Autumn Statement 2014: George Osborne could pull a small rabbit out of the hat November 30, 2014 STAMP DUTY George Osborne could choose to reform stamp duty on Wednesday – a crowd-pleasing policy that wouldn’t have to hit Treasury coffers hard. The most likely option for the chancellor would be to change the slab-like structure of the tax by only charging a higher rate on the amount spent over each threshold, rather [...]
NHS: George Osborne to promise an extra £2bn of funding November 30, 2014 Chancellor George Osborne is expected use his Autumn statement on Wednesday to announce an extra £2bn funding for frontline NHS services. It is anticipated that Osborne will pledge extra funding from April next year, according to the BBC. In a speech to parliament on Wednesday, when he will deliver exact details on its [...]
Airports call for George Osborne to scrap air passenger duty or risk losing jobs to Scotland November 27, 2014 Airports in the north of England have appealed to the chancellor to scrap air passenger duty (APD) in his Autumn Statement next week, following the announcement yesterday that Scotland will be free to get rid of the tax as part of devolution plans. Three key airports in the north have all made appeals to [...]
Labour’s VAT jibe is political hot air, George Osborne won’t bite November 26, 2014 It’s that time of year again folks. The Christmas adverts have taken root on our TV screens and Marks and Spencer has its “tastefully festive” album playing in store. That’s right, the Autumn Statement is just around the corner and boy what a stocking full of goodies the chancellor is preparing to give away this [...]
George Osborne under fire for seven day current account switching service timidity November 25, 2014 George Osborne is expected to tweak the seven day current account switching scheme to iron out some of the wrinkles in the system, in his Autumn Statement next week. But the changes did not go nearly far enough to open up the market to competition, the Yorkshire Building Society said. And consumer group Which? also called [...]
Ditch the structural deficit: Why Osborne has struggled to hit this moving target November 24, 2014 FALL-OUT from the Autumn Statement next week is likely to focus heavily on the slowdown in deficit reduction. Borrowing has been £3.7bn higher this year so far compared with last, and it looks unlikely that George Osborne will hit his fiscal target for 2014-15. But the key number the media will focus on is the [...]
Autumn Statement 2014: What free marketeers want from George Osborne and what they’re likely to get November 24, 2014 With the Autumn Statement just a week away, George Osborne is already being inundated with suggestions on how to boost growth and cut the deficit. The CBI has already weighed in with its suggestions, including raising the threshold for employee National Insurance Contributions and cutting business rates. Britain's unemployment rate may have dropped like a [...]
Autumn Statement 2014: This is what the CBI wants George Osborne to deliver November 24, 2014 What will George Osborne get out of his red box when he delivers the Autumn Statement next week? The CBI got off the starting block early with its wishlist, asking for a range of measures to boost British business, including better infrastructure around Stonehenge and business rates reform. Here's what the group businesses wants to [...]
As public borrowing remains high, is Osborne’s failure to tackle the deficit a cause for concern? November 23, 2014 David Kern is chief economist at the British Chambers of Commerce, says Yes. October’s public finance figures have provided further evidence that the government’s plan to reduce Britain’s deficit in the current financial year is unlikely to be realised. It’s a major concern that the deficit has remained unsustainably large since the crisis, and progress [...]
George Osborne calls off challenge to EU bankers’ bonus cap November 20, 2014 The UK government has withdrawn its legal challenge to the EU bankers’ bonus cap, George Osborne admitted today. The chancellor admitted the challenge was “unlikely to succeed” after an advisor to the European Court of Justice rejected the UK government’s argument. The EU legislation limits bonuses to 100 per cent of a banker’s [...]