London has paid £15.1bn in property taxes December 13, 2016 London has paid a massive £15.1bn in property taxes according to the Organisation for Economic Co-operation and Development (OECD). New figures from the OECD show that the UK has the highest property taxes in the world, and London pays a fifth of the total collected. Read more: Top industry groups hit out at proposed changes [...]
UK businesses now owe £1.8bn in late corporation tax – an increase of 15 per cent since 2015 December 19, 2016 More businesses are struggling to pay their tax bills, as the amount of overdue corporation tax owed to the taxman continues to rise. According to Funding Options, an online aggregator for small business finance, the total value of corporation tax payments in arrears has risen 15 per cent in the past year, from £1.59bn to [...]
What got us talking this week – including the Autumn Statement, Syria, Black Friday and Arsenal’s injury crisis November 27, 2015 This week, we discovered we are all late-night, smartphone-using shopping addicts, as these three charts show. So sit back and relax, while we take you through what got us talking this week. George's marvellous medicine All eyes were on Westminster this Wednesday, as George Osborne delivered his Autumn Statement and Comprehensive Spending Review. In case you [...]
Jeremy Corbyn left red-faced after mixing up his economic bodies at PMQs November 30, 2016 Jeremy Corbyn has been mocked in the House of Commons after the Labour leader after mixing up two very different economic bodies at Prime Minister's Questions. Corbyn had been seeking to needle the Theresa May over lowered economic forecasts at the time of last week's Autumn Statement, but it all went wrong when May noted [...]
Crossrail Two can cushion London from Brexit slowdown October 6, 2016 London businesses have told the government they have “no room for complacency” when it comes to exit negotiations with the EU. As its quarterly confidence index sunk to its lowest level on record, the London Chamber of Commerce (LCC) said the government must “reduce uncertainty and boost business confidence”. Despite the fall in optimism over [...]
Autumn Statement 2015: George Osborne’s spending plans slammed by leading economists from the Institute for Fiscal Studies November 26, 2015 George Osborne’s spending plans have taken a hit from leading economists, who say it is unlikely that the chancellor will be able to keep his fiscal promises. The Treasury was forced to defend this week’s Autumn Statement and Spending Review announcements last night after the influential Institute for Fiscal Studies (IFS), an independent research institute, [...]
UK employment: Over a million more people will be in work by 2020 report OBR after today’s Autumn Statement November 25, 2015 Over a million more people will be in work by the end of the current parliament, the government’s fiscal watchdog has said. Based on its economic growth forecasts and the policies announced in today’s Autumn Statement, the Office for Budget Responsibility believes employment will rise to 32.2m by 2020. Read more: What analysts and business make [...]
Autumn Statement 2015: Great Britain Olympic hopes boosted with 29 pc increase to UK Sport funding November 25, 2015 Great Britain's medal hopes at next year's Olympics have been given a boost by George Osborne after the chancellor announced a 29 per cent increase in funding to the UK Sport budget. "I will help UK Sport, which has been living on diminishing reserves, with a 29 per cent increase in their budget," said Osborne, [...]
Autumn Statement 2015 roundup: From London Help-to-Buy to potholes, here’s everything the chancellor announced today November 25, 2015 There weren’t many surprises in today’s Autumn Statement – from housing to the Northern Powerhouse, we were fairly well-versed in the measures included. Indeed, shadow chancellor John McDonnell’s decision to quote Mao ZeDong in the Commons may have been more eyebrow-raising than any of George Osborne’s measures. Landlords once again found themselves punished, with a new three [...]
Autumn Statement 2015: How the analysts, businesses and think tanks reacted to the key points in George Osborne’s speech November 25, 2015 Chancellor George Osborne delivered his Autumn Statement and Spending Review speech to parliament today. He announced increased housing in inner cities, a sell-off of prisons to develop new homes, and more cash for affordable housing schemes. Read more: Osborne announces surprise u-turn on tax credits Here's what the analysts, business and think tanks think about Osborne's plans: What the analysts said: [...]