Search Results for: Chancellor George Osborne
Google, Facebook, Amazon, eBay and Apple avoided £1BILLION of UK tax
January 27th, 2016
A Mirror investigation has revealed the UK is missing out on huge sums as multinational firms are based in tax havens Five of the world’s biggest tech companies avoided paying £1 BILLION in UK tax last year, the Mirror ...
UK tax avoidance: Google looks ‘to pay three times more tax’ in France than in UK
January 26th, 2016
Google is said to be negotiating a tax settlement with France worth three times more than it paid the British Exchequer even though it employs thousands more staff in the UK. The UK arm generates about three times as ...
KPMG: UK tax changes will slow down buy-to-let market
December 30th, 2015
The buy-to-let market will slow down next year due to a series of tax changes, accountancy giant KPMG has said. The changes, including a three per cent hike to stamp duty on buy-to-let homes, to be introduced in April, will put off ...
Xi Jinping to sign Hinkley Point nuclear power deal in UK
October 21st, 2015
China‘s leader is expected to put the seal later on its contribution to what will be the first UK nuclear power plant to be built in a generation. The plant could be opened by 2025 at Hinkley Point, in ...
UK to spend £10m on cryptocurrency research
October 16th, 2015
Harriet Baldwin, Economic Secretary to the Treasury of UK, in a speech, that she delivered at the Alan Turing Institute for Data Science, has declared a £10million funding for cryptocurrency research. Baldwin also mentioned that the country was working hard ...
U.K. Looks to Relax Money Laundering Rules to Help Businesses
August 31st, 2015
The U.K. government said it will look to relax anti-money laundering controls as part of a plan to save British companies 10 billion pounds ($15.4 billion) over the next five years. Britain will look at ways to make the ...
UK inflation rate falls to zero in February
March 24th, 2015
UK inflation rate fell to 0% in February, the lowest since records began, official figures show. Lower prices for food and computer goods helped to cut the rate from 0.3% in January, official figures show. February’s figure is the lowest ...
Taxpayers benefit from Lloyds dividend
March 2nd, 2015
Lloyds Banking Group has paid its first dividend to shareholders since it was bailed out in 2008, a total of £535 million. In what Chancellor George Osborne has called a ‘major milestone’ for the British economy, the Treasury’s 23.9% ...
Bank of England could issue own digital currency
February 27th, 2015
Like its counterparts in the US, the Bank of England is pondering the implications of issuing its own digital currency. The potential of a central bank-backed digital currency is touched on with the publication of the BofE’s ‘One Bank Research ...
Greeks fly in for debt showdown
February 2nd, 2015
The anti-austerity Greek finance minister is to meet with chancellor George Osborne today as part of a Europe-wide charm offensive to win over creditors and fellow politicians. Investment bank Lazard has been hired by the Greek government to advise ...
