Nathan Bissitt, Author at Business Ideas UK

Articles

CMC chair steps down two years after float

ByNathan BissittNovember 22, 2017

The chairman of CMC Markets, the financial spread-betting firm founded by Peter Cruddas, the former Tory treasurer, is to step down two years after its London flotation. Sky News has learnt that Simon Waugh, who has chaired the company for almost a decade, will retire

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Multiyork collapse puts 550 jobs under threat

ByNathan BissittNovember 22, 2017

Multiyork, the furniture retailer, has gone into administration, putting 550 jobs under threat.The retailer will trade until Christmas at the earliest while administrators Duff & Phelps seek a buyer. Multiyork will honour all existing orders placed until 22

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Budget 2017: What does the stamp duty change mean?

ByNathan BissittNovember 22, 2017

Stamp duty will be abolished immediately for first-time buyers buying a home of up to £300,000, Chancellor Philip Hammond has said.For properties costing up to £500,000, no stamp duty will be paid on the first £300,000.Mr Hammond said this meant 95% of first-time

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FTSE 100 rises but housebuilders hit by Budget

ByNathan BissittNovember 22, 2017

Shares in housebuilders fell after the chancellor announced in his Budget a review of unused planning permissions.Barratt Developments was the biggest faller in the FTSE 100, down 3.7%, while Berkeley Group dropped 2.6%.Despite the falls, the UK market closed higher,

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Budget 2017: Why is white cider being taxed more?

ByNathan BissittNovember 22, 2017

For most drinkers the Budget was good news – your glass of wine, whisky or pint of beer and even most ciders won’t cost you a penny more. But for fans of so called “white ciders” there was no such luck.The chancellor has pledged to up taxes

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Budget calculator: How will the Budget affect you?

ByNathan BissittNovember 22, 2017

Use our Budget calculator, developed by Deloitte, to find out how the tax measures may affect you in the coming year.Some changes will not be seen until future financial years and are not included in this calculator. If you can’t see the Budget calculator above,

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Budget 2017: Business rates to be pegged to CPI from 2018

ByNathan BissittNovember 22, 2017

A planned cut to business rate rises in England has been brought forward by two years to 2018 by the chancellor.From April, rates will rise in line with the lower Consumer Prices Index (CPI) measure of inflation, not the Retail Prices Index (RPI).The move is worth

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Budget: the five things you need to know

ByNathan BissittNovember 22, 2017

Here are the five things you need to know about this Budget. THE GIVEAWAY First, it represents a major giveaway. Most post-election Budgets involve tax rises; this one involved an eye-catching tax cut (stamp duty for first time buyers) as well as extra spending on the

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Kamal Ahmed: Hammond loosens his belt

ByNathan BissittNovember 22, 2017

Much of the rest of the world is growing at a healthier clip.For Britain it is a different story.Today the Office for Budget Responsibility (OBR) downgraded growth forecasts for the next four years.And it has been more aggressive with those downgrades than the Bank of

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Budget 2017: UK growth forecast cut sharply

ByNathan BissittNovember 22, 2017

Growth forecasts for the UK economy have been cut sharply following changes to estimates of productivity and business investment.The Office for Budget Responsibility (OBR) now expects the economy to grow by 1.5% this year, down from the estimate of 2% it made in