News & Events | WDM - Part 201

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Labour to propose new energy price controls April 3, 2014

Amid warnings of blackouts from energy companies, Labour leader Ed Miliband is due to propose greater controls over energy prices with the aim of helping small businesses. Despite concerns expressed by energy firm Centrica, Mr Miliband is planning to call a Commons vote next week to demand an immediate price freeze for business and domestic
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New payments system launched for banks April 3, 2014

Customers of nine banks will be able to transfer small amounts of money using a mobile phone number, as of 29 April this year. The new system will be included in existing banking apps, eliminating the need for sort code and account number details to be given out. Registration can take place immediately before the
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Banks still deemed ‘too big to fail’ April 3, 2014

The International Monetary Fund (IMF) has warned that policymakers have failed to make the banking sector independent of public funds. Implicit subsidies and coordinating rescue plans remain in place if multinational banks go bust, which could cost the taxpayer billions of pounds in the event of another crisis. IMF’s Global Financial Stability Report says that
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Budget measures did not go far enough, says finance group March 26, 2014

The Institute for Fiscal Studies (IFS) warned that recent announcements do not give businesses the certainty needed to drive the economy. Helen Miller, economist at the IFS, said: ‘When the Government came to power they set out the corporate tax road map. It set out a clear trajectory for tax rates. I think what we’ve
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Treasury plans to sell Lloyds Bank stake for £4bn March 26, 2014

The Government has announced the largest sale of its Lloyds Banking Group shares since the public buyout in 2008. Just over a 40% stake was acquired at that time, with a 7.5% stake now authorised to be sold for an estimated £4.2 bn. This is the second sale of Lloyds stock that the Government has
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From the opening of our store to the eventual sale of four stores seventeen years later, WDM have provided invaluable assistance all the way along. They are more than just an accountant to us and we couldn't speak highly enough of them.

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