The Government should consider giving businesses a series of “targeted and modest” tax cuts to boost growth, according to the CBI.They specifically call for a simplification of taxes on carbon emissions and a lower raise in air passenger duty, in the belief that these changes will create new growth opportunities.…
In January the Government was left with its highest monthly surplus in four years following a fall in local government an a rise in tax reliefs.This meant that a net repayment of £7.75 billion, excluding financial interventions, was made last month - indicating that the Government could be on track…
Yesterday Lloyds announced it was cutting £2 million in bonuses from bank executives.While this action was taken to penalise them for mis-selling of payment protection insurance (PPI), it is likely to cause much comfort to customers as each individual will still be left with a substantial salary (as well as…
The shadow chancellor has suggested that the Government offers tax cuts when it releases the Budget next month. Ed Balls believes that a VAT cut, a 3p income tax reduction and moving forward plans to increase personal allowance to £10,000 could help to boost the economy. So is this the best…
Previously on a Bdaily blog I covered the issue of Mike Ashley renaming Newcastle United’s historic St. James’ Park stadium, now known as The Sports Direct Arena.
Yesterday, the signs were ripped off St. James’ Park, cue a similar reaction from fans to the November announcement which has been portrayed in…
Banks must change or be prepared to be changed, according to the Office of Fair Trading (OFT).A number of investigations have previously taken place into how banks treat their customers, but under current plans, the OFT has pledged to overhaul competition within the industry once and for all?But is this…
Welfare reforms were on the agenda earlier this week, when the House of Lords overturned ministers proposals to change the system.While plans to cut payments to tenants with a spare bedroom and capping benefits at £26,000 a year per household are well meaning, could the £100 million which the exemptions…
Yesterday ratings agency Moody’s put the UK on a negative outlook, the biggest threat yet to the UK’s AAA credit rating. This has resulted in renewed criticism of the Chancellor’s austerity measures, but George Osborne refused to backtrack, stating that Britain “can’t waiver in dealing with our debts”. But is this way…
One survey has predicted that the UK will avoid a double dip recession, but two others have suggested that the economy is set to worsen again.So what should we believe? While it can be helpful to look at economic forecasts, when they are vastly different is there any point, and…
Last week was National Apprenticeship Week, through which the Government attempted to promote the benefits of apprenticeships to both young people, and employers. There has been much debate around how apprenticeships are regarded, and how employers can be incentivised to take on apprentices. What do you think about apprenticeships: are they a…
