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Government Announcements

Spotlight - Government Announcements

Employers give backing to pension changes

A small majority of employers say they support plans to introduce the automatic enrolment of employees into a workplace pension scheme.

Intellectual property system to be reviewed

The government is to carry out a review of intellectual property and its value to the UK economy.

Tax system prompted firms to ponder moving abroad

A report compiled on behalf of HM Revenue and Customs (HMRC) found that one in five larger companies looked at re-locating abroad because of the UK’s tax system.

State pension age could require 'significant' rise

The state pension age will need to rise to 72 over the next two decades if the government wishes to peg retirement costs to the public purse at the same level as existed in 1981.

Decline in business confidence may dent recovery

A fall in business confidence could apply the brakes to the economic recovery later in the year, a new survey has suggested.

Recovery gains credibility from latest figures

New data on retail sales, tax receipts and the level of public debt for the third quarter of the year suggest that the economy is maintaining a level of recovery.

Small firms should be exempt from pension proposals

The very smallest employers should be exempt from the automatic enrolment pension scheme that is due to come into effect in 2012.

Planned rise in state pension age 'premature'

Proposals to increase the state retirement age for men in 2016 have been described as too hasty by the National Association of Pension Funds (NAPF).

Tax changes may lead to rise in incorporations

Increasing numbers of sole traders may switch to limited company status as a result of the tax rates announced in the emergency Budget.

Government urged to drop time to train regulations

The government should consider scrapping plans to give employees the right to ask for time off to train.