An extra £50million raised from tax crackdown on private landlords
Officials at HM Revenue & Customs (HMRC) have said that a campaign encouraging private landlords to pay the tax they owe has raised an additional £50million.Continue reading
Cannabis legalisation worth millions – government report
Legalising cannabis would raise “notable tax revenue” and “lead to overall savings to public services”, an internal-Treasury report has concluded.Continue reading
Report suggests major changes to help SMEs
A leading think tank has made the case for a massive shake-up of the UK’s banking system, arguing that a new network of regional banks should be established nationwide.Continue reading
“Tougher years ahead” EY Item Club predicts
Britain’s economy faces “tougher years ahead” and interest rates are likely to remain on hold for another year, a leading forecaster has said.Continue reading
Bank of England to scrutinise George Osborne’s new bank levy
The Bank of England is set to examine the Chancellor’s plans to impose a new tax on banks, admit concerns that it may actually reduce competition in the sector.Continue reading
Global economic growth forecast cut by the IMF
The International Monetary Fund (IMF) has taken the decision to lower its previous forecast for worldwide economic growth following a number of significant changes.Continue reading
Britain bucks the trend with second-fastest level of growth among major nations
Britain is among a handful of shining lights in the global economy this year as the world sees the slowest period of growth since the depths of the financial crisis, according to the International Monetary Fund.Continue reading
Chancellor announces that local councils can keep business rates worth £26 billion
At the Conservative Party conference yesterday, Chancellor George Osborne announced that local authorities across England will have the right to keep all proceeds they collect from business rates in their area.Continue reading
UK Government is set to sell £2 billion Lloyds Bank stake to the public
The Treasury has announced that the Government intends to sell its remaining 12 per cent stake in Lloyds Bank to private investors, which will see shares worth a minimum of £2 billion changing hands.Continue reading
Apprenticeship target causes consternation
Some of the UK’s leading business groups have raised concerns about the Government’s aim to create three million apprenticeships in the space of five years.Continue reading
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