George Osborne has reached agreement with seven Whitehall departments on savings ministers want to make in 2015.
Category: News Wire
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Hotel and restaurant boom helps economic recovery
CBI quarterly survey shows hotels, bars and restaurants have enjoyed biggest rise in trade in almost six years
Marks & Spencer under fire over online tax arrangements
Retailer accused of scheme in which goods shipped to Europe from UK are invoiced to Irish subsidiary at lower rate
Vince Cable urges British business to explore non-bank funding
British businesses should look for funding outside the banking sector, Business Secretary Vince Cable has said, marking the latest effort to generate growth among small-and medium-sized businesses.
Ports boss offers personal help to UK’s budding exporters
The boss of the world’s biggest ports group has made a unique pledge to help British exporters in “any way” he can to break into new markets in Asia and Latin America.
HMRC launches fresh tax crackdown after it is handed largest ever tranche of data
HM Revenue & Customs is investigating hundreds of UK accountants, lawyers and professional advisors suspected of concealing assets in offshore tax havens for wealthy clients, following the largest leak of offshore data ever received by the UK tax authority.
UK permanent hirings on the increase
More people are getting permanent jobs and the hiring of temporary workers has declined, according to a monthly survey of 400 recruitment companies.
Free banking at risk as EU wants us to bank anywhere in Europe
European proposals that would allow Britons to switch to a bank account in another country could hasten the demise of free banking, experts have warned.
UK tax ‘not a level playing field’, says Sainsbury’s chief Justin King
Justin King, the chief executive of J Sainsbury, has dealt a blow to the Coalition’s claims that it is building a competitive tax system by warning that cuts in corporation tax are being offset by increases in other levies.
David Cameron promises UK bills on growth and immigration
David Cameron and Nick Clegg have promised to “fire up our private sector” as the Queen announced the government’s agenda for the next year.
Young people ‘almost three times more likely than adults’ to be unemployed
UN agency warns of unrest with global youth unemployment forecast to reach 12.8% by 2018 after falling since 2009
Diamond misjudged public anger over bankers
Bob Diamond said he had underestimated the strength of public opinion towards bankers that contributed to his dismissal from Barclays last year.
ECB’s Draghi ‘ready to act if needed’
The European Central Bank (ECB) said it was “ready to act if needed”, should more be required to boost the eurozone’s economic health.
RBS signals government could sell taxpayer stake next year
Bailed out bank’s chairman uses strongest language yet to talk of sale, as it reports first-quarter profits of £826m
Millions of British workers in ‘precarious employment’
Millions of workers are in “precarious employment” that could be jeopardised by any further deterioration in the economy, government research suggests – with the smallest businesses most likely to be “hoarding” staff they no longer need.
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