Law and business: commercial news round-up 31.01.14

Last day of January, payday for many, Chinese New Year - today is packed with significant events! Add this to the agenda; your weekly dose of commercial awareness. Read and digest the following stories to improve your appetite for all things business:

• Labour would bring back the 50p tax rate if it were in power, Milliband pledged earlier in the week. Cue rumblings of discontent from some business leaders and the Conservative party (obviously).
• Recently published report shows that young people are coming to London, seeking their fortune (via a job), and never returning to their home towns.
• Good news! The UK economy is growing at its fastest rate since 2007. Osborne concedes, however, that “the job isn’t done”.
• Status update: Facebook is feeling [happy emoticon] as it rakes in advertising revenue, to the delight of investors. It is now second only to Google in the global advertising market.
• Warnings that massively increased court fees will drive international litigants away have come from those at the coalface – City litigation lawyers.

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