Nation’s ailing start-ups get fresh support November 29, 2011 GEORGE Osborne hopes to stimulate Britain’s flagging economic recovery with yet more measures to encourage wealthy individuals to back start-ups. He will extend the Enterprise Investment Scheme (EIS) to offer income tax relief of 50 per cent to individuals who invest up to £100,000 and to companies which provide backing of up to £150,000. The [...]
Cable’s boardroom reforms get cautious support from companies January 23, 2012 VINCE Cable’s plans to reform boardroom pay received a cautious backing from the City, although it was thought unlikely that the business secretary’s proposals would have a meaningful impact on actual pay levels. John Cridland, director-general of the CBI, said “executive pay must always be fair and transparent, and that high pay must be for [...]
WHAT DOES THE CHANCELLOR’S BUDGET MEAN FOR YOU? November 29, 2011 PWC’S BUDGET TEAM SAYS: The restricted rises in tube fares will help Catherine’s travel costs and so too will the fuel duty increases being less than expected. The bank levy increase from 1 January 2012 may hit Catherine’s clients in the financial services sector although they will be buoyed by the chancellor George Osborne’s reluctance [...]
50p rate taxpayers should utilise their fleeting allowance March 21, 2012 BUDGETS are rarely driven by economic sense. More often than not politics triumphs over clarity. And the coalition, like all previous governments, tried to manage expectations – threatening in the lead up to yesterday to tinker with the rules on additional rate taxpayers’ relief on pensions, only to leave the rules unchanged. As such, no [...]
Remember UK Plc’s vast contribution February 27, 2012 IT is sometimes argued, including by government advisers, that the state should promote small firms above large ones. These people even argue that small, insurgent entrepreneurs are morally superior to larger, more bureaucratic multinationals. I disagree, but I can see where they are coming from: I too would much rather work for a small, nimble, [...]
Osborne aims to reward the risk-takers December 6, 2011 BRITAIN’S entrepreneurs will have to prove their risk exposure to take advantage of a series of new tax breaks, according to draft rules published yesterday. The Treasury will allow larger firms to apply for venture capital trust and enterprise investment scheme (EIS) benefits from April next year, providing the plan meets European Union rules on [...]
Osborne aims to reward the risk-takers December 6, 2011 BRITAIN’S entrepreneurs will have to prove their risk exposure to take advantage of a series of new tax breaks, according to draft rules published yesterday. The Treasury will allow larger firms to apply for venture capital trust and enterprise investment scheme (EIS) benefits from April next year, providing the plan meets European Union rules on [...]
Eurozone’s bank sector is facing a wintry new year December 18, 2011 IT’S hard to be optimistic about European banks: they are operating in a highly volatile economic environment that still seems a recipe for trouble ahead. To start with, take rising capital requirements and mix with new liquidity standards. Then add in constrained economic growth alongside the need for future restructuring and significant cost cutting. Combined, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 30, 2011 Thomas Eggar The law firm has announced the appointment of James Letchford to its London property team as a senior associate. Letchford trained and qualified at Ashurst before spending six years at Nabarro, and will join Thomas Eggar’s London team, led by property partner Chris Baker. He has particular experience in sales, acquisitions, development, leasing [...]
Baby boomers make way for baby busters October 10, 2011 THE NEW generation of “baby busters” faces an uphill struggle to match the housing and pension wealth accrued by their “baby boomer” generation parents. “This is the legacy handed down by the early 1960s ‘baby boomers’ to the generation of students just starting at university,” according to the report published today by PwC. People born [...]