Our Business News

Mr Osborne also promised government guarantees for another £40bn of infrastructure projects.Chancellor George Osborne said the welfare system should be “fair to the working people that pay for it”On the richest households, Osborne rejected the idea of a new “mansion tax” on expensive propertiesOsborne said Britain would miss debt falling target by 2015-16 as a percentage of national income by a year(Financial Times) — George Osborne said he had missed one of his key austerity targets and would extend the programme by another year as the country’s independent budget watchdog slashed its economic growth forecasts.The Office for Budget Responsibility now [...]

George Osborne has vowed to tackle “unacceptable” tax avoidance in this week’s Autumn Statement.Osborne is promising a clampdown on UK tax dodgers, including several high profile multinationalsMPs have labeled the tax practices of companies such as Starbucks, Google and Amazon “evasive and immoral” Osborne, who estimates the bid will raise £10bn in total, has acknowledged deficit reduction is taking longer than expected(Financial Times) — George Osborne will on Monday set out plans for a “£10bn tax dodging clampdown”, as he struggles to control the deficit and contain a growing outcry over the tax treatment of multinationals, including Starbucks.His promise to [...]