Announcements


2010 UK Budget Date Announced

The UK Chancellor of the Exchequer confirmed today that his Budget Report Statement to the House of Commons will occur  on Wednesday the 24th March 2010 at 12.30 pm.
news source:  http://www.hm-treasury.gov.uk/budget2010.htm

Contactless arrives for business customers

Barclays has become the first bank in Europe to launch commercial contactless debit cards to its business customers. From March, all Barclays Business customers receiving new or re-issued cards will find that they come with contactless technology as standard. This enables them to pay for low value transactions by holding the card over a reader, [...]

Alistair Darling confirms return to 17.5 percent VAT on January 1st 2010 in Pre-Budget Report

The UK Chancellor of the Exchequer,  Alistair Darling, introduced a temporary lower rate of VAT in last year’s pre budget report.
There was some speculation that he might have extended this reduction beyond the original term. However, in today’s pre-budget report statement to the House of Commons, he said:
I can confirm that VAT will return to [...]

No Sacred Cows in Pre-Budget Report Please - British Chambers of Commerce (BCC) Economic Forecast - December 2009

British Chambers of Commerce (BCC) Economic Forecast - December 2009
Ahead of the Chancellor’s Pre-Budget Report, the British Chambers of Commerce (BCC) has today published its latest Economic Forecast. The business group, which calls itself “the National Voice of Local Business”, has made downward revisions to its GDP expectations for 2009 and 2010, but is more [...]

What is Google Wave?

Google Wave Protocol was demo’d at the 2009 Google IO Conference in May this year.
You can see the long developer’s demo video. But, below is a shorter introduction to this new radical concept that may, one day, become a replacement to ‘traditional’ email.

There is one key aspect of Wave that the video (above) does not [...]

Unconditional Talks Will Bring Postal Dispute to End Says Union

The Communication Workers Union today (Friday) again reiterates the offer of unconditional talks at ACAS to bring the postal dispute to an end. Royal Mail has so far not taken up this offer but it will remain open.
Dave Ward, CWU deputy general secretary, said:
We have six days before any further strike action would take place. [...]

Report of Insurance Industry Working Group

The Insurance Industry Working Group (IIWG) today published its report into the medium and long-term challenges facing the insurance industry.
The group was set up in October 2008 to look at the challenges and opportunities facing the UK Insurance Industry. It is co-chaired by Chancellor of the Exchequer, Alistair Darling and Andrew Moss, Group Chief Executive [...]

Up to 5.2 Million Hours Wasted By London Commuters Due To Tube Strike

London workers spent an additional 1.3m hours getting to work on the morning of Wednesday 10th June alone due to travel disruptions caused by the Tube Strike, equivalent to 188,000 lost working days. A survey of 1,000 Londoners, commissioned by Citrix Online, found that 33% of London-based employees were disrupted by the strike by London [...]

Quantitative Easing - Bank of England Increases Size of Asset Purchase Programme by £50 Billion to £125 Billion and Maintains Bank Rate at 0.5%

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by £50 billion to a total of £125 [...]

Chancellor Alistair Darling Announces 50 percent tax on higher earnings

The UK Chancellor of the Exchequer, today, announced the government’s mid-term economic forecasts and their tax and spending plans.
Amongst the measures, he announced a 50% rate of tax on incomes above £150,000.
…However, as the economy recovers and wages start to grow again, it is right that we take additional steps.
I believe that it is fair [...]

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    Rwanda has huge ambitions to grow itself out of poverty and become a middle income country by the year 2010, to become an information technology and business hub for central and eastern Africa. Rwanda, poor though it still is, hopes to set an example that it is possible to do proper business here in Africa. Peter Day reports. Producer: Richard Berenger Ed […]

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