14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 132 of 141.
“the combined higher and additional rate payers are predicted to pay a total of £92.7bn this year.”
“That is £9bn more than last year and will amount to 66% of the government's total income tax stream this year.”
“Overall, the government's income tax take will rise by an extra £10bn this year to £161bn, almost back to the levels of 2007-08.”
“anyone earning more than £150,000 will pay 33% of their incomes as income tax this year”
“those earning more than a million pounds will pay 44% on average.”
“Last year, the 14,000 people who earned more than £1 million paid an average £828,000 each in income tax.”
“This year, the 13,000 in that bracket are likely to pay an average of £1.02 million each - 23% more in the space of just one year.”
“For all that they individually give a lot, there really aren't enough of them to make a huge difference to our fiscal deficit - to close it, we have to raise money from everyone, not just the rich," Mr Whiting said.”
“It thought that the number of income tax payers would fall by three million from a peak of 32.3 million in 2007-08 to 29.3 million in 2009-10.”
“Within that drop, the number of higher rate payers was expected to fall by nearly a million, from 3.89 million to 2.91 million.”
“Unemployment has not gone up as much as anticipated and there has been inward migration," said Chas Roy-Chowdhury.”
“HMRC now reckons that in 2009-10 there were 30.2 million income tax payers, nearly a million more than it was originally forecasting.”
“Within that total, the number of basic rate payers went up by 2.2 million - more than previously predicted - to 26.3 million, while the number of higher rate payers did indeed fall - from 3.87 million to 3.22 million - but not as much as f…”
“The overall effect was that the government's total take from income tax fell from a record £163bn in 2007-08 to an estimated £151bn in 2009-10.”
“Tax policy has always been skewed to taxing people more, the more they earn," said Mr Roy-Chowdhury.”
“Next year's changes to the taxation of pension contributions may be a tipping point for some people," he added.”
“Its shares down 47 pence, or 8.7%, to 496.5p”
“He said the group was aiming to achieve "significantly" higher earnings in 2010 than in 2009.”
“expects the Greek economy to shrink by 3% this year”
“The euro hit a fresh 13-month low against the dollar”
“The yield on the 10-year Greek sovereign bond rose to 10.025% from 9.168% on Tuesday”
“and that of Portuguese 10-year bonds went to 5.762% from 5.386%”
“The rate on Spain's 10-year sovereign bond widened to 4.196% from 4.113%”
“the eurozone as a whole would see growth of 0.9% - an improvement on the 0.7% forecast earlier this year”
“The euro hit its lowest level against the dollar in more than a year, at $1.2887, and was also down against the pound, with one pound worth 1.1706 euros”
“In London the FTSE 100 closed down 1.28%, France's Cac 40 index dropped 1.44%, and Germany's Dax down 0.81%”
“At close in the US the Dow Jones was down by 59.94 points, or 0.55%, at 10,866.83”
“The tech-based Nasdaq fell by 0.91% to 2402.29, and the broader S&P 500 fell by 0.8%, to 1,164.18”
“Portugal's economy is forecast to grow by 0.5% after shrinking by 2.7% last year, the European Commission said”
“Spain - another country under scrutiny from investors - is expected to see its economy shrink by 0.4% this year, which is better than the 0.6% fall in GDP previously forecast”
“At the weekend, European finance ministers agreed a 110bn-euro ($143bn; £95bn) bail-out package for Greece, to help it pay off its huge debts”
“Greece is currently struggling with debts equivalent to more than 100% of its GDP”
“Prudential has delayed publication of details of a $21bn (£13.8bn) rights issue intended to help fund its $35.5bn acquisition of AIA in Asia.”
“Prudential needs approval from 75% of its shareholders for the deal to go through. A shareholder vote is scheduled for 27 May.”
“Capital Research & Management, Prudential's largest shareholder with 12%, has misgivings about the AIA takeover”
“Prudential, with surplus capital of £3.4bn, and AIA, with $3.3bn (£2.1bn), are among the best capitalised insurers in the world and both above 200%.”
“The euro has fallen to $1.2954 - its lowest level for more than a year.”
“The Singapore market was down 1.5% and Hong Kong's Hang Seng index fell 2.1%.”
“On Tuesday, the Spanish Prime Minister Luis Rodriguez Zapatero was forced to deny rumours that Spain would be next to seek financial rescue, following the agreement of a 110bn-euro ($143bn; £95bn) bail-out package for Greece over the weeke…”
“Spain is of particular concern because of the size of its budget deficit - currently above 11% of GDP - and the weakness in its economy.”
“Spain has the highest rate of unemployment in the eurozone, at above 20%.”
“and the economy is expected to shrink by 0.6% this year.”
“On Tuesday, global stock markets also felt the impact of the uncertainty, with the FTSE 100 in London falling more than 2.5% and Wall Street's Dow Jones index down 2%.”
“Rupert Murdoch's News Corporation saw net profit drop by 69% in the third quarter to $839m (£554m)”
“It said third-quarter revenue was up by 19% on a year before to $8.8bn.”
“News Corp enjoyed $2.4 bn in gains and tax benefits on its partial sale of technology company NDS Group.”
“Operating income at News Corp's filmed entertainment unit jumped 76% to $497m.”
“News Corporation saw net profit drop by 69% in the third quarter to $839m (£554m) but the figure was better than had been expected.”
“A new regime for agencies, demanding they explain how downgrade decisions are made, will begin in December”
“Ratings agency Standard & Poor's downgraded Greek debt to 'junk', leaving it effectively cut off from the financial markets.”
“The three big agencies - Standard & Poor's, Moody's and Fitch - occupy a position of power at the heart of global finance.”
“Last year the big three of Standard & Poor's, Fitch, and Moody's admitted that their assessment of securities backed by sub-prime mortgages had turned out to be incorrect.”
“They had been accused of failing to spot the size and risk of the bad US housing debt that was resold around the world, causing multi-billion pound losses.”
“The euro fell to a 13-month-low against the dollar, dropping to $1.3004, after earlier slipping below the $1.30 mark.”
“agreement reached over the weekend to provide Greece with a 110bn-euro ($143bn; £95bn), three-year bail-out package.”
“US stock markets had their worst session in three months, with the Dow Jones falling by 2%, the tech-based Nasdaq by 2.98% and the S&P 500 by 2.38%.”
“In both London and Frankfurt, the leading share indexes closed down 2.6%, while in Paris the main index lost 3.6%. Shares in Athens closed down 6.7%.”
“Spain's debt-to-GDP ratio is just over 52%, compared with Greece's 115%.”
“Shares fell 25 pence, or 4.3%, to 550.6p in early trading.”
“They have now plunged more than 15% since the explosion on the rig two weeks ago.”
“By mid-afternoon, BP shares closed down 3% lower at 558.5p.”
“Transocean shares also continued to fall, down 3.7% at $70.11 in early trading in New York.”
“Its shares have fallen more than 20% since the explosion.”
“BP said the cost of containing the spill and securing the original well is running at about $6m (£3.9m) a day.”
“But even in the worst case scenario, the direct financial burden of the clean-up and paying compensation is unlikely to be a crippling burden for a firm as gigantic as BP, which last year made profits of over $40bn”
“The total increased to 48,901 in March from 46,882 the month before, and the figure was 17% higher than in March 2009.”
“with a net £318m being removed in March.”
“It was the 12th time in the past 13 months that savers have taken out more money than they have put in from their accounts with building societies.”
“the number of mortgage deals available at the start of May was up by 12% from a month ago to 1,928, which was also 36% more than at the start of the year.”
“the number asking for a 10% or 15% downpayment went up from 461 to 520.”
“As a proportion of the market they accounted for 27% of all deals on offer - the same as a month ago.”
“the proportion of deals asking for at least a 25% deposit was also steady, remaining at 57% of all mortgages.”
“lenders are still demanding deposits from borrowers averaging 25% of the value of the homes being purchased.”
“mortgage lenders have continued to warn that from 2011 onwards banks will have to repay the government the £300bn it provided in emergency loans during 2008.”
“Australia's central bank has raised interest rates for the sixth time in eight months”
“Mr Stevens said the increase to 4.5% from 3% last October represented a "a significant adjustment from the very expansionary settings reached a year ago".”
“Australian property prices have risen by more than 20% in the last 12 months, according to the latest official statistics.”
“The target interest rate is now at 4.5% - up from 3% in October last year.”
“Mr Stevens said the increase to 4.5% from 3% last October represented a 'a significant adjustment from the very expansionary settings reached a year ago'.”
“Australia's central bank has raised interest rates for the sixth time in eight months as the country's economy continues to recover.”
“Commonwealth Bank economist Savanth Sebastian said: "That statement indicates rate rises may be put on hold for a bit."”
“In the first half of 2009, Standard's profits were a record $2.84bn (£1.86bn), suggesting profits for the first quarter of that year of about $1.4bn.”
“Wholesale banking, which includes advisory, trade finance and other investment banking business, saw client income rise by more than 20% on the first quarter of 2009 and contributed more than 80% of wholesale income, the bank said in its s…”
“Wholesale banking has driven Standard Chartered's growth in recent years and accounted for over 80% of group profit last year.”
“total revenues for the three months to 31 March fell by 1.8%.”
“The operating loss for the quarter was 37.8m euros, compared with a deficit of 74.8m for the same three months of 2009.”
“the Association of British Insurers (ABI) said it expected travel insurance companies to pay out a total of £62m to passengers affected by the delays caused by the ash.”
“This represented about 10% of the travel insurance market's income.”
“The bank said it made a profit of 2.2bn Swiss francs ($2bn; £1.3bn) in the first three months of the year.”
“That compares with a loss of nearly 2bn Swiss francs this time last year, when UBS was one of the banks worst hit by the sub-prime mortgage crisis.”
“The quarterly profit is UBS's highest for almost three years, and beats the 1.2bn Swiss francs it made in the last three months of 2009.”
“The bank's investment banking arm returned to profitability at the end of last year, following more than two years of losses.”
“Aer Lingus is the latest airline to quantify the effect of the disruption. It estimated that it lost about 20m euros ($26.3m; £17.2m) as a result of the stoppages.”
“Once in a while they managed to shake themselves free and lurch upwards (the Dow rose almost 3% in April), only to be dragged back by another crisis over whether Greece could survive without restructuring, default, and, whispered some, evi…”
“This was when the tide turned and eurozone ministers and IMF were galvanised into promising real action: the reality of a Greek collapse was too awful to contemplate. So reports emerged of a bail-out as high as $160bn and the markets calme…”
“So reports emerged of a bail-out as high as $160bn and the markets calmed down.”
“In the back of Chancellor Merkel and Nicolas Sarkozy's mind was the fact that French and German banks hold some 45% of Greek debt.”
“The equity markets, once they can convince themselves that the Greek problem is under control have enough good news to keep them happy for now. Companies in the Standard & Poor's 500 index have reported 76% higher operating earnings than a…”
“pushed the rate, or yield, that investors would receive on Greek bonds, to a punitive 15%.”
“ordered their bond traders to start work at 1am on Friday”
