News & Events | WDM - Part 166

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Budget 2014: the political reaction March 20, 2014

Responding to George Osborne’s 2014 Budget speech, Labour leader Ed Miliband has condemned the measures, arguing that the Chancellor is ‘giving with one hand and taking far more with the other’. Highlighting the ‘24 tax rises’ introduced since 2010, the Labour leader was keen to highlight a mismatch between the Chancellor’s description of the UK
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Budget 2014: what do the measures mean for you? March 20, 2014

Despite highlighting the importance of adhering to the austerity plan, Chancellor George Osborne nevertheless managed to spring some surprises in his 2014 Budget speech, in particular in the form of measures relating to pensions and savings. An additional increase in the basic income tax personal allowance had been anticipated by many analysts, and the Chancellor
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UK economy predicted to exceed expectations March 18, 2014

The British Chambers of Commerce (BCC) has revised its forecast for GDP growth from 2.7% to 2.8% in 2014. Excluding the impact of inflation, UK GDP is expected to reach £392.8 billion in the three months to July. The last comparable year was early 2008, in which the GDP reached £392.7 billion. John Longworth, Director-General
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Government announces new start date for flexible working extension March 18, 2014

The Government has announced that the right to request flexible working arrangements will now be extended to all employees with effect from 30 June 2014, following a previous delay to the Children and Families Bill earlier this year. Currently, qualifying carers of adults and all parents of children aged 16 or under (or disabled children
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Cutting tuition fees ‘could fill skills vacuum’, says CBI March 18, 2014

The Confederation of British Industry (CBI) has called on the Government to cut tuition fees for science, technology, engineering and maths (STEM) subjects, in a bid to fill the UK ‘skills vacuum’. According to the business group, key areas of the UK economy are encountering problems due to a lack of skilled workers, with a
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