Opinion divided over HMRC’s restructure
HM Revenue & Customs yesterday announced a major restructure, which will see 137 local offices replaced with 13 regional centres.Continue reading
New Government infrastructure body created to aid economic recovery
Yesterday, the Government announced that the new Infrastructure and Projects Authority will take over the remits of Infrastructure UK (IUK) and the Major Projects Authority (MPA), following a merger.Continue reading
UBS chairman: City would get ‘favourable deal’ in event of Brexit
The chairman of one of Europe’s biggest banks has said that if the UK decided to leave the European Union it probably wouldn’t deal a major blow to London’s status as one of the world’s top financial hubs.Continue reading
TUC: number of two-hour commutes grows due to ‘soaring house prices’
Due to rising UK house prices and rents, a growing number of employees cannot afford to live near their place of work, according to the TUC.Continue reading
UK economic recovery continues but pay rises ‘will be small’
A Chartered Institute of Personnel & Development (CIPD) survey has highlighted that, despite continued growth in the UK economy, employees’ salaries will only go up by an average of two per cent during the next 12 months.Continue reading
HMRC’s response to offshore tax evasion “woefully inadequate”
Embattled officials at HM Revenue & Customs (HMRC) have faced further flak for not doing more to tackle offshore tax evasion.Continue reading
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
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