The number of new companies being started in Britain has dropped sharply in
the biggest decline since the mid-1970s oil crisis.
77,300 fewer start-ups registered with Companies House last year than in
2007, a decline of 17.2 per cent, according to Wilkins Kennedy.
The firm says the drop in numbers is almost double that of the previous
recession. In 1991 there was an 8.6 per cent decline in new start-ups.
Lack of access to credit is cited as a key factor behind the drop in start-up
numbers. A Bank of England survey last month found that banks further reduced
the amount of available credit in the final quarter of 2008.
Does Darwin's theory apply to taxation? Colin ponders...
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy