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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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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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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 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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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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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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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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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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 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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