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The UK Budget Deficit – Harsh Choices Ahead, Finds Accountancy Body
09/03/2010
As the UK Budget gets closer, ACCA (the Association of Chartered Certified Accountants) has polled its UK members asking the question:
Elgar £20 Banknote To Be Withdrawn
08/03/2010
The £20 banknote carrying the portrait of composer Sir Edward Elgar is to be finally withdrawn from circulation from 30 June this year. This note has been gradually replaced by the Adam Smith £20 which was introduced in 2007.
Indonesia, Growing Fast: Sir Andrew Cahn
08/03/2010
Sir Andrew Cahn, Chief Executive of UK Trade & Investment (UKTI) will this week visit Indonesia, one of UKTI’s priority high growth markets, where he will support the Government in its stated aim of opening up to foreign investors.
E.ON Third Energy Supplier To Cut Prices
08/03/2010
E.ON has announced that it is cutting prices by 6% or £47 for gas with effect from 31st March. Direct debit customers will see a £42 saving. It is the third of the big six suppliers to announce a cut so far this year and the reduction will see its average annual dual fuel bill drop from £1,232 to £1,185.
Budget Must Deliver Convincing Plan For Public Finances Says CBI
08/03/2010
Government should set out clear and timely plan for restoring fiscal credibility and nurturing growth
BCC Downgrades Medium-Term GDP Expectations As Risks Of A Setback Heighten
07/03/2010
Ahead of the Chancellor’s Budget, expected this month, the British Chambers of Commerce (BCC) has today published its latest Economic Forecast. The business group maintains a prediction of 1.0% GDP growth in 2010, but it has downgraded its growth expectations for 2011 because the obstacles to a sustained medium-term recovery now appear greater.
Taxpayers’ Alliance Uses ‘Retread’ Arguments in Local Government Pensions’ Debate, Says Unite
05/03/2010
The Taxpayers’ Alliance is using ‘retread’ arguments in the debate over local government pensions, Unite, the largest union in the country, said yesterday.
CIPFA and ICAEW launch unique international financial reporting qualification
05/03/2010
The Chartered Institute of Public Finance and Accountancy (CIPFA) and the ICAEW have jointly developed a new qualification for finance professionals working in the public sector that covers both International Financial Reporting Standards (IFRS) and their public sector equivalents, International Public Sector Accounting Standards (IPSAS).
Countdown Until Government Shuts The Door On Business Rates Refunds
04/03/2010
Businesses in England and Wales, already reeling from an 11% hike in their rates bills, stand to lose out on refunds potentially totaling over £1 billion if they do not act before the 31st March.
Bank Of England Hold Steady; Threat Of QE Extension Abating
04/03/2010
In a scheduled announcement, the Bank of England has again held its interest rate at 0.50%. Even the most optimistic of forecasters do not see an increase in UK rates until the final quarter of this year. The Bank also kept their quantitative easing programme on hold, leaving the budget at £200 billion.
