Government Announcements

The government is looking at ways of encouraging business investment that does not rely so extensively on bank debt.

It has been proposed that UK banks will carry out a study of the levels of lending to smaller firms in an effort to improve business credit.

The government has announced that people will no longer be obliged to buy an annuity with their pensions.

The UK labour market could face a five-year jobs deficit if the growth predictions of the Office for Budget Responsibility (OBR) are just slightly weaker.

Attempts in Parliament to head off the government’s proposed increase in the rate of VAT have been defeated.

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