Politics & Legislation


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

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 [...]

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 [...]

Over three million people to be affected by historic council overhaul

Today marks the biggest shake-up in local democracy in one single day since the seventies - when 44 councils will be replaced by just nine serving over 3 million residents.

From the tip of Cornwall to the coast of Northumberland, this move will boost services, cut red tape and waste and capitalise on stronger leadership and [...]

Capita/IBS merger could damage competition

The Competition Commission (CC) has provisionally concluded that the completed acquisition by Capita Group plc (Capita) of IBS OPENSystems plc (IBS) could damage competition in the market for the supply of revenues and benefits software to local authorities in the UK.
Before the merger, both Capita and IBS sold revenues and benefits software, which is used [...]

April fuels day increase

From tomorrow, 1 April, UK families will start to pay on average an additional £54 a year in tax on car fuels, the AA warns. In just over 12 months, that could rise to more than £150 extra. Millions of motorists may think this increase is being sneaked through before the Budget.
The Chancellor had postponed [...]

Competition Commission publishes final decisions in BAA market inquiry

The Competition Commission (CC) will require BAA to sell both Gatwick and Stansted as well as either Edinburgh or Glasgow.
In its final report on BAA’s ownership of seven UK airports, published today at http://www.competition-commission.org.uk, the CC also stipulates that BAA must sell all three airports within two years. They are to be sold in sequence, [...]

Business, Enterprise and Regulatory Reform (Berr) outlines automotive assistance programme details

Business Minister Ian Pearson spoke to manufacturers and key people from automotive sector  to explain  how to apply to the Automotive Assistance Programme.
The Government’s £2.3 billion scheme (that helps coordinate loans and loan guarantees) has been cleared by the European Commission and they are inviting applications.
The European Commission is the executive branch of the [...]

IPO review looks to reduce trademark and patent costs for businesses

The cost of trademark fees and services could be reduced following a new review The Intellectual Property Office (IPO) announced today (March 9). This will be done with a public consultation.
Reduced fee packages and new support services could mean business save up to £700,000 per year. The aim is to help businesses register trademarks more [...]

Advertising

RSS World Business News

RSS Peter Day's World of Business

  • GlobalBiz: Rwanda (part1): African Ambitions: 08 Mar 10 March 8, 2010
    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 […]

RSS Money Box