Treasury
Alexander orders Whitehall to improve financial controlsThe Chief Secretary to the Treasury, Danny Alexander will say in a speech today that Whitehall needs to share spending details monthly and find a further £16bn in cuts. |
Bank of Canada governor Carney approached for Bank of England jobThe governor of the Bank of Canada, Mark Carney, has been approached about applying for the governorship of the Bank of England when Sir Mervyn King retires next summer. |
Treasury reports one in ten £10m earners pay less than 20% taxIn a bid to support a proposed policy to limit tax relief available on charitable donations the Treasury has released figures that show one in ten £10m+ earners pay less than the basic rate of tax. |
Row breaks out over ‘Granny Tax 2’ pension plansThe Government is bracing itself for another pensions storm – dubbed ‘Granny Tax 2’ – after a Treasury adviser recommended taxing the state pension at source. |
RBS used similar tax loophole as Barclays to avoid paying taxThe Royal Bank of Scotland used a similar tax loophole scheme as Barclays to avoid paying tax on the profits made from buying back its own debt in 2009. |
Bank of England governance plan slammed by Treasury CommitteeA parliamentary select committee has criticised the Bank of England's own plans for governance saying that the plans do not deliver the required accountability in the public interest. |
Government launches consultation to tackle 'unacceptable' bank bonusesThe government wants to end the culture of bank bonuses and has launched a new consultation to improve transparency. |
Northern Rock sold by government to Virgin Money for £747mGovernment owned bank Northern Rock has had its less risky banking operations sold to Virgin Money for £747 million, the Chancellor, George Osborne has announced. |
UK will resist EU transaction tax unless it applies globallyThe UK Treasury has said that it will not join a financial transaction tax proposed by the European Commission unless it is implemented globally. |
George Osborne hints that 50p rate of income tax could be scrappedThe Chancellor, George Osborne has told the BBC that he has asked the Inland Revenue to investigate if the 50p income tax rate is bringing in expected revenues to the Treasury. |
Danny Alexander speech on public sector pension reformsThe Treasury Minister, Danny Alexander has angered trade unions by making a speech on public sector pension reforms whilst negotiations with the unions are still continuing. |
Public sector borrowing reaches record April highIn a blow to the Chancellor George Osborne's attempts to reduce the UK deficit, figures released today by the Office for National Statistics (ONS) show public sector borrowing reached £10billion in April. |
Budget leaves Britons wary over their personal financesFour in ten Brits admit to being concerned about their finances in the wake of the latest Budget. |
Budget 2011: What does it mean for you?Who were the winners and losers in this years budget and how will the measures announced by George Osborne affect you? |
ISA Countdown: Part one - Top tips and best ISA optionsWith just over two weeks to go until the deadline for ISA deposits on April 5th, now is the time to check out the best options for making the most of your chance to save tax-free this year. |
The Budget 2011: A PreviewThe Chancellor, George Osborne, delivers the 2011 budget on Wednesday March 23rd. What will the budget contain, how will it help business, what will happen to fuel prices and who will be the winners and losers? |
UK public finances receive January surplus boostIn some welcome and rare good economic news for the UK tax receipts in January have helped reduce public sector borrowing and lower the deficit. |
Chancellor raises bank levy by £800millionThe Chancellor, George Osborne, has raised the bank levy to be charged against UK banks in the first year by £800million to £2.5billion. |
VAT goes up to 20 per centThe rise in VAT from 17.5 per cent to 20 per cent could hinder many businesses prospects in 2011 as it comes on top of other pressures such as increased business rates and transportation costs. |
Government borrowing reaches record monthly highFigures released by the Office for National Statistics show that the government borrowed £23.3 billion in November as a result of increased costs to fund spending on defence, health and Europe. |
City of London 'still biggest tax contributor'Financial services firms based in the City of London contribute more to the exchequer through tax than companies in any other sector, according to a new report. |
HMRC: Be prepared for VAT rise, retailers toldBusinesses have been urged not to leave their preparations for the change in VAT until the last minute. |
Bank support drops to £512bnPublic backing for the UK's banks dropped from its high point of £955 billion to £512 billion by the start of this month, the National Audit Office (NAO) has said. |
UK CPI Inflation rises to 3.3 per centThe UK Consumer Prices Index (CPI) has risen to 3.3 per cent in November from 3.3 per cent in October amid fears that inflation could reach four per cent in 2011 with a possible effect on interest rates. |
Webcast: Tax AdviceWith the new financial year fast approaching and the prospect that whoever wins the election the government is going to have to put taxes up what can you do to make sure you aren't paying over the odds. |
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