News & Events | WDM - Part 227

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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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Concerns over pension irresponsibility March 26, 2014

Relaxed rules for pension annuities – the most radical changes since 1921 – have been questioned by many since the Budget speech. The concerns were raised about giving pensioners greater control over their pension pots, meaning some could overspend early in retirement and therefore run out of funds. There is also a risk that released
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Budget 2014: Osborne targets ‘makers, doers and savers’ in a Budget to bolster resilience March 20, 2014

Chancellor George Osborne unveiled his fifth Budget amidst signs of growing levels of confidence in the UK’s economic condition. Keen to drive home the message that the economy is recovering ‘faster than forecast’, the Chancellor announced that the Office for Budget Responsibility had revised its economic growth forecast upwards to 2.7% for 2014. However, warning
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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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