British banks are proposing to create a £1.5 billion fund to for small businesses in the wake of the government criticising a lack bank business lending.
The plan, termed the “business growth fund” will be invested over a number of …
Hundreds of millions of pounds can be saved in public spending according to Sir Philip Green, a billionaire businessman who recently scrutinised the government’s books.
Sir Philip, who has a reputation for making shrewd cost cutting decisions, was appointed in …
British interest rates are to be kept at a record low of 0.5% for the 19th month in a row by the Bank of England.
It was widely expected that the rate would be maintained at this level, despite one …
The implementation of the new national minimum wage starts today. The current rate for workers aged 21 and over goes up from £5.80 per hour to £5.93 per hour.
Previously employees aged 21 were not entitled to receive the full …
£900 million will be spent by the Treasury in an attempt to clampdown on tax evasion, chief secretary to the Treasury Danny Alexander has revealed.
In a move that seeks determined action against tax evasion, the aim is for a …
A controversial plan by HMRC to deduct tax directly from employees bank accounting is being considered, it has emerged.
Currently, it is the obligation of employers to deduct income tax and national insurance from employees, and then pass the collected …
Following the widely publicised mass errors uncovered within the PAYE system, three senior executives within HMRC appeared before a Commons select committee.
Chief Executive Dame Lesley Strathie, permanent secretary for tax Dave Hartnett, and director for personal tax, Bernadette Kenny …
Fraudsters could try to take advantage of the PAYE tax blunder that resulted in millions of tax payers paying the wrong amount of tax, HMRC has warned.
There have been previous fraudulent campaigns which have seen emails sent with HMRC …
Millions of people have paid the wrong amount of tax in the UK, it has been revealed.
Around £2 billion has been underpaid via Pay as Your Earn (PAYE) with 1.4 million people owing an average of £1,500 each.
A …
The pre-Budget report (PBR) will be done away with by Chancellor George Osborne in a move that will return economic policy to the way it was prior to Gordon Brown’s era.
The decision to scrap what had become a second …