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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Garlic smuggler dodged £2m of tax

Category : World News

A man from west London is on the run after being sentenced to six years in jail for smuggling Chinese garlic into the UK, dodging £2m in import duty.

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Asda criticises fuel duty rise

Category : World News

Asda chief executive Andy Clarke calls for the planned fuel duty rise to be scrapped, as the supermarket group reports a slowdown in sales.

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Which? calls for fuel duty delay

Category : World News

Consumer organisation Which? calls for a delay to the increase in fuel duty planned for January, as MPs prepare to vote on the proposal.

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Taxes blamed for slump in beer sales

Category : Business

Industry group calls for freeze in beer duty escalator after 5.6% drop in sales in three months

The government has been accused of damaging the brewing industry after figures showed another fall in beer sales in pubs and supermarkets.

The British Beer and Pub Association (BBPA) blamed taxes for the 5.6% reduction in the past three months, and said there was an urgent need to freeze the beer duty escalator.

Around 117m fewer pints were drunk in the quarter to September compared with the same period last year, despite the benefits of the Olympics and Euro 2012 football championship, said the association, which warned the reduction in sales was hitting government revenues as well as jobs.

Beer prices have been affected by an “astonishing” 42% tax hike since the 2%-above-inflation escalator was introduced in 2008, said the report.

MPs are to call for a parliamentary debate on the impact of beer taxes, following a petition signed by more than 100,000 people demanding government action on the issue.

Sales of beer in pubs fell by 4.8% in the latest quarter, with 51 million fewer pints poured for pubgoers than in the same period in 2011, while supermarkets and off-licence sales were down by 6.5%.

Brigid Simmonds, chief executive of the BBPA, said: “If the government wants to encourage growth, back British business and support local communities, then it must end the beer duty escalator.

“The chancellor must listen to the thousands of people now calling for a change, so the sector can grow, create jobs and contribute more to UK plc.”

The government’s beer tax “escalator” policy means increases of 2% above inflation until 2014/15.

S Africa gold miners ‘end strike’

Category : World News

Nearly all the 15,000 South African gold miners who faced dismissal for going on an illegal strike report for duty, their company says.

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Mortgage lending for May rebounds

Category : World News

Mortgage lending rebounded in May, lenders say, after a slump following the reintroduction of 1% stamp duty for first-time buyers in April.

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Turkey Sends Military Units Toward Syria Border, Turkish Media Say – Wall Street Journal

Category : Stocks


Wall Street Journal
Turkey Sends Military Units Toward Syria Border, Turkish Media Say
Wall Street Journal
BEIRUT—Turkey deployed armored military units on its border with Syria, Turkish media said Thursday, raising regional tensions two days before world powers are due to discuss the prospect of a political transition in the conflict-torn country.
Syria's Assad says duty to “eliminate terrorists”Reuters
Turkey Fortifies Syrian Border; Bomb Hits DamascusABC News

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House prices slip back in June

Category : World News

The price of a typical UK house falls 0.6% in June according to Nationwide, which blamed the ending of the stamp duty holiday.

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Letters: Fuel tax politics

Category : Business

The decision to postpone the 3p fuel duty increase to January will probably go down well with some hard-pressed families (Report, 27 June). But wholesale oil prices are only going to rise in the long-term. What the government should be providing is a choice in how we all get around for everyday journeys. With rail fares set to rise above inflation in January and more bus services being cut, more of us are being denied a choice. Running an increasingly expensive car is the only option for many. A quarter of British families already don’t have access to a car. This £550m would have been better spent on investment in providing a transport choice from which we could all benefit.
Joe Williams
Policy adviser, Sustrans

• Fuel duty rise planned for August postponed until January, helping to keep inflation down. September inflation figures determine rises in pensions and benefits from next April. Coincidence?
Neil Gershon
Haywards Heath, West Sussex

Planned 3p fuel duty rise delayed

Category : Business

The government will delay a 3p-a-litre rise in fuel duty from August until next January, it announces.

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