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Category: blamed

  • Spiralling UK tax administration costs blamed on complex system, warns watchdog

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    Investor Empires

    The UK tax system has become expensive and is increasingly difficult to manage, with the increase in administrative expenditures for both the government and companies, according to a report from the National Audit Bureau (NAO). The spending control authority warned that the increasing complexity in the tax rules paid the…

  • Spiralling UK tax administration costs blamed on complex system, warns watchdog

    •

    Investor Empires

    The UK tax system has become expensive and is increasingly difficult to manage, with the increase in administrative expenditures for both the government and companies, according to a report from the National Audit Bureau (NAO). The spending control authority warned that the increasing complexity in the tax rules paid the…

  • Tax hikes blamed for slide in business confidence as KPMG forecasts growth boost

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    Investor Empires

    Business confidence in Britain has fallen to its lowest level since the immediate fallout from Liz Truss’s mini-Budget, according to new data from the British Chambers of Commerce (BCC). The researchers found that 49 percent of the 4,808 companies surveyed expect income to rise over the next 12 months, consistent…

  • ‘Poor maths skills’ blamed for rising benefits bill, says Santander UK boss

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    Investor Empires

    William Vereker, UK head of Santander Bank and a former business envoy under Theresa May, attributed Britain’s high benefits bill and long-term unemployed to poor numeracy and poor understanding of financial basics. Speaking against the backdrop of the rapidly rising sickness benefit budget, Vereker warned that many people ignore the…