Business leaders will today make a fresh plea to George Osborne to scrap the 50p rate of income tax and increase personal allowances to protect the British economy from the worst of the eurozone crisis.
In a letter to the Chancellor, more than 30 of the City's top figures agree that the "current turmoil in southern Europe" means the Government must take "immediate actions" to boost confidence.
They call for the scrapping of the 50p rate to attract entrepreneurs to Britain and a £1,000 increase in the tax-free personal allowance. MORE...
The Treasury and Bank of England are making contingency plans for an "economic Armageddon" if the euro falls apart, business secretary Vince Cable said on Thursday as the European commission slashed its growth forecasts and predicted that the continent could be plunged back into recession next year. MORE...
Union within a union
France is drawing up plans to create a breakaway organisation of eurozone countries with its own treaty, parliament and headquarters - a move that could significantly undermine the existing European Union. MORE...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected