Think-Tank Call for Purse Strings to be Loosened
The leading think-tank, the Organisation for Economic Co-Operation and Development (OECD) have suggested that the government should consider borrowing more to pay for vital infrastructure projects, in a bid to stimulate the UK’s economy.
Following last weeks news that the UK had fallen ba
Former Cabinet Minister Calls For Tax Cuts
A leading Tory MP, John Redwood, has called for the Chancellor, George Osborne, to slash taxes to help drag Britain out of recession.
The former Cabinet minister has called for “Gordon Brown” levels of income and capital gains tax to similar levels; following the release of data earlier t
Optimist Manufacturing Data At Odds With Double-Dip Recession
According to the most recent CBI survey, manufacturing output showed modest growth in the first three months of the year, amid a general feeling of optimism, which is somewhat at odds with data from the Office for National Statistics (ONS) which indicated yesterday that the UK was back in recession.
Economy Slips into Double-Dip Recession
Official figures released earlier today by the Office for National Statistics have shown that the UK has slipped back into recession – the country’s first double-dip recession since the 1970s.
The latest figures have shown that during the first quarter of 2012, the economy shrank by 0.2 p
Government Borrowing Hits Target
Official figures show that although the government, despite borrowing more than expected last month, have still managed to hit their borrowing target over the year.
The Office for National Statistics have revealed that during March, public sector net borrowing, excluding interventions suc
Treasury Demand Monthly Spending Reports
Chief Secretary to the Treasury, Danny Alexander, is set to outline changes in a speech later today, which will see Whitehall’s spending subjected to greater scrutiny by the Treasury.
As part of the Treasury’s “fiscal discipline” plans, to tighten financial management of government depart
Chancellor Feeling Pressure of IMF
The Chancellor, George Osborne is said to be under increasing pressure from the International Monetary Fund (IMF) to provide more loans to help global economies which are in trouble.
Finance Ministers from the G20 Group of leading economies have met in Washington to discuss boosting the I
Tax Evaders With Secret Accounts Face Higher Penalties
Under a revised deal signed yesterday (April 18th 2012), tax evaders with secret accounts in Switzerland will pay more than originally planned to legitimise their holdings.
Revenue and Customs have demanded that Switzerland increase the maximum one off penalty imposed from thirty-four per
Committee’s Budget Report Slams Government
A report issued by the Treasury Select Committee, which has been published today (April 18th 2012), has been highly critical of last month’s budget; claiming that the estimates used by the Chancellor to justify axing of the fifty-pence top tax rate are “highly uncertain”.
The Treasury Sel
UK Inflation Rate Rises
The inflation rate within the UK rose during March, as a result of higher food and clothing prices, reinforcing expectations that the Bank of England will not provide further stimulus for the economy.
According to the Office for National Statistics, the Consumer Price Index (CPI) rose fro
UK Economy to Stall
An independent forecasting group has claimed that although the UK has avoided a double-dip recession, the economy is set to stall for the next twelve months.
According to the group, although the Bank of England’s monetary policy measures have boosted confidence, big businesses need to fue
UK Set for Decades of Tax Increases
The Organisation for Economic Cooperation and Development (OECD) have forecast that the UK faces decades of tax increases and spending cuts, if it wants to bring the national debt under control.
A recent study carried out by the OECD, whose findings were published yesterday, highlighted t
Chancellor to Back Down on Charity Tax
Following heavy criticism from cabinet ministers and senior Tory MPs, it has been reported that the Chancellor, George Osborne, could soften his blow to charities in regard to his proposals on introducing a cap on tax relief for donations.
During the budget in March, the Chancellor announ
Taxpayers Not Benefiting from Public-Private Partnerships
A joint study by the Association of Chartered Certified Accountants (ACCA) and Manchester Business School has concluded that British taxpayers are “rarely” benefiting from public-private partnerships (PPP).
The report from the joint study, which is set to be published later today, has rev
Chancellor to Target Millionaires
A confidential study by HMRC has revealed that some of the country’s richest are using aggressive avoidance schemes to reduce their income tax rate to an average of ten percent – less than half the level paid by the average taxpayer.
Following the study, the Chancellor George Osborne is s
“Tax Bombshell” to Hit Families
It has been revealed that tax and benefit changes which come into force from tomorrow are set to affect millions of families across the UK.
The changes, which were announced over the last eighteen months and have been described as a “tax bombshell” include a reduction in the income limit
Big Society Fund Launched With £600 Million Investment
A new £600 million financial institution is set to be launched, to help fund the Prime Minister’s “Big Society”.
The Big Society Capital, which will fund the new scheme, will use a mixture of money from dormant bank accounts and main High Street lenders to fund investment in charities and
Economy Needs Radical Measures
The British Chambers of Commerce (BCC) have warned that the government needs to take “radical” steps to assist British businesses, and to kick-start the UK economy.
Despite an "encouraging" pick-up in growth in the first quarter of the year, which means the UK will likely dodge
Conflicting Predictions For UK Economy
Depending on what you read and who wrote it, the UK economy will either contract in Q1, taking the country back into recession, or enjoy a small amount of growth.
The Organisation for Economic Co-operation and Development (OECD) is saying that there will be an annualised contraction of 0.
- Think-Tank Call for Purse Strings to be Loosened