Former defence secretary Liam Fox urged the government to waive the tax for three years and then reintroduce it at only ten per cent – well below the present level of 28 per cent. The levy is paid on profits from the sales of assets – thus a suspension would likely benefit the financially well-off who own more than one property or other assets.
The partnership benefited from its status as the official department store of London 2012, which allowed it to generate sales linked to the Olympics and Paralympics.
Senior Tories blamed Liberal Democrats for fuelling speculation that the Treasury could water down its commitment to putting state debt levels on a downward trajectory by the end of the parliament in 2015.
The Office for National Statistics said private firms now employ a record 23.9million workers. Economists said the figures were 'encouraging' and 'remarkably good' (file pic).
Peter Cummings launched an extraordinary attack on the Financial Services Authority after the regulator fined the former tea-boy £500,000 and banned him from working in the City for the rest of his life.
The Campaign for Real Ale's annual Good Beer Guide revealed there are now 1,009 breweries in the country - the highest figure for 70 years.
The study by the centre-right group Policy Exchange said councils should be forced to free up vast swathes of countryside for house building in a bid to get the moribund market moving again.
The new handset will set you back at least £123 plus a two-year contract, or £529 on a SIM only deal, and that's before your phone bill arrives each month. Translating from how Apple have priced the iPhone 5 in the US, British consumers happy to sign up to a two-year contract will pay about £123 ($199) for the 16GB model, £185 ($299) for the 32GB and £248 ($399) for the 64GB. ...read
Shares in BAE Systems surged 11 per cent after leaked news forced the company to reveal it was in merger talks with European partner EADS to create the world's biggest aerospace and defence group.
The change would make moving banks far easier, removing the need to provide third parties such as utility companies and other banks with new account details to maintain direct debits.
The rising cost of owning a car and the lack of transport alternatives could push millions of people into debt, according to the latest report by cycling charity Sustrans.
Here it is!
Apple unveils TALLER and THINNER iPhone 5 made of glass which comes with new panoramic camera feature
You think you've had a row with a builder?
Property investor 'called an architect a f****** little t***' in one of 3,700 emails as £100m project went wrong.
TUC chief to receive £100,000 'golden goodbye'
Brendan Barber will earn four times the average annual salary.
Millions of people at risk of 'transport poverty'
Soaring cost of motoring and lack of alternatives pushing millions into debt, says report.
ASK TONY: I was left in the dark about the cash my solar panels made
Almost a year after my solar panels were registered I've still never had my feed-in payments
Revealed: We publish the bonuses paid to Lloyds staff to push products in branches
This is Money exclusive
Money Mail launches five-point manifesto to get Britain saving again
Derisory rates, baffling accounts and poor investment returns - no wonder Britain’s lost the savings habit
JAMES CONEY: It's time to end this bonus greed at banks
The banks say dodgy sales tactics are a thing of the past, but I’ll believe it when I see it
Tesco slashes its best-buy personal loan rate to 5.7%
Tesco Bank cuts rate on larger loans by another 0.2%.
Savers urged to act as top fixed deals last for just ONE DAY
Top rates on offer from Sainsbury’s Bank were available for just 24 hours.
Snap up a seaside idyll:
18th century harbour plus two beaches and its own ice cream parlour for £4.4m
Could minted Andy Murray really earn £100m?
How tennis earnings rack up and how Federer's made quarter of a billion
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The FTSE 100 is treading water as investors wait to see whether the U.S. Federal Reserve comes through with more stimulus measures. Hopes mounted that the central bank will act to shore up the the fragile U.S. economy after last week's disappointing August U.S. jobs figures. BAE Systems and Airbus-owner EADS announced that they are in merger talks.
ALEX BRUMMER:
Financial Services Authority finds itself a scapegoat for HBOS collapse
'Talent key on boards':
Why Mitie boss Ruby McGregor-Smith opposes push towards female quotas for directors
SMALL CAP FOCUS: Success on horizon for Horizonte
Nickel explorer recently took a big step forward in proving potential of its project in Brazil.
MIDAS SHARE TIPS: Hire firm Vp bounces back
'The management team is ambitious and the shares should rise'
Baffling accounts. Derisory interest rates. Investments with feeble returns. And pensions that have never been more pathetic... No wonder Britain's lost the savings habit – but the fightback starts here as Money Mail launches a major new campaign.
Money Mail lifts the lid on what is happening inside our bank branches. The stories told by insiders reveal the horrendous pressure ordinary staff are put under by senior managers to get them to sell, sell, sell. And what comes across is that these staff live in permanent fear of losing their job.
This is Money today reveals the list of incentives offered to Lloyds TSB staff to push certain products by a whistleblower who disclosed the 'high pressure' sales environment in branches.
The CEBR said that as fiscal and monetary policies hit older citizens' incomes and raise their cost of living, the UK's 8.7million pensioner households will be a total of £11.5billion out of pocket in less than two years' time.
The huge sum - an average £100,000 each - is bound to raise questions among ordinary taxpayers who would face criminal charges if they had failed to pay that much tax
The figures signal a trend of households to turning to expensive forms of credit that add to their financial squeeze when the times comes to repay the money.
While the number of people working for themselves has jumped by nearly one million since 2006, the number of mortgages given to self-employed workers has plummeted by 72 per cent over the period.
My solar panels were installed on August 12, 2011. Because of delays with my supplier, they were not actually registered until November 22. From this date, I was expecting to receive regular feed-in payments for the electricity generated by my panels and sold back to the National Grid. It is now almost a year since I had the panels installed and I am still waiting.
Tenants in the UK are now paying the highest level of rent ever recorded, research has found, as the average rental amount increased by 2.1% in the last month. At the same time, the cost of an interest-only mortgage is lower than the cost of renting the equivalent property in 44 of the 50 largest towns and cities across Britain.
British banks could be policed, penalised and even shut down under the eurozone's new 'banking union', which proposes handing sweeping financial power to Brussels.
Millions of pounds in help is being wasted by families on low incomes who are failing to claim a Warm Front discount off energy bills
The number of unemployed people in the UK fell by 7,000 in the quarter to July, official figures have showed, as the Olympic Games gave a jobs boost to the capital.
Time is running out for consumers to snap up a cheap energy deal as suppliers begin to pull their best tariffs. Scottish Power has announced it will be pulling its cheapest fixed rate deal today, hot on the heels of both EDF and First Utility who pulled their tariffs on Friday. Experts have warned of across the board energy price rises by the end of the year, urging customers to take action now if they want to avoid the hike.
...read
Sales of the next generation smartphone could add between a quarter and a half percentage point on to fourth quarter growth for the world's biggest economy, according to J.P. Morgan.
The technology will mean improved network access speeds and could prove vital to rural areas where fixed line broadband speeds tend to be poor.
Andy Murray is tipped to collect career earnings of £100m thanks to his US Open win. Tennis is one of the world's most lucrative sports, but how do the numbers stack up? And how much money have the biggest names earned?
It is no longer enough just to know the exact name of your account: you also need to remember the issue number and date you first opened it to avoid being duped by headline rates.
The top rates on offer from Sainsbury’s Bank were available for just 24 hours before the bank closed them to new savers because of huge demand.
It was only ever going to be a matter of time before the downturn permeated through to the super-rich. Since the beginning of the recession the world's biggest luxury goods firms had appeared immune to the economic conditions battering their more pedestrian rivals. But that has all come to a crashing halt.
British companies are planning to hire staff in growing numbers in the coming months as the 'extraordinary' jobs market defies the recession. A survey by recruitment firm Manpower today showed the outlook for jobs is the strongest it has been for four years.
It said businesses of all sizes are taking on workers despite the country languishing in the longest double-dip for more than 50 years.
Research carried out by the foundation revealed those living in a £320,000 house will typically pay only twice as much as those living in a £68,000 property, despite it being four times as valuable.
The Bank faces fierce criticism over its handling of the economy as the race to succeed Sir Mervyn King as Governor finally gets underway.
Millions of music and book lovers regularly download digital files such as songs by chart-topper Rita Ora. But do they really own them? And what happens if a laptop containing a valuable record collection is stolen?
If you’re in the market for a personal pension, there does seem to be a bewildering amount of different plans to choose from and weighing up cost and complexity against potential returns can be tricky. Here, we take a look at the pros and cons of simple stakeholder pension schemes and more complex Self Invested Personal Pensions (SIPPs). ...read
Fund manager ICG and insurer Beazley have joined the rush of firms raising cash by issuing 'retail bonds' - which are popular because rates are better than on savings products, although they are riskier. The money you make back depends on the firm involved not going bust and you are not protected by the UK's £85,000 Financial Services Compensation Scheme if the worst happens.
The Premium Gold account, which is offering a 3.75% rate, beats the next closest offering, from the Post Office, by 0.24 percentage points.
Jamie Oliver has been named as Britain's second biggest-selling author since records began. The TV chef is ranked second only to Harry Potter author JK Rowling.
The World Economic Forum – which organises the annual gathering of global leaders in Davos – says Britain is the eighth most competitive country in the world.
She is the latest to have been pulled up for trying to settle a bill with coins. But Joanne Bath, of Gosport, Hampshire, had the law on her side. The amended 1971 Coinage Act states that 'gold' coins - £1 and £2 coins can be used to settle a bill of any amount but coppers can only be used to pay up to 20p. ...read
Building worker Kevin Watson’s dedication to finding the best deal on almost everything he buys by using cashback websites means he is thousands of pounds better off. According to the website, Kevin has one of the best spending-to-cashback ratios of any of its 1.5million members at 67p for every £1 spent. ...read
Lenders are keen to gain money at the outset of a mortgage deal rather than hoping the borrower will stay the term. Meanwhile, low headline rates attract borrowers, who are then sucked in to paying the high upfront fees.
The number of homes sold over the summer months held steady, despite a slight slowdown in August, when prices fell more slowly than expected, according to The Royal Institution of Chartered Surveyors' (RICS).
Brokers like Caroline Burke (pictured) are reporting banks refusing to lend to some borrowers in their 60s and even in their 50s if the loan stretches beyond traditional retirement age.
A 'Delay Repay' compensation scheme run by many train operators means that passengers delayed by thirty minutes to an hour can claim a 50 per cent refund for a single ticket - or 25 per cent for a return ticket. Chris Spann got a full refund, but only after waiting seven weeks.
The Reform think-tank found public sector workers earns £14.88 an hour for 31 hours and 12 minutes per week, yet the typical private sector worker earns £11.60 and must work an extra three hours
Demand for staff from private firms increased, especially for short-term contracts, with healthcare workers the most sought after employees in August.
Financial Mail has 20 tickets to give away to the event, while two readers will also receive paid for travel on the 'Entrepreneurs' Express’ train. One reader will also win a one-to-one mentoring session with Doug.
Chief executive Graham Sims, who is spearheading the turnround plan, said he is about to sign up the first franchise operator, probably in East Anglia, for an outlet which should be open in the autumn.
We explain the factors that will decide when interest rates rise - and how quickly, including the latest forecasts from markets and economists.
The property market has been buffeted by the struggling economy, banks fears and the distortion of the end of the first-time buyer stamp duty holiday. But can house prices continue to hold their own. We analyse the latest reports.
Mortgage rates are bouncing around near record lows once more after a fresh bout of cuts. So should you take a fixed or tracker deal? Read our latest analysis.
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