Local authorities cracking down on those who don’t pay council tax June 28, 2015 Local authorities across England are cracking down on people who do not pay their council tax, as the national council tax debt rises to more than £2.5bn, according to research out today. A new report from the accountancy firm Moore Stephens found that 32 per cent of local authorities in Great Britain used bankruptcy [...]
HMRC looks to shut down thousands of businesses due to unpaid tax bills June 28, 2015 HMRC applied to shut down 3,000 businesses last year to meet unpaid tax bills, according to research released today by online finance market Funding Options. The tax authority was successful in gaining court orders to wind up 1,887 businesses over their tax debts, a four per cent rise from 2013’s 1,816. Once a business is [...]
CBI: Regulation costs are top concern in City June 28, 2015 Financial services firms overwhelmingly want the government to cut the cost of regulatory compliance, according to a new survey out today. The latest CBI/PwC financial services survey found firms’ number-one concern was reducing the cost of complying with regulations. Tax stability was another popular concern, especially among general insurers and investment managers, according to the [...]
Professional salaries jump amid scramble for the brightest talent June 28, 2015 Demand for professional staff climbed strongly in May, with sharp growth in both job vacancies and average salaries. Professional recruitment firms had 13 per cent more jobs on their books than in May 2014, the Association of Professional Staffing Companies (Apsco) said today. Opportunities were up the most across IT, engineering and finance with year-on-year [...]
July Budget 2015: Small business group wants tax reform June 28, 2015 British small businesses are calling on chancellor George Osborne to reform and simplify the tax system in next week’s emergency budget. The Federation of Small Businesses (FSB) has asked the government to “widen the scope of reform to radically simplify the tax system and improve incentives to encourage investment”. The small business group praised the [...]
Greece debt crisis: Here’s what the analysts say about the plan to close all Greek banks June 28, 2015 Today, the European Central Bank announced it will not increase emergency loans for Greek banks after Prime Minister Alexis Tsipras called for a surprise referendum on a reform deal. Huge sums of cash were withdrawn from ATMs across the country yesterday, and this has prompted Greece to close all its banks on Monday while [...]
Greek debt crisis: Banks will be closed on Monday as capital controls are imposed June 28, 2015 Greek banks will be closed tomorrow, Prime Minister Alexis Tsipras has said, while capital controls are put in place, Read more: Take enough cash to Greece, Government advises British tourists He would not confirm the length of time they will remain closed for, but said Greek deposits were safe. The decision follows the European [...]
Greek debt crisis: IMF head Christine Lagarde says Eurozone is “in strong position” June 28, 2015 The head of the International Monetary Fund has expressed confidence in the Eurozone's ability to manage the ongoing Greek debt crisis. Christine Lagarde said Europe is in "a strong position to respond to developments in a timely and effective manner, as needed" in a statement, following the Greek government's backing of a referendum on a [...]
Greek debt crisis travel advice: Take enough cash to Greece, government advises British tourists June 28, 2015 The government has advised British holidaymakers travelling to Greece that they may be faced with limited access to banking services as the country's bailout negotiations flounder leaving banks under pressure supply the country with cash. The Foreign and Commonwealth Office (FCO) has updated its advice to travellers, with a specific warning that access to banks [...]
Greek debt crisis: ECB will maintain ELA emergency loan support to Greek banks June 28, 2015 The European Central Bank (ECB) will keep supplying Greece with emergency loans to keep the country's banks running after Greek PM Alexis Tsipras called a surprise referendum on its latest bailout deal. “We continue to work closely with the Bank of Greece and we strongly endorse the commitment of Member States in pledging to take [...]