‘The world of Cat TV is more cut throat than you would ever imagine’ – inside the strange business of TV… for cats
Entrepreneurs will welcome Budget June 24, 2010 THE Emergency Budget was one of the most severe for decades, with some hefty tax rises – notably VAT – and cuts to public spending. Yet in spite of this, the chancellor made provisions to encourage growth and laid out initiatives to foster entrepreneurial activity. The extension of the enterprise finance guarantee (EFG) scheme will [...]
Q&A CURRENCY June 24, 2010 CAMILLA DELL MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, I am a London property developer and in light of this week’s Budget, what will the week’s announcements mean for the capital’s housing market? A.Well, the rise in capital gains tax (CGT) was far, far less than everybody expected, which is a great relief for those [...]
How Osborne’s budget affects the housing market June 24, 2010 THERE are not many ways to make a 10 per cent tax hike look business-friendly, but Chancellor George Osborne pulled off a neat trick this week by doing just that. Expectations of a massive capital gains tax (CGT) rise had been building since the Liberal Democrats, who had promised to raise CGT to close to [...]
IFS rejects Budget’s progressive claims June 23, 2010 THE Institute for Fiscal Studies (IFS) yesterday rejected chancellor George Osborne’s confident claim on Tuesday of a progressive Budget that would spread the pain across all sections of society but that the richest would contribute more than the poorest. James Browne at the IFS said yesterday that the fiscal consolidation measures announced by the coalition [...]
Budget score is 7 out of 10, say our panel June 23, 2010 GEORGE Osborne’s first Budget deserves a score of seven out of ten, our unique panel of London’s financiers and business professionals said yesterday. The City A.M./PoliticsHome.com Panel, which has been specially recruited to represent a cross section of London’s financial community, was also asked whether they thought the toughest fiscal consolidation in Britain’s peacetime history [...]
PM confirms public sector pensions cut June 23, 2010 THE PRIME Minister yesterday confirmed the pensions of existing public sector workers will be cut, as he defended the coalition Budget in a tetchy question and answer session with voters. Cameron said the bill for public sector pensions was too high and that schemes would become less favourable for existing members of staff as well [...]
THE TIPSTER June 23, 2010 TARGET A UK STOCKS RALLY ON THE FTSE 250 YESTERDAY’S sell-off could be another opportunity for investors to add to long positions of more UK-centric stocks. Following a Budget that was beneficial for UK companies, expect to see further gains, particularly given the announcement of a gradual reduction in corporation tax to 24 per cent [...]
THE BIG SQUEEZE June 22, 2010 Chancellor says steep hike in VAT to 20pc is unavoidable Banks relieved as £2bn levy is more lenient than expected Public sector braced for massive job losses as spending slashed Higher rate of CGT increased to 28pc – lower than feared Income tax break worth £200 for low and middle earners Headline rate of corporation [...]
At a glance: All the crucial points from Osborne’s emergency Budget June 22, 2010 THE ECONOMY/PUBLIC FINANCES • The Office for Budget Responsibility (OBR) published fresh forecasts in light of the measures announced yesterday by chancellor George Osborne. • GDP growth will be 1.2 per cent in 2010, accelerating to 2.3 per cent in 2011, 2.8 per cent in 2012 and 2.9 per cent in 2013. The pace of [...]
Great progress on the deficit – but far too many unnecessary tax hikes June 22, 2010 WE?were told to expect a tough Budget, with lots of pain, and that was exactly what we got. Many of the policies announced were necessary; others, however, are clearly misguided. On balance, however, this Budget will leave Britain in a stronger position –?not something that could usually be said of the previous government’s efforts. George [...]