UK Treasury

Ned Simons

Civil Servants Given 'Evening Dress' Allowance, Bill Picked Up By Taxpayers

HuffingtonPost.com | Ned Simons | Posted 21.05.2013 | UK Politics

Whitehall civil servants are able to pass the cost of hiring evening dress onto the taxpayer, it has been revealed. Since 2008 civilian staff worki...

Value of Briton's Unclaimed and Heirless Estates Doubles in a Year

Liz Braude | Posted 16.05.2013 | UK Lifestyle
Liz Braude

Under laws dating back to medieval times, if no claimants come forward, all bona vacantia either pass to the Treasury on behalf of the Crown or to the duchies of Cornwall and Lancaster, if the deaths of individuals who leave neither wills nor heirs occurred within their boundaries.

Coalition's £310 Billion Infrastructure Plan For Britain Under Fire

PA | Posted 29.04.2013 | UK Politics

MPs have voiced doubts about the credibility of the coalition's £310 billion plan for boosting Britain's infrastructure. The Public Accounts Commi...

Accountancy Firms Using 'Insider Knowledge' From Treasury To Dodge Tax

PA/The Huffington Post UK | Posted 26.04.2013 | UK Politics

Big accountancy firms are using "insider knowledge" gained from Treasury staff to help companies and wealthy individuals avoid paying UK taxes. The...

The Deficit is Falling!

Jonathan Portes | Posted 23.04.2013 | UK Politics
Jonathan Portes

There's nothing in economic theory that says you pause a third of the way through a deficit reduction programme which has gone way off track; nor does the fiscal framework, now effectively defunct with the abandonment of the debt target, dictate this approach.

Ex-HBOS Boss Quits Job With Private Equity Firm

PA | Posted 05.04.2013 | UK

Former HBOS chief executive Sir James Crosby has stepped down from his role with private equity firm Bridgepoint following a damning report into the c...

Worse Than Fred The Shred?

PA/The Huffington Post UK | Posted 05.04.2013 | UK

Bankers who ran HBOS in the run-up to its dramatic collapse are ultimately to blame for its failures, and should never be allowed to work in the finan...

Parked On Benefits

The Huffington Post UK | Posted 05.04.2013 | UK Politics

George Osborne has been engulfed in a PR disaster after his car was caught parked in a disabled parking space. On Friday morning the Daily Mirror p...

George Osborne Attacks 'Shrill' Critics of Benefit Cuts

The Huffington Post UK | Ned Simons | Posted 02.04.2013 | UK Politics

George Osborne has defended the coalition's controversial cuts in benefit payments and attacked his critics for peddling "shrill, headline-seeking non...

Government Departments Told To Prepare For 10% Cuts

PA | Posted 27.03.2013 | UK Politics

Most government departments have been told to prepare for cuts to their budgets of around 10%, it has emerged. Schools, the NHS and international a...

Will The New Government Mortgage Scheme Help Rich Second Home Buyers?

PA/The Huffington Post UK | Posted 24.03.2013 | UK Politics

Chief Secretary to the Treasury Danny Alexander has defended the Government's mortgage guarantee scheme, insisting its intention was "not to help peop...

Mehdi Hasan

Norman Lamont: Cutting Spending Does Hit Growth

HuffingtonPost.com | Mehdi Hasan | Posted 21.05.2013 | UK Politics

One of the chancellor's closest allies has said that George Osborne "should stick to the strategy" of deficit reduction, despite admitting that auster...

Mehdi Hasan

Norman Lamont: Cutting Spending Does Hit Growth

HuffingtonPost.com | Mehdi Hasan | Posted 21.05.2013 | UK Politics

One of the chancellor's closest allies has said that George Osborne "should stick to the strategy" of deficit reduction, despite admitting that "no on...

Rebalancing the Budget

Dan Gregory | Posted 18.05.2013 | UK Politics
Dan Gregory

So George Osborne has lost his treasured AAA rating. We are now heading for record consecutive quarters of stop-start growth. Youth unemployment is at an all-time high. Neither the deficit nor the debt is coming down and there's no money to do anything about it. If we want to spend more we have to borrow more, and even Ed Balls can't be sure we'll end up better off if we do.

Osborne's Banking Reforms 'Unconvincing', Commission Says

The Huffington Post UK/PA | Charlie Thomas | Posted 11.03.2013 | UK

Britain's banks and the Chancellor came under fire from the Parliamentary Commission on Banking Standards on Monday after the government was criticise...

Lloyds Staff To Share £365m In Bonuses, Despite Bank's £570m Loss

The Huffington Post UK | Charlie Thomas | Posted 01.03.2013 | UK

Banking bonuses at Lloyds Banking Group were cut by 3% across the bank, following its announcement that it had made a £570 million annual pre-tax los...

Charlie Thomas

Beer Tax Row Escalates Ahead Of The Budget

HuffingtonPost.com | Charlie Thomas | Posted 11.03.2013 | UK

George Osborne is to face another round of calls to scrap the beer duty escalator in the 2013 Budget. The TaxPayers Alliance has stepped up a campa...

Changes To University Funding Will Cost Government £7bn

PA | Posted 19.04.2013 | UK Universities & Education

Changes to the way universities are funded will result in economic costs six times higher than any Government savings, new figures suggest. The Tre...

The Austerity Delusion? (Or, 'Cuts? What Cuts?')

Jonathan Portes | Posted 29.03.2013 | UK Politics
Jonathan Portes

The continued dismal performance of the UK economy is entirely consistent with the predictions of those of us who have argued consistently for the last two years that premature fiscal consolidation would be severely contractionary in the short term, and risked doing significant long-term economic and social damage.

Calls For Scrapping Of Tax As Beer Sales Fall Again

PA | Posted 25.01.2013 | UK

Beer sales have fallen for the eighth year in a row, with 381 million fewer pints being drunk in 2012, according to a new study. The British Beer a...

The Child Benefit Changes Are Fair and Reasonable

David Gauke MP | Posted 05.03.2013 | UK Politics
David Gauke MP

During times of economic difficulty, when we are taking tough action to keep welfare spending under control, how can we justify spending nearly £2 billion per year on child benefit to the wealthiest people in society?

Footing The Bill? Chancellor Claims £949 For Champions League Final Trip

Daily Mirror | Posted 31.01.2013 | UK Politics

Chancellor George Osborne blew nearly £1,000 of taxpayers’ cash on a trip to Germany that let him watch his team win the ­Champions League. The...

Living Wage Would Pay Workers More And 'Save Treasury £2bn A Year'

PA | Posted 26.02.2013 | UK

The Treasury would save over £2 billion a year if workers were paid the Living Wage because of higher income tax payments and lower spending on benef...

Ned Simons

Google's Ties To Tories Attacked As Eric Schmidt Says He Is 'Proud' Of Tax Avoidance

HuffingtonPost.com | Ned Simons | Posted 13.12.2012 | UK Politics

The Conservative Party's links to Google have come under fire after the internet giant's boss said he was "proud" of his company's tax avoidance schem...

Starbucks To Pay £10m Corporation Tax For Next Two Years

PA/Huffington Post UK | Posted 07.12.2012 | UK

Starbucks has said it will pay "somewhere in the range of £10 million" in UK corporation tax for each of the next two years. The US coffee firm - ...