The property industry expressed concern over plans to charge capital gains tax on foreign residential investors from April 2015, but has welcomed the Chancellor’s decision to at least consult on the proposals before their introduction. The British Property Federation (BPF) had warned the Treasury that the tax hike would raise little money and risked...
The Chancellor confirmed in his Autumn Statement that the State pension age will rise to 68 in the mid-2030s and 69 in the late 2040s. Mark Packham, head of pensions for accountants PwC in the West of England, said: “Linking the State pension age to life expectancy means we could easily see people having...
Chancellor George Osborne extended small business rate relief in his Autumn Statement today and capped next April's rate rise at 2%. He also introduced a re-occupation relief for vacant town centre shops and a £1,000 rates discount for small shops, pubs and restaurants. “We are backing British businesses all the way,” he said. The...
Key points in Chancellor George Osborne’s Autumn Statement: Next year's fuel duty rise will be cancelled Big expansion of start-up loans which will help create 50,000 new businesses Film tax relief will be extended Investment in social enterprises will be encouraged Office of Budget Responsibility says 3.1m more jobs will be created by business...
Bath Business News will provide up-to-the-minute coverage of Chancellor George Osborne’s crucial Autumn Statement later today, including instant reaction from regional business figures.
The Chancellor needs to do more to support commercial property developers as demand for business space increases in Bath, according to a market expert. John Mulholland, director at international consultants Jones Lang LaSalle, who has spent many years covering the city’s property scene, said: “The Government also needs to help support the flow of...
Business West, the organisation behind Bath Chamber of Commerce, is urging Chancellor George Osborne to reform business rates in his Autumn Statement tomorrow. Business rates have emerged as the key issue identified by business groups for reform, which they argue would deliver a much-needed boost to firms as the economy starts to recover. The...
Bath’s most famous visitor attraction and one of the area’s most innovative businesses are benefitting from the Prime Minister’s high-profile visit to China as head of the UK’s largest trade delegation to the fast-growing country. The city’s Roman Baths have signed up as a founding member of VisitBritain’s China Welcome Charter which could put...
Grant Associates, the Bath-based international landscape architecture firm, has joined a drive to help the UK’s creative companies win high-value contracts overseas. The Government’s trade boosting arm UK Trade & Investment (UKTI) will support a taskforce of the UK’s top 100 creative sector small and medium-sized enterprises to win overseas contracts worth £500m over...
WPC Software, the Keynsham-based developer of IT systems for UK police forces, is strengthening its management team and launching a recruitment drive as it continues to expand into new sectors. Rejoining the firm as business manager in charge of its vetting management software is Dave Kelly, pictured. He left five years ago having previously...
