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Under EU law each member state must elect their MEPs (Members of the European Parliament) by a system of Proportional Representation (“PR”). However it is left to member states to choose which particular version of PR system they will use. PR is designed to ensure that the number of seats won by a party or […]

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The doom and gloom-mongers in the British media, as well as some politicians, are claiming that yesterday’s decision by the European Court of Justice (ECJ) rejecting the British government’s challenge to the operation of the Financial Transaction Tax (FTT) spells disaster for the City of London. But in the immortal words of Corporal Jones in the […]

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Ask people what the term “personal development” means to them and most will answer in relation to their career or employment development. Only when you ask for further examples might they start to talk about developing personal relationships. In truth the term applies to anything that will enrich your life, financially or otherwise; bring you […]

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Most people know the phrase “Stockholm Syndrome” from the numerous high-profile kidnapping and hostage cases – usually involving women – in which it has been cited. The term is probably most associated with Patty Hearst, the Californian newspaper heiress who was kidnapped by revolutionary militants in 1974. She appeared to develop sympathy with her captors […]

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On this day in 1958, the U.S. nuclear submarine Nautilus – completed the first undersea voyage to the geographic North Pole. The world’s first nuclear submarine, the Nautilus dived at Point Barrow, Alaska, and traveled nearly 1,000 miles under the Arctic ice cap to reach the top of the world. It then traveled on to […]

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The Institute of Directors (IoD) has just released a new report, The Midas Touch, which reveals how EU directives have been ‘gold-plated’ during translation into UK law, creating unnecessary additional burdens for businesses. The report calls on the Government to fulfil its pledge to carry out a comprehensive review of all EU laws to identify […]

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Ahead of this week’s Queen’s Speech and following a survey of IoD members, which found that the two biggest factors holding back businesses are the economy and government regulation, the Institute of Directors (IoD) has called for the introduction of three Bills. The IoD accepts that there are no quick fixes for our economic situation, […]

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According to Chief Minister Allan Bell, the Isle of Man is beginning to get its message across to senior politicians, decision makers and opinion formers in the UK, EU and further afield that it is part of the solution not part of the problem of tax evasion. Mr Bell and Treasury Minister Eddie Teare attended […]

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The UK now levies the highest taxes on flying in the world. In less than 20 years the tax (Air Passenger Duty or “APD”) has risen from £5 for flights within Europe and £10 for outside Europe to between £13 and £184 per person depending on distance and class of travel.  In 2011-12, APD raised […]

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If an individual engages in a business (as a sole trader) and makes a profit, that is taxed. If two or more individuals engage in business (as a partnership or limited liability partnership) and make a profit the partnership does not pay tax but the profits flow through to the individuals who pay tax on […]

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The Institute of Directors has welcomed George Osborne’s Autumn Statement as “a tricky job, well done”, as the Chancellor adopted several IoD proposals for the nation’s economic and public policy. The IoD’s original submission to the Chancellor for the Autumn Statement can be found online here. Of the IoD’s proposals, those on infrastructure spending, Capital […]

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The Institute of Directors (IoD) has put forward ten points that it wants the Chancellor to consider for the forthcoming Autumn Statement. The overriding message is that he must stick to fiscal Plan A, whilst ensuring our transport and energy infrastructure and our tax system provide a firm basis for economic recovery. It remains to […]

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Fracking in the UK is neither new nor intrusive. The picture to the left is of a fracking pump that has been extracting oil and gas daily for over fifty years. It is also situated next to the Royal Society for the Protection of Birds nature reserve at Beckingham, Nottinghamshire. As the UK looks towards […]

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The first “Austin Mini 7”, the iconic car designed by Sir Alec Issigonis and manufactured by the British Motor Corporation went on sale at a price of £497. It was one of the cheapest saloon cars available and had been designed and introduced in answer to the fuel shortage and petrol rationing caused by the […]

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After three hours of anguished debate, the Soviet Parliament (the Supreme Soviet) voted to suspend all activities of the Communist Party pending an investigation of its role in a coup against President Mikhail Gorbachev. The fate of the party was already sealed before Parliament’s vote. Individual republics had closed Party offices and seized its vast […]

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The Earth Summit 2002 (or to give its official title “The World Summit on Sustainable Development”) was held in Johannesburg, South Africa, from 26 August to 4 September 2002. It was convened by the United Nations to discuss sustainable development and was attended by a number of leaders from business and non-governmental organizations. As it […]

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Richard Milhous Nixon was nominated as the Republican presidential candidate on 8th August 1968 and exactly six years later, 8th August 1972; he announced he was resigning as the 37th President of the United States becoming the only President to resign office. After service in the Navy in World War 2 Nixon entered national politics […]

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Curiosity was launched from Cape Canaveral on 26th November and touched down on Mars earlier today to explore Gale Crater on Mars as part of NASA’s Mars Science Laboratory mission (MSL). The rover, which is the size of a small car, is designed to investigate the Martian climate and geology; assess whether Gale Crater has […]

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The worldwide media is today full of the story that it is exactly 50 years since the Rolling Stones first appeared on stage. In fact it was the very first time they ever played together and I remember it well because I was there – which is more than you can say for most (all?) […]

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Almost before George Osborne sat down after delivering his 2012 Budget speech, many of his own Conservative MPs – on the back benches and in the cabinet – were putting up howls of anguish at some of the measures, such as the so-called “pasty tax”, the “granny tax”, taxes on caravans and listed buildings, and […]

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