Financial Guides
Share this..
Related stories
UK government to tax frequent fliers
The UK government has announced plans to increase the tax burden on those who make use of the airline industry on a regular basis. Lord Turner, the chairman of the government's committee on climate change, has issued a report which will anger and dismay many in the UK business arena. It appears, yet again, that the business arena and those on higher incomes in the UK will be subjected to more "ind...
Read MoreGovernment red tape has cost UK businesses dear
It has been alleged that red tape has cost UK businesses over £77 billion in the last decade. The accusation is aimed solely at the UK government which has introduced a number of new levels in the regulation of businesses and business markets as well as significant taxes and additional "hoops to jump through". Despite various assurances from the UK authorities that red tape would be cut and lost...
Read MoreWhat will Alistair Darling do next week?
We are already starting to see various leaks in the financial press regarding the pre-budget report which will be announced by Alistair Darling next week. Despite the fact that Parliament is supposed to be the place where the pre-budget report is announced, there have been various well-placed leaks in the press this week and we will see more next week. So what can we expect to see? There is alr...
Read MoreAnother Day Another Darling U-Turn
Who would want the job as Chancellor when it seems month after month he is forced into more and more embarrassing u-turns while his lord and master Gordon Brown steps aside and lets him take the flak?
This week is likely to see Alistair Darling ditch plans to tax UK based companies on their world wide passive income, e.g. intellectual property rights, etc after a major backlash from...
Debenhams launches first divorce gift list
In what is thought to be the first "gift list" of its kind, Debenhams will today launch a "divorce gift list" with more and more couples celebrating their divorces with greetings cards and parties. In what is most certainly a sign of the times in the UK we seen the likes of Heather Mills and Jordan grabbing the headlines with over the top celebrations after their divorces have been confirmed. T...
Read MoreGovernment budget under great pressure
When you consider that during April and May corporation tax income was down a significant 27% to just £5.2 billion, VAT was down 21% to £11.9 billion and income tax came in at just £21.1 billion which was also a significant fall of 14%, UK public finances are not looking good. These figures on their own are bad enough but when you also consider that social security benefits rose 8% to £13.5 bi...
Read MoreUK banks to be hit by US banking levy
It has been revealed that UK banks are expected to foot a tax bill of around $10 billion after the introduction of a banking tax on all US banking operations. While some of the largest UK banks will have significant penalties to pay under the new system these have been shrugged off as "manageable" and unlikely to impact upon the short to medium term performance of UK banking operations. While i...
Read MoreUK government under attack from economic think tank
The National Institute of Economic and Social Research has today rejected Alistair Darling's claim that he can half the UK budget deficit by 2013/14 and indeed it has also called into question his promise to reduce government debt. After carrying out a review of the government's tax and spending plans for the short to medium term the Institute believes he will fall well short of his 50% budget def...
Read MoreUK government to tackle benefit cheats
The UK government believes that in excess of £5 billion a year is milked from the UK benefit system by fraud and benefit cheats. As a consequence, the UK government is set to introduce credit rating agencies and private surveillance companies to monitor potential fraud in the system. When you consider the amount of money at stake there are few who can really complain at the UK government's attemp...
Read MoreAuthorities looking at alternative to taxpayer bailout
Governments and regulators around the world are set to discuss future banking bailouts which will not depend upon taxpayer money to support the system. When you consider that the UK banking bailout alone has literally cost hundreds of billions of pounds there is a need to put safeguards in place to cover any similar situations in the future. But what are the options? The UK government has stepp...
Read More