Federal Reserve policy statement: Rate rise could come as soon as June as FOMC drops “patient” March 18, 2015 The Federal Reserve could raise historically low interest rates as soon as June after the central bank revealed it was moving away from a pledge to be “patient”. “An increase in the target range for the federal funds rate remains unlikely at the April,” said the Federal Open Market Committee's meeting statement, but leaving the [...]
Budget 2015 Beer duty calculator: How much tax will you save on a pint this year after Osborne’s 1p cut? March 18, 2015 Penny off a pint? George Osborne knows how to keep the pub-going public happy. For the third year in a row, the chancellor has cut beer duty, keeping the good times rolling for the pub industry. A single penny cut may not sound much, but breweries and pubs are toasting the news. Along with the [...]
Budget 2015 interactive: Friends of the north? Unemployment mapped in every constituency March 18, 2015 On budget day, George Osborne offered a hand to the north of England. The Conservative party would, he said, build a Northern powerhouse, and, in fact they had already started. Employment and jobs the chancellor added, have grown faster in the north of England than the south. ONS tables comparing the three months to the [...]
Budget 2015: Here’s why the Help to Buy Isa is a terrible idea March 18, 2015 One of the more eye-catching announcements in George Osborne's Budget was the unveiling of a "Help to Buy" Isa. Not leaked beforehand, Osborne said first-time buyers will receive a helping hand from the government to get on the property ladder. For every £200 saved by first-time buyers, the taxpayer will chip in another £50. Those who [...]
Budget 2015: How does the first time buyer Help-to-Buy Isa work? Here’s everything you need to know March 18, 2015 Poor saving returns, slow wage growth, and high house prices make getting on to the property ladder tricky. But there's finally some good news for prospective first time buyers, in the form of a "Help to Buy Isa" (Help-to-Buy-sa?), announced by the chancellor today. But how does it work? For every £200 an individual squirrels [...]
Budget 2015: “Saving revolution” as Osborne pledges first-time buyer Isa March 18, 2015 George Osborne unveiled a Budget aimed at helping savers, first time buyers and pensioners today, with measures including a "Help to Buy Isa". Under the new rules, the government will contribute £50 for each £200 saved by first-time buyers. Savers who put away £12,000 could stand to make as much as £3,000 Just before he [...]
Budget 2015 summary: Analysts, economists and think tanks give their verdict on Osborne March 18, 2015 George Osborne delivered a Budget stacked with facts, figures and policies intended to ward off Labour's cost of living offensive and get the electorate on side before May the reactions are already flooding in. Here is a sampling of analysts' reactions to the final set-piece event of the coalition government. BNP Paribas' Dominic Bryant gives [...]
Budget 2015: No more paper tax returns, but how will the new digital system work? March 18, 2015 Could the best thing from the 2015 Budget be the end of tax returns as we know them? In an announcement that had taxes as a central theme, George Osborne announced a new, digitised tax-returns system. From early 2016, gone will be the days of wading through paper tax returns – instead HM Revenue and [...]
OECD downgrades UK growth forecasts as it warns of storm clouds ahead for the global economy March 18, 2015 UK downgraded George Osborne may have spent his morning extolling the progress of the UK economy, but the Organisation for Economic Cooperation and Development (OECD) has downgraded its forecasts for the UK’s growth this year, dropping its expectations to 2.6 per cent, from 2.7 predicted in the November 2014 report. The change brings the prediction [...]
Brent oil falls below $53 on oversupply concerns March 18, 2015 Oil prices have been on a slippery slope since a brief rally at the start of this year, and it just got even greasier, after industry data out of the US fuelled oversupply concerns. Brent crude, which is the international benchmark, was trading down 0.9 per cent at $53 dollars per barrel today. Western Texas Intermediate, [...]