View more on these topics

Osborne aims to scrap 50p tax rate in 2013

Chancellor George Osborne is planning to scrap the 50p top rate tax in the 2013 Budget after growing evidence that people were going to great lengths to avoid it and were subsequently undermining the Treasury’s revenues, according to the FT.

The Office for Budget Responsibility said there was evidence that companies paying bonuses before the rate came in as well as business owners paying themselves large dividends had led it to assume that £2bn of additional income it had been collected in the 2009/10 tax year, prior to the introduction of the rate. It said those revenues would not be available this year.

Osborne has never highlighted any timetable for the tax but has said that it would be temporary.



No let-up for with-profits

The regulator has pledged to continue its crackdown on with-profits and will publish final rules for providers later this year. In its business plan for 2011/12, published this week, the FSA says: “We will follow up on proposals to strengthen the effectiveness of the with-profits.” In February, the regulator put out a consultation paper on […]

Budget 2011: The private sector gamble

Yesterday’s Budget re-confirms that the Government is banking on private sector growth to more than compensate for public sector cuts and pull us all out of trouble. It’s a massive gamble. If it works the annual spending deficit could be culled by 2015/16, but if it fails…well, let’s not go there.   The extra £1,000 […]

Public sector employers to pay £8bn more a year

Public sector employers could face additional pension costs of more than £8bn a year at current prices after the Government set the discount rate for pension contributions at 3 per cent above the consumer price index level. The Budget document says the discount rate will be based on the long-term expectation of GDP growth to […]

Bambos Hambi joins Standard Life Investments

Bambos Hambi, the former head of multi-manager funds at both Gartmore and Rothschilds, has joined Standard Life Investments on a full-time basis. Since August, Hambi has worked on a temporary consultancy basis for Insynergy Investment Management and a fund selection governance committee at Standard Life. He will join SLI on a full-time basis on March […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm