UK Finance News

A report conducted by the Financial Times suggests that the Chancellor Alistair Darling could be well off the mark when predicting that the UK’s one off tax on bank bonuses would bring £550million in to the Treasury during this financial year.
Instead the Financial Times report says that the 50% tax levied on bonuses over £25,000 [...]

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France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over [...]

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The findings of a survey conducted by Broker Execution Ltd has revealed that Britons expect to spend less on presents this Christmas than they did last year, with fears of unemployment, higher taxes and utilities and recovery from the recession among the many worries high on the agenda for the general public.
The survey which was [...]

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The ratings agency Standard & Poor (S&P) has lowered it’s outlook on the UK to negative, claiming that Government spending will be hard to rein in amongst political uncertainty surrounding a forthcoming election.
S&P Credit Analyst David Beers explained in a statement:
“We have revised the outlook on the UK to negative due to our view that, [...]

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Following yesterdays Budget report, the following information regarding changes to personal taxation has been compiled by Michael Martin Partnership.
Personal Allowances 2009-10
These remain as announced in the Pre-Budget report November 2008. From the 6 April 2009 the income tax personal and age related allowances are increased to:
Age under 65 – £6,475
Age [...]

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