Household products and drugs group Reckitt Benckiser announced on Wednesday that it would buy SSL International, the makers of Durex condoms, for 2.54 billion pounds. Reckitt Bencksier said that the takeover marked a ’step change’ for their business.
HM Revenue & Customs has sent out millions of statements to the UK’s self-employed and others with untaxed income reminding them to pay their second tax instalment for the 2009-10 tax year by 31 July.
Today the Chartered Institute of Personnel and Development (CIPD) releases a new policy paper to help Government streamline the byzantine system of quangos operating in the field of education and skills policy, potentially saving over £500 million from the public purse.
The UK’s main banks and financiers see very little benefit in one of the Government’s flagship small business loan schemes, it was announced today.
Commenting on the Monetary Policy Committee (MPC) minutes published today by the Bank of England, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:
Sterling plunged this morning after the Office for National Statistics announced that public sector net debt rose to £14.5 billion, a record 63.9% as a percentage of GDP. The public sector also posted a record cash requirement figure of £20.905 billion in June, up from £20.213 billion in June 2009. The latest figure exceeded economist’s expectations for a fall to £15 billion.
Failure to claim all available tax credits will cost UK taxpayers over £3.9 billion in 2010/2011, according to research by unbiased.co.uk, the professional advice website. Even in light of the emergency Budget and its new changes to child benefits paid to families with young children, millions of people are still failing to claim their child tax credits and pension credits, resulting in huge tax overpayments.
UK employees are burying their heads in the sand and leaving themselves woefully unprotected financially in the event that something unpredictable happens, leaving them unable to work, according to new research from Unum, one of the UK’s leading financial protection providers.
Business Secretary Vince Cable has said that British banks are 'ripping off' their customers, and argued that making banks change their ways would be a priority of the coalition government. Mr. Cable told the BBC's Panorama programme that a more competitive system.
The fundamental problem is that banks no longer have managers who look after small businesses, their corporate managers will not look at anything that small so small businesses are handled by inexperience junior staff who have little or no lending experience and have to report to a faceless credit committee