Calls for capital tiered tax to replace IHT
According to the Institute for Public Policy Research the Government should replace inheritance tax with a tired system to increase revenues. A recent report by the IPPR named Death and Taxes illustrated that a capital receipt tax payable on cash and non-cash gifts over £150,000 would raise an extra £1bn.
It appears that on comparison in clothing retailers the prices seem to have risen by around 50% on last year. This seems to ring true as retailers such as retailers Next, Primark and New Look have all warned of having to raise their prices (indeed this looks like it’s already happening).
RICS survey suggest house prices are heading for a fall
44% of 265 Royal Institute of Chartered Surveyors working as Estate Agents surveyed said they had seen house prices fall during the past 3 months. Out of the 265 members surveyed 6% had seen a rise whilst 50% reported prices had been stable.
According to the International Monetary Find (IMF) Greece has made a strong start in getting its finances in order but the government risks being over complacent about its ability to grow the economy in the medium term. Money was lent to Greece by the IMF and Eurozone members in exchange for far-reaching spending cuts and led to violent protests on the streets.