Current Affairs

Chancellor to 'take action' on top-level tax avoidance

Chancellor George Osborne has admitted he was 'shocked' by the level of tax avoidance taking place by some of the top earners in the country, after being shown confidential tax returns as part of a study by HMRC.

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New tax year brings in tax and benefit changes

Significant tax and benefit changes, which come into force with the beginning of the 2012/13 tax year on 6 April, will affect millions of families around the UK, according to Government and opposition figures.

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Warning over changes to unfair dismissal laws

Upcoming changes to employment law and regulations could result in an additional 2.7 million workers with an increased risk of losing their jobs, the Trade Union Congress (TUC) has warned.

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UK economy shows improvement although still weak

The UK economy has shown 'encouraging' signs of improvement in the first three months of this year, although the pace of recovery is still 'too slow', the British Chambers of Commerce (BCC) has said.

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UK businesses committed to 'going green'

Small and medium sized enterprises (SMEs) in the UK are more committed to sustainability, including saving energy, minimising waste, and recycling, compared to their European Union (EU) counterparts, a new European Commission study has found.

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Treasury publishes review into financial crisis

The Treasury has published an internal review of how it handled the 2007/8 financial crisis, admitting its staff were 'stretched' and that it 'did not see the crisis coming'.

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Stamp prices to increase by nearly 40%

The cost of first and second class stamps is to rise after the regulator Ofcom granted Royal Mail greater freedom to set its own prices.

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Government's solar panel appeal rejected

The Government has failed to get permission to appeal to the Supreme Court over the cutting of solar panel subsidies.

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Chancellor defends Budget

Chancellor George Osborne has been defending yesterday's Budget in a string of media interviews after accusations of hitting the elderly with reduced tax allowances and aiding the highest earners.

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Budget 2012: 50p tax rate cut while income tax threshold is raised

Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.

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