9p per share dividend. Barclays was also boosted by the £600m takeover of Tesco Bank it completed in October 2024, which helped it make £350m of cost cuts in the first half of 2025. Mr Venkatakrishnan added that Barclays' three-year transformation plan remains 'on track' to deliver 'structurally higher and more stable returns.' Barclays' transformation is set to see the bank cut costs by £2bn, including slashing thousands of jobs throughout the bank. The lender, which is the UK's second biggest bank, aims to return £10bn to shareholders across the three-year period.


Glasgow Times
a day ago
- Glasgow Times
Lloyds Bank customers urged to act now or miss out on £185
Their current cash incentive for switching is £185 and runs from Tuesday, 1 July to 28 July 2025. This date is the last day you can both open a new account and start the switch. The payment will be made within ten working days of the switch completion. Lloyds said: "As long as we receive your application before the 28th of July ends, you'll be able to qualify for the switch offer." Looking to get your money moving and start investing? Here's how Lloyds Bank can help you to do just that. Search Lloyds Bank Ready-Made investments to find out more. Bank — Pennies To Pounds (@penniestopound) July 22, 2025 The switch must be via the Current Account Switch Service, according to the terms and conditions from the high street bank. Your money is secure – the Financial Services Compensation Scheme (FSCS) guarantees up to £85,000 per person, per financial institution. This means that if your bank ever went bust, you would be guaranteed your money back (up to £85,000), according to Money Saving Expert, the site founded by BBC and ITV star Martin Lewis. You can only get one payment per person, regardless of how many accounts you open. And you'll miss out completely if you've received a switching bonus from Lloyds or Halifax since April 2020. Recommended reading: MSE detailed: "As well as the upfront switch cash, with Club Lloyds you can choose one of the rewards above each year." "Do note there's a £5/month fee unless you pay in £2,000+ a month," the consumer champion's advice website has also added. It went on to say: "You also get access to a linked regular saver paying 6.25% fixed interest for a year on up to £400/month (maxed out, it's £161/year interest) and the debit card has no fees on overseas spending with near-perfect exchange rates. "The switch offer is also available on the Club Lloyds Silver account, one of our top picks for packaged accounts which provides a range of insurance for £11.50/month."