Liberal Democrats call for extra £1bn bank levy to pay off deficit March 1, 2015 Plans to tax Britain’s banks should be lifted with an additional £1bn levy in order to help pay off the deficit, will be announced by the Liberal Democrats today. Danny Alexander, chief secretary to the Treasury, is making a bid to have the proposal included in the chancellor’s Budget later this month. If it is [...]
North Sea tax break for oil firms expected in next Budget February 25, 2015 The Chancellor is likely to announce new tax breaks for North Sea oil firms in his upcoming Budget. George Osborne met industry body Oil & Gas UK yesterday to discuss the future of the offshore oil and gas sector. The group’s chief executive Malcolm Webb said he came away from the meeting feeling “encouraged”. [...]