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Turner calls for favourable tax treatment for green industries

FSA chairman Lord Turner has called on the next government to focus on creating a green economy.

According to the Guardian, Turner is pushing for taxes on things that are detrimental to the environmentto be increased.

Turner, who is also the chair of the Committee on Climate Change, says: “If we have to raise taxes, and we will to some extent, we can deliberately design those to tax bad environmental things, like overuse of fossil fuels, rather than good welfare-enhancing things, like employment for people.

“There is therefore a very strong argument whenever one is in the environment of tax rises for trying to make them skewed as much as possible to things that make sense in the long-term.”

Turner also warns the government against pursuing economic growth, saying: “If you spend your time thinking that the most important objective of public policy is to get growth up from 1.9 per cent to 2 per cent and even better 2.1 per cent, we are pursuing a sort of false god.”



ABI ends accord over doctors’ fees

The Association of British Insurers has ended its arrangement with the British Medical Association on agreed fees for doctors’ reports and medical examinations. The rate per GP report agreed between insurers and the medical profession is £89, with supplementary reports £22.70. The fee arrangement was due to run until March 2011 and the ABI’s decision […]

Towergate buys KB Rollitt

Towergate Financial has acquired Newark-based wealth management and financial planning firm KB Rollitt & Company Limited.


A testing outlook

Brian Tora’s Investment View Having looked back in my last Investment View, I now feel obliged to take a gander at the future. Forecasting is a mug’s game. As the great Peter Lynch – iconic manager of Fidelity’s Magellan Fund – wrote in his post retirement book, “Beating the Street”, nobody can predict interest rates, […]

More flexibility on alternative assessments

Aifa welcomes the FSA’s more flexible approach to alternative assessments for QCF level four and its plans to extend their availability beyond 2012. The FSA consultation paper on delivering the retail dist- ribution review proposed a more flexible approach to alternative assessments for people who do not want to sit oral or written exams. The […]

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]


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