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Pray| Showing page 15 of 37 1... 10 11 12 13 14 15 16 17 18 19 20 ...37 | Last update: Wednesday 25th March |
| The Government’s 3p-a-litre rise in fuel duty planned for January could lead to 35,000 job losses, campaigners said today. The rise could also see a 0.1 per cent cut in economic growth, the report prepared for the FairFuelUK group said. As a result of the losses and damage to growth, the tax increase will only bring in just over half the expected extra tax revenue - £800 million not £1.5 billion. The report said cutting fuel duty by 3p instead would create 70,000 new jobs. | |
| Money | The Sentinel, October 29, 2012 |
| Strong Olympic Games ticket sales helped the UK exit the longest double-dip recession since the Second World War. The Office for National Statistics confirmed a return to growth of one per cent following a 0.4 per cent contraction in GDP in the previous period. That was higher than analysts had expected and the strongest quarter of GDP growth for five years meaning the economy has grown 0.3 per cent so far this year but is still 3.1 per cent below its peak in the first quarter of 2008. | |
| Money | The Sentinel, October 26, 2012 |
| Around 500,000 disabled people are ‘expected to lose out’ when disability living allowance is scrapped, a new report has claimed. The Tipping Point, authored by a coalition of disability organisations and charities called The Hardest Hit, was highly critical of the Government’s attitude to disabled people, claiming there has been a £500 million drop in disability support since George Osborne’s 2010 Emergency Budget. The report’s research indicates many people will have to quit work when the support is axed. | |
| Money | The Sentinel, October 22, 2012 |
| Under plans to be unveiled today, energy firms will be forced to move customers on to their best deals automatically. Each supplier is also expected to be restricted to only four tariffs for electricity and four for gas. As many as seven in ten households pay over the odds for power - some by as much as £300 a year. | |
| Money | Daily Mail November 20 2012 |
| “Companies who don’t pay tax should be shamed,” said Peter Oborne during a debate on the morality of tax-dodging. The Daily Telegraph’s chief political correspondent pointed out to the audience at Christ Church, Spitalfields, London, that ‘most people in Britain are “pretty honest and do pay tax”’ and argued that from a Conservative perspective, paying tax is a good thing to do. Of course we have an interest in the welfare of our fellow citizens, and just from a nakedly capitalist point of view you want to have well-trained employees, good schools, education, transport and health and so forth. And there’s a strong moral case for paying tax…because we all belong to a community”. | |
| Money | The War Cry – September 2012 |
| The Government is to press ahead with plans to slash an extra £10 billion from the welfare budget by 2016-17, on top of the 18 billion cuts already underway, Chancellor George Osbourne will say today. Among pay-outs set to be targeted is housing benefits for the under 25’s who Prime Minister David Cameron has said should live with their parents if they cannot afford to fund their own home. Work and Pensions Secretary Iain Duncan Smith has agreed to the savings. | |
| Money | The Sentinel – 8th October 2012 |
| Low income families could be pushed further into debt by a shift to monthly benefit payments under Iain Duncan Smith’s welfare reforms, a think tank warned today. Attempts as part of the new Universal Credit System to encourage claimants to budget properly and make their own rental payments risk ‘backfiring’ the Social Market Foundation said. It called for the introduction of an online budgeting tool allowing claimants to set the frequency of payments different items. | |
| Money | The Sentinel – 17th September 2012 |
| Plans for a Government-backed bank to increase lending to businesses are in the pipeline. Business Secretary Vince Cable insisted the business bank would go ahead, but said that the scale and the way it would work were still being thrashed out. “We are looking at the potential for a government-backed institution” he said in a speech outlining government strategy. | |
| Money | The Sentinel – 12th September 2012 |
| State subsidies for child¬care are so high that in some cases it would be cheaper for taxpayers to pay working parents to stay at home, a scathing report found yesterday. It said the amount paid to subsidise nursery places for some families is higher than the wages the parents can earn. And future increases in fast-rising childcare costs are likely to make it impossible for any parent on the minimum wage to earn as much as the subsidies that pay others to look after their children. The paper from the Centre for Justice, the think tank founded by Work and Pensions Secretary Iain Duncan Smith, said childcare subsidies cost tax¬payers £2.3billion a year. It called for an attack on red tape to reduce the cost of running nurseries or childminding businesses so that subsidies can be cut and parents can keep more of the money they earn. The report also questioned the value of subsidising childcare for young mothers who would rather be at home bringing up their children than working. | |
| Money | Daily Mail October 4th 2012 |
| Cost of borrowing has soared to a 42-month high. Families are being hit by the highest mortgage repayments in more than three years, according to figures released yesterday. The standard variable rates that at least 1.5million families are on now average 4.27 per cent - a level not seen since March 2009. Homeowners are automatically moved to SVRs at the end of their initial deal-such as a two-year fixed loan or a three-year tracker. Tomorrow, Santander, the country's second biggest mortgage lender, will increase its variable rate from 4.24 per cent to 4.74 per cent, hitting 400,000 customers. The upward move comes despite the Bank of England having kept its base rate at an his¬toric low of 0.5 per cent since March 2009. | |
| Money | Daily Mail October 2nd 2012 |
| Optimism among UK businesses has hit a 20-year low, according to research. BDO’s Optimism Index, which predicts business performance two quarters ahead, fell to 89.1 in August from 93.1 in July. It is the sixth consecutive month that the data has registered a drop. However, there was some cheer from the latest Lloyds TSB Regional Purchasing Managers’ Index, which revealed higher levels of business activity in all the English regions – except the North East – during August. | |
| Money | The Sentinel, September 10, 2012 |
| The new chief executive of Barclays fears that interest-only mortgages could become the next 'mis-selling' scandal, potentially costing billions of pounds and engulfing the bank in customer complaints. He said he is confident that the bank's handling of other complaints such as PPI mis-selling and interest rate swaps is improving, but admitted that Barclays has a very large book of interest-only mortgages and was starting to see the 'first few thousand’ who faced problems with repayment of the capital. The new chief's foreboding over interest-only mortgages is grounded in the City watchdog's apparent determination to act on the issue. In a report prefaced by incoming boss Martin Wheatley, the Financial Services Authority talked of 'significant increases' in the number of interest-only mortgages reaching maturity where borrowers could not repay their debt. At present the average value of the loans reaching maturity is £60,000, but this is forcast to rise to more than £160,000 by 2020…Recently major lenders have been dramatically scaling back their involvement in interest-only lending. Barclays' own lending offshoot, Woolwich, will not lend on an interest-only basis unless a home¬owner has at least £150,000 of equity. | |
| Money | The Mail on Sunday 02.09.2012 |
| The UK was facing more economic uncertainty after the European Central Bank (ECB) failed to deliver measures for tackling the regions debt crisis. Markets fell sharply as ECB president Mario Draghi dashed hopes that he would signal an imminent move into bond markets to ease Spain’s borrowing costs. Uncertainty over the future of the euro has already deepened the UK’S double-dip recession, with output down 0.7 per cent in the second quarter of 2012. Hopes that that the ECB would introduce new measures were stoked a week ago when Mr Draghi said he would do whatever it takes to save the euro. | |
| Money | The Sentinel – 3rd August 2012 |
| The economy will grind to a halt this year as the threat from the eurozone tough austerity measures and tight lending conditions drag on the economy. In its quarterly inflation report, the Bank of England slashed its growth forecast for 2012 to around zero from 0.8 per cent in its May report. | |
| Money | The Sentinel – 9th August 2012 |
| Energy firm SSE is increasing its domestic gas and electricity prices by an average of nine per cent. The company blamed the increases which come into effect in October – on the extra cost of using the gas and electricity networks and rising costs in energy wholesale markets. SSE – which also trades as Scottish Hydro and Swalec – said five million electricity customers and 3.4 million gas customers would be affected. | |
| Money | The Sentinel – 23rd August 2012 |
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