During his budget announcement yesterday (November 5th 2012), the Chancellor, George Osborne, announced that he is to cut the rate of corporation tax by a further one percentage point.
According to statistics released by the Office for National Statistics (ONS) today, the value of both inward and outward cross-border mergers and acquisitions activity involving UK companies increased in the third quarter of this year, despite a decrease in the actual number of transactions.
A new £5m scheme called Big Venture Challenge was announced last week with a view to funding and supporting social entrepreneurs, who often find it hard to access investment.
Permanent interest-bearing shares (PIBS) used to be one of the most popular asset classes for retail investors looking to achieve a good income, as they appeared to be safe – until building societies started to topple.
Just days after MPs from all parties have condemned big businesses that ‘dodge’ corporation tax, Google boss Matt Brittin defended his company, saying that it is up to politicians to legislate if they wanted to force change.
According to a recent report, which contains a survey of more than 50,000 entrepreneurs, London is the seventh best city in the world to launch a start-up and has the largest start-up ecosystem in Europe.
In this tough economic climate, with reports of firms closing on a daily basis, audits have become a vital tool in improving the efficiency and profitability of a business.
In the wake of the jailing of stockbroker Nick Levene for 13 years earlier this month in what is estimated to be a £32m “Ponzi” fraud, the National Fraud Office and the Financial Services Authority launched a campaign this week to warn investors against becoming victims of financial scams.
The latest figures from the Office for National Statistics have revealed that public sector net borrowing stood at £6.7bn last month, £2.3bn worse than in October last year.
The recent purchase of a Jersey-based fund administrator by a UK buyout firm is a good example of how fund administration is an attractive sector for buyout.