Autumn Statement 2014: This is what the CBI wants George Osborne to deliver November 24, 2014 What will George Osborne get out of his red box when he delivers the Autumn Statement next week? The CBI got off the starting block early with its wishlist, asking for a range of measures to boost British business, including better infrastructure around Stonehenge and business rates reform. Here's what the group businesses wants to [...]
As public borrowing remains high, is Osborne’s failure to tackle the deficit a cause for concern? November 23, 2014 David Kern is chief economist at the British Chambers of Commerce, says Yes. October’s public finance figures have provided further evidence that the government’s plan to reduce Britain’s deficit in the current financial year is unlikely to be realised. It’s a major concern that the deficit has remained unsustainably large since the crisis, and progress [...]
George Osborne calls off challenge to EU bankers’ bonus cap November 20, 2014 The UK government has withdrawn its legal challenge to the EU bankers’ bonus cap, George Osborne admitted today. The chancellor admitted the challenge was “unlikely to succeed” after an advisor to the European Court of Justice rejected the UK government’s argument. The EU legislation limits bonuses to 100 per cent of a banker’s [...]
The European Court of Justice has dealt a blow to George Osborne’s banker bonus cap challenge November 20, 2014 The European court should reject George Osborne's challenge to the EU's cap on banker bonuses, according to one of its senior advisors. Niilo Jääskinen, an advocate general at the European Court of Justice's (ECJ), has said that all the UK’s pleas should be dismissed and that the action should be scrapped. He said that the [...]
Osborne waives VAT for Band Aid 30 November 17, 2014 GEORGE Osborne has promised to waive VAT on the latest Band Aid 30 charity single. The move means all of the money raised by the song, out today, will go to charity to tackle Ebola. Organiser Bob Geldof, who is working with artists like Ellie Goulding described the gesture as amazing.
How should George Osborne spend the £1.1bn forex fine? 38 Degrees launches “Nurses vs Bankers” NHS petition November 14, 2014 We had a go at suggesting a few ways George Osborne could spend the £1.1bn windfall from the fine the Financial Conduct Authority slapped on five banks for the parts they played in the forex scandal, and now it's the turn of campaigning organisation 38 Degrees. But where our ideas could have sent us into [...]
HMRC, FCA and PRA tell George Osborne they’ll work more closely together to share information at regular meetings after Banking Standards Review November 14, 2014 Financial regulators and HMRC have outlined plans to work more closely together in the wake of the government investigation into banking standards. The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) will hold regular meetings with HMRC to better share information and expertise on “taxation, regulatory, prudential and consumer implications” that result from policy [...]
David Cameron and George Osborne give Aldi thumbs up after 35,000 jobs pledge November 10, 2014 It's not just bargain hunting shoppers and those looking for the best tipple who love Aldi – now the Prime Minister and chancellor have told the world of their love for the German grocer. David Cameron and George Osborne today welcomed the news that Aldi has pledged to create 35,000 new jobs in the [...]
George Osborne accused of “spin” and “smoke and mirrors” after claims of halving £1.7bn EU bill November 8, 2014 George Osborne heralded successful negotiations to halve the £1.7bn bill demanded by the European Union as a “result for Britain” yesterday, however his claims have been criticised as “spin” and “smoke and mirrors” by rival political parties. The EU had set a deadline of 1 December for the UK to pay up. This has now [...]
“Result for Britain”: UK’s £1.7bn EU bill halved and payment deferred, says chancellor George Osborne November 7, 2014 George Osborne has negotiated to halve the £1.7bn bill being demanded by the European Union, adding that the rules are to be changed so “this never happens again”. The chancellor had travelled to Brussels to get the surcharge, which was calculated by statistical authority Eurostat, dropped. The government had spoken out against the [...]