Government Initiatives

VAT rise and spending cuts to push up job losses

The increase in VAT to 20 per cent and the reductions in public spending announced by the government could mean the loss of as many as 1.6 million jobs, the Chartered Institute of Personnel and Development (CIPD) has claimed.

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Drop in time-to-pay agreements

There has been a decline in the numbers of agreements made between HM Revenue and Customs (HMRC) and firms under the Business Payment Support Service scheme.

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Government unveils new regional growth strategy

The government has given the green light for an initial wave of 24 Local Enterprise Partnerships (LEPs).

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CBI urges extra measures to encourage business growth

The government has been urged to take action in four key areas if the economy is to resume sustainable growth.

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Government promises plans for growth

The government has outlined plans for £200 billion of investment in infrastructure projects in the UK as part of a strategy for economic growth and recovery.

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Comprehensive Spending Review: effect on business support

Given that the Department of Business is facing annual cuts in its budget of 7.1 per cent, broad business support has inevitably been diminished.

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Comprehensive Spending Review: green tax change criticised

The government has come under fire for imposing what has been described as a “green stealth tax” in the spending review.

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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.

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