Leading think tank: only a full reversal of tax credit plans will help working families
Resolution Foundation – a UK think tank concerned with families on low to middle incomes – has argued that, if families with lower levels of income are to maintain an adequate living standard, planned tax credit cuts have to be fully scrapped.Continue reading
UK is the ‘go-to’ destination for new business
Britain’s economy is soaring past its European counterparts thanks to an employment boom, a major new report says today – but education and health standards are slipping to the bottom of the league table.Continue reading
National current account deficit ‘could be due to corporate tax avoidance’
According to Philip Lane, a professor of economics who is soon to become Ireland’s central bank governor, the UK’s current account deficit is potentially being caused by companies’ tax avoidance activities.Continue reading
UK’s manufacturing output surges to 16-month high
In October, British manufacturing output rose to 55.5 on the Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI), which represents the highest figure recorded for 16 months.Continue reading
Creative SMEs are a major boost to the economy
Small businesses in the creative and digital industries are an increasingly crucial part of the economy in the UK’s major cities, a new report has revealed.Continue reading
HMRC set for 45 per cent tax on repayment interest
HM Revenue and Customs (HMRC) is set to charge corporation tax to 45 per cent on any interest it has to pay back to taxpayers who initially overpaid the amounts they owed.Continue reading
Heseltine faces backlash over redundancy comments
One of the Prime Minister’s economic advisors has courted controversy after claiming that it was “as good a time” as any to be made redundant.
0.5 per cent third quarter growth means UK economy is slowing
According to the most recent information from the Office for National Statistics (ONS), economic growth for the UK was at a rate of 0.5 per cent for the period from July to September.Continue reading
New trade deals ‘will bring in £20 billion’ for a Britain outside the EU, according to report
According to the Government’s business department, the nation’s income would be given a £20 billion boost if it were to leave the European Union (EU).Continue reading
Bank of England boss enters EU debate
Bank of England boss Mark Carney has weighed into the debate over whether Britain should remain a member of the European Union.Continue reading
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