Crackdown on tax avoidance and evasion to raise billions for Treasury coffers By Daily Mail City & Finance Reporter Published: 21:50 GMT, 11 March 2020 | Updated: 22:28 GMT, 11 March 2020 The Government said that new measures will recover £4.7bn in tax in tax by 2024/25 that would otherwise have been lost A crackdown on … Read more
Boris Bounce stutters to a halt as surveys show economy flatlined in January By Daily Mail City & Finance Reporter Published: 21:52 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 The economy flatlined in January as the much-anticipated ‘Boris bounce’ following the election failed to materialise. Surveys suggested that the economy perked … Read more
House prices up as buyers return to the market but experts warn recovery could stumble By Daily Mail City & Finance Reporter Published: 21:54 GMT, 11 March 2020 | Updated: 22:29 GMT, 11 March 2020 House prices appear to be growing again as buyers return to the market. A majority of property professionals reported a … Read more
Rishi Sunak has launched a £175billion productivity revolution to push through the Government’s agenda to ‘level up’ the economy. The Chancellor claimed to have received unprecedented backing from the independent Office for Budget Responsibility (OBR) for his huge increase in public investment over the next five years. Delivering his Budget, he said: ‘The OBR has … Read more
Warning on greed: Bankers to face penalties if they attempt to use emergency money to hike divis or bonuses By Daily Mail City & Finance Reporter Published: 21:55 GMT, 11 March 2020 | Updated: 21:55 GMT, 11 March 2020 Greedy bankers have been warned they will face penalties if they attempt to use any of … Read more
Oil price slump will wipe out North Sea tax revenues, says the Treasury watchdog By Daily Mail City & Finance Reporter Published: 21:59 GMT, 11 March 2020 | Updated: 21:59 GMT, 11 March 2020 The slump in the oil price could almost wipe out tax revenues from the North Sea, according to the Treasury watchdog. … Read more
Chancellor’s £32bn hit for big business as tax cut is cancelled to free up cash for the coronavirus fightback By Tom Witherow For The Daily Mail Published: 22:08 GMT, 11 March 2020 | Updated: 22:08 GMT, 11 March 2020 There was a sting in the tail for British businesses as large corporations were told to … Read more
Privatisation of RBS postponed for yet another year: Treasury still owns 62% of the banking giant By Lucy White For The Daily Mail Published: 22:02 GMT, 11 March 2020 | Updated: 22:02 GMT, 11 March 2020 The privatisation of Royal Bank of Scotland has been postponed for yet another year. The Treasury still owns 62 … Read more
ALEX BRUMMER: Mark Carney’s final fusillade leaves Andrew Bailey with no room at all for complacency By Alex Brummer for the Daily Mail Published: 21:57 GMT, 11 March 2020 | Updated: 21:57 GMT, 11 March 2020 The middle of a global health emergency is no time to fight old arguments about the eurozone. Nevertheless, not … Read more
The government has cut the financial incentive for buyers of electric cars – and removed it entirely for buyers of expensive models, it has been confirmed. The Chancellor’s Budget document states that the Plug-In Car Grant has been extended for a further three years to 2023. However, the value of the grant has been reduced … Read more