IMF chief praises UK economy
The head of the International Monetary Fund, Christine Lagarde, has endorsed the UK government’s economic strategy.
The head of the International Monetary Fund, Christine Lagarde, has endorsed the UK government’s economic strategy.
According to statistics issued by HMRC under a Freedom of Information Request, taxpayers are more likely to be accused of intentionally stating incorrect figures on their tax returns if a mistake is found by the taxman.
New rules on the total amount of money that can be saved tax-free in a pension are set to come into force in April 2016.
In a recent report, the Institute for Fiscal Studies (IFS) has claimed that the policy announcements from the Conservative and Labour parties, which intend to cut pensions tax relief for those earning over £150,000, could potentially cause “chaos” for the UK.
According to a recent poll conducted by ICAEW (the professional accountancy and finance body), more businesses are saving cash and are less likely to heavily invest while the UK economy is still recovering from the recession.
Nicola Sturgeon, leader of the Scottish National Party (SNP), has received a negative response after failing to rule out another independence vote taking place in Scotland.
In its quarterly economic survey, the British Chambers of Commerce (BCC) has released information that shows how Britain’s economy is demonstrating steady growth, with instances of growth at pre-recession levels also being recorded.
Ed Miliband has announced that the non-domicile tax rule, which was first introduced by William Pitt the Younger in the late 18th century, would be abolished under a Labour Government.
Independent research from the House of Commons Library is being cited by the Conservatives to show how tax increases by the previous Labour Government resulted in £2000 of additional tax being paid by the average family.
In March 2015, new orders for the UK’s manufacturing sector continued to increase, largely as a result of national consumer demand and an improvement in the rate of exports to the United States, China, Germany, Canada, the Netherlands and the Middle East.
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