Data published today by the ONS detail aspects of the public sector’s financial performance, showing large reductions in both borrowing and expenditure.
The CBI today welcomed the Government’s commitment to making the UK the most competitive corporate tax system in the G20 by a phased reduction in the corporate tax (CT) rate to 24%.
The Financial Services Authority (FSA) has today announced that it has fined DB Mortgages, part of the Deutsche Bank Group, £840,000 for irresponsible lending practices and unfair treatment of customers in arrears, and secured redress of approximately £1.5 million for DB Mortgages’ customers.
Tax cheats will face up to five years’ detailed scrutiny from the taxman, it was announced today.
Despite the Governments sabre rattling stance on bank bonuses and the long awaited Project Merlin deal, big bonuses are still set to dominate the investment banking arena. However, according to Oliver Gibbons, Director of Twenty Technology, the specialist recruiter, this may not be enough to stem the technology brain drain out of financial services.
Free tools to help SMEs get their business records ship shape were launched today by HM Revenue & Customs (HMRC).
An update on tax developments from Simon Massey, tax partner, Menzies LLP.
Gross mortgage lending declined to an estimated £9.2 billion in January, a 13% fall from £10.6 billion in December but a 5% rise from £ 8.8 billion in January 2010, according to new data from the Council of Mortgage Lenders.
The Science and Technology Select Committee today published their Technology and Innovation Centres Report proposals, detailing the execution of the government’s £200 million network of technology centres.
Demand for leverage to fund acquisitions is on the rise amongst private equity secondary funds, according to Investec Fund Finance which says it has seen a five-fold increase in enquiries from these funds over the past year.