A new report suggests that councils need additional fiscal freedoms following the devolution of business rates in order to ‘offset the risk’ of making local services dependant on such a ‘volatile source of income’.
The Competition and Markets Authority (CMA) is suggesting that banks should cap unauthorised overdraft fees and warn customers before they go overdrawn, as this and other measures could save bank customers £1bn over five years.
According to official figures released earlier this month, the number of self-employed people rose by 182,000 in the first quarter of this year compared with the same period in 2015, a new record. This means there are now 4.69 million self-employed people in the UK, accounting for 15 per cent of the workforce.
A new report has predicted that UK dividends will continue to fall over the course of 2016, after statistics revealed that dividends fell by five per cent in the first quarter of the year. The study found that UK dividends have grown 44 per cent since the end of the recession, in comparison with a…Details
Concerns have been raised that the introduction of new legislation could pile fresh pressure on school finances.
Although Russia came third from the top and the UK third from the bottom in the recent Eurovision song contest, the two countries are more of a match in the arena of corporation tax, as they offer the lowest effective tax rates amongst the world’s top economies.
Innovate UK, the Government’s agency for innovation, has announced the winners of its IC Tomorrow Future of Retail Innovation competition, having chosen one winner for each competition category.
Education Secretary Nicky Morgan has confirmed that the definition of “underperforming councils” – which will be forced to convert all their schools to academies – will be laid out in a formal consultation.
The recent battle for the role of London Mayor, won by Labour’s Sadiq Khan, was played out against a backdrop of soaring bills for ‘bricks and mortar’ businesses in the capital, with London newspaper, the Evening Standard, calling for an urgent reform of the business rates system.
A recent survey has found that more than half of the UK’s small businesses are concerned about the current economic climate, with almost 40 per cent believing that their business faces more risk now than a year ago.