Piers Wehner

The global spending power of the, now elderly, baby boomer generation reach more than $1tn by 2020 according to research by Euromonitor.

Dozens of Conservative MPs are backing calls for VAT on hotels and tourist attractions to be cut in a bid to halt Ukip’s rise in seaside towns.

Leading insurers have written to Chancellor George Osborne saying it is critical that he finds another £500m for flood defences.

Debenhams will insist that its turnaround plan is working, even though City analysts expect it to report a fall in annual pre-tax profits of 28% on Thursday.

Troubled supermarket giant Tesco is expected to blame a small group of staff for deliberately misleading auditors over a £250m profits black hole.

Savers could pump as much as £50bn into housing in the next five years through buy-to-let crowd funding websites, according to the RICS.

The Earl of Cardigan has accused his son on ‘youthful greed’, after he agreed to sell Tottenham House near Marlborough to a developer for £11.5m.

Gated communities and apartheid-style separate entrances could become the norm unless more is done to promote social and ethnic mixing.

Russia has broadened its crackdown on McDonalds to more than 200 separate investigations in tit-for-tat reprisals over western sanctions.

Blackstone, the world’s biggest private equity group, has sought to reassure investors that it will be able to invest more than $42bn of unspent capital.

Ferrovial of Spain and Macquarie of Australia have joined forces to take over Glasgow, Aberdeen and Southampton airports in a deal worth £1.05bn.

The Marquis of Blandford became the 12th Duke of Marlborough yesterday after the death of his father aged 88.