Category Archives: Uncategorized

Government details skills strategy

The government has published its plans for boosting skills levels in the workplace. The measures were set out by the Business Secretary, Vince Cable in a speech to a conference of further education colleges held in Birmingham. The government said …

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Mentor network to help fledgling firms

A network of business mentors is to be established to provide new firms with valuable support and advice. The government sees mentoring as an important way of sharing both expertise and enthusiasm among the UK’s entrepreneurial community. The annual Small …

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New forum set up to encourage entrepreneurs

The government has unveiled plans for a new forum which will offer start-up and developing firms advice on how best to manage their enterprises. The Entrepreneurs’ Forum, the creation of which was announced by Business Secretary, Vince Cable, will aim …

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Small firms shun flexible working

Fewer than one in ten smaller employers allow their employees to work flexibly, a new study has claimed. The research, carried out by Virgin Media Business, covered firms employing a total of 22.8 million staff. Of the 5,000 smaller businesses …

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New Capital Gains Tax CGT rules

Discretionary trusts are not the only vehicles that will be hammered by the new 28 per cent top rate of capital gains tax (CGT) announced in George Osbome’s emergency Budget. The tax hike will also apply to all trustees and …

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Making a will is the most cost effective planning of all

To ensure that your assets go to whom you wish to benefit, you must make a will.  According to figures, more than half the UK adult population has not yet drawn up a will. Other findings suggest that planning a …

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Business regulation resistant to change

Many businesses think that government efforts to reduce business regulation will be ineffectual. That is the finding of a new survey by the Forum of Private Business (FPB). According to the poll, some 28 per cent of respondents believe that …

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Business migration rules could penalise smaller employers

Smaller firms could be unfairly treated if plans go ahead to allow large companies to sidestep the rules on the number of non-EU workers who are allowed to enter the UK, a leading business group has claimed. The Forum of …

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Plans to improve intellectual property system

The government has launched a review aimed at improving the way the current intellectual property system can help support business growth. The review was announced by the Prime Minister, David Cameron in a speech delivered to high tech businesses in …

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HMRC cuts back on helpline hours

HM Revenue and Customs (HMC) is to drop its Sunday telephone helpline as from the end of November. HMRC announced that contact centres will close on Sundays from 29 November. A spokesman said: “After consulting widely, we have redeployed our …

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Da, doo, da , diddy, da, doo, da, doo….

The Royal Navy found itself in the guano recently when HMS Astute ( the UK’s newest and most advanced nuclear submarine ran aground. The £1.2 Billion HMS Astute became stick in the mud and shingle a few hundred yards offshore, …

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Comprehensive Spending Review: tax

Like most other government departments, HM Revenue and Customs (HMRC) is to lose a part of its budget as a result of the spending review. The Chancellor introduced cuts of 15 per cent in real terms in the tax authority’s …

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Comprehensive Spending Review: low carbon economy

As promised, the government is to create a Green Investment Bank in an effort to boost the UK’s low carbon economy. The Bank will have an initial capital of £1 billion and its aim will be to catalyse business investment …

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Comprehensive Spending Review: transport

The government has committed itself to £30 billion of investment in the transport system but has also announced that capital spending by the Department of Transport is to be cut by 11 per cent. Commuting employees, and employers whom want …

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Comprehensive Spending Review: pensions

One of the headline announcements in the spending review was that the state retirement age for men and women is to be equalised at 65 by November 2018. The retirement age for both men and women will then rise to …

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Comprehensive Spending Review: employment and PAYE

It was widely expected that the spending review would focus on welfare funding. One of the areas to be affected by the cuts is employment. Claims for the contributory Employment Support Allowance are to be limited to 12 months for …

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Comprehensive Spending Review: training and higher education

The coalition government has made much of the need to re-balance the economy in the run-up to the spending review. A part of that re-balancing centres on encouraging expansion in the private sector as a way of taking up the …

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Comprehensive Spending Review: an outline summary

Spending reviews have been part of the governmental landscape since the late 1990s, but none have garnered quite the anticipation of the one which the Coalition government has just delivered. What follows is an outline summary of the main points: …

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Business shows support for spending cuts

The heads of some of the largest companies in the UK have given their backing for the government’s planned spending cuts. In an open letter to the Daily Telegraph, the bosses of M&S, BT and GalxoSmithKline among others said that …

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PAYE reforms will need time and money

Government plans to introduce far-reaching changes to the PAYE system are worth exploring, the Chartered Institute of Taxation (CIOT) has said, but will involve substantial amounts of time, money and attention to detail if they are to work. The CIOT …

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