Small businesses that invest in Information and Communication Technology equipment (computers, software and internet-enabled mobile phones) over the three years from 1 April 2000 will be able to claim 100% first year capital allowances, thereby getting immediate relief on the whole cost of their investment.
Bradford and Bingley has commissioned a poll of its customers to find out their views on its conversion plans.The poll comes at a time when predicted windfalls have fallen from £1,000 to £600 and has sparked claims that the poll was designed to whip up members support for conversion ahead of the vote on its […]
The Government is planning hard hitting review of the fund management industry despite glossing over it in the Budget speech.The Treasury want to know why institutional investors, who control 45 per cent of the quoted equity market, invest so little in the British economy's grassroots.Gordon Brown announced of the review between statements on British venture […]
Thousands of investors could be hundreds of pounds better off thanks to the Chancellor's decision to maintain the £7,000 Isa limit for another year.But while fund managers and IFAs welcome the news, some are frustrated they were not made aware of the changessooner, having already prepared and received Isa applicationsfor next year.The £7,000 limit was […]
I was looking for three particular pension issues in this Budget and only one of them came up.Neither the Chancellor himself nor the Budgetdocuments seem to say anything about the require-ment to buy an annuity bythe age of 75 or about triggering the expected changes to small self-administered scheme administration.The issue which he did deal […]
Just a quick post to alert our followers to the fact that the new Fit for Work service is – according to the rollout map – now available in all geographical areas of England and Wales.
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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]