Autumn Statement 2015: George Osborne’s speech transcript in full including stamp duty, business rates and corporation tax announcements November 25, 2015 Mr Speaker, this Spending Review delivers on the commitment we made to the British people that we would put security first. To protect our economic security, by taking the difficult decisions to live within our means and bring down our debt. To protect our national security, by defending our country’s interests abroad and keeping our [...]
General Election 2015: Tories confident they can win a majority without Lib Dem support May 5, 2015 Senior Conservatives hit back at the Liberal Democrats yesterday, insisting they can win an outright majority without the help of their current coalition partners, as members of all major parties feuded over possible post-election deals. With just two days to go until the General Election and polls pointing to a hung parliament, chancellor George Osborne [...]
George Osborne challenges Ed Balls to say sorry over HSBC Swiss tax evasion scandal February 23, 2015 Chancellor George Osborne hit back at Labour over HSBC’s Swiss private bank yesterday, arguing that the wrongdoing took place and the taxman received the leaked documents under Labour, not the Tories, and Lord Green was given an advisory job by Gordon Brown. It comes after a fortnight of Labour accusing Osborne of failing to act [...]
How can Yvette Cooper and the Labour party reset their relationship with business? May 19, 2015 Labour leadership candidate Yvette Cooper caught the attention of the City yesterday when she said that she wanted to consign the party’s anti-business image to the scrapheap. Distancing herself from Labour’s former leader Ed Miliband, who stepped down following the party’s severe defeat in the General Election, Cooper said Miliband had made a “mistake” by [...]
Labour ups the HSBC pressure on George Osborne over tax evasion row February 17, 2015 Labour’s Ed Balls has increased the pressure on George Osborne in the HSBC tax evasion row, calling on the chancellor to answer key questions. Labour are attempting to up the ante on Osborne, who has barely been seen over the course of the eight-day-long political row. HSBC’s Swiss branch is accused of helping customers evade [...]
Parliament returns: Six MPs business needs to know about May 18, 2015 Parliament meets today for the first time since the Conservatives swept to a shock victory in the General Election. Over the next few days the key focus will be chancellor George Osborne's pledge to deliver a new budget "for working people" before the summer recess. But who has the fate of British business in their [...]
Mark Carney says talk of cut to interest rate is overblown March 10, 2015 Bank of England governor Mark Carney yesterday implied that talks of a cut in interest rates nearer to zero were overblown. He also ruled out cancelling government debt held by the Bank to reduce the headline figure. Policy makers will “look through” falls in energy and food prices that would keep inflation below target this [...]
Why it’s public sector productivity George Osborne should worry about June 30, 2015 Improving the UK’s lagging productivity record is a hot topic among economists and politicians at the moment. Next week, the chancellor is likely to produce a productivity plan alongside his Summer Budget, which is set to find additional savings and enshrine budget surpluses into law, all without raising the rates of income tax, national insurance [...]
Labour could cut pensions tax relief to fund tuition fees reduction February 21, 2015 Labour is planning a possible tax raid on pensions in order to fund a cut in tuition fees, it has emerged. Ed Miliband is planning to cut tuition fees from £9,000 to £6,000 if Labour wins this year’s General Election, but will need around £2bn a year to fund the scheme. According [...]
Referendum opponents must now get behind the push for EU reform May 10, 2015 Not many people predicted Thursday’s monumental shift in the political tectonics, least of all the people paid to make the predictions, the pollsters. But there was one politician who foresaw the total collapse of the Liberal Democrats that contributed so largely to the Tory majority we have today. The result means that very same politician [...]