Budget Headlines : VAT cut to continue until December
VAT cut to continue until December
Share this..
Related stories
Talk of windfall tax on UK banking bonuses
With many US and UK banks set to release hundreds of millions of dollars for employee bonus schemes, it looks as though both US and UK regulators could step in and consider a windfall tax on excessive bonus payments. The UK government has for one been very proactive in this particular field and the word in the city is that the Treasury is already looking at the situation to see what can be done. I...
Read MoreReform think tank recommends 1 million public-sector jobs cuts
The Reform think tank has today issued a report which recommends that the UK government should reduce employment numbers within the public sector, specifically the NHS and the police, by 1 million in order to save £27 billion a year. The 15% reduction in headcount is a number which no political party is willing to commit to because ultimately it could be a significant vote loser as we approach th...
Read MoreUK bankers lobby Chancellor to drop 50% bonus tax
Some of the U.K.'s most senior bankers have joined forces to lobby the UK government into dropping the proposed 50% bonus tax in exchange for a combined contribution, on a voluntary basis, of £2 billion from the UK financial sector. This is set to cause some problems for the UK government as the proposed bonus tax is forecast to bring in around £550 million in its one-off year against a proposed...
Read MoreDown on his luck and down in the polls, Gordon Brown attacks the city
Gordon Brown has today joined the attack, yet again, on the UK banking sector and threatened to cap future bonuses in the industry. The move, which many believe is purely and simply a way to divert attention away from other issues in the UK ahead of the next Labour Party conference, appeared to indicate that bonuses will be capped in the future, but this has not been clarified with any real founda...
Read MoreThe threat of inflation
As we see a number of UK mortgage providers revisiting their figures and increasing their interest rates, it seems as though the threat of inflation is about to hit the UK. Only weeks after the threat of deflation it looks as though the UK economy may have turned a corner, although any significant boost in the short term could feed the monster that is inflation. So what does this mean for mortgage...
Read More