Mark Carney in his first week as Governor of the Bank of England has made a number of reported decisions that have pleased the markets and other groups. Firstly, it was reported that he used the Underground to journey to work. This endeared him to thousands of other commuters who battle through the maze of tunnels and exits on Continue Reading
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HMRCs accounts – report by Committee of Public Accounts
The following statement was published on the UK Parliaments website 2 July 2013. Please note that the tax gap referred to in Margaret Hodge’s remarks is the difference between tax due and tax collected. A statement from The Rt Hon Margaret Hodge MP, Chair of the Committee of Public Accounts: These accounts give us a mixed picture. One of the Continue Reading
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David Cameron announces �1m prize for innovation challenge
British cosmologist and astrophysicist Martin Rees has been charged with identifying a modern day Longitude Prize – this was set by the British Government in 1714 and promised £20,000 to the person who mastered the challenge of calculating longitude at sea. At the recent G8 conference Cameron is quoted as saying: “What the world needs most of all right now Continue Reading
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Bank of England’s new boss starts this week.
The appointment of Mark Carney as the new governor of the Bank of England has received guarded approval from the financial press this week who hope that he will take a more active role in stimulating the UK economy. The Bank of England interest rate setting committee is meeting Thursday this week and is expected to reject any further boost Continue Reading
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