Latest News & Events
UK government outlines policies in Queen’s Speech October 16, 2019
On 14 October, the UK government laid out its policies on trade, crime, the environment and Brexit in the Queen’s Speech. Amongst the 26 bills outlined at Parliament’s State Opening were plans for tougher sentences for violent offenders and targets for cutting plastic pollution. However, as the government doesn’t have a majority in Parliament, the
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OECD considering plans to tax tech giants’ profits by jurisdiction October 16, 2019
Large multinational tech companies would have to pay taxes in the jurisdictions where profits are generated under new tax proposals from the Organisation for Economic Co-operation and Development (OECD). The OECD says the shake-up would ‘bring the tax system into the 21st century’ and make tech giants pay more corporation tax where sales are made.
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Chancellor announces post-Brexit Budget date October 16, 2019
Chancellor Sajid Javid has announced that he will deliver the 2019 Autumn Budget on Wednesday 6 November. The 2019 Autumn Budget will be the first Budget to be delivered after the UK’s scheduled departure from the EU on 31 October 2019. The Chancellor will deliver this year’s Budget later than usual, as he factors in
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Banking crime cost over £600 million in first half of 2019 October 10, 2019
Banking customers lost over £600 million to crime during the first half of 2019, according to data from industry group UK Finance. According to UK Finance’s figures, £408 million was stolen by criminals through unauthorised cards, remote banking and cheque fraud. In addition, £208 million was lost to authorised push payment (APP) fraud, where customers
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UK ‘on cusp of recession’ after services sector shrinks October 10, 2019
The UK economy is ‘on the cusp of recession’ after the services sector suffered an unexpectedly sharp downturn last month, according to research from IHS Markit. IHS Markit’s Purchasing Managers’ Index (PMI) for September fell to 48.8 from 49.7 in August. This represents its lowest level since July 2016. A PMI reading below 50 indicates
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