Football stars face a tax bill crackdown January 16, 2011 ENGLAND footballer Wayne Rooney is amongst Premier League stars under scrutiny from tax inspectors for avoiding thousands of pounds in tax. A crackdown on more than 50 players was sparked after HM Revenue & Customs found some stars had been using complex legal loopholes and accountants to legally avoid paying the 50 per cent top [...]
CBI says government must support long-term investors January 16, 2011 THE government needs to reconsider regulation and taxation rules to encourage more long-term investment, says Britain’s largest employers’ group. The CBI is today calling for the government to focus on reforming investment guidelines and promoting the UK as a place to invest for domestic and foreign companies. In its submission to the Business Innovation & [...]
Mappin & Webb seeks to become Lord of the Rings January 16, 2011 LUXURY jeweller Aurum Holdings has posted strong Christmas trading results, despite taking a significant hit due to extreme weather conditions. The company, whose portfolio includes high street retailers Mappin & Webb and Goldsmiths, saw like-for-like sales for the five weeks to January 9 increase by 14.5 per cent. The results were boosted by a soaring [...]
Firms frustrated by tax laws January 16, 2011 Business owners are so frustrated by tax laws they would pay to have them simplified, according to a new research. Well over half (57 per cent) of business owners surveyed by the Forum of Private Business said they would be willing to pay more tax in exchange for a simplified system – providing the system [...]
London to let for Royal Wedding January 16, 2011 One in four London homeowners are considering competing with hotels during the weekend of the Royal Wedding, according to a survey from property website PrimeLocation.com. In a survey, 24 per cent of Londoners said they would considering letting out at least one spare room for the big day. On average, home rentals would be £38 [...]
BoE credibility at risk over inflation January 16, 2011 THE Bank of England’s credibility could be on the line tomorrow if UK inflation spikes even further above expectations. Economists expect consumer price index (CPI) inflation for December to approach 3.5 per cent, when the figure is released tomorrow by the Office of National Statistics (ONS). And price pressures could see inflation hit twice the [...]
Cash injection for the UK economy could risk deflation January 16, 2011 AN INJECTION of cash into the UK economy through quantitative easing could risk the economic recovery and lead to deflation. Fathom Consulting has warned a fresh round of quantitative easing (QE) could become self defeating, as higher headline inflation, without an increase in higher wages, would ultimately be deflationary. Analysts warned a fresh injection of [...]
Item: UK to grow 2.3pc January 16, 2011 GROWTH in the UK economy will be 2.3 per cent this year, slightly ahead of independent data from the Office for Budget Responsibility (OBR) last November, which set growth at 2.1 per cent, according to the Item report from accountancy firm Ernst & Young. Despite the relative optimism, Item said the Bank of England must stand [...]
ECONOMISTS’ VIEWS: HOW HIGH WILL INFLATION RISE? January 16, 2011 PHILIP SHAW | INVESTEC “There is a worrying inflation outlook in the UK. Our forecast is looking for a rise to 3.5 per cent for December, and it seems likely that inflation will exceed the four per cent level later this year.” HOWARD ARCHER | IHS GLOBAL INSIGHT “The data is expected to showthat annual [...]
HAMMOND BACKS FUEL DUTY DISCOUNT January 16, 2011 Transport Minister Philip Hammond said yesterday he supports the introduction of a fair fuel stabiliser – which reduces duty on fuel at times of high prices – “in principle”. His remarks comes amid government suggestions it will discount fuel prices for drivers living in remote rural areas.
