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....Labour's Jeremy Corbyn said the U-turn showed a government "in chaos". Mr Hammond had faced a backlash by Conservative backbenchers last week, who accused him of breaking a general election manifesto commitment not to put up National Insurance, income tax or VAT. ... [Read full article on BBC ]
Wednesday 15th of March 2017 12:30:48 PM
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....But he said these had now been "very substantially reduced", and that the government would also consult on addressing disparities in relation to parental benefits. The government immediately faced accusations of breaking a Conservative manifesto pledge not to increase VAT, National Insurance contributions or income tax. ... [Read full article on BBC ]
Tuesday 7th of March 2017 10:33:24 PM
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....". Seven Conservative peers voted in favour of the amendment, which was proposed by Labour with the support of the Liberal Democrats. ... [Read full article on BBC ]
Wednesday 1st of March 2017 07:06:57 PM
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.... I know one big US investment bank, someone I spoke to at a conference last week, and he said their plans are much more advanced than has been picked up on by the press. Liberal Democrat Treasury spokesman Susan Kramer said: “George Osborne promised to make London the centre for fintech but under this Conservative Brexit government it will only be job centres that see any dramatic growth. ... [Read full article on Guardian ]
Saturday 25th of February 2017 08:54:32 PM
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.... This amounts to a £435m cut. RM: Inevitably, Hammond has had to take action to calm down the backlash against changes to business rates, given the outcry among Conservative MPs, small companies and the rightwing press. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 12:41:30 PM
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....”. James Cleverly, a leading Conservative Brexiter who sits on the House of Commons’ influential international trade committee, spoke with officials at an event hosted by the Japanese embassy this month. ... [Read full article on Guardian ]
Sunday 26th of February 2017 05:03:58 PM
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.... Total tax receipts on all enveloped properties worth more than £1m came in at £178m. The UK’s most expensive house, Hanover Lodge in Regent’s Park, London, which was sold by the former Conservative peer Lord Bagri for £120m in 2012, is owned by a Gibraltar-registered company, Green Palace Gardens Limited. ... [Read full article on Guardian ]
Sunday 5th of March 2017 12:04:29 AM
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....”. McGregor-Smith, a Conservative peer and former chief executive of the facilities management company Mitie, was asked to conduct her review by the former business secretary Sajid Javid. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 07:01:21 AM
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. Philip Hammond sparked a political row on Wednesday with a tax grab on self-employed workers that breached a Conservative manifesto pledge not to raise national insurance rates. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 04:05:32 PM
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....". The case arose after some Twitter users highlighted an anti-Conservative profanity daubed on a memorial to the women of World War Two during an anti-austerity demonstration. ... [Read full article on BBC ]
Friday 10th of March 2017 03:35:05 PM
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.... . In 2013 he was named as Shell's young entrepreneur of the year and appeared on stage at the Conservative Party conference to explain how a government-backed start-up loan had helped get his business off the ground. ... [Read full article on BBC ]
Monday 13th of March 2017 01:19:29 PM
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....". In 2011, Conservative MP Philip Davies told Parliament that disabled people should work for less than the minimum wage during a debate on the Employment Opportunities Bill. ... [Read full article on BBC ]
Thursday 2nd of March 2017 01:55:05 PM
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....Philip Hammond ditched plans to increase national insurance contributions for the self-employed yesterday, in a humiliating U-turn just a week after the measure formed the centrepiece of his first budget. The chancellor signalled the abrupt change of heart in a letter to Conservative MP Andrew Tyrie, the chair of the treasury select committee, following a revolt by backbench MPs that Hammond had proved unable to quell. ... [Read full article on Guardian ]
Wednesday 15th of March 2017 12:27:24 PM
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.... It is also anticipated that one of the medium-sized energy suppliers would announce a price rise on Thursday. John Penrose, a Conservative MP, has written to the business secretary, Greg Clark, urging him to impose a relative price cap, so standard variable tariffs were not more than 6% above the company’s best deal. ... [Read full article on Guardian ]
Wednesday 22nd of February 2017 03:11:24 PM
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....”. Conservative MP Grant Shapps, the chair of the parliamentary cross-party British Infrastructure Group, said that the separation agreement should now benefit internet customers. ... [Read full article on Guardian ]
Friday 10th of March 2017 07:32:13 AM
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.... . Last week, 50 MPs backed a motion from the Conservative MP John Penrose calling for immediate action from the government to help the 20 million homes on standard variable tariffs. ... [Read full article on BBC ]
Thursday 23rd of March 2017 06:49:47 AM
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....6 million people paying £240 on average more every year. Shadow chancellor John McDonnell said his party could join forces with rebel Conservatives who say the increase does little to encourage enterprise and risk-taking. ... [Read full article on BBC ]
Thursday 9th of March 2017 04:44:28 AM
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....The prime minister said the focus should be on getting the best Brexit deal for the whole of the UK. Scottish Conservative leader Ruth Davidson said Nicola Sturgeon's demand for a vote by the spring of 2019 would be rejected "conclusively". ... [Read full article on BBC ]
Thursday 16th of March 2017 06:01:03 PM
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....The Welsh Government promised £15m state aid on the condition 500 jobs would be secured. Opposition AMs from Plaid Cymru and the Welsh Conservatives have called for First Minister Carwyn Jones, who is in the United States, to travel to Detroit so he can speak to Ford executives. ... [Read full article on BBC ]
Wednesday 1st of March 2017 08:37:23 AM
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. George Osborne is coming under growing pressure to step down as Conservative MP for Tatton in Cheshire, after his surprise appointment as the editor of the London Evening Standard. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:51:44 PM
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....Both sides – which have racked up more than £300m in fees from City bankers, lawyers and public relations advisers – insisted they were pressing on with the deal. Eurosceptic Conservative MP Bill Cash, who last week held a parliamentary debate on the deal, told Reuters after the unexpected announcement: “It was inconceivable that after Brexit, having left the European Union, that our stock exchange would have been effectively run from Germany. ... [Read full article on Guardian ]
Monday 27th of February 2017 01:58:11 AM
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....The foreign secretary was immediately contradicted by Carolyn Fairbairn, head of the Confederation of British Industry, who said such a move would be very bad for businesses and “a recipe for chaos on a number of fronts”. Open Britain, which groups a series of formerly pro-remain MPs from Labour, the Conservatives and the Liberal Democrats, said leaving with no deal would mean the UK “choosing the most extreme position of all major trading nations”. ... [Read full article on Guardian ]
Sunday 12th of March 2017 09:03:01 PM
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....But Mr Hammond is facing a backlash against the Budget announcement, which breaks a 2015 manifesto pledge on tax rises. Some Conservative MPs openly criticised Wednesday's announcement. ... [Read full article on BBC ]
Thursday 9th of March 2017 01:00:13 PM
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....E-petition debates are for discussion only, so MPs will not have the power to introduce any limit on premiums. The debate will be opened by Steve Double, the Conservative MP for St Austell and Newquay. ... [Read full article on BBC ]
Monday 20th of March 2017 12:01:54 PM
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. Theresa May has said the National Insurance increase for self-employed workers will make the system "fair", amid criticism from some Conservatives. ... [Read full article on BBC ]
Thursday 9th of March 2017 08:28:31 PM
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....The government is expected to address concerns about the energy market when it publishes a consumer green paper in the spring. John Penrose, a former minister at the Cabinet Office and a Conservative MP, has called on the government to introduce a relative price cap, where the worst-value standard variable tariffs are no more than a certain percentage more expensive than the best-value fixed deals. ... [Read full article on Guardian ]
Saturday 18th of March 2017 07:00:32 AM
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....Businesses pay tax based on the rateable value of their property, including pubs, restaurants, warehouses, factories, shops and offices - and these values are being reassessed for the first time since 2010, meaning changes to the amount many firms will pay. In the face of opposition from business groups and some Conservative MPs, the government has defended the reforms and said 2017-18 "will see the biggest ever cut in business rates" and "three-quarters of all businesses, right across the country, will see their rates either fall or stay the same". ... [Read full article on BBC ]
Wednesday 22nd of February 2017 08:42:17 PM
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....”. Some within the Conservative party support the UK walking out of talks with the EU to seek preferable deals with the rest of the world if the European commission’s chief negotiator, Michel Barnier, insists on the UK settling an estimated €60bn exit bill before any UK-EU trade negotiations can begin. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 11:00:05 AM
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.... If the European commission demanded the fine while the UK was still a member, May would come under huge pressure from MPs not to pay up. Charlie Elphicke, the Conservative MP for Dover and Deal, said: “This is not down to the failure of the UK to work on the matter. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 10:30:19 PM
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....Taylor expressed some disappointment at the budget U-turn over national insurance contributions, which he said was “a kind of battle between politics and policy” which he said he hoped would not affect the implementation of his review after it was published in the summer. “I kind of hoped the policy would win this time because it was essential policy, but in the end the politics won and I think that the fact that the Conservatives have made a manifesto pledge about taxes have made it an unsustainable policy, and I do hope the lesson that is learned from this,” he said. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:25:37 AM
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Latest Finance News related to Conservative

Energy price cap implications ominous, former regulators say image
Source : BBC [Read Article] Thursday 23rd of March 2017 06:49:47 AM
.... . Last week, 50 MPs backed a motion from the Conservative MP John Penrose calling for immediate action from the government to help the 20 million homes on standard variable tariffs. ...
Call to give fathers allocated leave to improve uptake image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:33 PM
....It also warned of a “fatherhood penalty” for men who want to be more involved in the upbringing of their children, with 44% admitting to lying to their employer about family-related responsibilities that “get in the way” of work. Maria Miller, the Conservative MP who chairs the committee, said there were “significant questions about whether culture at work has changed enough” to enable the shared leave policy to be effective. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... But make no mistake, the something he would be consulting on would be a big step forward. Conservative David Nuttall tried to help the minister by pointing out that he had been made to fill in loads of money laundering forms to open a personal bank account. ...
MPs debate £1,200 cap on insurance costs for young drivers image
Source : BBC [Read Article] Monday 20th of March 2017 12:01:54 PM
....E-petition debates are for discussion only, so MPs will not have the power to introduce any limit on premiums. The debate will be opened by Steve Double, the Conservative MP for St Austell and Newquay. ...
PM backs plans to overhaul workers' rights to reflect gig ecomomy image
Source : Guardian [Read Article] Monday 20th of March 2017 12:25:37 AM
....Taylor expressed some disappointment at the budget U-turn over national insurance contributions, which he said was “a kind of battle between politics and policy” which he said he hoped would not affect the implementation of his review after it was published in the summer. “I kind of hoped the policy would win this time because it was essential policy, but in the end the politics won and I think that the fact that the Conservatives have made a manifesto pledge about taxes have made it an unsustainable policy, and I do hope the lesson that is learned from this,” he said. ...
Labour demands answers over George Osborne's Evening Standard job image
Source : Guardian [Read Article] Sunday 19th of March 2017 08:00:16 PM
. George Osborne’s appointment at the London Evening Standard while remaining a Conservative MP could be a potential conflict of interest with government advertising budgets, Labour has said. ...
Ruth Davidson doubts George Osborne's ability to remain an MP image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:43:24 AM
. The leader of the Scottish Conservatives has questioned George Osborne’s vow to remain as an MP after he becomes editor of the London Evening Standard, as the chair of the parliamentary standards watchdog pledged to review rules on MPs’ second jobs. ...
George Osborne told to choose whether to be MP or Standard editor image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:32:55 AM
.... Senior Tory MPs on Saturday questioned whether Osborne would be able to command enough support in Cheshire to continue as an MP while editing a newspaper that needs to advance London’s interests. One said: “If it was the Daily Telegraph I think he would be able to do it, as he would be arguing the Conservative cause nationwide. ...
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
....When it was founded by Stuart Wheeler in the 1970s, the Investors Gold Index allowed punters to bet on the price of gold bullion at a time when you could get banged up for buying the real thing. That clever idea grew into what we now know as spread-betting giant IG Group, and it made Wheeler so rich that he could afford restoration attempts on crumbling relics such as Kent’s Chilham Castle (2002) and the Conservative party (2001). ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
. The former prime minister David Cameron two years ago coined the phrase “jobs miracle” to describe Britain’s economic recovery: an expression that has stuck among defenders of Conservative economic policy. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... I get Aberdeen is quite heavily based on that, but I don’t think we just need to rely on that,” says local resident Hannah Wilson. Jim Gifford, a Scottish Conservative councillor and former leader of Aberdeenshire county council, says: “Businesses were just getting past the first referendum and then came the oil crash: it was catastrophic. ...
SSE the latest ‘big six’ firm to put its prices up image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....The government is expected to address concerns about the energy market when it publishes a consumer green paper in the spring. John Penrose, a former minister at the Cabinet Office and a Conservative MP, has called on the government to introduce a relative price cap, where the worst-value standard variable tariffs are no more than a certain percentage more expensive than the best-value fixed deals. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... The believers in free markets called and bungled the referendum that will drag Britain out of the EU. The Conservative and Unionist party has done an admirable job of smashing up the union. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....In a speech that had echoes of the previous Labour leader, Ed Miliband, who promised to introduce an energy price freeze, the prime minister argued that the market was “manifestly not working for all consumers”. Addressing the Conservative party spring conference in Cardiff, she said she supported competition but was prepared to step in on behalf of consumers. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
. George Osborne is coming under growing pressure to step down as Conservative MP for Tatton in Cheshire, after his surprise appointment as the editor of the London Evening Standard. ...
Scottish independence: Referendum demand 'will be rejected' image
Source : BBC [Read Article] Thursday 16th of March 2017 06:01:03 PM
....The prime minister said the focus should be on getting the best Brexit deal for the whole of the UK. Scottish Conservative leader Ruth Davidson said Nicola Sturgeon's demand for a vote by the spring of 2019 would be rejected "conclusively". ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
....Three energy companies outside of the major supplier group, including Bristol-based Ovo, which has 680,000 customers, and smaller suppliers Octopus and Utility Warehouse, signalled their support on Thursday for a relative price cap. The cap has been proposed by the Conservative MP John Penrose and would limit the gap between the best and worst deals on the market. ...
Hammond's NICs U-turn is a political disaster for the government | Larry Elliott image
.... By that time, he would also have received the report on self-employment from Matthew Taylor, which might have given him the chance to offer some sweeteners to the self-employed in the form of better employment rights. As it was, the change was seen as breaking a 2015 Conservative manifesto commitment not to raise NICs for the duration of the current parliament. ...
U-turn over Budget plan to increase National Insurance image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:30:48 PM
....Labour's Jeremy Corbyn said the U-turn showed a government "in chaos". Mr Hammond had faced a backlash by Conservative backbenchers last week, who accused him of breaking a general election manifesto commitment not to put up National Insurance, income tax or VAT. ...
Philip Hammond defends scrapping national insurance rise for the self-employed image
....Philip Hammond ditched plans to increase national insurance contributions for the self-employed yesterday, in a humiliating U-turn just a week after the measure formed the centrepiece of his first budget. The chancellor signalled the abrupt change of heart in a letter to Conservative MP Andrew Tyrie, the chair of the treasury select committee, following a revolt by backbench MPs that Hammond had proved unable to quell. ...
First class could be axed in next Southeastern rail franchise image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:50:33 PM
....The DfT has launched a 10-week consultation to hear views of passengers in south-east London, Kent and East Sussex, with the new franchise to be let from 2018. However, the transport secretary, Chris Grayling, has already ruled out the one change favoured by many, including Conservative MPs along the route, of transferring responsibility for inner London services to Transport for London. ...
Charlotte Hogg image
Source : BBC [Read Article] Tuesday 14th of March 2017 01:51:01 PM
....She was born into the British establishment where her mother and father both served in Sir John Major's government. Ms Hogg's father is Douglas Hogg, 3rd Viscount Hailsham, a barrister and a former Conservative MP between 1979 and 2010. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....“Professional competence for this role includes an ability to follow the rules, particularly those that one has had a hand in writing and enforcing; an understanding of why those rules are important; and an awareness of the risks arising from actual and potential conflicts of interest, and the perceptions of conflict,” the report said. Andrew Tyrie, the Conservative MP who chairs the Treasury select committee, said: “This is a regrettable business with no winners. ...
Revision App customers complain of unexpected payments image
Source : BBC [Read Article] Monday 13th of March 2017 01:19:29 PM
.... . In 2013 he was named as Shell's young entrepreneur of the year and appeared on stage at the Conservative Party conference to explain how a government-backed start-up loan had helped get his business off the ground. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... Given this parlous state of affairs, what can be done?. John Penrose, a former minister at the Cabinet Office and a Conservative MP, has called on the government to introduce a relative price cap, where the worst-value standard variable tariffs are no more than a certain percentage more expensive than the best-value fixed deals. ...
No-deal Brexit 'would put UK in worst trading position of rich nations' image
....The foreign secretary was immediately contradicted by Carolyn Fairbairn, head of the Confederation of British Industry, who said such a move would be very bad for businesses and “a recipe for chaos on a number of fronts”. Open Britain, which groups a series of formerly pro-remain MPs from Labour, the Conservatives and the Liberal Democrats, said leaving with no deal would mean the UK “choosing the most extreme position of all major trading nations”. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... Living standards are under pressure as a result of rising inflation and will be squeezed much harder during the course of 2017 and 2018. Yet the Conservatives have a commanding lead in the opinion polls and recently achieved the rare feat of winning a seat from the opposition. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
. As the immensity of the consequences of the referendum strikes home, the May government is becoming increasingly dependent on the Conservative party’s rediscovery of the need for “infrastructure” and “industrial strategy”. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
....Chancellor Philip Hammond's "tax raid" on the self-employed in the Budget has been described as a "rookie error" by former Tory chancellor Lord Lamont. He told the BBC the Conservative election pledge not to increase National Insurance, income tax and VAT was a "mistake". ...
Self-employed? See if you'll pay more in national insurance image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
.... We also don’t know precisely when, or if, the NI changes will be approved by parliament. The prime minister this week delayed the controversial rise following a rebellion by Conservative MPs, although Labour said ministers were “in disarray” over the issue. ...
Charlotte Hogg: a family tree deeply rooted in the British establishment image
. When Andrew Tyrie, the Conservative MP who chairs the Treasury select committee, opened a hearing with Charlotte Hogg a week ago he recalled how he had lunched with her grandfather in the members’ dining room at Westminster. ...
Bank of England deputy governor's future hangs in balance image
Source : Guardian [Read Article] Friday 10th of March 2017 07:18:25 PM
.... Bradley Fried, the court’s deputy chairman, told MPs at a hearing on Tuesday it would go down as “a watershed moment in Ms Hogg’s professional and public life”. Jacob Rees-Mogg, the Conservative MP who sits on the committee, told the Guardian his focus was on the Bank’s governance. ...
MPs not appeased by May's decision to review self-employed tax hike image
Source : Guardian [Read Article] Friday 10th of March 2017 06:48:53 PM
....”. One source in touch with Conservative MPs unhappy with the plan added that up to 30 could vote against an autumn bill imposing the changes, with an estimated 30 more staying away, potentially bringing a heavy defeat for a government with a working majority of 17. ...
Drive to replace UK-EU trade links with closer ties to Commonwealth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:21:20 PM
.... to reduce the uncertainty of going into new markets”. Several senior Conservatives, led by trade minister Liam Fox, have heralded the potential for new trade agreements with Commonwealth countries as a way to replace lost European markets when Britain leaves the EU. ...
Banker Charlotte Hogg’s error is a cautionary tale for the privileged | Deborah Orr image
.... Look after the wealthy and clever and they will look after everyone else – that’s the moral basis of capitalism, and it’s a crock. Conservatives believe this absolutely. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....His speeches are mostly arranged via the Washington Speakers Bureau, the world’s biggest public speakers agency, which claims to have represented “three out of the last four US presidents, the last four prime ministers of England [and], countless world leaders”. Osborne has denied that his new jobs distract from his constituency work in Tatton, Cheshire, saying “It’s very similar to what previous chancellors, Labour and Conservative, have done in the past. ...
Jack Monroe wins Katie Hopkins libel tweet case image
Source : BBC [Read Article] Friday 10th of March 2017 03:35:05 PM
....". The case arose after some Twitter users highlighted an anti-Conservative profanity daubed on a memorial to the women of World War Two during an anti-austerity demonstration. ...
Forget Brexit: housing is the key issue for Labour | Phil McDuff image
Source : Guardian [Read Article] Friday 10th of March 2017 12:04:31 PM
.... As good and decent as some of Labour’s achievements from 1997 were, they also laid the groundwork for the government that followed to completely asset-strip the state. Chuka Umunna has skated tantalisingly close to admitting this in a column for the New Statesman, referring to New Labour’s economics as “a politics for the good times” that ignored “institutional reform” and left the gains “vulnerable to the vagaries of … a Conservative government”. ...
BT Openreach deal could pave way for cheaper, faster broadband image
Source : Guardian [Read Article] Friday 10th of March 2017 07:32:13 AM
....”. Conservative MP Grant Shapps, the chair of the parliamentary cross-party British Infrastructure Group, said that the separation agreement should now benefit internet customers. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
....The reform itself is rational and proportionate; Mr Hammond’s green light for cruel benefit changes is worthier of opprobrium. But the NICS measure is also politically fissile because it contravenes a 2015 Conservative manifesto pledge. ...
The UK economy breaks more records – for all the wrong reasons image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:40:24 PM
....The move was seen as progressive and a small step in the direction of aligning the treatment of the employed and the self-employed. Paul Johnson, director of the IFS, said Hammond appeared to be breaking a Conservative manifesto commitment but lambasted the government for making such a “silly” pledge in the first place. ...
May and Hammond face serious Tory revolt over tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:59:51 PM
....Theresa May and Philip Hammond are facing a growing rebellion among Tory MPs over the decision to increase national insurance contributions (NICs) for the self-employed in Wednesday’s budget. A Guardian tally of Conservative MPs known to have expressed opposition to the decision either publicly or in private found 18 who could potentially oppose it – greater than the government’s working majority of 17. ...
Hammond went where Osborne feared to tread with tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:41:03 PM
....With little else new to focus on in this steady-as-she-goes budget, and with the biggest economic story of the year – Brexit – yet to come, it was entirely predictable that the NICs changes would cause a political storm. As of Thursday afternoon, the Guardian had identified 17 Conservatives who have expressed concerns about the policy, many of them publicly. ...
The shameless Tories have betrayed the self-employed – and themselves | John Harris image
.... Overnight there was a minor tweetstorm about how, back in 2010, Theresa May greeted Labour plans to raise people’s contributions by 1%: with a look of affected horror, and the claim that “it is Labour’s jobs tax that is going to kill the recovery”. All this goes straight to the Conservatives’ collective soul, and their supposedly deep belief in the frontier spirit of entrepreneurs, lone traders, and anyone else who stands apart from the supposed comfy world of sick pay, company pensions and redundancy rights, and tries somehow to make their own way. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
....But Mr Hammond is facing a backlash against the Budget announcement, which breaks a 2015 manifesto pledge on tax rises. Some Conservative MPs openly criticised Wednesday's announcement. ...
Southwold: welcome to the town where business rates are set to rise 177% image
....” The owners of Chapmans, the newsagents – facing a 400% rise in rates, calculated they would have to sell newspapers at £8 a copy, if they were to recoup the increase. Customers were urged to write to their Conservative MP, Therese Coffey – who represents Suffolk Coastal. ...
Hammond: Budget National Insurance rise due to 'new challenges' image
Source : BBC [Read Article] Thursday 9th of March 2017 04:44:28 AM
....6 million people paying £240 on average more every year. Shadow chancellor John McDonnell said his party could join forces with rebel Conservatives who say the increase does little to encourage enterprise and risk-taking. ...
Prospect of £1.7bn fine looms large over PM's talks with EU leaders image
Source : Guardian [Read Article] Wednesday 8th of March 2017 10:30:19 PM
.... If the European commission demanded the fine while the UK was still a member, May would come under huge pressure from MPs not to pay up. Charlie Elphicke, the Conservative MP for Dover and Deal, said: “This is not down to the failure of the UK to work on the matter. ...
Hammond was a picture of relaxed swagger – because he was in the ring alone image
....But these are not normal times. True, Hammond was being hounded within minutes for breaking a pledge not to raise national insurance contributions that had featured in the Conservative manifesto of 2015. ...
Hammond seems to be expecting business rates storm to just blow over image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:42:51 PM
.... But he sounded like a politician who has calculated that the twice-a-decade storm over business rates will blow over eventually and the “medium term” can mean whatever the government wants it to. If the tax raid on self-employed people seemed very un-Conservative, so did the cut in the tax-free allowance on dividend income enjoyed by wealthy investors in shares. ...
Budget: Does NI rate rise break a pledge? image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:04:52 PM
....Chancellor Philip Hammond has announced increases in the rate of National Insurance paid by self-employed workers. But in the Conservative Party's manifesto for the 2015 general election, it promised: "We will not raise VAT, National Insurance contributions or income tax". ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... In fact, the reason they stump up such a large proportion of the nation’s tax is that they earn such a lot, while wages generally have stagnated. This is down to Conservative policy, yes, but it is not a portrait of an economy that works for all. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....The tax advantages enjoyed by the UK’s millions of self-employed people will be dramatically reduced following a series of major changes in the budget. Appearing to reverse a Conservative party manifesto pledge from 2015, Philip Hammond risked irking his backbenchers and party supporters by announcing he is to close tax benefits that are “no longer justified” by increasing the national insurance contributions (NICs) for self-employed people earning more than £16,250 a year. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
.... This amounts to a £435m cut. RM: Inevitably, Hammond has had to take action to calm down the backlash against changes to business rates, given the outcry among Conservative MPs, small companies and the rightwing press. ...
US businesses warn the UK over loss of access to EU single market image
Source : Guardian [Read Article] Wednesday 8th of March 2017 11:00:05 AM
....”. Some within the Conservative party support the UK walking out of talks with the EU to seek preferable deals with the rest of the world if the European commission’s chief negotiator, Michel Barnier, insists on the UK settling an estimated €60bn exit bill before any UK-EU trade negotiations can begin. ...
Budget 2017: What it means for YOU? Self-employed, savers, pensioners, and motorists image
....The change will raise £145 million a year by 2021/22 at an average cost of 60p a week to those affected. It comes despite a promise by Conservatives in their 2015 manifesto NOT to raise National Insurance contributions. ...
Budget 2017: £2bn for social care and tax rise for self-employed image
Bank of England deputy governor gets warning over conflict of interest image
....Hogg is an Oxford economics graduate with a background in British politics through her family. Both Hogg’s parents had leading roles in Sir John Major’s government and her grandfather, Quintin Hogg, was a prominent Tory who almost won the Conservative party leadership following the resignation of Harold Macmillan. ...
Philip Hammond urged to pause cut in benefits for widowed parents image
Source : Guardian [Read Article] Tuesday 7th of March 2017 09:00:38 AM
.... There is also anger that the government is not extending the payment to parents who cohabited but were not married. Conservative minister Richard Harrington caused anger when he defended the reform by claiming the old system risked stopping people from “readjusting” to life as a single parent. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....Then things changed. Firstly, the Conservative Chancellor Ken Clarke effectively merged the two big announcements into one autumn Budget in 1993. ...
Peugeot sale is an 'opportunity', says Clark. An opportunity for pigs to fly | John Crace image
....The business secretary was less willing to say what assurances he might have given Peugeot as, for one thing, Brexit is officially going to be a massive success so there would be no need to give any, and for another he would have to kill anyone he told what deal Nissan had been offered. The Conservative MP Amanda Milling tried to help him out by observing that whatever assurances had been offered were part of the government’s successful industrial strategy. ...
Brexit budget: what leave and remain voters in Hull and London want image
Source : Guardian [Read Article] Monday 6th of March 2017 08:23:59 AM
....Despite being at odds with the Brexit secretary on the merits of staying in the European Union, both farmers agree that he is “a nice enough bloke” and a good MP. “Most farmers vote Conservative,” says Brown. ...
£220,000: the price super-rich will pay to keep their privacy image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
.... Total tax receipts on all enveloped properties worth more than £1m came in at £178m. The UK’s most expensive house, Hanover Lodge in Regent’s Park, London, which was sold by the former Conservative peer Lord Bagri for £120m in 2012, is owned by a Gibraltar-registered company, Green Palace Gardens Limited. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
.... . The Conservatives have promised to raise this to £12,500 by 2020-21 and increase with inflation after that. ...
Brexit without trade deal would open Pandora's box, says CBI chief image
Source : Guardian [Read Article] Thursday 2nd of March 2017 06:25:49 PM
....”. However, Steve Baker, who chairs the influential European Research Group of Conservative MPs, said Drechsler was exaggerating the risks of falling back on the WTO, the Geneva-based institution that polices the global marketplace. ...
Labour says £1m earners should publish tax returns image
Source : BBC [Read Article] Thursday 2nd of March 2017 03:05:40 PM
....He also called for a specific chunk of taxes raised to be "hypothecated" - earmarked - for the NHS. The Conservatives said Labour Leader Jeremy Corbyn had said he did not favour a hypothecated tax. ...
Rosa Monckton: Let learning disabled work below minimum wage image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:55:05 PM
....". In 2011, Conservative MP Philip Davies told Parliament that disabled people should work for less than the minimum wage during a debate on the Employment Opportunities Bill. ...
Government defeated on Brexit bill image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:06:57 PM
....". Seven Conservative peers voted in favour of the amendment, which was proposed by Labour with the support of the Liberal Democrats. ...
Viagogo ticket rip-off concerns prompt May to promise crackdown image
Source : Guardian [Read Article] Wednesday 1st of March 2017 04:04:57 PM
....Theresa May said the Department for Culture, Media and Sport (DCMS) would shortly address secondary ticketing firms, which have been accused of flouting consumer laws and inflating ticket prices for fans. Her intervention at prime minister’s questions on Wednesday came in response to Conservative MP Nigel Adams, who asked what the government would do about controversial website Viagogo reselling tickets for a cancer charity gig by Ed Sheeran and charging theatregoers up to £5,000 to see the popular musical Hamilton. ...
Ford forecasts 1,160 Bridgend job cuts image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:37:23 AM
....The Welsh Government promised £15m state aid on the condition 500 jobs would be secured. Opposition AMs from Plaid Cymru and the Welsh Conservatives have called for First Minister Carwyn Jones, who is in the United States, to travel to Detroit so he can speak to Ford executives. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
. A £1bn Conservative inheritance tax cut will exacerbate the north-south divide, an MP has warned, as figures lay bare the winners and losers of a flagship government policy. ...

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