Game developers hit out after tax breaks scrapped June 22, 2010 THE video gaming industry hit out last night after the Budget unexpectedly slashed tax credits promised by the previous government. Former chancellor Alistair Darling had promised to move the sector into line with the film industry, which receives generous tax breaks, although the details had not been ironed out. Osborne said: “We will not go [...]
Green Investment Bank gets go ahead in Budget June 22, 2010 THE government pledged to flesh out its plans for a Green Investment Bank to encourage funding for low carbon technologies. The project, which was included in Alistair Darling’s last Budget, will attempt to remove barriers to an environmentally sustainable economy. The Budget report said: “The government will put forward detailed proposals on the creation of [...]
South Korea hold on to book place in the last-16 June 22, 2010 NIGERIA(2) VS SOUTH KOREA(2) SOUTH KOREA held on for a hard-fought draw against Nigeria to secure second place in Group B and a last 16 tie with Uruguay on Saturday. The Koreans have never progressed past the first round stage outside of their own country and were made to hold on for their lives as [...]
Royal Mail will receive cash boost June 22, 2010 George Osborne yesterday announced the government will seek a cash injection for the Royal Mail Group. The chancellor said he would press ahead with “long overdue” plans to attract private investment in the flagging institution. However, the announcement fell short of some predictions that the national postal service would be floated on the London Stock [...]
IPT hike branded a tax on the prudent June 22, 2010 THE higher rate of insurance premium tax (IPT) — which applies to travel insurance and extended warranties — is set to rise to 20 per cent from 17.5 per cent. In addition to this, the standard rate — which applies to most general insurance — will rise to six per cent from five per cent. [...]
Dowson and Barritt get Tour chance June 22, 2010 ENGLAND manager Martin Johnson has handed Phil Dowson and Brad Barritt their first international starts in today’s clash with New Zealand Maori. Both Northampton No8 Dowson and Saracens centre Barritt were late arrivals to the tour Down Under, having been promoted from the Churchill Cup-winning Saxons. But they are set to get their chance in [...]
Austerity won’t lead to a double-dip June 22, 2010 RESEARCH DIRECTOR, FOREX.COM JANE FOLEY The pivotal question in the run-up to yesterday’s emergency Budget was whether it would knock the economy into a double-dip recession. This debate had been raging for months – indeed, the Labour Party campaigned hard on the assertion that too much austerity too soon could tip the economy back into [...]
FOOTBALL TRADER BEN CLEMINSON TAKES A LOOK AT TODAY’S FINAL ROUND OF MATCHES IN GROUP C June 22, 2010 ENGLAND’S goalless draw against Algeria was dismal enough, but it was the manner of the performance which was most disturbing and the squad will really have to pull together if they are to gain the win against Slovenia that is so desperately needed. The Slovenians have made a fairly decent start to the tournament, but [...]
US stocks dragged down by poor housing figures June 22, 2010 US stocks fell more than one per cent in yet another late-day selloff yesterday as unexpectedly poor housing figures and the puncture of a key technical level sapped buying interest. Stocks marked time in a thinly traded session until the S&P 500 fell through its 200-day moving average, which had been a basis of support [...]
Budget brings down bank shares but delay in VAT rise gives retailers a boost June 22, 2010 WEAKER commodity stocks pulled Britain’s top share index lower yesterday, while retailers got a lift from the first emergency Budget from Britain’s new coalition government after an expected valued added tax rise was delayed. At the close, the FTSE was down 52.1 points, or 1.0 per cent, at 5,246.98, having hit its highest closing level [...]
