George Osborne says emergency July Budget will see £12bn welfare cuts July 5, 2015 Chancellor George Osborne has said that he has identified all £12bn of welfare cuts that he needs to make as part of the government’s plan to balance the budget in three years. “We have found that £12bn of savings in welfare that we said we’d be able to find,” Osborne said yesterday in an [...]
Labour’s largest donor endorses far-Left candidate Jeremy Corbyn July 5, 2015 Britain’s biggest trade union and the Labour party’s largest financial backer is supporting left-wing candidate Jeremy Corbyn in the race to replace Ed Miliband. Corbyn, who has been the MP for Islington North for more than two decades, is seen as the most radical choice from a slate of candidates which also includes fellow MPs [...]
Labour leadership race: Jeremy Corbyn wins Unite backing, Andy Burnham second favourite of Britain’s biggest union July 5, 2015 Jeremy Corbyn has won the backing of Britain's biggest union in the contest to become the next leader of the Labour party. Unite's executive committee has voted to support the left-wing candidate who is seeking to replace Ed Miliband. The union, which lent support to Miliband in the last leadership race, also voted for Andy [...]
July Budget 2015: BBC must “make a contribution” to welfare cuts, says George Osborne on Andrew Marr Show July 5, 2015 The BBC “can make a contribution” to the costs of free television licences for the over-75s, George Osborne has said, responding to reports that the broadcaster would be required to stump up millions of pounds to keep the pensioner benefit going. The fee is currently paid by the Department of Work and Pensions (DWP) but under [...]
July Budget 2015: Make investments easier through tax reforms to create “equity economy”, business leaders urge George Osborne July 5, 2015 George Osborne must make radical changes to the tax system to unlock the investment potential of millions of Brits and inject growth into the economy. The chancellor's Budget, due on Wednesday, should include ambitious reform of the tax system to encourage people to buy a stake in businesses and create an "equity economy", the Institute of [...]
July Budget 2015: George Osborne to cut housing welfare for higher earners July 5, 2015 George Osborne plans to cut housing welfare for those earning higher wages in a move that is expected to raise £250m a year for the Treasury. Those earning more than £30,000, or £40,000 in London, and living in Local Authority or Housing Association properties will have to pay the going market rent, the chancellor will [...]
Greek referendum: European markets dip as court prepares to rule on referendum July 3, 2015 European markets closed down today as Greek court prepared to rule on the legality of Sunday's referendum on creditors' bailout conditions. Read more: Even pro-Europeans admit the Greek crisis has been disastrous for the EU The FTSE 100 closed down 0.67 per cent, while Germany's Dax closed down 0.37 per cent and France's Cac was 0.57 [...]
July Budget 2015: Chancellor George Osborne plans to crack down on non-doms July 3, 2015 George Osborne wants to clamp down on non-doms in his July Budget, a move which could raise £5bn by cutting tax evasion and aggressive tax avoidance. Read more: Non-doms pay £6bn in income tax and Labour's ban could damage the UK's ability to attract entrepreneurs In a political statement suggesting the rich will shoulder some of [...]
Ukip leader Nigel Farage gets tough on Brexit: “David Cameron’s attempts at renegotiation are embarrassing” July 3, 2015 “By all accounts, Cameron got to say something at the renegotiation summit when the coffee was served. And as soon as he started to speak, Hollande went out for a pee, which shows you how seriously it was taken,” scoffs Ukip leader Nigel Farage. The renegotiation summit to which Farage refers took place last week [...]
One minute’s silence planned at midday for Tunisia attack victims, with Queen and David Cameron leading the silence July 3, 2015 Britons up and down the country will take part in a one minute's silence today to remember the 38 people who were killed in the attack on a beach in Tunisia last week. The Queen will lead the silence, which will take place at midday, with the Duke of Edinburgh at the University of [...]