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The famous red briefcase had its annual outing this week when George Osborne announced the UK’s budget for 2012. Osborne was keen to portray Britain as a welcoming home for investors, labelling the budget “unashamedly pro-business” whilst slashing corporation tax by two percentage points and cutting the top-rate of income tax from 50p to 45p. However, it was Osborne’s proposals regarding pensioners that generated the most controversy, with Thursday’s press dominated by criticism of Osborne’s alleged “granny tax” – a controversial freeze on tax allowances for pensioners.

This week George Osborne unveiled his budget; Steve Webb received pensions plaudits; and Andrea Orcel and Jonathan Moulds departed Bank of America.

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David Thomas

Bank of America

UK crypto firms face capital, insider trading rules under FCA crackdown

Will new rules finally bring certainty to UK crypto?

FCA fines Barclays £40m over Qatari fundraising

Proskauer Rose hires John Goldfinch after A&O Shearman drink-driving exit

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US law firm adds finance partner after A&O Shearman departure

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

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Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

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Brokerages seeking to meet the growing global appetite for U.S. stocks are extending their timetables.

Welcome to the World of 24-Hour Stock Trading

Donald Trump’s pick for Treasury secretary has been a fierce defender of his activist approach to trade.

Scott Bessent Sees a Coming ‘Global Economic Reordering.’ He Wants to Be Part of It.

Green industrial policy is failing in Europe, a warning to the next Trump Administration.

Northvolt’s Bankruptcy and the EV Crash

Atos has received a non-binding offer from the French government to acquire its advanced computing activities for an enterprise value of around $521 million.

Atos Jumps on French State Bid for Advanced Computing Business

Atos Shares Jump on French State Bid for Advanced Computing Business

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

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