UK Finance News » Corporation tax

How UK debt affects us all

John Williams — Mon, 13 Dec 2010 12:25:14 +0000

The following ‘infographic’ is designed to look at the current extent of Britain’s debt and the effect that it is likely to have on all of us, highlighting the areas which will be worse off after the government spending cuts.

The information is supplied by money.co.uk and clearly illustrates how the rich and poor divide in the UK could be set to increase dramatically as various groups face up to the possibility of losing up to 20% of their income.

While some groups stand to suffer a loss in their income others could actually benefit from the cuts.

UK Debt

Sesame rates service to IFA market

James Stafford — Sat, 01 Mar 2008 08:48:15 +0000

IFA Network Sesame Limited has revisited its Provider Service Index - a measure of how well Financial Services providers support over 7,500 Sesame network members – and how that directly affects the experience of high street customers.

The half-yearly survey is an in-depth analysis of service provision by 21 companies.

Topping the bill is relative newcomer and specialist annuity and equity release provider, Just Retirement.

Skandia take second place whilst Legal & General has moved up four places to third spot.

Friends Provident and Standard Life are the non-movers holding steady in their respective fourth and fifth places since the last survey in August 2007. AXA placed bottom again.

Sesame Sales & Marketing Director, Stephen Young is encouraged by responses from providers to suggestions for potential service improvements: “We have been sharing the findings to help them identify areas for improvement…it is possible to make a real difference to advisers’ ability to run efficient businesses that deliver a professional service to their clients.”

Treating Customers Fairly is the linch-pin of the Financial Services Authority’s principle-based approach to regulation and is this year’s industry watchword for advisers and providers alike.

Chancellor warned not to mess with corporation tax

John Williams — Mon, 25 Feb 2008 13:22:37 +0000

Big businesses in the UK have warned the Chancellor Alistair Darling not to consider them as an easy touch in his forthcoming Budget speech.

A survey of Britains largest businesses, conducted by Price Waterhouse Coopers, showed that the 72 companies that took part, paid a total of £23billion in tax last year, of that £12.8billion was in corporation tax, more than a quarter of the total corporation tax collected by the Treasury.

The chairman of the Hundred Group, Ashley Almanza, group finance director at British Gas, said that Mr Darling should not turn to the corporate sector for extra funding to ease mounting stresses on government finances.

“For members of the Hundred Group, tax is increasing faster than GDP, faster than inflation and faster than the rate at which overall tax receipts are increasing.

“I think not just the Hundred Group but business more widely would be severely disappointed if we see an increase in the total tax from companies. It would make no sense at all to increase the burden on corporations which are such a vital part of the economy’s performance.”