BLOOMBERG President Joe Biden’s nominee to lead the World Bank called on private-sector lenders to increase efforts to fight poverty across world, citing the need for trillions of dollars in lending that public institutions alone can’t meet. The World Bank needs to leverage its current balance sheet and maximize existing resources, but the total resources of development banks are in ...

BLOOMBERG Chancellor of the Exchequer Jeremy Hunt will hand business a three-year tax break worth about £11 billion by replacing the UK’s most generous ever investment allowance with a temporary measure in next week’s budget, according a government official with knowledge of the matter. Corporation tax rises from 19% to 25% in April, when the so-called super-deduction also expires, a ...

BLOOMBERG Before this year, Dan Boardman-Weston hadn’t bought UK government bonds in more than a decade. Now yields close to 4% are putting short-dated gilts on his radar. New investors like Boardman-Weston, who runs BRI Wealth Management, are a boon for Chancellor Jeremy Hunt. He’s expected to focus the UK government’s bond sales on closer maturities when he unveils the ...