After all, statistics can be spun in any way we wish. However, the GDP figures that are so prominently in most economic statements from politicians seem to be one of the least efficient and reliable to be measuring the state of the economy.
The recent economic turmoil in Greece, Italy, Spain and Ireland would “no doubt have placed a heavy burden on both expat and UK investors”.
Vince Cable’s reference to tax havens as ‘sunny places for shady people’ at the Lib Dem’s conference, hits upon one of the hotly debated tax issues of the year. Monaco has been in the press a great deal over the past week – m
European banks have admitted they have a cost problem, and must now show skeptical investors they are doing all they can to lead a profitable life without the crutch of bloated jobs, bonuses and business lines.
They’re tired of losing money so now is the time for specialised money management, argues the Asia chief of ABN Amro’s private bank, Hugues Delcourt.