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The Office of Rail Regulation is threatening Network Rail with massive fines if the company – responsible for the rail infrastructure throughout England, Wales and Scotland – doesn’t take action to ensure that targets for punctuality and service delivery are not met by the end of 2014. In 2011 almost 14 million passenger journeys were […]

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I honestly cannot believe the cack-handed way in which the government has sought to defend George Osborne’s proposed tax-relief cap for charity donations. Worse still they have attempted to do so in a manner that displays a total lack of understanding on how tax relief for charities actually works. It isn’t rocket science guys – […]

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Watching George Osborne’s 2012 Budget speech on TV I cringed at some of the ideas that he came up with, not because they might not have points to recommend them, but because Osborne didn’t seem to realise that they gifted the opposition, the media, and some of his own party, opportunities to mock and attack […]

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Captive Insurance Companies have long been used by many prominent companies to manage their insurance risks. In its simplest form, a captive is a wholly owned subsidiary created to provide insurance to its non-insurance parent company and or other group companies. They are essentially a form of self-insurance whereby the insurer is owned wholly by […]

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In an ill-informed attack Ed Miliband, leader of the Labour opposition, has called for the EU to take action against the British Crown Dependencies (Jersey, Guernsey and the Isle of Man) which he claims are “tax havens” which are ill regulated and where tax avoidance and tax evasion goes on to the detriment of the […]

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The European Commission recently proposed an EU-wide financial transaction tax (FTT) on a range of transactions to which a financial institution is a party. In simple terms every time a bank, stockbroker, insurance company, pension fund, financial leasing company, special purpose vehicle, collective investment scheme or holding company buys or sells stocks, shares, bonds or […]

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Everyone knows that the Greek economy is in meltdown and has been for some time. Frankly it is a scandal that Greece was ever allowed into the Euro. At the time everyone knew that the figures provided could not be right, but unlike the story of the Emperor’s New Clothes, there was no little boy […]

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In a new report published today, the Institute of Directors (IoD) has set out a plan to boost the UK’s economic outlook in the short and long term and defy current pessimism as to the ability of the economy to bounce back. In The Route Back to Growth the IoD set out fifteen proposals which […]

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A de Havilland DH16 (pictured) belonging to the British Aircraft Transport & Travel Company (“AT@&T”) took off from Hounslow Heath Aerodrome inaugurating the world’s first regularly scheduled airline service between London and Paris, Le Bourget Airport. Although situated near to modern-day Heathrow Airport, Hounslow Heath, which started life as a grass airstrip used by the […]

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The body of Hess, 93, was found in the grounds of Spandau Prison in West Berlin, where he had been held since his conviction in 1946 at the Nuremberg war crimes trial for crimes against humanity. Ever since there have been suspicions that he killed himself but several investigations came to no definite conclusion. For […]

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Speaking from the White House on the evening of 14th August, and after days of rumour and speculation, US President Harry S Truman announced to the world that the Japanese Government had agreed to comply in full with the Potsdam declaration which demanded the unconditional surrender of Japan. World War II was finally over. At […]

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 Before I continue let me make it clear that the above is not an accusation but a genuine question, and one which I think needs to be answered urgently. By now there can be few people who have not heard that Sir Paul Stephenson, the Commissioner of London’s Metropolitan Police force, resigned last night. In […]

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Anyone with even a passing interest in the relationship between politician and newspaper publishers has knows for many months that it was only a matter of time before the inept cover up of the illegal practices carried on by, or on behalf of, the News of the World would unravel. So it has proven this […]

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There is nothing on Earth quite like the Isle of Man TT Races. They capture the imagination in a way no other race can and the sheer spectacle and uniqueness ensure that every May and June many thousands of fans flock to the Island – many with their own bikes – to revel in the […]

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One of the reasons that you won’t often find me commenting on US tax issues is that the US government have a lot of very nasty laws that they are prepared to use on anyone they think might be encouraging their citizens to evade or even just avoid tax – even though tax avoidance is […]

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It’s over a year now since I pointed out that it is actually in the best interest of the British taxpayer for banks (or any other business) to pay large bonuses to their staff. It isn’t hard to see why this should be so and so I’m rather surprised that neither the media nor Government […]

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On Monday the Institute of Directors (IoD) launched the first ever Corporate Governance Guidance and Principles for Unlisted Companies in the UK. Unlisted companies make a major contribution to UK economic growth and employment. However, the corporate governance needs of unlisted companies have, to date, been relatively neglected by governance experts as well as by […]

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It has been obvious for many months now that the Irish economy was in deep, deep trouble and no one really believed that the Irish government could possibly manage to get the country out of the mess without the sort of help that Greece was forced to accept earlier this year. So it is that […]

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The Institute of Directors (IoD) today publishes the results of a survey of its members on the administrative burdens that the tax system imposes on them. The picture is much gloomier than that painted by last Friday’s World Bank survey, which placed the UK fourth for ease of paying taxes. The IoD argues for specific […]

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I think most people accept that the comments made by Lord Young, that the majority of UK citizens had “never had it so good” were in fact true. Despite the recession most people are benefitting from low interest rates but if you are one of the hundreds of thousands of people who have lost or […]

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