Tycoon accused of taking 300m from British investors faces freeze on assets after failing to build luxury homes Former bankrupt David Ames could be forced to stop trading this weekLegal papers will be lodged to freeze the assets of Harlequin PropertyCompany paid tennis star Pat Cash to appear in its promotional materialHarlequin Property failed to make interest payments to investors By Russell Myers and Sharon Churcher PUBLISHED: 22:00 GMT, 2 March 2013 | UPDATED: 02:01 GMT, 3 March 2013 David Ames is alleged to have collected millions of pounds for ambitious building projects in the Caribbean and Brazil A businessman accused of taking 300 million of British investors’ money – and failing to build thousands of luxury properties – could be forced to stop trading this week. Former bankrupt David Ames is alleged to have collected millions of pounds for ambitious building projects in the Caribbean and Brazil, but less than 300 properties have so far been built
Ditch austerity Boris tells Osborne amid fears the economy is heading towards a trip dip recession Office for National Statistics announces negative growth for final quarter of last yearResults mean there was no growth overall for the whole of 2012 Nick Clegg admits government was wrong to cut funding for big building projects, damaging jobs and growth Boris Johnson says it is time to 'junk the rhetoric of austerity'IMF chief economist says the Chancellor should use the Budget in March to 'take stock' and change courseExperts warn of longest depression in living memory , which meant there was no growth overall last year” class=”blkBorder” /> The Office for National Statistics said the economy shrank by 0.3 per cent in the last three months of 2012, which meant there was no growth overall last year Construction grew by 0.3 per cent, but not enough to make up for sharp drops in the last year In a very public challenge to mainstream Conservative policy, London mayor Mr Johnson warned that the ‘hair-shirt’ agenda set by the Chancellor and gloomy remarks from the Bank of England threaten hopes of a recovery. And in a sign of coalition tensions over the flatlining economy, Nick Clegg made clear the Liberal Democrats will demand higher capital spending on infrastructure projects in the next public spending review – a shot across Mr Osborne’s bows. IMF chief economist Olivier Blanchard said the Budget in March would be a good time to slow the pace of austerity The slump rounded off the worst four-year period for the British economy, excluding the aftermath of war, since the 1830s.
Economy SHRANK by 0.3% at the end of 2012, raising fears of a triple-dip recessionOffice for National Statistics announces negative growth for final quarter of last yearResulsts mean there was no growth overall for the whole of 2012 Nick Clegg admits government was wrong to cut funding for big building projects, damaging jobs and growth Boris Johnson says it is time to 'junk the rhetoric of austerity'IMF chief economist says the Chancellor should use the Budget in March to 'take stock' and change course , raising fears of a triple-dip recession. The figures are a devastating blow to David Cameron and George Osborne who were last night seen dining out in the Davos ski resort hours after being told of the grim economic figures.
Now we ARE all in it together: Osborne puts 400,000 middle-class workers into 40% tax band, squeezes benefits and orders 1bn raid on higher earners' pensions Mr Osborne targeted workers at top, middle and bottom of financial heapHardest hit by measures will be top 10% and bottom 10% of earnersEconomy predicted to shrink by 0.1% in 2012 according to statementSchools given discretion to raise teachers' pay if they perform wellExtra 5bn to be used for infrastructure projects including 100 new schools | UPDATED: 23:26 GMT, 5 December 2012 George Osborne targeted workers at the top, middle and bottom of the financial heap yesterday with a raft of money-saving measures. He ordered a tax raid on higher earners’ pensions, warning that Britain is only a third of the way through its age of austerity. He dragged 400,000 more workers into the 40p tax rate by raising the earnings threshold by just one per cent – below the rate of inflation