Budget 2015: Take-home pay set to increase for UK workers March 18, 2015 Britain's workers will take home more of their income from April onwards, when the personal allowance goes up to £10,600. The amount that can be earned before tax is applied will increase again, to £10,800, in 2016, and then go up to £11,000 in 2017. For those paying the higher rate of tax, at [...]
Charities get boost from money brought in by bank Libor fines March 18, 2015 GEORGE Osborne donated £75m of the money brought in from Libor fines available to charities and causes in the Budget yesterday. He said: “In each Budget we have used the Libor fines paid by those who demonstrated the very worst values to support those who represent the very best of British values.” Many of the [...]
Cash devolved to four regions March 18, 2015 GREATER Manchester will be allowed to keep extra cash raised from business rates collected from local shops and businesses as part of a move by the government to create a “Northern Powerhouse”. The pilot scheme, announced in the chancellor’s Budget yesterday, will hand four regions including Cambridgeshire, Peterborough and Cheshire East, the power to retain [...]
Firms uncertain over tax relief March 18, 2015 SMALL businesses faced further uncertainty after the government said it will review a planned cut in tax relief on capital investments, with a decision not expected until the Autumn Statement in December. Industry groups has urged the chancellor to freeze the annual investment allowance at its current level of £500,000. The allowance for investments in [...]
Budget 2015: Google Tax gets green light as Treasury aims to reap £3.1bn in new avoidance clampdown March 18, 2015 The government pledged another tax clampdown yesterday, with the implementation of a so-called “Google tax” taking centre stage. The Treasury expects to raise £3.1bn over the next five years through the various measures announced. There has been ongoing concern in many quarters over what is perceived to be an unfair diversion of taxes by multinationals [...]
Budget 2015: Government to create its own property management company March 18, 2015 The government aims to copy the commercial sector by creating a property management body to oversee its estate and help meet its target of selling £5bn of land and property by 2020. Budget documents released alongside the chancellor’s speech said the government will take a more “commercially driven approach” in managing its estate. As part [...]
What does the chancellor’s Budget mean for you? From the single parent to the startup founder March 18, 2015 THE SINGLE PARENT Catherine Gannon, 51Managing partner at law firm Gannons Gannons Commercial Law continues to do well, with profits and earnings up on last year. Catherine is commercially savvy and has restructured the business from an LLP to a limited company, illustrating that she is a smart operator in a segmented legal market. [...]
Budget 2015: George Osborne plays to the crowd with a populist plan March 18, 2015 Despite the chancellor promising not to pull a rabbit from the hat, there were in fact plenty of Budget bunnies to be seen this year. With the UK now growing ahead of its major international competitors and an General Election coming up so soon, it’s clear that George Osborne felt confident enough to splash out [...]
City Moves for 19 March 2015 | Who’s switching jobs March 18, 2015 DLA Piper Sam Szlezinger has been appointed partner in the law firm’s competition team, part of its litigation and regulatory group. He joins from Dentons, where he has been a partner since 2001. Szlezinger advises on EU and UK competition law matters. Intelligent Energy The energy technology group has appointed Sarah Wojcik as head of [...]
Best of the Brokers for 19 March 2015 March 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com NMC HEALTH Numis reiterated its “buy” rating on the Abu Dhabi-based healthcare company. The broker said the firm’s “solid 2014 performance across all assets” provides a strong base for the company, and added that costs, including wages, are under “good control”, with newly [...]
