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....Former pensions minister Steve Webb was highly critical of the GAD's scenario. "This is not what parliament voted for and is clearly driven by the Treasury. ... [Read full article on BBC ]
Thursday 23rd of March 2017 12:05:44 AM
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....His policies include penalties for companies which manufacture their products abroad. Speaking after the meeting ended, US Treasury Secretary Steve Mnuchin said he would not read too much into his country's desire to change the language behind the communique, as "what was as in the past" releases was "not relevant". ... [Read full article on BBC ]
Saturday 18th of March 2017 03:22:36 PM
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....Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. Forced to answer urgent questions in the House of Commons, the Treasury minister Simon Kirby announced the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) would be examining allegations that Britain’s banks processed vast amounts of tainted money from Russian criminals without noticing. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:33:29 PM
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....The remaining funds, for customers whom it could not contact, have been donated to various charities. The fine, which will be passed on to the Treasury, must be paid within 20 working days. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 11:35:44 AM
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....And it's not just the UKSA that is currently refusing to sign up for CPIH. The Treasury is one of the most important users of the CPI figures, using them to adjust some benefits, inflation-linked bonds, and crucially using it as the basis for the inflation targeting carried out by the Bank of England's interest rate-setters. ... [Read full article on BBC ]
Tuesday 21st of March 2017 12:18:54 AM
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....However, he called her omission an "honest mistake that was freely and transparently admitted" and "not a firing offence". He said he respected the Treasury Committee's decision to publish a highly critical report on Ms Hogg, as well as her decision to resign. ... [Read full article on BBC ]
Tuesday 21st of March 2017 11:22:41 AM
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.... However, this is only a small proportion of the £28. 8bn the tax is expected to bring in for the Treasury this year. ... [Read full article on Guardian ]
Monday 20th of March 2017 04:43:52 PM
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....2% between January and February. The Treasury said the government understood the financial pressures on households. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 11:27:08 AM
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....”. The North Sea oil industry has been a cash cow for the UK Treasury since the early 1980s. ... [Read full article on Guardian ]
Saturday 18th of March 2017 03:59:43 PM
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....In a speech at Threadneedle Street, Mark Carney said he had spoken to the top bosses of the major banks last week to tell them they should not feel under pressure to fire staff for making similar errors. Hogg, his number two, quit last week in the face of a damning report by the Treasury select committee into her failure to disclose that her brother worked at Barclays, which is regulated by the Bank of England. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 12:05:03 PM
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....First-time buyers have been helped by the slowdown in buy-to-let lending, which has halved in the last year, lessening competition for properties. Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. ... [Read full article on Daily Express ]
Sunday 19th of March 2017 12:01:00 AM
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....On Monday, former shadow cabinet minister Clive Lewis will table questions in parliament to each government department asking them to spell out their advertising spend with the newspaper since 2010, as well as future spending plans. The Treasury, where Osborne was chancellor for six years, had the largest budget for newspaper advertising of any government department in the last financial year, spending more than £2. ... [Read full article on Guardian ]
Sunday 19th of March 2017 08:00:16 PM
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Latest Finance News related to Treasury

State pension age could be raised to 70, says report image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:05:44 AM
....Former pensions minister Steve Webb was highly critical of the GAD's scenario. "This is not what parliament voted for and is clearly driven by the Treasury. ...
Plusnet fined £880,000 for billing former customers image
Source : BBC [Read Article] Wednesday 22nd of March 2017 11:35:44 AM
....The remaining funds, for customers whom it could not contact, have been donated to various charities. The fine, which will be passed on to the Treasury, must be paid within 20 working days. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
.... . Their warnings come after reports that the Treasury is considering a drastic cut to valuable pension incentives, designed to encourage people to save for retirement. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. Forced to answer urgent questions in the House of Commons, the Treasury minister Simon Kirby announced the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) would be examining allegations that Britain’s banks processed vast amounts of tainted money from Russian criminals without noticing. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
....Kirby was on a warning. Having recently been relieved of any involvement in Brexit after everyone realised he was hopelessly out of his depth, the Treasury was conducting a process of elimination to discover if there was anything he could do well. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
....In a speech at Threadneedle Street, Mark Carney said he had spoken to the top bosses of the major banks last week to tell them they should not feel under pressure to fire staff for making similar errors. Hogg, his number two, quit last week in the face of a damning report by the Treasury select committee into her failure to disclose that her brother worked at Barclays, which is regulated by the Bank of England. ...
Carney defends Bank of England over Hogg resignation image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:22:41 AM
....However, he called her omission an "honest mistake that was freely and transparently admitted" and "not a firing offence". He said he respected the Treasury Committee's decision to publish a highly critical report on Ms Hogg, as well as her decision to resign. ...
Reality Check image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:18:54 AM
....And it's not just the UKSA that is currently refusing to sign up for CPIH. The Treasury is one of the most important users of the CPI figures, using them to adjust some benefits, inflation-linked bonds, and crucially using it as the basis for the inflation targeting carried out by the Bank of England's interest rate-setters. ...
Save London's high streets from business rate hike, says mayor image
Source : Guardian [Read Article] Monday 20th of March 2017 04:43:52 PM
.... However, this is only a small proportion of the £28. 8bn the tax is expected to bring in for the Treasury this year. ...
Labour demands answers over George Osborne's Evening Standard job image
Source : Guardian [Read Article] Sunday 19th of March 2017 08:00:16 PM
....On Monday, former shadow cabinet minister Clive Lewis will table questions in parliament to each government department asking them to spell out their advertising spend with the newspaper since 2010, as well as future spending plans. The Treasury, where Osborne was chancellor for six years, had the largest budget for newspaper advertising of any government department in the last financial year, spending more than £2. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....First-time buyers have been helped by the slowdown in buy-to-let lending, which has halved in the last year, lessening competition for properties. Amateur landlords now make up just 8 per cent of market activity, Connells says, as the Treasury’s tax onslaught on the sector squeezes profits. ...
G20 finance ministers drop anti-protectionist pledge image
Source : BBC [Read Article] Saturday 18th of March 2017 03:22:36 PM
....His policies include penalties for companies which manufacture their products abroad. Speaking after the meeting ended, US Treasury Secretary Steve Mnuchin said he would not read too much into his country's desire to change the language behind the communique, as "what was as in the past" releases was "not relevant". ...
Good riddance to the unfair NIC tax rise. Now what about that £2bn black hole? | John McDonnell image
.... But Theresa May hailed the tax hike as “fair”. They and the chancellor now face serious questions: when did they become aware of the proposed change? They must have been, since the Treasury trailed it over the weekend before the budget. ...
Hammond's NICs U-turn is a political disaster for the government | Larry Elliott image
.... Hammond could have faced down some grumpy backbenchers; facing down the Daily Mail was another matter altogether. The chancellor’s letter to the Treasury select committee explaining his change of heart only made matters worse, however. ...
The Treasury drops NICs increase for self-employed in major U-turn - Politics live image
...
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U-turn over Budget plan to increase National Insurance image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:30:48 PM
....Analysis: By Kamal Ahmed, BBC economics editor. Beyond the political ramifications of Philip Hammond's U-turn on the Budget tax rise for the self-employed, the Treasury now has a new problem - the increase in the National Insurance rate was due to raise over £2bn by 2022. ...
Philip Hammond defends scrapping national insurance rise for the self-employed image
....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. Both the Treasury and No 10 insisted the decision, which leaves a £2bn hole in the chancellor’s budget plans over the next five years, had been taken jointly by May and Hammond. ...
Ikea drivers living in trucks for months image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:20 AM
.... . "There is a road safety risk, and the Treasury is losing a fortune in tax revenue. ...
Charlotte Hogg was right to resign, but the departure is cause for concern image
.... She jumped before she was pushed. The report from the Treasury select committee that sent Hogg on her way could hardly have been more damning about her failure to disclose the fact her brother worked for Barclays – a bank regulated and supervised by Threadneedle Street. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:40:11 AM
....She had been the Bank's chief operating officer since 2013. But news of her brother's job only emerged earlier this month, when she faced MPs on the Treasury Committee about her promotion to deputy governor. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....Charlotte Hogg has resigned as deputy governor of the Bank of England after MPs concluded she was not up to the role she was promoted into barely two weeks ago. Her departure was announced 25 minutes after the Treasury select committee published a highly critical report prompted by her failure to disclose that her brother works for Barclays, which is regulated by the Bank of England. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....The Government may struggle to meet its target of clearing the deficit in public finances by 2025 according to the official spending watchdog. Robert Chote, chairman of the Office for Budget Responsibility, was giving evidence before the Commons Treasury Committee. ...
Bank of England deputy Charlotte Hogg to face MPs' verdict image
Source : Guardian [Read Article] Monday 13th of March 2017 07:57:32 PM
....Charlotte Hogg faces a crucial 24 hours for her future as MPs prepare to publish a report into whether she is suitable to hold the post of deputy governor of the Bank of England. Hogg has been braced for criticism since her admission to MPs on the Treasury select committee that she had she failed to disclose potential conflicts of interest. ...
Budget help for pubs only a 'stay of execution', says MP image
Source : Guardian [Read Article] Monday 13th of March 2017 06:34:39 PM
.... Of the remainder, about 12,000 pubs already got rates relief because they were classed as small businesses. A Treasury spokesman said: “The budget announced a £1,000 business rates discount for the 90% of pubs in England which have a rateable value below £100,000. ...
Trump is set to win the battle on interest rates, but US economy will pay the price image
.... But all the signs are that the president and his chief advisers will ignore these negative effects. Treasury secretary Steve Mnuchin, like Trump, believes the administration is about to unleash an economic revolution that will spark rocketing growth without the inflationary pressures that spur interest rate rises. ...
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
....Which brings us back to industrial strategy. The Treasury was developing an industrial strategy under the premiership of James Callaghan and chancellor Denis Healey in 1976-79, but this was abandoned by the Thatcher governments from 1979 and contemptuously dismissed as a failed policy of trying to “pick winners”. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
. Tradition has it that, the week after the budget, the Treasury select committee gives the chancellor of the exchequer a good grilling about his sums. ...
Isas back in favour after tax allowance hike image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
.... The previous chancellor, George Osborne, introduced a series of measures that rendered them unnecessary for most ordinary savers. People can now earn up to £1,000 interest on cash savings, and were in line to obtain up to £5,000 in share dividends without having to declare it to the Treasury. ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
.... The same goes for anyone who receives less than £2,000 a year in dividends from investments not held within an Isa. The Treasury says: “Typically, general investors will need over £50,000-worth of stocks and shares outside an Isa to be affected. ...
Road tax rises image
Source : BBC [Read Article] Friday 10th of March 2017 10:07:22 PM
.... . As more cars get cleaner, the existing rules have cut back the Treasury's income - hence these changes. ...
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
....Hogg had told MPs that the Bank, run by governor Mark Carney, was aware of Quintin Hogg’s role at the high street lender. However, days later she was forced to write to the Treasury select committee to admit she had not told colleagues of her brother’s job as Barclays’ director of strategy when she joined the institution in 2013. ...
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
.... However, Steve Baker, of the European Research Group, which coordinates pro-Brexit MPs, described that as “ludicrous”. One backbencher said a number of MPs were instead blaming the chief secretary to the Treasury, David Gauke, the only member of the team with long experience in the department. ...
Banker Charlotte Hogg’s error is a cautionary tale for the privileged | Deborah Orr image
....Charlotte Hogg is the economist who last month was made deputy governor, markets and banking, of the Bank of England. Hogg took up the role at the start of this month, and over the weekend the Treasury committee will decide where it stands on the matter. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
....“While commercial loans are available to non-incorporated landlords they tend to be a source of funding more commonly used by limited companies looking to expand their property portfolios, so we’d expect to see this trend develop as the year plays out. “However, we know that the Treasury is concerned by the drop in tax revenues as a result of businesses across the economy incorporating to reduce their tax bills, and the Chancellor hinted at a review into the matter during his Autumn Statement last year. ...
Doubts over new 'leading' savings deal announced in Budget image
Source : BBC [Read Article] Friday 10th of March 2017 10:37:00 AM
....Comparison website Moneyfacts said that a savings deal with the same rate of interest allows savers to deposit up to £100,000, although it does not have the same government security. The Treasury, in the Budget documents, said that the majority of savers had limited funds to save. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
....But Mrs May said the poorest workers would pay less and the change would "close the gap in contributions". She said a bill to bring in the change would come in the autumn - not the summer as the Treasury earlier briefed. ...
Philip Hammond criticised for exaggerating pub relief scheme image
Source : Guardian [Read Article] Thursday 9th of March 2017 07:03:46 PM
.... The government has estimated the cost of the measure at just £25m. Business rates will bring in almost £30bn for the Treasury this year, making it one of the government’s biggest sources of income. ...
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. ...
No rights, more tax: this is Conservative ‘fairness’ for the self-employed | Frances O’Grady image
.... This fall has led to a big problem for government revenues. TUC research published last month showed that the growth of low-paid self-employment is costing the Treasury more than £2bn a year. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
....The PRA had welcomed the bank's decision to put itself up for sale. But the planned sales raised concerns from the former business secretary, Sir Vince Cable, and two Treasury Committee MPs. ...
Budget 2017: Squeeze on family finances 'extended until 2020s' image
Source : BBC [Read Article] Thursday 9th of March 2017 07:40:05 AM
....It will leave the poorest third of households worse off than in the years after the financial crisis, it said. The Treasury says it has helped poorer workers by increasing the Living Wage. ...
Budget 2017: Asset sales to thank for UK's figures? image
Source : BBC [Read Article] Wednesday 8th of March 2017 11:50:23 PM
. Speaking to Newsnight's Evan Davis, Chief Secretary to the Treasury David Gauke said the economy was moving in the right direction. ...
Related to :
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
.... “The deficit is down but debt is still too high,” the chancellor said as he banked a one-off windfall from stronger-than-expected tax receipts since the EU referendum. The NICs move will boost Treasury revenues by just over £600m in 2019-20 but was condemned by Labour, the Liberal Democrats and some Conservatives. ...
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
....All the same, the cut in dividend allowance will capture a lot of wealthy investors who, to put it mildly, probably aren’t natural Labour voters. To be affected by the change, an individual would have to own a share portfolio worth more than £50,000, the Treasury calculated, which sounds about right if a 4% dividend yield is assumed. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
....None of those conditions currently apply. Borrowing has been revised down sharply for the current financial year, but the Treasury will still need almost £52bn to balance the books. ...
RBS awards nearly £16m of bonuses in shares to nine top executives image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:57:42 PM
....Loss-making Royal Bank of Scotland has awarded bonuses in shares to its top management team worth almost £16m. The bank revealed the bonus awards to nine executives an hour after Philip Hammond delivered his budget and said he was “uncertain” as to when the Treasury would be able to sell off any of its 73% stake in the bailed-out bank. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
....Make no mistake, this is a big change in UK tax policy (and a major manifesto U-turn). In cash terms it will appear pretty negligible in its first year, but within five years it will be raking in an extra £2bn a year for the Treasury. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
....The change is the biggest tax raiser in Chancellor Philip Hammond's Budget. It will net an increasing amount for the Treasury, bringing in £930m in 2021-22. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
....He said that over the next three years (2017-20) the government would allocate extra money for social care. The Treasury's Red Book, which spells out the changes, says this will cost an extra £3. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....The chancellor said he would increase class four national insurance contributions (NICs) by one percentage point to 10% in April 2018, rising again to 11% in 2019. A Labour spokesman condemned what he called a “sole traders tax” – though the Treasury pointed out that the changes would only hit those whose profits exceeded £8,000, and many of those were due to benefit from a separate change due to take effect in April, which will see class two NICs, also paid by the self-employed, abolished. ...
Budget: National Insurance rise criticised image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:42:03 PM
....80 a week. The increase in the NICS rate will raise £145m a year for the Treasury by 2021-22. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....RM: This is as expected, with few details in the speech, with the government once again channelling Ed Miliband, who hit out at ‘rip-off Britain’ in the previous parliament. RM: A big theme of the Treasury under Hammond has been improving training opportunities in science and technology. ...
Budget 2017: Chancellor announces North Sea help image
Source : BBC [Read Article] Tuesday 7th of March 2017 10:29:53 PM
.... . The Treasury said the moves would further help a vital industry that meets around 50% of the UK's primary energy needs. ...
ZTE fined $1.1bn for flouting US sanctions against Iran image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:17:10 PM
....". The company reached the agreement with the US Justice, Commerce and Treasury departments. ...
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
....Philip Hammond is likely to close loopholes in Wednesday’s budget that mean many self-employed workers pay less tax than their salaried counterparts – but he will come under pressure to ensure they receive better rights in return. The Treasury is concerned that the growing prevalence of self-employment is not just driven by entrepreneurialism in the “gig economy”, but by tax avoidance, which will progressively undermine Britain’s tax base. ...
Bank deputy Charlotte Hogg admits breaching guidelines image
Source : BBC [Read Article] Tuesday 7th of March 2017 04:00:30 PM
....The oversight has an extra poignancy since Ms Hogg helped to produce the Bank's code of conduct. Treasury committee member, John Mann, said: "It is simply incredible that such a senior person at the Bank of England has behaved in this manner. ...
Schools with solar panels face £1.8m bill due to business rates rise image
Source : Guardian [Read Article] Tuesday 7th of March 2017 11:54:42 AM
....”. Children from Eleanor Palmer primary school in Camden, north London, handed in a Greenpeace-organised petition with 200,000 signatures to the Treasury on Thursday, calling on ministers to rethink their plans. ...
Bank of England deputy governor gets warning over conflict of interest image
....Carney took the disciplinary action just days after Hogg took up the role as deputy governor for markets and banking on 1 March, replacing Minouche Shafik. Hogg apologised for giving inaccurate evidence to MPs on the Treasury committee when she appeared at a hearing about her appointment on 28 February. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....Chas Roy-Chowhdury, of the ACCA accountancy body, says having one "fiscal" event each year "keeps it simple and stops overloading us with complexity". Treasury plays Budget Eeyore. ...
Hammond urged to tackle 'catastrophic' effect of rising inflation image
Source : Guardian [Read Article] Monday 6th of March 2017 01:13:37 PM
....For a single parent in work with one child the figure lost has risen from £365 to £500; for a single parent out of work from £300 to £415 and for a single unemployed person from £170 to £235. A Treasury spokesperson said: “Getting people into work is the best way to sustainably raise living standards, and our welfare reforms are designed to make sure that work always pays. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
....A study by the IFS before the budget found that if welfare cuts are implemented as planned, the poorest 15% of the population are likely to have lower incomes in five years’ time as a freeze in benefits and universal credit – which on average will be less than the benefits it replaces – take their toll. Part of the Treasury’s response to that report was to highlight how it was “cutting taxes for millions of working people”. ...
Snap and Sorrell are wrong: powerful bosses can become untouchable insiders image
....com reckons that in half of all cases in the last 12 months where a PPI claim has been rejected by a bank but then taken to the independent ombudsman, the rejection had been overturned. Read these words Andrew Tyrie, chair of the Treasury select committee, uttered some characteristically choice words last week when he took evidence from Charlotte Hogg, a newly appointed deputy governor of the Bank of England. ...
Creative sector fills UK coffers as money pours into film and TV production image
....35bn was “inward investment” from mostly US studios, an 18% increase on 2015, looking to take advantage of tax breaks and the country’s abundance of off-screen and on-screen talent – from special effects specialists to actors. “As far as the UK economy and Treasury are concerned, it is a great success story,” said Ivan Dunleavy, chief executive of the parent company of Pinewood and Shepperton studios, which hosted Rogue One. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
....This will be the last ever Spring Budget, with the main event moving to the autumn from then on. The leading man in the Treasury has changed. ...
Subscription traps may have to give notice of charges in crackdown image
Source : Guardian [Read Article] Saturday 4th of March 2017 12:01:00 AM
....Philip Hammond will set out elements of a forthcoming consultation on better protection for consumers who sign up for such offers, familiar from Amazon Prime, Netflix, magazine subscriptions and gym memberships. The Treasury said one problem was that regular payments could be deducted from people’s accounts even if they had not given explicit permission for this. ...
Business rates: Sajid Javid considers rates discount plan image
Source : BBC [Read Article] Friday 3rd of March 2017 12:00:41 AM
....It presented a number of proposals to Mr Javid during a meeting on Wednesday. The Treasury is trying to come up with some additional help for small firms after an outcry from businesses. ...
REVEALED: Winners and losers of Bank of England's money-printing programme  image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 04:57:00 PM
....". The Treasury Select Committee has launched an inquiry into the effectiveness and impact of Bank of England policies since 2009. ...
IFS: Growth in UK living standards worst in 60 years image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....6% in the final quarter of 2016, despite record rates of employment. Responding to the IFS report, a spokesperson for the Treasury said: “We are taking action to support families with the costs of living by cutting taxes for millions of working people, doubling free childcare for nearly 400,000 working parents and introducing the “national living wage” – a significant pay rise for the lowest earners. ...

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