-
Plans for the European Commissioner to apply Solvency II pension funds have now been dropped, much to the approval of the Confederation of British Industry (CBI). The EU Commissioner Michel Barnier will now not include the measure in the review of the...
-
Labour will call for more long-term investment in the UK economy, following Ed Balls and Chuka Umunna's attendance at a seminar hosted by the London Stock Exchange and Sir George Cox. The seminar will discuss the findings of the study by Sir George and...
-
The estimate of 0.3% GDP growth in the first quarter of 2013 has been maintained following the Office for National Statistics' (ONS') second estimate. First estimates were produced towards the end of April, suggesting that the UK was set to avoid a...
-
53% of employers expect their pay budgets to increase by the end of 2013, a study from the Chartered Institute of Personnel and Development (CIPD) found. Furthermore, employers would like to see bonuses based on individual or company performance as a...
-
The International Monetary Fund (IMF) has said the UK is still a "long way from recovery" whilst also suggesting more should be done by the Government in order to combat the negative effects of the austerity policy with further infrastructure...
-
This month's Market Commentary from the Council of Mortgage Lenders (CML) claimed that an increase in total gross mortgage lending has been achieved, with a 4% rise on figures recorded in March. However, the CML has said that any meaningful comparisons to...
-
The Public Accounts Committee (PAC) has said that less than half of the projected savings from the reduction of fraud and error in tax credit payments will be achieved. A saving target of £8 billion was set by the government, but MPs say that HM Revenue...
-
The Office for National Statistics (ONS) has reported that lower fuel prices have contributed to a dip in the rate of inflation. The 2.4% inflation rate is lower than the 2.8% recorded in March, and lower than what was previously estimated. The ONS said that...
-
The Work and Pensions Committee has released a report which suggests that the Work Programme introduced by the UK Government will not help disadvantaged long-term unemployed people. However, the committee has acknowledged that the programme may work for...
-
HM Revenue & Customs (HMRC) has warned people who receive tax credits about the most recent email scam that is currently circulating. Phishing emails were reported by 22,000 HMRC customers during the tax credit renewal period between April and July last...
-
Prime Minister David Cameron has written to the leaders of overseas tax havens and urged them to "get our own houses in order" before the forthcoming G8 summit in June. It is expected that the summit will have a strong focus on tax avoidance and...
-
The Confederation of British Industry (CBI) has launched a new guide suggesting ways in which small and medium-sized enterprises (SMEs) can access alternative forms of financing, in order to encourage growth. The CBI suggests that asset-based lending, equity...
-
Around 3.5 million people paid too much tax in the last financial year and are therefore due rebates averaging between £350 and £500, HM Revenue and Customs (HMRC) has confirmed. In its end of year reconciliation process for the 2012/13 financial...
-
The revelation that Amazon paid less in corporation tax than it received in government grants last year has led to widespread condemnation from MPs. In 2012-13 the internet giant paid £2.44 million in corporation tax, which is less than the £2.5...
-
Reforming the way that council tax is set would help to boost the economy, according to a new report by the London Finance Commission (LFC). It claims that freeing London boroughs from "paternalistic" government interference and allowing them to set...
-
Luxembourg is resisting mounting pressure to sign an EU directive that would result in the compulsory sharing of tax information between member states. The country's tough stance means that a swift deal is unlikely unless finance ministers from other...
-
Chancellor George Osborne has urged EU finance ministers to sign a new tax directive that would represent a major step towards creating a global standard on tax information. In a letter sent ahead of today's meeting of the 16 eurozone finance ministers in...
-
The only way that the UK Government would devolve corporation tax powers to Northern Ireland is if it benefited the Treasury to do so, Mayor of London Boris Johnson has claimed. According to Mr Johnson, chancellor George Osborne would need to be convinced...
-
Prime Minister David Cameron has set out a series of challenges to restore "strong and sustainable growth" to the world economy, including the introduction of tougher tax transparency rules. A week after it was revealed that 100 UK organisations...
-
The UK's housing and debt crisis could be solved by introducing a Land Value Tax, according to the think-tank Class. A new study published by the organisation suggests that the tax should be levied on all land, except where it lies under people's...
-
A global tax evasion investigation has been launched by HM Revenue and Customs (HMRC) after it was discovered that 100 of Britain's wealthiest people have been hiding billions of pounds in secret offshore havens. A joint investigation by the Guardian, the...
-
Prime Minister David Cameron has stressed that he remains opposed to the idea of a European financial transactions tax, which he feels could harm the UK's financial services sector. Mr Cameron says that such a tax, which would discourage speculative...
-
The Local Government Association's (LGA's) calls for councils to be given the "full and unconstrained ability" to vary council tax discounts has been criticised by MPs, who claim it will result in people being hit with "stealthy tax...
-
The Government needs to provide greater clarity regarding its policies on corporation tax, in order to prevent confusion among the nation's companies, according to the Confederation of British Industry (CBI). It has argued that Prime Minister David...
-
British businesses need to do more to boost the transparency and understanding of their tax affairs, according to the Confederation of British Industry (CBI). A new statement of principles published by the CBI outlines how companies should conduct their tax...
