50p tax – hero to zero?
“But the truth is not much enormous changed today beyond some loud political signalling. The growth and borrowing prospects are still, objectively, eye-watering” – Gary Gibbon on today’s budget speech.
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Part of the 2012 budget was dedicated to making the tax system simpler. Channel 4 News casts an eye over the topsy-turvy world of value added tax.
The pharmaceuticals giant GlaxoSmithKline (GSK) announces it will build its first new plant in almost 40 years at Ulverston in Cumbria.
“But the truth is not much enormous changed today beyond some loud political signalling. The growth and borrowing prospects are still, objectively, eye-watering” – Gary Gibbon on today’s budget speech.
“Is a true Briton to have no privacy? Are the fruits of his labour and toil to be picked over, farthing by farthing, by the pimply minions of bureaucracy?”
Matt Frei blogs on the complicated, but usually less costly tax system in the US.
Taxpayers are to to be given a personal statement telling them how much money is deducted from their earnings and what this is spent on, but they will not learn what they are paying in indirect taxes.
Channel 4 News learns the number of British bankers leaving the UK for Switzerland fell by 16 per cent in 2011, despite claims the 50p tax rate would encourage wealthy financiers to leave the country.
Faisal’s done the maths: George Osborne can’t justify his claim that the 50p tax rate isn’t generating money.
After a few days of watching the reaction to the reduction of the 50p rate, George Osborne may be having second thoughts about its complete abolition, writes Gary Gibbon.
Channel 4 News Political Editor Gary Gibbon blogs on David Cameron’s proposals for greater private sector involvement in Britain’s roads
Drivers could face new tolls to use major roads under plans to hand control of parts of Britain’s network to private companies, David Cameron will announce today.
Vince Cable announces a freeze of the minimum wage for 16 to 20-year-olds, and a rise in the adult rate from October. Channel 4 News hears the move could “exacerbate generational inequalities”.
Channel 4 wins the rights to show the Grand National, Royal Ascot and the Epsom Derby meaning it will be the exclusive broadcaster of British racing on terrestrial television.
Faisal Islam on how scrapping national pay bargaining might save lives, and why it will be rather difficult.
George Osborne is to lift restrictions on the amount of hours large stores can open for on Sundays during the Olympics, hoping the economy can cash in on late night shopping by tourists.