Lord Lawson says the UK should ditch corporation tax and replace it with a Trump-style border tax March 1, 2017 Former chancellor Lord Lawson has suggested the UK ditch corporation tax altogether, replacing it instead with a Donald Trump-style border tax. In an interview with Sky News today Lawson, a prominent Brexit campaigner who earned a reputation as an enthusiastic abolisher of taxes during his time as chancellor, said corporation tax should be replaced with [...]
Spring Budget 2017: What should chancellor Philip Hammond’s headline promise be tomorrow? March 7, 2017 Sam Dumitriu, head of projects at the Adam Smith Institute, says scrap a tax: Not all taxes are created equal, but almost all deter productive activity. Philip Hammond should look to Lord Lawson’s stint where he abolished at least one tax every Budget and took an axe to top marginal rates. So where should he [...]
Budget 2017 UK: “T-Levels” shake-up for young people’s technical training promised by Philip Hammond March 8, 2017 The government is promising to invest fresh cash in preparing young people for the new global economy with investment in technical training. Chancellor Philip Hammond confirmed the new £500m plans he called "game-changing" in his Spring Budget on Wednesday. The radical overhaul of post-16 education will see a dizzying array of 13,000 different qualifications whittled down [...]
George Osborne’s new job as Evening Standard editor will be scrutinised by parliament watchdog the Committee on Standards in Public Life March 19, 2017 George Osborne's surprise new job as editor of London newspaper the Evening Standard will be scrutinised by MPs. The Committee on Standards in Public Life, the watchdog which holds those in public life to account, will officially review the appointment in light of the former chancellor remaining an MP for Tatton, the Sunday Times reports. Read more: [...]
Councils will be offered £2bn to help fight off a crisis in the UK’s social care provision March 8, 2017 Local authorities will be offered up to £2bn over the next three years to help meet the cost of social care. The funding was announced by chancellor Philip Hammond earlier today with £1bn of cash set to arrive in 2017-18. Local Government Association chairman Lord Porter welcomed the announcement, saying the funding represented “a significant [...]
Bullish Hammond warns the UK will “fight back” if unable to secure a Brexit deal March 5, 2017 Chancellor Philip Hammond has warned European member states the UK "has a fighting spirit" and will not "slink off as a wounded animal" if Brexit talks collapse. Prime Minister Theresa May will fire the starting gun on negotiations later this month, and Hammond today warned that Britain will do "whatever it takes" to remain competitive. [...]
Top City grandees and politicians come out against London Stock Exchange merger February 23, 2017 Forty top eurosceptics from the worlds of business and politics have come out against the London Stock Exchange's proposed £21bn mega-merger with Deutsche Boerse, calling for the deal to be blocked until after Brexit negotiations. They say the deal, which is currently being evaluated by the European Commission, is a risk the government should "not be [...]
Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
Exclusive: Apprentice star Lord Sugar says “Labour is dead”, Amazon should pay more in business rates and no one understands Brexit March 7, 2017 Apprentice star Lord Sugar has slammed Jeremy Corbyn for "destroying the Labour party". Speaking exclusively to City A.M., the billionaire entrepreneur said: "I think Jeremy Corbyn is totally useless and he’s destroyed the Labour party. It’s finished. It’s dead. They’ve got to find a new leader. "They need to kick him out but he’s so belligerent he [...]
Budget 2017: The government’s promised £500m to get young people into higher paying jobs in technical training shake-up March 5, 2017 The government is promising to invest £500m a year in technical training for young people to ensure they have the high level skills needed by businesses in the future, in a huge shake up designed to boost the country's productivity. The radical overhaul of post-16 education will see a dizzying array of 13,000 different qualifications whittled [...]