The Budget
Viewpoint: Spending Review demands wise heads
Managers have had a difficult year, facing not only continued economic uncertainty and the lowest-recorded levels of employee morale but also the recently announced Comprehensive Spending Review, signalling the biggest business shake-up in decades.
Spending Review 2010: Coalition is "gambling" that private sector will step up to the plate
The UK will return to recession if the private sector does not step forward, Travelex Global Business Payments has warned.
National insurance holiday for regional start-ups begins
A new regional National Insurance Contributions (NICs) holiday for new businesses came into effect today (6 September, 2010).
Power hour: A cooperative coalition?
This month's power hour assesses the impact the Con-Dem Government has already had on insurance and debates how it will continue to influence the industry in the future. Liz McMahon reports.
Industry anticipates further IPT rises to catch up with EU levels
Industry experts have warned of further Insurance Premium Tax (IPT) hikes as the Government attempts to bring UK tax levels into line with the rest of Europe.
Government vows to simplify tax
The Chancellor George Osborne and Exchequer Secretary David Gauke today (20 July) established the Office of Tax Simplification (OTS).
New government: Coalition consequences
The new government has already announced the end of the Financial Services Authority and an Emergency Budget full of spending cuts and tax rises. Emmanuel Kenning looks at the implications for insurance brokers.
Viewpoint: The tonic the economy needed
On 22 June, Chancellor George Osborne delivered his Emergency Budget. It set out a faster reduction of the deficit than was envisaged by the previous government and, crucially, defined how the bulk of the adjustment would be achieved through lower…
News analysis - Emergency Budget: Chancellor's axe and tax
Emmanuel Kenning reviews economists' reactions to the announcements in the Emergency Budget.
The PB interview - Bill Cooper: Bright light in the gloom
Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being cautious about prospects for brokers as the UK's economic malaise continues, the firm is very much…
Flurry of broker buys completed before CGT hikes come into play
A raft of broker acquisitions were completed before the rise in Capital Gains Tax (CGT) came into force.
Budget hits brokers hard
Brokers face a raft of additional costs following the coalition Government's emergency budget.
IPT and VAT changes will have significant impact on brokers
The Insurance premium Tax (IPT) and VAT changes announced in the emergency budget will have far-reaching consequences for brokers and insurers beyond the initial pain to policyholder’s pockets, according to Kevin Kiernan, director of personal lines,…
Emergency Budget 2010: PMI costs set to soar due to IPT rise, claims Healix
Healix has warned that the increase in insurance premium tax (IPT) will result in even higher costs for employers offering private medical insurance (PMI) or health cash plans to their staff.
Emergency Budget 2010: IPT rise will not impact on rate hikes says Bluefin boss
Stuart Reid, chief executive, Bluefin Insurance Services, said the IPT standard rate increase announced by as part of the emergency Budget would be welcomed by many.
Emergency Budget 2010: CGT and IPT rise meets mixed reactions
As part of the coalition government's emergency Budget, Chancellor George Osborne has announced increases in capital gains tax (CGT) and insurance premium tax (IPT).
Emergency Budget 2010: National Insurance changes for start-up companies
Chancellor of the Exchequer, George Osborne, has announced that new businesses outside of London, the South-East and the Eastern region are to get national insurance relief for the next three years.
Emergency Budget 2010: Biba fears IPT rise will lead to cuts in cover
The British Insurance Brokers' Association (Biba) said it is concerned that consumers and businesses will be hit by increasing insurance costs.
Emergency Budget 2010: IPT to rise
Chancellor George Osborne has announced that insurance premium tax (IPT) will rise from 5% to 6% while the higher rate of 17.5% will increase to 20%.
Emergency Budget 2010: Corporation tax to be cut, IPT to increase, VAT to rise to 20%
The Chancellor George Osborne has today given his Emergency Budget.
Emergency Budget causes City jitters
As the Chancellor puts the final touches to his emergency Budget speech, new research from BDO suggests that the City is still feeling nervous about the impact of a coalition government and some international businesses have one eye on the door.
PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.
Business confidence dented by forthcoming Budget
According to latest Economy Watch survey by the Forum of Private Businesses, confidence has been impacted by fears that increases in the Budget culd hit small businesses hard.
Biba calls for freeze on Insurance Premium Tax
The British Insurance Brokers’ Association (Biba) is urging the Government not to increase the 5% rate of Insurance Premium Tax (IPT) on insurance products in its next Budget on 22 June 2010.