Month: September 2021

  • Klein earned $10m from Lehman deal

    first_img whatsapp Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Monday 30 August 2010 8:56 pm FORMER Citigroup high-flyer Michael Klein pocketed $10m (£6.4m) as a flat fee for helping Barclays buy Lehman Brothers’ US brokerage at the height of the financial crisis. The investment banker’s pay deal, revealed during the ongoing legal wrangle between the two sides regarding the takeover, was described as being “of great interest” by bankruptcy judge James Peck.Lehman alleges Barclays “grabbed” an $11bn windfall when it snatched the business from the jaws of collapse in September 2008. Barclays Capital, led by Bob Diamond, insists it took a risk by purchasing Lehman’s US arm at a time of severe market turbulence.A lawyer for Klein, who now works as a freelance banker and has advised Liverpool FC, said disclosing the fee could put him at a disadvantage when negotiating with clients. But Peck said the sum was “not only of great interest but it goes to the heart of his credibility as a witness”.Klein said the reward was not related to how much Barclays paid for Lehman. He claimed to have worked nearly 24 hours a day from the time Lehman applied for bankruptcy and Barclays sealed its buyout. center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Share Klein earned $10m from Lehman deal Tags: NULLlast_img read more

  • US homebuilder confidence remains stuck at rock bottom

    first_img Tags: NULL AMERICAN homebuilder confidence remained unchanged in September, having fallen to its lowest level for 18 months in August, as concern about the rate of foreclosures and poor job prospects continued to dampened demand, a report said yesterday.The National Association of Home Builders (NAHB) report showed homebuilders felt there was little reason for optimism with the gauge unchanged at 13 in September, its lowest level since March 2009.NAHB chief economist David Crowe acknowledged there were legitimate concerns about the US housing market but was more optimistic about future months. He said: “Builders report that the two leading obstacles to new-home sales right now are consumer reluctance in the face of the poor job market and the large number of foreclosed properties for sale, suggesting a moderate improvement in the job market will help boost consumer confidence and improve conditions for new-home sales in this year’s final quarter.”Regionally, across the US, homebuilder confidence fell two points in the Northeast and three points in the Midwest, to 16 and 12, respectively.The South posted a two-point improvement to 14, while the West remained unchanged, at 8. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsappcenter_img US homebuilder confidence remains stuck at rock bottom Show Comments ▼ Monday 20 September 2010 9:19 pm Share whatsapplast_img read more

  • Birmingham council looks to sell assets

    first_img BIRMINGHAM council leaders are in talks with Middle East sovereign funds, hoping to plug a budget hole by selling a number of trophy assets owned by the city.The council is looking for ways to fund big capital projects at a time when the coalition government is demanding deep spending cuts. Town halls around the country are currently drawing up proposals to cut spending by up to 30 per cent in anticipation of the government’s comprehensive spending review next month.Birmingham is now seeking private investment to complete its Beorma quarter development, the latest phase in the regeneration of the city centre, and has attracted about £200m from Kuwaiti lead developer Salhia International Investments.Plans to knock down and relocate the main library and redevelop the site in the heart of the city have also caught the eye of Middle Eastern investors.Among the assets that could be sold is the National Exhibition Centre (NEC), as well as the council’s 19 per cent stake in Birmingham Airport and some of the city’s social housing, valued at around £2bn.Mike Whitby, Conservative party leader of Birmingham city council said he was talking with the Abu Dhabi government as well as a number of sovereign wealth funds. “We would allow them to be in partnership with our assets including the National Indoor Arena (NIA), the Symphony Hall, the International Convention Centre (ICC) and the NEC,” Whitby said. The NEC Group, which includes the NIA and ICC, made a profit of almost £30m. One Conservative councillor said the council could also sell its 19 per cent stake in Birmingham international airport. whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content whatsapp Tuesday 21 September 2010 7:29 pm Birmingham council looks to sell assets Show Comments ▼ Tags: NULL Sharelast_img read more

  • Blockbuster files for bankruptcy over $1bn debts

    first_img THE US arm of video and games rental store Blockbuster filed for bankruptcy yesterday in an attempt to cut its debts and restructure its business.The company has been struggling to meet payments on debts of $1bn (£637m). Agreements with its creditors will now allow the company to reduce the debt to $100m.Blockbuster said the bankruptcy did not include its non-US operations. It has some 4,000 stores in the UK, Canada, Denmark, Italy and Mexico.Jim Keyes, Blockbuster’s chief executive, said the company would now be able to recapitalise its balance sheet and transform its business model to “meet the evolving preferences of our customers,”Blockbusters was slow to react to competition from the online rental market. It launched its own online subscription service in 2004 but was already several years behind the US market leader, Netflix, which launched in 1999. whatsapp whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Thursday 23 September 2010 7:45 pmcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ Blockbuster files for bankruptcy over $1bn debts Tags: NULLlast_img read more

  • Ex-State Street workers charged over subprime

    first_img Ex-State Street workers charged over subprime Thursday 30 September 2010 10:20 pm whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL KCS-content Show Comments ▼center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Share TWO former top State Street executives were hit with securities fraud charges yesterday for misleading investors about a risky subprime mortgage-laden fund and tipping off favored clients.The US Securities and Exchange Commission (SEC) said it charged John Flannery, a former member of State Street’s executive management group, and James Hopkins, the former head of product engineering for North America. The SEC alleged that Flannery and Hopkins marketed one of State Street’s bond funds as an “enhanced cash” investment strategy that was an alternative to a money-market fund. However, by 2007 the fund was “almost entirely invested” in subprime residential mortgage-backed securities and derivatives. State Street said it “has resolved this matter, both in terms of addressing client concern and settling with the SEC.” last_img read more

  • New jobless claims rose in US last week

    first_imgThursday 14 October 2010 9:20 pm New US claims for jobless benefits rose last week, hardening the view the central bank will pump more money into the economy, and keeping pressure on Democrats poised to lose congressional seats in 2 November polls.At the same time, record-high imports from China helped push the US trade deficit wider in August, while rising food and energy prices pushed inflation at the wholesale level up twice as fast as expected last month. Initial claims for state unemployment benefits rose to a higher-than-expected 462,000 in the latest week, the Labour Department said yesterday. Economists polled had expected initial claims at 445,000 in the latest week.“These numbers don’t fall out of the range of expectations, so they don’t move the needle too much,” said Jason Pride, director of investment strategy at Glenmede Investment and Wealth Management.The number of unemployed workers continuing to collect insurance benefits fell 112,000 to 4.399m in the week ended 2 October, the lowest level since November 2008.Prices for US Treasury securities were little changed after the data’s release. The US dollar briefly extended losses and stock index futures trimmed their gains.In a separate report, the Labour Department said US producer prices rose 0.4 per cent in September and the core index, which excludes volatile food and energy prices, rose 0.1 per cent in the month. The US trade deficit for August jumped 8.8 per cent to a larger-than-expected $46.4bn, pushed by record imports from China that helped the US deficit with Beijing set a new record of $28.0bn, the Commerce Department said. The US growth outlook has darkened significantly and the Federal Reserve is unanimously expected to embark on a fresh round of asset purchases to prop up the economy, a separate Reuters poll showed. whatsapp KCS-content Share New jobless claims rose in US last week Show Comments ▼ More From Our Partners Feds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Tags: NULLlast_img read more

  • ANALYST VIEWS: WHAT IS THE LEGACY OF OUTGOING CHIEF ALAN PARKER

    first_img Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL SIMON FRENCH | PANMUREPremier Inns continues to benefit from a combination of a recovering market, dynamic pricing, Premier Offers and the Business Account Card.Whilst we expect recent price increases at Costa Coffee combined with the launch of TVadvertising to continue to drive mid-single digit like-for-like sales growth.RICHARD HUNTER | HARGREAVES LANSDOWNBoth the business model and the share price performance continue to be recession proof. The company itself stresses the importance of its value offerings in what could turn out to be a cash constrained environment. Growth at both the Premier Inn and Costa Coffee businesses remains extremely strong. ANALYST VIEWS: WHAT IS THE LEGACY OF OUTGOING CHIEF ALAN PARKER whatsapp Tuesday 19 October 2010 7:41 pm Sharecenter_img whatsapp NICK BATRAM | KCB PEEL HUNTThe attraction of Whitbread is that not only has it proven to be a defensive investment during hard times but that it should be equally rewarding in a recovery. We don’t perceive the change in chief executive to weaken the story in any way. Show Comments ▼ KCS-content last_img read more

  • Airline quits Belfast City

    first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute KCS-content IRISH budget carrier Ryanair yesterday closed its Belfast City Airport base after saying delays to a new runway had stopped it launching new routes.Dublin-based Ryanair said it was ceasing services to London and four other services to the UK from the Northern Ireland airport, switching its one Belfast City-based aircraft to another airport and axeing 50 jobs.Ryanair, which only runs five routes to the UK because of the short runway at Belfast City, had planned to launch more routes from the airport to European destinations if the runway extension had gone ahead.But it decided to pull out after an inquiry into the runway, initially due to open in 2008, was further delayed.Ryanair, due to report half year results today, said the delay meant the extension may not open until 2012. The end of its services may reduce passengers by 1m a year, but it may return if the extension is built.Chief executive Michael O’Leary said: “It makes no sense for Ryanair to continue to invest in Belfast City, operating restricted routes with less than full payloads.” Airline quits Belfast City Show Comments ▼ whatsappcenter_img Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Sunday 31 October 2010 11:10 pm whatsapp Sharelast_img read more

  • Casino beats Tesco to Thai deal

    first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush Share whatsapp Casino beats Tesco to Thai deal KCS-content Sunday 14 November 2010 11:23 pmcenter_img French retailer Casino has beaten supermarket giant Tesco in an auction to buy 40 Thai supermarkets from Carrefour. Casino is set to pay more than €700m for the Thai assets. Tesco, the world’s third largest supermarket by sales, had been tipped as a top contender for the purchase because it is the market leader in the country and has previously done deals with Carrefour, which is the world’s second largest supermarket group by sales. Carrefour had been looking for up to $1bn for stores in Thailand, Malaysia and Singapore. The Malaysian and Singapore auctions are ongoing. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ whatsapp Tags: NULLlast_img read more

  • Johnson contradicts Miliband on 50p tax

    first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Tags: NULL KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Sunday 28 November 2010 7:54 pmcenter_img Johnson contradicts Miliband on 50p tax Show Comments ▼ whatsapp SHADOW chancellor Alan Johnson has denied clashing with Ed Miliband over the 50p tax rate, amid criticism that the Labour Party is divided.Party leader Miliband has said he plans to keep the tax rate for higher earners after the next general election. But Johnson yesterday said that the tax should be reviewed nearer the election.Speaking on The Andrew Marr Show, he said: “What me and Ed agree on is that we need a 50p tax rate now, we’ll need it at the next general election, but we’ll look at it closer to the time.”Earlier this month Johnson admitted there were “very big” differences between him and the Labour leader. He accused Miliband of committing to maintain the 50p tax “in the cut and thrust” of a leadership election, and has suggested that Labour could scrap the policy.But a spokesman for Mr Miliband has said the party was committed to the tax rate “for the forseeable future”.Michael Fallon, deputy chairman of the Conservative party, said: “Until [Miliband] stops dithering… he won’t get people to take an interest in Labour.”IN QUOTES | HOW ALAN JOHNSON CONTRADICTED HIS BOSS● Ed Miliband, 10 June“Let me say plainly: I would keep the top rate of income tax at 50p permanently.”● Alan Johnson, 15 November “We might not see the need for a 50p tax rate in five years’ time.” ● Ed Miliband, 22 November “One of the things that gets me out of bed in the morning and that I care about is that Britain is a fundamentally unequal society and that’s the reason I said what I said about the 50p rate.”● Alan Johnson, yesterday“What me and Ed agree on is that we need a 50p tax rate now, we will need it at the next general election, but we will look at it closer to the time.” Sharelast_img read more