Serious Fraud Office asks for £26.5m more to fund “blockbuster” financial probes

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.com Share Thursday 23 October 2014 9:01 pm whatsapp whatsapp Show Comments ▼center_img Serious Fraud Office asks for £26.5m more to fund “blockbuster” financial probes by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekWarped SpeedOnly True Americans Can Ace This Geography QuizWarped SpeedEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Michael Bow Bow The City fraud squad yesterday asked for a 75 per cent increase in funding next year to help it pursue a range of financial probes, including its investigation into alleged Libor rigging. The Serious Fraud Office (SFO) has asked Treasury ministers for an extra £26.5m next year, on top of its annual budget of £35.2m set for this year, to tackle a host of what it has dubbed “blockbuster” cases. “We have blockbuster or ring-fenced funding to protect our most expen­sive investigations,” SFO director David Green said yesterday. “The arrangement recognises that the SFO is demand-led and honours the pledge that on my watch the SFO will never turn down any investigation simply on grounds of cost. The mechanism is not perfect, but it does the job.”The request tops the £24m the agency previously asked for last year. The SFO has been embroiled in a number of expensive investigations recently, including inquiries into Barclays’ 2008 recapitalisation and bribery allegations linked to Rolls-Royce. The cash the SFO has requested includes a £4.5m payout to Robert and Vincent Tchenguiz, the property tycoons who launched a damages claim against the agency over a botched investigation by the SFO.Green added: “This is an important, if not a pivotal time for the SFO.” Tags: NULLlast_img read more

Denmark slashes interest rate for the second time this week

first_img Denmark slashes interest rate for the second time this week Thursday 22 January 2015 10:22 am Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Show Comments ▼ Denmark’s central bank has cut its main interest rate for the second time this week, The Danmarks Nationalbank aid it has taken its main deposit rate to -0.35 per cent from -0.2 per cent,   Jessica Morris Share whatsapp Tags: NULLlast_img read more

Edition of Magna Carta worth £10m discovered in Kent council archives

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyGive It LoveRemember These Rare Sisters? See Them NowGive It LoveSenior Living | Search AdsSenior Apartments Coming to Scottsdale (Take A Look At The Prices)Senior Living | Search AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Tags: NULL Sunday 8 February 2015 8:42 am whatsapp Sharecenter_img Edition of Magna Carta worth £10m discovered in Kent council archives More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Joe Hall  An edition of the Magna Carta worth up to £10m has been discovered belonging to the Kent town of Sandwich. The 1300 copy of the historic document means there are now 24 known editions in the world. The Press Association reports that the document, a third of which is ripped, was discovered in the Maidstone archives but belongs to Sandwich. The document was authenticated by Professor Nicholas Vincent of the University of East Anglia, an expert on the subject and member of the Magna Carta project. Vincent said that the discovery lent weight to the theory that there were more issues of the document than previously thought: It must have been much more widely distributed than previously thought because if Sandwich had one…the chances are it went out to a lot of other towns. And it is very likely that there are one or two out there somewhere that no one has spotted yet. The Magna Carta was created in 1215 under King John, who agreed to a draft written by the Archbishop of Canterbury. It established the principle of rule of law and equality before law. There are just four known 1215 editions. The parchment discovered in Maidstone is a version of the charter issued by Edward 1 in 1300. In 2008. a 1297 edition sold for roughly £14m in a public auction at Sotheby’s in New York.  whatsapplast_img read more

Tesco pays £9m for abandoning Somerset store

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tuesday 7 April 2015 12:30 am Tesco has been forced to pay out a £9m settlement to two local councils after shelving plans for a new store in Somerset, with the retailer likely to face further charges over other store closures.In January, Tesco chief executive Dave Lewis announced plans to close 43 existing stores and pull out of building 49 new sites – including one planned for Bridgwater. Documents published under the Freedom of Information Act on Sedgemoor District Council’s website show that the retailer paid £5.3m in compensation costs to Sedgemoor and £3.6m to Somerset County Council.Tesco declined to comment on whether it was negotiating other compensation settlements with other local authorities over the other 48 sites, which include Bexleyheath, Dartford in Kent, Colchester, Burton-upon-Trent and Chatteris in Cambridgeshire. whatsapp Share Express KCS whatsapp Tesco pays £9m for abandoning Somerset store Tags: NULL Show Comments ▼last_img read more

China payments prove confusing for companies

first_img Tags: Chinese economy China payments prove confusing for companies Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndo MOST multinational companies are ill-equipped to handle the rapid rise in renminbi transactions, according to new research published today.Ninety per cent of senior executives surveyed by international legal practice Allen & Overy said their company’s exposure to Chinese currency is either “important” or “very important”.However, more than three-quarters of those polled also said they thought a lack of understanding about how to conduct renminbi transactions is the greatest obstacle to their company’s use of the Chinese currency.Renminbi payments have soared in recent years, with global growth set at 102 per cent last year alone. Almost two-thirds of the executives polled by Allen & Overy said they expected transaction volumes to more than double in the next five years. Jane Jiang, China regulatory partner at Allen & Overy, said companies need to understand the currency’s changing regulatory framework if they are to keep up with increased demand for transactions. “China’s [renminbi] regime is likely to be a source of new possibilities for those companies who not only keep abreast of the changes and adjust their own policies in response, but also dare to ask for changes by proactively communicating with more listening regulators,” Jiang said. whatsapp whatsapp Sunday 19 April 2015 11:33 pmcenter_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Express KCS Sharelast_img read more

2015 may be best year in a decade for UK households

first_imgMonday 20 April 2015 12:10 am CONSUMERS are enjoying a boom year as prices stay flat and wages rise, according to analysts at Deloitte who say it could be the best year for households since 2005.And the economy could be accelerating further. Economists at EY today disagreed with the Office for Budget Responsibility and the International Monetary Fund, forecasting a very strong 2016 for UK GDP.Growth is set to come in at 2.8 per cent this year and three per cent in 2016, EY said, as the Eurozone recovers and as cheap oil and the strong pound help out consumers.“With less than a month now until the election, the economy and businesses seem to be powering through relatively unscathed,” said EY’s chief economist. “Despite a softer performance from business investment in recent months, we’re likely to see the pace of spending by firms gather again later this year as companies hone their strategies to tap into buoyant consumer confidence.”Foreign firms are already investing more in the UK, with Chinese, Euro­pean and US buyers lining up to snap up British businesses, to benefit from the economic success story.That confidence boom was underlined by Deloitte’s consumer tracker, which has risen to its highest level since the index began in 2011.The net percentage of households which received a pay rise in the last quarter came in at 14 per cent.“With the recent return to real wages growth and further falls in unemployment, consumer finances are starting to normalise,” said De­loitte’s chief economist Ian Stewart.“This points to an acceleration in consumer activity and suggests 2015 may well be the best year for consumer spending since 2005.”However, the study also showed that 40 per cent of households are worried the General Election could affect their finances, which puts a temporary dampener on confidence. Tags: NULL 2015 may be best year in a decade for UK households Show Comments ▼center_img whatsapp Express KCS Share whatsapplast_img read more

Merlin Entertainments forced to close more rides over safety fears

first_imgFriday 5 June 2015 5:16 pm Express KCS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment Guruzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveLivestlyThe Best Redhead Actresses, RankedLivestlyTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmNovelodgePierce Brosnan’s Wife Lost 120 Pounds – This Is Her NowNovelodge More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com Share Show Comments ▼ center_img SHARES in Merlin Entertainments fell 1.2 per cent in late afternoon trading yesterday after it announced the closure of four rides following an accident earlier this week.The theme park owner said today that Saw at Thorpe Park, The Smiler at Alton Towers, as well as Dragon’s Fury and Rattlesnake at Chessington World of Adventures would all be suspended after a crash on its Smiler rollercoaster at Alton towers earlier this week left four left four people seriously injured.“Today we are enhancing our safety standards by issuing an additional set of safety protocols and procedures that will reinforce the safe operation of our multi-car rollercoasters,” the company said in a statement. “As a consequence, two rollercoaster rides have been withdrawn from service until the new safety protocols have been applied.”A carriage carrying 16 people crashed into an empty carriage left on the same piece of track. Merlin’s boss Nick Varney subsequently apologised for the incident, expressing his “sincerest regret and apology”. whatsapp whatsapp Merlin Entertainments forced to close more rides over safety fears Tags: NULLlast_img read more

Cambridge Satchel founder bags a new job

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Funzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSinglesTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game OnlineLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It WiseTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health Dave Wednesday 1 July 2015 8:22 pm The Cambridge Satchel Company founder Julie Deane will carry out an independent review for the government of self-employment in the UK, looking at the challenges faced by those who work for themselves. Deane started her firm from her kitchen table in 2008 with £600. It now employs more than 130 people and has a £10m annual turnover. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Sharecenter_img Cambridge Satchel founder bags a new job Show Comments ▼ Express KCS whatsapp Tags: NULLlast_img read more

George Osborne says emergency July Budget will see £12bn welfare cuts

first_img Express KCS whatsapp Sunday 5 July 2015 10:35 pm More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily Winnerszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorcenter_img Tags: George Osborne July Budget 2015 People Show Comments ▼ Chancellor George Osborne has said that he has identified all £12bn of welfare cuts that he needs to make as part of the government’s plan to balance the budget in three years.  “We have found that £12bn of savings in welfare that we said we’d be able to find,” Osborne said yesterday in an interview with the BBC, alluding to promises made by the Conservatives in the run-up to May’s General Election. “We’ve got to have a welfare system that is fair to those who need it, but also fair to those who pay for it,” he added, providing few details about exact policy proposals but pointing to tax credits as a “very, very expensive system”.  Osborne also said that housing benefits were a “major component” of government spending while confirming that the government would deliver on its pre-election promise to lower the cap on the total amount of benefits a household can receive.  The cap will be brought down from £26,000 to £23,000 in London, but Osborne told the BBC that the cap “will be lower in the rest of the  country”.  Osborne is expected to lay out full details of the government’s planned welfare cuts and other spending plans in the summer Budget on Wednesday. But in an article in the Sun newspaper yesterday, the chancellor spelled out how his Budget would crack down on higher earners living in council and housing association homes.  He said the government would require households earning £40,000 a year in London and £30,000 a year in other parts of the country to pay rents in line with market prices, a move that could raise the Treasury up to £250m. The government has also committed to raising the tax-free personal allowance to £12,500, while adjustments to other closely-watched tax schemes such as the corporation tax and the bank levy remain to be seen. Separate from Wednesday’s Budget, the Treasury is expected to publish specific plans later this week on how to improve Britain’s productivity.  CUT TO INHERITANCE TAX Osborne is set to increase the inheritance tax threshold to £1m for couples from 2017, a plan first laid out in the Conservative manifesto. HIKING COUNCIL RENTSMore than 300,000 council tenants will be told that they need to pay market rent if they earn above £30,000 per year. SLASHING BBC SUBSIDYThe BBC will be expected to take on a £650m yearly bill for providing free television licences for pensioners, a cost currently borne by the department for work and pensions. LOWER BENEFITS CAPOsborne will deliver on a campaign promise to cut the household benefits cap from £26,000 to £23,000 a year.   George Osborne says emergency July Budget will see £12bn welfare cuts Sharelast_img read more

UK defence firms fire warning shots to government over need to push exports

first_imgWednesday 15 July 2015 11:41 am Tags: NULL Share Show Comments ▼ James Nickerson UK defence firms fire warning shots to government over need to push exports center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror The UK defence industry is pushing for the government to take a more active role in a battleground for foreign orders.The UK Aerospace, Defence, Security and Space industries trade body organisation, ADS, called for support for smaller firms and improved export controls after the sales to overseas markets fell for the first time since 2011. Read more: UK’s £56bn aerospace, defence, security and space sectors come out strongly against BrexitPaul Everitt, chief executive of ADS, stressed the need for the government to pursue a strategic role in the industry, if the UK is to win its share of global opportunities in the face of international competition:International budgets are under pressure, competition is fierce and UK industry needs to be able to win its share of global market opportunities. Industry and Government need to work more strategically.For this, Everitt wants the government to help secure contracts, putting them in to a difficult moral position:The government to government relationship is absolutely key in any defence or security arrangement. Our competitive advantage will come from government being able to offer more flexible support.While Britain maintained its position as the world’s second biggest defence exporter, behind the US, exports fell to £8.5bn last year from £9.8bn in 2013. The recent growth of France’s Rafale combat jet in India and Qatar over the Eurofighter Typhoon combat aircraft – 33 per cent owned by BAE – are one example of where the UK could lose out as other governments take a more active role.The ADS report, filed yesterday, also argues that maintaining strong exports in the face of international competition is crucial to the health of the industry and Britain’s national security. whatsapp whatsapplast_img read more