Topic filter : George Osborne

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....". There were plans to sell off a large tranche of shares to the public rather than institutional investors, but this was scrapped last year, with then chancellor George Osborne blaming turmoil in global financial markets. ... [Read full article on BBC ]
Friday 21st of April 2017 05:01:52 PM
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.... . George Osborne understood this and sold down a stake at a loss in the last parliament and would have continued had it not been for the eurozone crisis sending shares crashing to REALLY unpalatable levels and the emergence of new political priorities like the EU referendum. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:01:26 PM
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.... Many factors have been cited to explain May’s decision, not least the opinion polls, the persistent criticism of Brown for not having “sought his own mandate” in 2007, and strong pressure from her colleagues. Also, one suspects, a desire to cock a snook at George Osborne, the godfather of the fixed-term parliament. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 05:59:05 AM
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....Her personal profile rose after the Northern Rock deal. More accustomed to being an outsider trying to break into the City establishment – at one point in the interview she describes herself as “this rather strange woman” – Gadhia sat next to George Osborne when he was delivering his high-profile Mansion House speech two years ago, was one of David Cameron’s business advisers, and still leads a Treasury-backed initiative to boost diversity in financial services. ... [Read full article on Guardian ]
Thursday 20th of April 2017 04:15:42 PM
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....Shares in the bank – which has reported nine consecutive annual losses since its rescue by the taxpayer – are trading at about 224p. This is the first time Hammond has acknowledged that the shares are likely to be sold at a loss to the taxpayer, although Hammond’s predecessor George Osborne sold off a 5% stake in 2015 at 330p a share – a £1bn loss. ... [Read full article on Guardian ]
Tuesday 18th of April 2017 03:45:19 PM
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. Had things turned out differently, George Osborne would now be counting down the days to becoming prime minister. ... [Read full article on Guardian ]
Wednesday 19th of April 2017 07:06:21 PM
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....Even so, it has taken much longer than expected during the financial crisis and has only been possible because Hammond was able to sanction the recent sales at a loss because of profits made from earlier transactions when the share price was higher. The repayment has not been achieved in the way Hammond’s predecessor, George Osborne, envisaged. ... [Read full article on Guardian ]
Friday 21st of April 2017 05:00:20 PM
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....But there are some bad hats and chancers in politics. George Osborne, who leaves the grand stage of the Commons at the age of 45 saying, “I want new challenges”, was a gamer, departing now to throw his dice in journalism and the City. ... [Read full article on Guardian ]
Thursday 20th of April 2017 10:47:41 AM
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Latest Finance News related to George Osborne

A hasty election before Britain sees the hard truth of Brexit image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... Many factors have been cited to explain May’s decision, not least the opinion polls, the persistent criticism of Brown for not having “sought his own mandate” in 2007, and strong pressure from her colleagues. Also, one suspects, a desire to cock a snook at George Osborne, the godfather of the fixed-term parliament. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....". There were plans to sell off a large tranche of shares to the public rather than institutional investors, but this was scrapped last year, with then chancellor George Osborne blaming turmoil in global financial markets. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....Even so, it has taken much longer than expected during the financial crisis and has only been possible because Hammond was able to sanction the recent sales at a loss because of profits made from earlier transactions when the share price was higher. The repayment has not been achieved in the way Hammond’s predecessor, George Osborne, envisaged. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
....Her personal profile rose after the Northern Rock deal. More accustomed to being an outsider trying to break into the City establishment – at one point in the interview she describes herself as “this rather strange woman” – Gadhia sat next to George Osborne when he was delivering his high-profile Mansion House speech two years ago, was one of David Cameron’s business advisers, and still leads a Treasury-backed initiative to boost diversity in financial services. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
....But there are some bad hats and chancers in politics. George Osborne, who leaves the grand stage of the Commons at the age of 45 saying, “I want new challenges”, was a gamer, departing now to throw his dice in journalism and the City. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
.... . George Osborne understood this and sold down a stake at a loss in the last parliament and would have continued had it not been for the eurozone crisis sending shares crashing to REALLY unpalatable levels and the emergence of new political priorities like the EU referendum. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
....Shares in the bank – which has reported nine consecutive annual losses since its rescue by the taxpayer – are trading at about 224p. This is the first time Hammond has acknowledged that the shares are likely to be sold at a loss to the taxpayer, although Hammond’s predecessor George Osborne sold off a 5% stake in 2015 at 330p a share – a £1bn loss. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....The family’s success allowed them to send Whetstone to Benenden, an exclusive boarding school for girls with royal alumni including Princess Anne. After reading history at Bristol University, Whetstone joined Conservative central office, where she worked alongside David Cameron and George Osborne. ...
Multi-skilled image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:33:04 PM
....Professional networking website LinkedIn has seen a growing trend in the registering of "multiple", "dual" and "portfolio" career descriptions. Just look at George Osborne: MP for Tatton, adviser at BlackRock Investment Institute, and soon-to-be editor of the London Evening Standard. ...
Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott image
....For consumers, this will be a rerun of the first half of the last parliament, although the impact is unlikely to be as severe, since back then a combination of rocketing oil prices and higher VAT took the annual inflation rate to 5% at a time when wage growth was struggling to get above 1%. In the circumstances, it is not hard to see why George Osborne was booed by the crowd when he turned up at the 2012 London Paralympics, because there tends to be a correlation between what’s happening to living standards and the popularity of the government. ...
Uber's head of communications quits scandal-hit cab app image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:49:11 AM
....”. British Whetstone, who in 2003 was appointed Michael Howard’s chief of staff when he became Conservative leader , and is a friend of both David Cameron and George Osborne, also found herself at the centre of a more localised storm following allegations that she used her contacts to secure an advantageous deal for Uber in London. ...
Universal Credit benefits changes 2017 – What the new rules mean for YOU image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 09:09:00 AM
....”. In April 2016, then-Chancellor George Osborne reduced the work allowance. ...
Zero house price inflation is to be welcomed not feared | Larry Elliott image
.... Meanwhile, a good chunk of the homes that are being built appear to be going to overseas buyers who have found their money goes further as a result of the depreciation in sterling. In short, the economy has reverted to the state it was in before George Osborne gave the housing market a boost halfway through the last parliament. ...
Child Tax Credit changes come into force TODAY – what it means for YOU image
Source : Daily Express [Read Article] Thursday 6th of April 2017 10:54:00 AM
.... . In the 2015 Budget Speech, former Chancellor George Osborne said: “In the current tax credit system, each extra child brings an additional payment of £2,780 a year. ...
Banks and building societies snub Lifetime Isa launch image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:57:02 PM
....One of them - Hargreaves Lansdown - said 1,000 accounts had been opened by mid-day on Thursday. The savings product was the brainchild of former Chancellor George Osborne, and offers savers a 25% annual bonus. ...
Ensure your pension numbers still add up image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 08:18:00 AM
.... . He warned that former Chancellor George Osborne’s popular pension freedom reforms, which allow the over-55s to cash in their pots, could backfire in future. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
....The crunch for families celebrating a new birth or grieving the loss of a parent is a result of changes coming into effect on 6 April. They were announced when George Osborne was chancellor and are being enacted by Theresa May’s government. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones. The reforms, set in train by former chancellor George Osborne, run directly contrary to the political mantra of Theresa May, who has said she wants to govern in the interests of everyone and “not just the privileged few”. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... They and the older couple won’t be the only people affected by the changes – industry surveys suggest a fair number of landlords have already started offloading properties, or are thinking of doing so. So what exactly has the government done? This shake-up was announced by the then chancellor George Osborne in the summer 2015 budget and is designed, says the government, “to make the tax system fairer”. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....The sum covered money owed since 2005 and followed a six-year inquiry by Her Majesty's Revenue and Customs (HMRC). George Osborne, who was chancellor at the time, described the deal as a "victory", but Labour's John McDonnell said the sums were "trivial". ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
....Project Fear 2017 has been playing its own versions of Beatles hits: I (Don’t) Feel Fine, We (Can’t) Work it Out and, of course, that all-time classic, While My Economy Gently Weeps. It has been quite a trip down memory lane to the days when the band’s lead vocalist, George Osborne, was predicting immediate recession in the event of a Brexit vote. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
.... And when the Brexiters threaten Nicola Sturgeon with dire warnings about Scotland losing its largest market, namely England, they seem unaware of the irony that the newly fashionable strategy of “no agreement is better than a bad agreement” involves England itself leaving its largest market. The furore over national insurance dominated coverage of the budget but, for me, the really interesting aspect, apart from Chancellor Philip Hammond’s choice to continue with George Osborne’s socially destructive austerity programme, was that the Office for Budget Responsibility (OBR) report on the economic and fiscal outlook contained a sober assessment of the consequences of Brexit for our economy – and it was hardly calculated to lift the spirits. ...
Taking the easy option with car insurance renewal can be costly image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
....” . Switching is even important as car insurance premiums accelerate, driven up by costly hikes in insurance premium tax brought in by Chancellor Philip Hammond and his predecessor George Osborne, with the next coming in June. ...
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
. George Osborne has been criticised by the official body that advises ministers on taking work outside parliament, amid growing public anger over the former chancellor’s portfolio of lucrative jobs. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
. Being “editor” of the Daily This, Evening That or Weekly Whatever is a most fuzzily flexible concept: one quite unlike George Osborne’s old deficit reduction targets. ...
Buy your new car now to save thousands of pounds ahead of excise hike image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....A radical overhaul of car tax rates comes into force on 1 April, and means anyone about to buy a new car – and particularly an expensive low-emissions vehicle – should consider bringing forward their purchase if possible. The complicated changes to vehicle excise duty, set in motion by former chancellor George Osborne, will have the biggest impact on those buying the smallest/greenest cars or those with a list price of £40,000-plus. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... At least in banana republics they grow their own bananas. Joke all you like about George Osborne being made editor of the Evening Standard. ...
Martin Rowson on George Osborne's new role at London Evening Standard – cartoon image
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Related to :
Osborne, an ‘editor of substance’. What substance, crystal meth? | Marina Hyde image
. What a privilege to be able to welcome George Osborne to the ranks of journalistic colleaguery. ...
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. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....The deal marks a return to the Square Mile for an American banker whose high-flying career came to a halt in 2012 when he was forced to quit Barclays in the wake of the Libor rigging scandal. The then chancellor, George Osborne, described Diamond’s resignation as “the right decision for Barclays – and for the country”. ...
Tax credit 'rape clause' becomes law without parliamentary vote image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:57 PM
....She also described the fact that the Department for Work and Pensions (DWP ) had introduced the scheme apparently without having trained any of the people who will judge whether someone claiming the exemption had been raped as “frankly astonishing”. The regulations, announced in the 2015 budget by the chancellor at the time, George Osborne, were put into law through a statutory instrument, a form of legislation that allows laws to be amended without parliament’s approval. ...
NICs U-turn image
Source : BBC [Read Article] Wednesday 15th of March 2017 05:19:09 PM
....The remaining 80%, approximately 3. 6 million people, will now get the cut to NI that they had been expecting since George Osborne announced the abolition of Class 2 contributions in 2016. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....It is a dramatic fall from grace for Hogg, who was once cited as a potential successor to the Bank governor, Mark Carney, to whom she was a key ally and a linchpin of his effort to overhaul the staid institution. Her departure was criticised by former chancellor George Osborne who tweeted: “Charlotte Hogg is a real loss to public life. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....The previous coalition government, which came into office in 2010 originally set a target of clearing the deficit by the time of the 2015 general election. When that failed to materialise, the former chancellor George Osborne set a further target to reach a surplus by the time of the next election in 2020, but then later abandoned it. ...
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. "I've been able to help one million young people learn on their mobile devices," he told the audience, which included the then chancellor, George Osborne, and education secretary, Michael Gove. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... A one-term deficit reduction plan has now become a 15-year slog. Third, when the economy subsequently slowed in 2011 and 2012, the response from George Osborne was to warm up the housing market by providing banks with incentives to lend and borrowers with incentives to buy. ...
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
....But austerity in the public sector is set to continue. Let no one be in doubt: this was a policy choice on the part of George Osborne in 2010, and it is a policy choice now. ...
Isas back in favour after tax allowance hike image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
....Until this week the Isa sector had started to look redundant for all but those with very large sums to invest. The previous chancellor, George Osborne, introduced a series of measures that rendered them unnecessary for most ordinary savers. ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
....”. Richard Stone, chief executive of stockbroker The Share Centre, says the dividend allowance introduced by George Osborne undermined part of the logic for using an Isa account – namely that all income and capital gains within an Isa are tax-free. ...
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
....David Cameron was also dragged into the row, after a video clip from Thursday’s Iraq and Afghanistan memorial unveiling appeared to show him saying to the defence secretary, Michael Fallon: “Breaking a manifesto promise, how stupid can you get?”. But some MPs blamed Cameron and his chancellor, George Osborne, for making the sweeping pledge not to raise national insurance and income tax, come what may, as they approached the 2015 general election. ...
Forget the fuss – bumper paydays go on for UK's best-paid boss Sorrell | Nils Pratley image
.... That was a maximum payout but not as much as last year’s £63m. Still, £113,000 a day would make even George Osborne jealous. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
. George Osborne is no longer chancellor of the exchequer, but his spirit thrives in the budget presented by his successor. ...
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 IFS agrees. It notes that the budget changes announced by Hammond pale into insignificance when set against those introduced by George Osborne before he was sacked by Theresa May. ...
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
. George Osborne was presented with the policy of raising national insurance contributions for the self-employed several times while he was chancellor, and always rejected it as politically unsellable, according to former Treasury insiders. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
....Employers also pay a contribution, of which more later. In March last year, the chancellor at the time, George Osborne, confirmed that Class 2 contributions would be abolished in April 2018. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
....Many small traders and individuals set up businesses by forming a company and paying themselves through dividends as well as a salary. The announcement comes less than a year after the last Chancellor George Osborne introduced the £5,000 tax free dividend allowance. ...
No pay rise for 15 years, IFS warns UK workers image
Source : Guardian [Read Article] Thursday 9th of March 2017 08:57:23 AM
.... It looks like being, I’m afraid, a third parliament of austerity,” said Johnson. Similarly, he underscored welfare cuts announced under Hammond’s predecessor George Osborne that start to come into force next month. ...
Budget 2017: Squeeze on family finances 'extended until 2020s' image
Source : BBC [Read Article] Thursday 9th of March 2017 07:40:05 AM
.... . If it does so, that would be 15 years after the previous chancellor, George Osborne, had started implementing spending cuts and raising taxes. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....”. A Treasury spokeswoman later sought to shrug off the claim that the party was breaching the manifesto promise, saying it had been implemented by a piece of legislation – George Osborne’s “tax lock” – which didn’t mention specific classes of NICs. ...
Hammond was a picture of relaxed swagger – because he was in the ring alone image
....And that was far from the only gap. When George Osborne gave these speeches, he would sweat over every number predicting future borrowing, desperate to show that the deficit was coming down year-on-year. ...
Osborne to earn £650,000 a year advising US financial firm image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:31:00 PM
. Former Chancellor George Osborne is to be paid £650,000 a year for advising the US fund manager Blackrock. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
.... There was extra money for schools and vocational education; some help for companies adversely affected by the new business rates regime; £2bn over the next three years for social care; and a shake-up of national insurance contributions that will result in higher tax for the self-employed. This last change, while perfectly defensible, may well come back to haunt the chancellor: his tax on white van man to mirror George Osborne’s pasty tax. ...
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
. George Osborne has declared a salary of £650,000 a year for working just four days a month at BlackRock, the world’s biggest fund management firm, as well as almost £800,000 for speeches to financiers. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
.... A higher rate tax payer will pay an extra £975. The dividend allowance of £5,000 was announced by the previous chancellor, George Osborne, in 2015. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
.... But a decision made in January - and confirmed today - might affect families. As announced by the previous Chancellor George Osborne, child tax credit and universal credit will not be available to any third or subsequent child born after the start of the new tax year. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....The Conservatives’ 2015 manifesto promised four times that the party would “not increase the rates of VAT, income tax or national insurance in the next parliament”. One of their key attacks on Labour was that Ed Miliband would raise NICs, in what David Cameron and George Osborne called a “jobs tax”. ...
‘Our ability to save is non-existent’ – people respond to UK budget image
.... “I’ve already had to sell a couple of properties, thanks to the new rules coming in,” he says. Measures introduced by George Osborne mean that, from 6 April, landlords will no longer be able to offset all of their mortgage interest against their tax bill. ...
Budget: Does NI rate rise break a pledge? image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:04:52 PM
.... . George Osborne announced in 2016 that Class 2 contributions would be abolished from April 2018. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
.... He stresses that this will not be used as a reason to spend more, signalling there will be no easing off on austerity. The chancellor moves on to a few digs at the opposition for ‘recklessly’ wanting to borrow more, carrying on George Osborne’s strategy of trying to paint Labour as fiscally irresponsible. ...
Taxes for self-employed likely to rise in Hammond's budget image
Source : Guardian [Read Article] Tuesday 7th of March 2017 08:05:27 PM
....”. The abolition of class 2 NICs, which are paid only by self-employed people, from April next year – a simplification measure announced by the former chancellor, George Osborne – will also lift the burden on the self-employed. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....That was when some of these autumn events started to morph, becoming mini-Budgets in all but name, and helping to gain Mr Brown a reputation of trying to micro-manage the economy. The Conservative Chancellor George Osborne continued the policy of two big set piece announcements each year, both effectively Budgets, though he resurrected the Autumn Statement name. ...
Chancellor's budget to build up Brexit reserves, not tackle NHS crisis image
....The financial data provider Markit, which compiled a survey of the services and manufacturing sector, said on Friday that the slowing of business activity growth last month added to evidence that the economy had lost momentum. Whitehall watchers said Hammond appeared to have let go of George Osborne’s tendency to spend as much available money as possible. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....Investors will no longer be able to claim higher rate tax relief on mortgage interest payments, in a move that could turn profits into losses. The move was announced by former Chancellor George Osborne in 2015, as part of his three-pronged tax assault on landlords. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
....The leading man in the Treasury has changed. Philip Hammond is delivering his first Budget as chancellor, following eight delivered by his predecessor George Osborne. ...
CBI chief warns against 'no deal' Brexit image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:52:43 PM
....Pro-Brexit group Change Britain accused the CBI of being "proven wrong time and again on Europe" and said it should be "more optimistic" about the UK. Mr Drechsler's speech at the Lord Mayor's Business and Investment dinner in London, comes in the wake of similar warnings from the British Chambers of Commerce and former chancellor George Osborne earlier this week. ...
Universal credit cuts hit families with children hardest, study finds image
Source : Guardian [Read Article] Wednesday 1st of March 2017 10:00:46 AM
....Ministers predicted in 2011 that universal credit would take 900,000 individuals out of poverty, including 350,000 children, an assessment the study says the government now refuses to revisit in light of the changes. The chief executive of CPAG, Alison Garnham, called on ministers to use next week’s budget to make universal credit “fit for families” by reversing cuts to work allowances announced by the former chancellor George Osborne in 2015. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
.... It amounts to a tax giveaway of £38,400 for each of the estates affected, according to the figures. The four remaining seats in the top 100 are all Conservative-held, including Tatton in Cheshire, which is represented by George Osborne – who announced the policy when he was chancellor. ...
George Osborne warns against leaving EU without trade deal image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:18:11 PM
. George Osborne has warned that leaving the European Union without any trade deal would amount to "the biggest act of protectionism in British history. ...

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