Topic filter : Expenditure

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.... I worry about these visible cutbacks more than most, being a flying phobic, but everyone’s fear of flying is on the increase – for obvious reasons. I think British Airways should forget about developing its own “budget” airline and certainly stop shaving expenditure on its flagship brand. ... [Read full article on Guardian ]
Sunday 26th of March 2017 12:01:15 AM
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....All taxes, except a “lump-sum tax”, introduce distortions in the economy. But no government can impose a lump-sum tax – the same amount for everyone regardless of their income or expenditures – because it would fall most heavily on those with less income, and it would grind the poor, who might be unable to pay it at all. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 11:18:12 AM
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....Add it all up and Next’s current troubles don’t look severe, assuming it remembers who its customers are. This is still a business that expects to generate surplus cash this year of £300m after capital expenditure and after paying an ordinary dividend that offers a yield of 3. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 07:27:45 PM
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Latest Finance News related to Expenditure

Please bring back my old British Airways | Victoria Coren Mitchell image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:01:15 AM
.... I worry about these visible cutbacks more than most, being a flying phobic, but everyone’s fear of flying is on the increase – for obvious reasons. I think British Airways should forget about developing its own “budget” airline and certainly stop shaving expenditure on its flagship brand. ...
What next for Next? Decline, if it comes, should still be profitable | Nils Pratley image
....Add it all up and Next’s current troubles don’t look severe, assuming it remembers who its customers are. This is still a business that expects to generate surplus cash this year of £300m after capital expenditure and after paying an ordinary dividend that offers a yield of 3. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
....All taxes, except a “lump-sum tax”, introduce distortions in the economy. But no government can impose a lump-sum tax – the same amount for everyone regardless of their income or expenditures – because it would fall most heavily on those with less income, and it would grind the poor, who might be unable to pay it at all. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
.... It’s challenging,” said Burch. “Against UK progress it would be years and years away, but if you look at how much other EU countries have raised their R&D expenditure over the last year as a percentage of GDP, if the UK could step up and replicate what is happening on the EU average we would hit it before 2025. ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....Almost two thirds fear they will not be able to afford a decent standard of living in retirement as they are not saving enough, with the self-employed particularly vulnerable. Old Mutual chief executive Paul Feeney said many people do not have sufficient disposable income to fund long-term savings: “They have only small sums that are often earmarked for short-term expenditure, such as holidays or property. ...
In the Hunt image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:41 AM
....Outside of the racing arena, academics at the University of Gloucestershire's Centre of Contemporary Accounting Research estimate that the four days of racing brings more than £100m to the Gloucestershire economy. "That does not include spending at the racecourse itself but expenditure on things like accommodation, food and drink in the town," says Mr Renton. ...
Shell’s sale of dirty tar sands assets cleans up debt and spruces image image
....He said the company “wants to be in the vanguard” of that transition to cleaner energy. Shell created a new energy division last year which is targeting an annual spend of $1bn by the end of the decade, or 4% of the $25bn capital expenditure it plans this year. ...
Australia avoids recession as GDP grows 1.1% in December quarter image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:43:59 AM
....Australia continues to close in on the Netherlands’ record of 103 quarters without a recession, which Deloitte Access Economics has predicted it will surpass this year. The ABS found that household final consumption expenditure contributed 0. ...
State pension age will be higher than life expectancy if 'triple lock' not axed, say MPs image
.... That would be a real terms reduction £15billion at today's prices, the equivalent to 4p on the basic rate of income tax. In contrast, the IFS estimated that if expenditure on pensions was to be maintained at current levels of around six per cent of GDP. ...
State pension age 'could rise above lifespan' in poorer areas, say MPs image
....In November the committee said the policy should be scrapped. The committee commissioned the Institute for Fiscal Studies to estimate the extra state pension age increases that would be needed to maintain expenditure at about 6% of GDP (Gross Domestic Product). ...
Raising pension age will mean many people die before getting it, say MPs image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:01:21 AM
....1. Frank Field, the MP who chairs the committee, said: “With the triple lock in place, the only way state pension expenditure can be made sustainable is to keep raising the state pension age. ...
High energy bills here to stay but jobs heading overseas, industry group warns image
....To remedy the problems, the report recommends policies to encourage the development of new gas fields and more efficient household case use to ease pressure on supply and demand. It also suggested that despite the huge expenditure on LNG export terminals, one way to reduce Australia’s energy squeeze would be to build an import terminal on the east coast. ...
German budget surplus highest since 1990 image
Source : BBC [Read Article] Thursday 23rd of February 2017 02:29:14 PM
....Germany's budget surplus hit a post-reunification high of nearly 24bn euros (£20bn) in 2016 boosted by a higher tax take and increased employment. This is the third year running that German government revenue has outstripped expenditure. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
....But there are actions Unilever could take without trampling on its heritage. Bernstein analyst Andrew Wood set out five this week: sell the perennially underperforming Flora spreads business; demand higher profit margins; be tighter on capital expenditure; use the strong balance sheet to buy more small businesses or to return cash to shareholders; communicate with investors better. ...
Global arms trade reaches highest point since cold war era image
Source : Guardian [Read Article] Monday 20th of February 2017 12:02:22 AM
.... China, France and Germany were also among the top five exporters. “With no regional arms control instruments in place, states in Asia continue to expand their arsenals,” said Siemon Wezeman, senior researcher at Sipri’s arms and military expenditure programme. ...
HMRC overhaul: What are the five changes proposed for UK tax system?  image
Source : Daily Express [Read Article] Monday 13th of February 2017 10:26:00 AM
....This will be done through a digital tax account. Taxpayers will be able to report changes and submit information, such as income and expenditure, online. ...
Weak pound and rising inflation push clothing spend to five-year low image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....1%. After increasing solidly over the final quarter of 2016, the spending barometer points to a “much softer pace” of expenditure growth at the start of 2017, according to Annabel Fiddes, an economist at IHS Markit. ...
Does UK’s lucrative arms trade come at the cost of political repression? image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:00:37 AM
....This may be welcome news to an industry that has found the going tough in the past five years. “From 2010 to 2015, austerity ruled and there were significant reductions overall in UK expenditure,” said Paul Everitt, chief executive of ADS, the trade body that represents the interests of the UK defence sector. ...
The cost of living is easing. So why doesn't it feel that way? | Greg Jericho image
.... A major reason for this is that such households are on average more likely to contain smokers, and as I noted last week, tobacco prices are rising well above all other items. The ABS uses household expenditure data to work out how much on average each type of household spends on items. ...
The Trump effect has rallied US markets – but it's based on illusion | Robert Shiller image
.... The US has a policy of overall inflation. The US Federal Reserve has set an inflation “objective” of 2% in terms of the personal consumption expenditure deflator. ...
Norway’s $885bn-nil advantage in Britain’s sea of social troubles image
Source : Guardian [Read Article] Sunday 15th of January 2017 12:51:15 PM
.... Thomas Aubrey, who runs the Centre for Progressive Capitalism, says in a report that one problem limiting new house building is that the local infrastructure needed to support new developments is low. This is because it tends to be paid for out of general public expenditure and when it comes to a list of government priorities, a new road or bridge ranks lower than an NHS funding crisis. ...
Aldi reports record Christmas sales image
Source : BBC [Read Article] Monday 9th of January 2017 12:05:48 AM
....Earlier, a report from payment card company Visa suggested that the final three months of last year saw the strongest quarterly growth in consumer spending in two years. Its research, which reflects cash and card spending, showed expenditure rising at an annual rate of 2. ...
Consumer spending slowed over Christmas period, Visa figures show image
Source : Guardian [Read Article] Monday 9th of January 2017 12:01:01 AM
....The consultancy IHS Markit, which compiles Visa’s spending report, joined others in warning of a tougher outlook ahead for retailers and other consumer-facing businesses as prices start to tick higher because the weak pound is making imports more expensive. Annabel Fiddes, an IHS Markit economist, said: “The UK economy remains in a strong overall position to support expenditure growth into 2017. ...
For love or money image
Source : BBC [Read Article] Sunday 8th of January 2017 12:56:25 AM
....The manager that day was Eric Leenders, now the managing director of retail banking at the British Bankers' Association. "Typically joint accounts are used by couples for pooled income and expenditure, the trigger is often when they move in together and start paying the bills," he says. ...
Ford cancels plans for Mexico plant as Donald Trump threatens to tax GM image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 02:49:16 PM
....Car sales are expected to drop across the industry this year: Fiat Chrysler has canceled all of its compact and midsize sedans and American automakers are bracing for a leaner 2017 after setting records in 2016. For its part, Ford must slash $3bn a year from its expenditures this year and next year, the company told shareholders in the fall; it is shifting resources to electrification and automation. ...
Payday loans are capped. Now let’s tackle other high-cost credit | Gillian Guy image
....Not all problems have been solved. The majority of lenders still do not ask for proof of income and expenditure. ...
Rising cost of essentials leaves UK households with less cash for treats image
Source : Guardian [Read Article] Tuesday 27th of December 2016 12:01:01 AM
....6% on the year – the biggest increase in 20 months. “2016 has been a year of sustained growth in consumer outgoings, with the steady rise in expenditure on food and fuel driving a significant increase in overall essential spending,” said Robin Bulloch, managing director at Lloyds. ...
Festive food shoppers brace for battle on ‘frenzied Friday’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
.... It estimates that shoppers will spend £894m – or £865,158 a minute – on food, drink and gifts that day. Spending in Britain is set to make up 25% of total expenditure that Friday across Europe. ...
IBM vows to hire 25,000 staff as tech chiefs meet Trump image
Source : BBC [Read Article] Wednesday 14th of December 2016 08:52:41 AM
.... Many tech companies recruit talent from overseas. It was unclear from Ms Rometty's article how many of the new hirings would be offset by reductions among current staff, or how much of an increase the $1bn represents compared with current expenditure. ...
Scottish auditors to investigate £9bn private finance bill image
Source : Guardian [Read Article] Wednesday 14th of December 2016 07:00:19 AM
.... It is understood preparatory work for the investigation has already begun. The error over interpreting EU rules is expected to cost Nicola Sturgeon’s government the equivalent of £932m in lost expenditure because it must now match the private finance spending under the NPD programme with money borrowed from the Treasury. ...
Greece 'boxed in' as EU and IMF fight over nation's debt relief plan image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:34:40 PM
....”. Athens, they said, had agreed to achieve a budget surplus – where state tax income exceeds expenditure – of 3. ...
Greece under fire over Christmas bonus for low-income pensioners image
Source : Guardian [Read Article] Friday 9th of December 2016 06:52:09 PM
....Ignoring creditor anger, Tsipras’s beleaguered administration dug in its heels late on Friday, saying the bonus did not threaten fiscal targets and would not be rescinded. “It is up to the Greek government to distribute expenditure in the way it sees most fit and socially correct, as long as agreed goals are reached,” the prime minister’s office said. ...
Japan's third-quarter growth rate revised down sharply image
Source : BBC [Read Article] Thursday 8th of December 2016 11:01:36 AM
....The new data indicated that investment by companies in the quarter had been weaker than initially estimated. Capital expenditure fell 0. ...
Australian GDP: economy shrinks by 0.5% in September quarter image
Source : Guardian [Read Article] Wednesday 7th of December 2016 02:00:59 AM
....The Bureau of Statistics data showed economic activity contracted in a range of areas in the last quarter, highlighting the ongoing fragility of the economy. Falls in public expenditure, net exports, private investment in new buildings, new engineering, and new and used dwellings all detracted significantly from growth. ...
British arms companies buck global trend with increase in sales image
Source : Guardian [Read Article] Monday 5th of December 2016 12:01:08 AM
.... Lockheed and Boeing occupy the top two spots, with the UK’s BAE Systems in third place. Andre Fleurant, director of SIPRI’s arms and military expenditure programme, said: “Lockheed Martin remains the largest arms producer in the world. ...
Demand is weak and investment’s faltering. That’s OK then image
Source : Guardian [Read Article] Sunday 4th of December 2016 07:00:07 AM
....Bull, who describes the move to increase the number of electric vehicles on UK roads as “gloriously inconsistent” with the government’s reduction last year in subsidies for renewable electricity generators, asked who would benefit from this extra tax relief and how much it would be worth. HMRC’s answer was: “In practice it [the new tax relief] impacts only on those businesses with qualifying plant and machinery expenditure above the level of the annual investment allowance of £200,000. ...
Mourinho faces tax probe call over Sunday Times claims image
Source : BBC [Read Article] Sunday 4th of December 2016 12:05:04 AM
....The statement added that the allegations stemmed from a cyber attack earlier this year on some sports agents, details of which were prohibited by a Spanish court from being published. The head of HMRC will appear before Ms Hillier's committee - which is responsible for overseeing government expenditure - this week. ...
Run the NHS and social care like John Lewis, says Frank Field image
Source : Guardian [Read Article] Friday 2nd of December 2016 06:00:08 AM
.... “It would reinforce affection for this one great institution that has survived the dismantling of Attlee’s post-war consensus. “A John Lewis model would not allow members to overturn the whole system but they would have a decisive say on expenditure levels and the culture of the organisation. ...
Philip Hammond says Nissan deal will create no new liabilities image
Source : Guardian [Read Article] Wednesday 30th of November 2016 06:42:47 PM
....Hammond said in a letter to Andrew Tyrie, the chair of the Treasury select committee, that “no new contingent liabilities have been created in respect of government reassurances provided to Nissan”. Hammond added: “In any case, we expect any commitments incurring costs to be managed within existing overall departmental expenditure limit totals. ...
US economic growth revised up for third quarter image
Source : BBC [Read Article] Tuesday 29th of November 2016 03:22:50 PM
....The GDP figure is a measure of the goods and services produced across the US economy. The Commerce Department said: "The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures, exports, private inventory investment, and federal government spending, that were partly offset by negative contributions from residential fixed investment and state and local government spending. ...
Price cap on rent-to-own goods possible, says FCA image
Source : BBC [Read Article] Tuesday 29th of November 2016 07:00:32 AM
...."They didn't really do a credit check," she said. "All they wanted was your income and what your expenditure was. ...
Housing gets £4bn boost to increase number of new homes image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....Philip Hammond said the government had made good progress, with the number of new homes being built last year hitting an eight-year high, but “for too many, the goal of home ownership remains out of reach”. He added that the challenge of delivering housing was not new “but the effect of unaffordable housing on our nation’s productivity makes it an urgent one”, and said the government planned to more than double capital expenditure on housing. ...
Autumn statement more Fifty Shades of Grey than Pride and Prejudice image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 07:47:36 PM
....Money has become available because Hammond has dispensed with George Osborne’s plan to run a budget surplus by the end of the current parliament in 2019-20. By pushing deficit reduction beyond the next election, the chancellor has given himself scope for some additional public expenditure while at the same time holding something back in case the relatively benign forecasts for the economy from the Office for Budget Responsibility (OBR) prove optimistic. ...
Tricky situation image
Source : BBC [Read Article] Sunday 20th of November 2016 11:43:54 AM
....That leaves him with an interesting choice. He could switch to a promise more easily realised - such as promising to spend less than his income on day-to-day expenditure like benefits and civil service wages but allowing borrowing for investment. ...
The Guardian view on the autumn statement: a break with past thinking please | Editorial image
.... Brexit has not caused a crash, but it will lead to a slowing down as businesses defer investments and uncertain households delay plans to spend. What’s needed is not expenditure cuts, but a fiscal stimulus to fuel the domestic economy. ...
Can Trump strike the right balance on monetary policy? image
Source : Guardian [Read Article] Friday 18th of November 2016 10:42:32 AM
.... Similarly, if Trump really does want to redistribute some income from capital to labour, and from corporate profits to wages (admittedly a big “if”), his policies could boost consumption. But his populist, protectionist policies would undermine business confidence, and thus capital expenditures, while reducing consumers’ purchasing power through higher inflation. ...
Royal Mail says Brexit uncertainty causing dip in junk mail sent by post image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:47:38 PM
....Moya Greene, Royal Mail’s chief executive, said the performance was “broadly in line with our expectations” and the drop in letter volumes was within the company’s forecast. Greene also revealed that Royal Mail is increasing the amount it intends to cut by 2018 from £500m to £600m and is reducing its capital expenditure from an average of £615m per year over the last three years to £500m. ...
Shell to cut 380 jobs in Glasgow finance office image
Source : Guardian [Read Article] Wednesday 16th of November 2016 12:46:11 PM
....”. The Glasgow office is part of a division that manages financial reporting, corporate governance risk and travel and expenditure. ...
Cost of cake set to rise, says Mr Kipling maker image
Source : Guardian [Read Article] Tuesday 15th of November 2016 07:15:13 PM
.... Last month, Premier Foods said sales and profits were lower than expected in the last three months of that period after the exceptionally hot weather in September dampened customers’ appetites for gravy and desserts. However, Darby said that he believed Premier was on track to meet sales targets for the year and had a competitive advantage because 89% of its expenditure was with UK suppliers and it manufactured 95% of its goods in the UK. ...
Japan economy: Exports help faster-than-expected growth image
Source : BBC [Read Article] Monday 14th of November 2016 01:00:24 AM
....However, analysts said this pace could not be sustained given Japan's reliance on exports. "Consumption is barely there, and in capital expenditure there no growth . ...
Should we split the cost of a two-family holiday by the number of children? image
Source : Guardian [Read Article] Saturday 12th of November 2016 07:00:43 AM
....We often go on holiday with another family – we have two children while they have three. We’ve always halved the costs, but now the kids are older is it reasonable to divide the expenditure differently, given there are five of them and four of us?. ...
Small businesses may end up paying the price for digital tax system image
Source : Guardian [Read Article] Thursday 10th of November 2016 12:00:32 PM
....However, according to the government, many businesses might not in fact need to buy new software. Its digital roadmap states: “Businesses will be required to use digital tools, such as software or apps, to keep records of their income and expenditure. ...
Business winners and losers from a Donald Trump presidency image
Source : Guardian [Read Article] Wednesday 9th of November 2016 04:25:51 PM
....Trump’s plans to reduce individual and corporate tax bills could help lift the economy and boost consumer spending. They will benefit if Trump either persuades Nato to increase defence spending or if he reduces US involvement in Europe and forces local governments to lift their own expenditure. ...
Oil giant BP sees profits nearly halve image
Source : BBC [Read Article] Tuesday 1st of November 2016 08:22:32 AM
....BP also cut its investment plans for this year. It now expects to spend $16bn on capital expenditure, compared with a previous prediction of $17-19bn. ...
Scary Monsters, Super Sales image
Source : BBC [Read Article] Sunday 30th of October 2016 02:08:05 PM
....This century, the Great Pumpkin has truly arrived in retail. In the US, expenditure is expected to hit $8. ...
Time is money: here's how to save some when the clocks go back this weekend image
....com to find the best buys, or call your provider to discuss your options. You will need: Your last mortgage statement with the balance and rate, recent payslips, P60 and details of your expenditure (you can see this on your current account). ...
BrightHouse admits affordability checks are hurting business model image
Source : Guardian [Read Article] Tuesday 4th of October 2016 05:54:53 PM
....The FCA revealed in the summer that it was concerned about some practices in the rent-to-own sector, including the way in which major players such as BrightHouse had been dealing with affordability assessments and customers who fall behind on payments. “We have made changes to our customer sign-up process to include a more detailed assessment of income and expenditure,” said BrightHouse’s chairman, Henry Staunton, in accounts filed at Companies House. ...
Six billion plastic bags can’t be wrong – so what do we tax next? image
Source : Guardian [Read Article] Monday 3rd of October 2016 06:10:09 AM
.... Bags for life and, in particular, cotton bags require much more energy – and carbon emissions – to produce. A study by the Environment Agency found a “resource expenditure” of just 2kg of carbon per plastic bag: a paper bag would need to be used seven times to achieve the same per-use expenditure; a cotton bag would need to be used 327 times. ...
Struggling to get on the housing ladder? Why not buy with friends image
Source : Guardian [Read Article] Monday 26th of September 2016 05:59:22 AM
....If you are not putting in the same amount towards the deposit, mortgage and other expenses, it’s important to get everything documented in a formal declaration of trust. This ensures everyone is clear about how much each buyer is putting in, and should include contributions towards deposits, stamp duty and legal fees, as well as how much each person is paying each month in terms of the mortgage and other expenditure. ...
Morrisons offers students 10% off groceries image
Source : Guardian [Read Article] Wednesday 21st of September 2016 03:54:05 PM
....“We listened to students and they told us that they would be more loyal to a supermarket that offered the sort of discounts that they get on rail travel, clothes and eating out,” said Rebecca Singleton, Morrisons director of local solutions. A recent survey by NatWest bank found that grocery shopping was students’ biggest weekly expenditure after rent, with food and drink costing a average of £19. ...
Ikea reports record sales as Poland and China soar image
Source : BBC [Read Article] Tuesday 13th of September 2016 08:55:48 AM
....Ikea recently began offering some items online for either home delivery or collection - a departure from its traditional model of customers loading flat-pack items onto a trolley themselves. Online is taking a greater share of the UK furniture and floorcoverings market, with sales up 15% last year to account for just over 12% of expenditure, according to Verdict Retail. ...
How parents can reduce the cost of school uniforms image
Source : Guardian [Read Article] Saturday 27th of August 2016 06:00:00 AM
.... Their costs have been astronomical, with their blazers costing £100 a piece. “Now maybe £100 isn’t too much if the quality will last everyday usage and it doesn’t have to be replaced yearly, but I fear that won’t be the case and it’ll be an annual expenditure for us. ...
Ramen noodles 'are most valuable US prison commodity', study suggests image
....7bn) on prison services in 2012. But expenditure has not kept up with a growing state prison population, which saw a rise of 343% between 1980 and 2013, although it has now declined slightly. ...
Japan's economic growth weaker than forecast image
Source : BBC [Read Article] Monday 15th of August 2016 12:13:28 AM
....Timothy Graf, head of macro strategy at State Street Global Markets said Japan's growth figures "could have been a lot worse". There are "worries building over slowing domestic consumption, capital expenditure and the potential for weaker net exports thanks to a stronger yen," he said. ...
A knife-point attack on holiday, mobiles stolen … then a £5,789 bill from Vodafone image
.... Most now provide a free number to report thefts which you should note on paper as well as on your phone. Under the new voluntary code, participating companies offer a cap on monthly expenditure so that if this is exceeded through fraudulent activity you are not liable even before a theft is reported. ...

Britain should commemorate Gerald Westminster, a patriot and visionary
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Source : Telegraph [Read Article] Saturday 13th of August 2016 05:30:00 PM
.... In the 21st century, they moved on to Liverpool. We should all be grateful that their fortune did not disappear into the maw of government expenditure and government waste. ...
UK construction output falls in June image
Source : BBC [Read Article] Friday 12th of August 2016 08:56:01 AM
...."The downturn looks set to deepen in the third quarter," said Samuel Tombs from Pantheon Economics. "Meanwhile, Brexit negotiations will be protracted, so businesses will hold off committing to major capital expenditure for a long time to come," he added. ...

Theresa May follows in Margaret Thatcher's footsteps as she takes a holiday in Switzerland
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....In the summer of 1983 Baroness Thatcher stayed with the Glovers to recuperate from an eye operation. Even though she was supposed to be resting she signed off a personal minute to all Cabinet ministers urging them to work out with the chief secretary to the Treasury the longer term trends in public expenditure. ...

It’s time for a thaw in our relations with Russia 
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Source : Telegraph [Read Article] Wednesday 10th of August 2016 05:21:03 PM
.... Talk in Nato is all of the danger of a Russian grab for Estonia. Nato forces in the region are being significantly augmented, with the US in particular announcing a quadrupling of its defence expenditure in Europe. ...

Lloyds boss Antonio Horta-Osorio probed by his own bank over expenses for trip where he 'had a tryst with a former Blair adviser' 
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....He has now been investigated by his own bank, which said it had found no breach of policy and that the chief executive, who earned £8. 77m last year, had not claimed business expenses for personal expenditure. ...

MPs spent over half a million pounds last year on ‘fact-finding’ missions
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...."Far too often these "fact finding missions" just look like a jolly for MPs and their staff and they need to demonstrate to taxpayers that they are getting value for money. A House of Commons spokeswoman said: “Committee foreign travel expenditure is strictly authorised for two purposes: visits to European institutions and visits which are integral to a committee’s work in conducting inquiries that scrutinise and hold Government to account”. ...
HMRC claims victory in film tax battle image
Source : BBC [Read Article] Friday 5th of August 2016 11:35:12 AM
.... . But only 30% of the expenditure was actually funded from the partners' cash, the other 70% was routed through the partnership on paper only. ...
Construction industry sees loss of momentum, PMI survey says image
Source : BBC [Read Article] Tuesday 2nd of August 2016 09:40:50 AM
...."In our view it is too early to precisely predict end-market demand and we will continue to monitor the lead indicators we track and will react accordingly," it added. Samuel Tombs from Pantheon Economics said that given the Brexit negotiations were likely to be protracted, businesses will remain "reluctant to commit to major capital expenditure for a long time to come". ...

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