Trade of the Week: Shorting the shortcrust

The row over the new UK tax on pasties and sausage rolls created an appetising opportunity for savvy pre-Budget traders

The pasty has long been a staple of the English culinary canon, but last week this cherished buttery treat was elevated to an altogether new status: a potential money-spinner.

Few people watching Chancellor George Osborne' speech on Wednesday 21 would have imagined that the humble pasty would come to dominate the post-Budget debate, but the Chancellor of the Exchequer's attempt to impose an additional stealth tax on a selection of hot, takeaway foods achieved just this.

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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global ClienteleExternal link

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele