Research published this week by the Association of British Insurers (ABI) shows that although consumers’ knowledge of annuity options is good, there is still “plenty of room for improvement”.
Following a survey of more than 50,000 entrepreneurs, policy makers and venture capitalists across the world, London was hailed as the top start-up hub in Europe for 2012, while other research highlighted that the UK has over 2,000 open positions in start-ups, mainly in London and Cambridge.
A recent report on retirement suggests that the shape of inheritance planning is changing, with economic and social pressures making the over-55s reluctant to make provision for after they die when they could be spending the money now.
Everyone seems to be talking about corporation tax at the moment, from politicians, who say that they want to clamp down on tax avoidance to advisers who say that the current system is too complicated. It has even become a topic for debate in the SNP’s campaign for independence.
New research has revealed that one in seven people planning on retiring this year will have to rely solely on the state pension, as they have no private pension savings of their own.
The Policy Exchange has suggested that business rates should be frozen for two years to ease the pressure on the high street, as traditional retailers deal with the rise of internet shopping.
In his latest business report on small firms published earlier this month, Lord Young advocates removing the age cap on accessing taxpayer-funded loans to set up a business, which would open funding up to the over 30s.
An article in the Telegraph earlier this week points out that a number of people affected by Inheritance Tax (IHT) delay planning for it, which could prove to be a costly mistake.
As HM Revenue & Customs (HMRC) publishes a new list of ‘deliberate tax defaulters’ and reiterates the Government’s pledge to crack down on firms that avoid paying the tax they should, the Confederation of British Industry (CBI) has drawn up a new statement of tax principles for business.
Last week the retail arm of StartUp Britain launched its flagship pop-up shop on London’s King’s Road; and following the launch, London’s deputy Mayor Kit Malthouse has said that it will help to launch the careers of hundreds of online British retail entrepreneurs.