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 [...]
George Osborne’s challenge: Will he make his mark as a tax reformer? July 2, 2015 Next week’s Budget is a big opportunity for George Osborne – now he’s able to shape public spending and tax policy free of the constraints of coalition politics. One of his Budget themes should be tax reform. In the 70 years since the end of the Second World War, there have been 22 chancellors of [...]
Martin Sorrell’s WPP heads to Cuba as part of Latin American expansion plan July 2, 2015 Communications giant WPP is about to set up shop in communist-led Cuba – an unprecedented step among the world's major advertising agencies. Read more: Cuba woos US banks as sanctions ease The company, set up by Sir Martin Sorrell in 1971, has partnered with state-owned Palco Group to make the move, which marks the [...]
Jeroen Dijsselbloem: There will be no negotiations if Greece votes no in the referendum July 2, 2015 Greece's creditors will not negotiate with its leaders if voters reject their bailout terms in a referendum to be held on Sunday, Eurogroup president and Dutch finance minister Jeroen Dijsselbloem has warned. At a parliamentary committee, Dijsselbloem called the idea there could be further talks after a "no" vote an "illusion" which must be "swept [...]
BBC to cut more than 1,000 jobs to cover £150m licence fee losses July 2, 2015 The BBC will cut over 1,000 jobs due to a £150m shortfall in its licence fee income, director Lord Tony Hall has confirmed. Read more: BBC loses Olympic broadcast rights as Eurosport signs £922m deal With the number of households owning television sets falling as audience's consumption practices change, the broadcaster's income from license fee subscriptions [...]
PGA distances itself from Donald Trump following Mexican rapist comments July 2, 2015 If Donald Trump ever pens an account of his bid for the Republican presidential nomination, "How to Lose Friends and Alienate People" might be a book title worth borrowing. Read more: Donald Trump sues Univision for $500m over Miss USA beauty pageant The eccentric billionaire and golf lover has now found that he may not even [...]
David Cameron is heading for turbulence over Heathrow July 1, 2015 Sir Howard Davies did Prime Minister David Cameron no favours yesterday when he recommended building a third runway at London’s Heathrow Airport, a proposal that Cameron had previously ruled out with “no ifs, no buts.” Davies’ conclusions shoved Cameron into yet another political firestorm, with pressure mounting last night from senior members of his own [...]
George Osborne under pressure to tweak bank levy in July Budget July 1, 2015 Self-fulfilling prophecy, wishful thinking, fantasy economics: call it what you will, but the prospect of George Osborne fulfilling the desires of Britain’s banks in next week’s Budget is, to say the least, remote. Misplaced expectations that the chancellor would announce a review – or even the abolition – of the bank levy in his [...]