Archive for September, 2014

Scottish economy continues to strengthen

Comments Off | 09-30-2014

Responding to the latest publication of the Bank of Scotland’s Business Monitor the Scottish Secretary Alistair Carmichael said:
Today’s Bank of Scotland’s Business Monitor shows that the Scottish economy continues to grow and business expectations for the months ahead continue to rise. It is also good to see export expectations have grown to near record survey highs.
Since

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State Pension £1,300 a year top up: the countdown begins

Comments Off | 09-29-2014

People can pre-register now and from 12 October 2015 until 5 April 2017 they will be able to make a contribution for a State Pension top up, allowing them to increase the value of their State Pension.
This scheme is open to all those who will have reached State Pension age before 6 April 2016 and

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Chancellor abolishes 55% tax on pension funds at death

Comments Off | 09-29-2014

The Chancellor today (Monday 29 September) announced that from April 2015 individuals will have the freedom to pass on their unused defined contribution pension to any nominated beneficiary when they die, rather than paying the 55% tax charge which currently applies to pensions passed on at death.
Around 320,000 people retire each year with defined contribution

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Government consults on extending LIBOR powers to more financial benchmarks

Comments Off | 09-25-2014

The government has today launched a consultation on extending the new legislation the government put in place to regulate LIBOR to cover further benchmarks in the foreign exchange, fixed income and commodity markets.
In June this year, the government announced the establishment of the Fair and Effective Markets Review, which is a joint review by the Treasury, the

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UK visual effects, animation & games industries get multi-million pound skills boost

Comments Off | 09-25-2014

The UK’s leading visual effects (VFX), animation and games employers – including Double Negative, Framestore, Moving Picture Company, Pinewood Studios, Sony Computer Entertainment Europe and Ubisoft Reflections – have joined forces to create a new Next Gen Skills Academy, it was announced today.
The consortium has secured nearly £6.5m of investment via the UK Commission for

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Masdar to invest more than £525 million in Dudgeon offshore wind farm

Comments Off | 09-24-2014

Abu Dhabi-owned green energy giant Masdar has confirmed that it will invest £525 million for a 35% stake in the planned Dudgeon offshore wind farm, alongside Norweigan partners Statoil and Stakraft.
Based off the coast of north Norfolk, the wind farm is expected to support 450 jobs and bring hundreds of millions of pounds of investment

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£8 million to train the next generation of the nuclear workforce

Comments Off | 09-23-2014

Business Secretary Vince Cable will announce £8 million of funding today (23 September 2014) to train the next generation of nuclear technicians and engineers.
The funding will create hundreds of new apprenticeships and traineeships as part of the Magnox led Nuclear Industrial Partnership.
Funding builds on the government’s Nuclear Industrial Strategy which is aimed at making sure Britain

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Welsh businesses encouraged to claim £3,000 grants for better broadband

Comments Off | 09-23-2014

The scheme allows businesses to apply for grants of up to £3,000 each to cover the costs of installing faster and better broadband.
So far, more than 170 businesses in Cardiff and Newport have received grants, with many more currently going through the application process.
The grant, in the form of a voucher, is part of the

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Economic Secretary on foreign direct investment

Comments Off | 09-23-2014

Thank you for asking me here to speak on such a valuable topic for the UK.
FDi is one of one of the UK’s big success stories. The current stock of foreign direct investments in the UK is over £1 trillion, creating over 100,000 jobs and generating the economic growth this country badly needs.
As you may

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Nine convicted of multi-million pound pyramid promotional scheme

Comments Off | 09-18-2014

Following a Competition and Markets Authority (CMA) prosecution, over 3 trials, nine people have been convicted at Bristol Crown Court of organising and/or promoting a pyramid promotional scheme involving over £20 million pounds.
Alex Chisholm, CMA Chief Executive, said;
As the convictions make clear, pyramid selling schemes where money is generated primarily by recruiting new people to

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