Articles in the Economy Category

Business management, Economy »

[30 Oct 2018 | Comments Off | ]

At the Tory party conference in Birmingham, Theresa May confidently declared that the years of austerity were well and truly over. We had never had it so good she said. Hammond quickly distanced himself from becoming his prime minister’s hostage to fortune by opening his statement with a mumbled statement that austerity was merely coming to an end. Although he couldn’t say exactly when. All he could do was acknowledge things were still fairly rubbish but he would do his best to make things appear slightly less bad than they already were …

Business management, Economy, Taxes »

[24 Nov 2017 | Comments Off | ]

For a man better known for his “hawkish-ness” than his humour, the Chancellor wasn’t slow to deliver his first “gag”. Within minutes of taking to the Despatch Box he delivered a mawkish, poorly-worked double-act with Theresa May who ended up waving her cough sweets like Excalibur behind his head. This was like Budget Panto with the pair exchanging props. It didn’t matter; this was fluff of the first order, a performance masking a budget that tinkered with many things but made no major difference to anything…apart from maybe his own …

Economy »

[19 Mar 2015 | Comments Off | ]

Cocky Chancellor walks tall in UK, “the comeback country”?

George Osbourne delivered almost an hour of carefully honed political assassination in Parliament yesterday. Patrick Wintour writing in the Guardian said that “so much of the budget was nakedly political, devoted to wrong-footing Labour’s campaign, stealing their better-styled clothes and leaving shadow chancellor Ed Balls short of the cash he needed to fund their flagship projects. By the end of the speech so many Labour foxes lay dead, it looked as if David Cameron’s Heythrop Hunt had galloped through the chamber.”

Osborne skewered Labour’s flagship plans to …

Economy »

[10 Dec 2013 | Comments Off | ]

On the day that the Tory benches undid Ed Balls by shouting at him until he shouted back, red-faced and as spittle-flecked as an attack dog, Osbourne must have thought he had done enough to win the front page headlines in all the papers on Friday. Unfortunately for him, he was completely undone by the death of Nelson Mandela; The Autumn Statement for 2013 sunk with barely a ripple into the morass of “and in other news…”
To be honest it was never going to be a long runner anyway because …

Economy, Taxes »

[6 Dec 2012 | Comments Off | ]

Mini-Budget not Autumn Statement?

This was really a mini-Budget which produced some good news and surprises for business and some expected bad news for personal taxation.

Economy, Taxes »

[23 Mar 2012 | Comments Off | ]

I would have thought it unlikely that we would see the term “Granny tax” trending on Twitter but that’s what George managed to achieve yesterday.┬áNick Clegg had claimed in the pre-briefings that this year’s budget was the “Robin Hood” budget, taxing the rich to pay the poor. But George Osborne wasn’t quite listening properly when he said that and has proceeded to tax the old to pay just about everyone else! OK, so that’s a bit of a sweeping generalisation but it will be one of the lasting impressions left …

Economy »

[1 Dec 2011 | Comments Off | ]

Last week┬áThe Economist said that the Chancellor had made it clear that he does not regard The Autumn Statement “as a ÔÇ£fiscal eventÔÇØ where spending and tax changes are announced; that will be saved for the budget in March. But it is a political set-piece all the same. So the chancellor will try to knit together a variety of small, fairly cheap policy strands, such as measures to help small businesses with credit, into a coherent growth strategy. Given the unfolding catastrophe on BritainÔÇÖs doorstep, it is likely to look …

Business management, Economy, Taxes »

[24 Mar 2011 | Comments Off | ]

“Forget the cuts, just fill up your petrol tanks” was the headline in the┬áGuardian this morning. While The┬áTelegraph weighs in with “Osborne puts fuel in the tank, but potholes lie ahead”. I personally wasn’t sure whether these comments were aimed at me or at Muammar Gaddafi until I drove into work this morning and discovered again the enormous pothole on the main road into Plymouth – perhaps it was aimed at us after all?
Having laid his strategy out in sweeping style in the Emergency Budget last year, Osborne maintained his …

Economy »

[8 Mar 2011 | Comments Off | ]

So who do we trust? The market, the Greek Government or the rating agencies?
Moody’s have downgraded Greece’s credit rating so that it now stands on a par with Fiji and Vietnam. It’s debt is now graded Ba1 – or what we would all probably call “junk”.┬áThe fact that corporate bonds based on repackaged dodgy mortgage debt was rated as AAA1 prior to the banking crisis is beside the point apparently.
The financial markets, the economy, banker-bashing and bonuses – sometimes we just have to stop and laugh!

Economy, People »

[25 Jan 2011 | Comments Off | ]

The Cities Outlook 2011 report tracks the changes in various economic indicators for cities across the UK. As a Plymouth based firm, we’re interested and heavily invested in the city and its future. And that makes for some difficult reading in this survey.
The Plymouth numbers are shown here and the one that strikes me (as an accountant) as being the most significant for the future of the city is the figure for “business stock per 10,000 population” – a measure of the number of businesses in the city. On this …

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