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David Prosser: Windfall tax won’t work

A windfall tax, however, will almost certainly not be it. As a titbit to be
anonymously thrown the way of public outrage, this idea has a huge amount
going for it. The levy seems to target fat-cat bankers head on and feels
credible, given the windfall tax on the energy sector that Labour levied a
decade or so ago.

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Mortgage rates fall back but 100 per cent deals are dead

Author: By James Daley

However, it is now only home owners who have a minimum 25 per cent of equity in their properties, who qualify for the best rates, with many first-time buyers having to pay much higher rates than they would have last year.

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Five year pledge on minimum wage

Author: By Alan Jones, Press Association

Gordon Brown told Labour’s conference that when the statutory rate increases
on Thursday, it will be 60 per cent higher than when it started a decade ago.

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David Prosser: Airports face a terminal decline

A decade ago, Ryanair would not have been able to take on Manchester by moving its business elsewhere. If thousands of passengers had been told their flights were going to be departing from airports hundreds of miles away, they would just have moved to rival airlines.

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House prices expected to rise amid shortage of properties

Author: By Nick Clark

The Royal Institution of Chartered Surveyors (Rics) will today say the balance
of its members who expect prices to rise rather than fall in the next three
months has climbed to 8 per cent, the highest reading since April last year.

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Hamish McRae: Manhattan re-examines its values after shattering blow to its wealth

New York, of course, is not America. Wall Street most certainly isn’t. Ahead of yesterday’s dire US jobs figures, at least, shares have just recorded their best quarter for more than a decade, though the previous quarter had been so utterly dreadful that most of what they were doing was recouping that lost ground. The Standard & Poor’s 500 index was up 17 per cent on the three months. But there are other signs, both in the statistics and the streets, that the economy is starting to stir again.

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