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17/08/2007
Tories Call For 'Competitive' Tax Changes
A report from a Conservative policy group has recommended changes to taxation systems in the UK including abolition of inheritance tax.
The Economic Competitiveness Policy Group launched its report 'Freeing Britain to Compete' on Friday in which it made recommendations for inclusion in Conservative party manifesto.
Chaired by former Conservative Cabinet Minister John Redwood and the Chief Executive of Next fashion group Simon Wolfson, the group was set up by David Cameron in January 2006. The remit was to "undertake the long term thinking required to reverse the decline in Britain's competitiveness, and come forward with the policies needed for the new supply side revolution."
At the launch, Shadow Chancellor George Osborne said: "The Policy Group Report we launch today is the most impressive and comprehensive analysis of the state of the British economy produced by any political party in recent times."
He said: "The Report offers us a set of imaginative policy proposals directed at improving the competitiveness of our economy, rescuing our pension system and ensuring that more Britons and more parts of Britain share in the global prosperity of our times."
John Redwood, Co-Chairman of the Economic Competitiveness Policy Group added: "In this report we have kept at the top of our minds the need to offer hope to the 5.4m people of working age without a job, for the millions of people working in small businesses that just find the burdens from Government too great and the parts of the country furthest from London that have not enjoyed a rapid growth in financial and business services.
"That is why we propose better transport, less costly more effective regulation and lower business taxes. Ireland shows that if you cut capital taxes and business taxes you create more jobs, you generate more revenue and you have better public services."
(SP)
The Economic Competitiveness Policy Group launched its report 'Freeing Britain to Compete' on Friday in which it made recommendations for inclusion in Conservative party manifesto.
Chaired by former Conservative Cabinet Minister John Redwood and the Chief Executive of Next fashion group Simon Wolfson, the group was set up by David Cameron in January 2006. The remit was to "undertake the long term thinking required to reverse the decline in Britain's competitiveness, and come forward with the policies needed for the new supply side revolution."
At the launch, Shadow Chancellor George Osborne said: "The Policy Group Report we launch today is the most impressive and comprehensive analysis of the state of the British economy produced by any political party in recent times."
He said: "The Report offers us a set of imaginative policy proposals directed at improving the competitiveness of our economy, rescuing our pension system and ensuring that more Britons and more parts of Britain share in the global prosperity of our times."
John Redwood, Co-Chairman of the Economic Competitiveness Policy Group added: "In this report we have kept at the top of our minds the need to offer hope to the 5.4m people of working age without a job, for the millions of people working in small businesses that just find the burdens from Government too great and the parts of the country furthest from London that have not enjoyed a rapid growth in financial and business services.
"That is why we propose better transport, less costly more effective regulation and lower business taxes. Ireland shows that if you cut capital taxes and business taxes you create more jobs, you generate more revenue and you have better public services."
(SP)
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Consumer Inflation Has 'Risen Sharply', Says Bank Of England
The Governor of the Bank of England has written a letter of explanation to the Chancellor over the rising inflation figure. The inflation rate has soared to more than 3.3% - well above the Government's target of 2% - in figures released today.
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Corporation Tax Reform To Create 'Competition'
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Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
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Government Publishes Draft Legislation For Tax Changes
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02 October 2006
Cameron facing pressure on tax cuts
Conservative leader David Cameron is facing pressure to introduce a policy of tax cuts from delegates at the party's conference in Bournemouth. John Redwood, who heads Mr Cameron's economic competitiveness policy group, is preparing to publish a pamphlet entitled 'The Case for Lower Taxation' on behalf of the Thatcherite Selsdon Group.
Cameron facing pressure on tax cuts
Conservative leader David Cameron is facing pressure to introduce a policy of tax cuts from delegates at the party's conference in Bournemouth. John Redwood, who heads Mr Cameron's economic competitiveness policy group, is preparing to publish a pamphlet entitled 'The Case for Lower Taxation' on behalf of the Thatcherite Selsdon Group.
02 November 2005
Taxpayers face £100 council tax increase
Council tax bills in England could increase by 10%, unless more funding is provided for local governments. In its annual statement on council tax, the Local Government Association said that councils were being expected to provide more services, without receiving an equivalent level of funding. The LGA warned that unless the government filled a £2.
Taxpayers face £100 council tax increase
Council tax bills in England could increase by 10%, unless more funding is provided for local governments. In its annual statement on council tax, the Local Government Association said that councils were being expected to provide more services, without receiving an equivalent level of funding. The LGA warned that unless the government filled a £2.
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Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
