In July last year, we revealed the substantial rise in council staff drawing pensions compared to those paying in. We also revealed in April last year the enormous black hole in the Local Government Pension Scheme (LGPS) – a gaping pensions deficit of £54 billion for which taxpayers are ultimately liable.
These figures were brought into sharp focus in Waltham Forest earlier this month at a full council meeting. In a report authored by John Turnbull, Director of Finance and Procurement, the following was brought to the attention of councillors: Continue Reading
Small business owners believe it’s crucial to get the right mix of individuals with the skills needed to develop and expand a business. With a lot of small businesses starting to see some shoots of recovery, they find themselves in the fortunate position of being able to recruit. They syphon off some of their valuable time advertising, filtering and selecting candidates, some of whom have been unemployed for prolonged periods of time.
However, business owners like myself are facing fresh frustrations when individuals who apply for a job simply don’t report for interview. After reading countless CV’s, calling what seems to be an even greater pool of filtered candidates, and for these apparent candidates not the show up for an interview, would beg to question their original intention. Continue Reading
If you are a business in Nottingham, and provide 11 or more car parking spaces for your employees, your existing Workplace Parking Levy (WPL) licence will expire on 31 March. This means you are legally required to obtain a new licence covering the period 1 April 2013 – 31 March 2014. At a time when businesses are struggling, the council will also increase the cost of permits from the current £288 a year for every workplace parking space provided, to £334 – an increase of around 16 per cent.
Businesses of course can pass on the WPL costs, but as I have previously reported, this has not always gone down well. Many businesses therefore pay the levy themselves, and others have decided to no longer provide workplace parking spaces. For many people, driving to work is the only viable option, and neither them nor their employers are willing to hand over extra cash to the council for the ‘privilege’ of parking in a private car park. Continue Reading
We have published our post-Budget briefing this morning, complete with graphical illustrations to complement its analysis of the Chancellor’s announcements.
The key findings are as follows:
The Chancellor of the Exchequer, George Osborne, announced a number of welcome measures to relieve the tax burden on struggling families in today’s Budget, including:
However, the TPA has warned that the Chancellor is still relying too much on complicated measures to help specific industries, rather than making fairer and simpler changes to the overall tax structure.
Reacting to today’s Budget, Matthew Sinclair, Chief Executive of the TaxPayers’ Alliance, said:
“George Osborne has announced welcome relief for people struggling with the high cost of living. The cut in beer tax, the freeze in fuel duty and the higher personal allowance will all ease the pressure on family budgets. Lower Employers’ National Insurance and Corporation Tax will also be passed on to workers in higher wages.”Unfortunately, the great limitation of this budget was that it relied far too much on complicated targeted reliefs instead of tax cuts across the board. Simpler, strategic tax reforms that reduce the overall burden would be fairer and do more to produce the stronger economy Britain needs.”