Changing Course

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PENSION TRAPS (& LOOPHOLES FOR HIGH EARNERS)

Jul 1, 2009
Reading Time: 2 mins

IF you are a UK worker earning more than GBP100,000 it may be worth dragging your eyes away from the sports or fashion pages for ten minutes to think about your pension contributions. The Budget in April reduced the tax relief available on pensions to those earning over GBP150,000 from 2011. The UK tax authorities have put in place measures to avoid people chucking loads of money into their pensions in the meantime in order to get round the change

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UAE PROPERTY PRICES

Jul 1, 2009
Reading Time: 2 mins

A UAE property developer says that speculators are still “driving” the market. Another great press release euphemism that, but it's pretty hard to swear in writing nowadays with Orwellian firewalls censoring our every blasphemy.

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WISTA LOOSE IN LONDON

Jul 1, 2009
Reading Time: 2 mins

LONDON is preparing to host one of the shipping events of the year: the 2009 conference of the Women's International Shipping & Trading Association. WISTA, led by international president Marita Scott, is going from strength to strength. Spinnaker Consulting employs several WISTA members and we support its role in maritime career development, fostering industry expertise, and networking.

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THE SOUTH SEA BUBBLE – READ IT AND WEEP

Jul 1, 2009
Reading Time: 3 mins

All through history, one subject appears again and again. How to make a lot of money quickly! The first recorded case in England was that of a State Lottery in 1569. The tickets were on sale at the west door of St. Paul's Cathedral in London. The name of the winner is not recorded. In 1720 the whole of England became involved with what has since become known as The South Sea Bubble.

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MARKET COMENTARY – JUNE 2009

Jun 1, 2009
Reading Time: 2 mins

Question One: What were the five biggest economic crashes in history before this one? Question Two: What is a sudden influx of freight research and analysis vacancies? a) A coincidence? b) A trend? c) Green shoots of recovery?

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DUBAI STIMULUS

Jun 1, 2009
Reading Time: 1 mins

Dubai officials are looking at reducing visa fees and allowing 100% ownership of businesses outside its free zones in an effort to stimulate economic activity, according to Emirates Business 24/7.

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UK IMMIGRATION RULE RELAXED

Jun 1, 2009
Reading Time: 1 mins

UK Border Agency announced that individuals who applied for and were granted entry clearance (or leave to remain in the UK) under the “Highly Skilled Migrant Programme” (HSMP) can now apply for Indefinite Leave to Remain (ILR)

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RECRUITMENT BY COMMITTEE

Jun 1, 2009
Reading Time: 1 mins

EMPLOYERS in many sectors are showing a reluctance to make hiring decisions unless all managers are in complete agreement. Doesn't sound so strange but when times are hard decision-making tends to rise up the organizational hierarchy, individuals are less willing or able to stick their necks out and we seek the safety of consensus.

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