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UK Government Launches Free Money Advice Service
United Kingdom Chancellor of the Exchequer, Alistair Darling has launched a new free money advice service to be rolled out nationwide. The Moneymadeclear service includes a helpline, website and face-to-face advice services, delivered through a range...
Tax Boost for Difficult West of Shetland Gas Fields
Oil companies operating in the most difficult to exploit areas of the UK Continental Shelf are to receive a boost under planned legislation from the Government. The measure could provide up to £160 million worth of tax relief for each gas field in the...
Dueling CHUTZPAH
This seems to have become a week when, to paraphrase the words that William Shakespeare assigned to King Lear, chutzpah will come of chutzpah. The events in question are unfolding in the United Kingdom over a matter that has become all too familiar...
UK-based Banks to Start Offering New Loans to Eligible Onshore Wind Farms
Three UK-based banks will start offering new loans to eligible onshore wind farms today. Wind farm developers and the banks will have an opportunity to start brokering the deals at a forum in the city hosted by Ed Miliband and Chancellor Alistair Darling. The...
British Government Announces 2.5% Cut in VAT
The UK Government has announced that it is cutting the rate of Value Added Tax (VAT) by 2.5%, to 15%, in a move to get consumers spending again. This move, along with other tax cuts, is going to require the government to increase borrowing to record levels,...
Legislative Reform Order Will Modernize the Operation of Lloyd’s of London
Financial Services Secretary to the Treasury Paul Myners, today welcomed the coming into force of a Legislative Reform Order (LRO) that will modernize the operation of Lloyd’s of London.
U.K. Government Waives V.A.T. on ‘Help For Heroes X-Factor Campaign ‘
The Chancellor of the Exchequer, the Rt Hon Alistair Darling MP, has announced that the Government will waive VAT on the sale of the X-Factor Help For Heroes single, by making an exceptional one-off charitable donation equivalent to the sum of the VAT...
U.K. Agrees Prisoner Transfer Deal with Vietnam
Vietnamese nationals serving prison sentences in the UK will now be able to return home to complete their sentence following an agreement signed by Justice Secretary Jack Straw today.
