ommenting on a recent speech by Leader of the Liberal Democrats and Deputy Prime Minister Nick Clegg, who called for the coalition to go ‘further and faster’ in raising the level at which people start paying income tax to £10,000 a year, Cheltenham MP Martin Horwood gave his enthusiastic support to the campaign.
The Liberal Democrat commitment to take everyone earning less than £10,000 a year out of income tax altogether was a manifesto pledge and has been taken on by the coalition. The tax...Read Full Story
Strongly backed by Nick Clegg, newly appointed Secretary of State for Energy and Climate Change, Ed Davey was quick to make his mark in his new role when he confirmed his personal commitment to green growth, green jobs and the wider use of wind power technology. “I think that onshore and offshore wind power has a real place in a balanced mix of energy generation so I’m a huge supporter of renewables” he said.
100 Tory back-benchers have tabled a motion calling for a dramatic cut in...Read Full Story
Sat, Jan 28 2012 13:12 IST | 8 Views | Add your comment
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Nearly one million pounds ($1.6 million) of share bonus given to Stephen Hester, boss of the Royal Bank of Scotland (RBS), was strongly criticized by politicians in Britain.
RBS is now 82 percent owned by British taxpayers after being saved by the biggest bailout move in British history, reported Xinhua.
The 963,000-pound bonus is given on top of Hester's 1.2 million-pound basic salary. The share bonus was...Read Full Story
Sat, Jan 28 2012 3:42 IST | 5 Views | Add your comment
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Head of the Royal Bank of Scotland (RBS) Stephen Hester has been criticized for receiving nearly one million pound bonus.
The 963,000-pound share bonus is on top of his 1.2 million-pound basic salary. It was valued on the bank's closing share price Wednesday and will be deferred for three years.
More than 80 percent of the bank is now owned by British taxpayers after it was saved in a biggest bailout move in the...Read Full Story
Mr Clegg, who is under pressure from grass-roots Lib Dems to ensure the bill does not lead to "back-door privatisation" of the NHS, told the BBC: "Andrew Lansley is the architect of the NHS bill. He cares passionately about the NHS. He's the right man for ...
Nick Clegg is urging firms to join a £1bn government scheme offering them cash to take on and train young people. The deputy prime minister is writing to employers about the Youth Contract, which will provide a wage subsidy of £2,275 for 18 to 24-year-olds.
Ministers are anxious to rein in the use of bonuses in the wider public sector following anger over pay levels at taxpayer-subsidised organisations ranging from the BBC to Royal Bank of Scotland. In future, public sector bonuses should only be paid for “ ...
DEPUTY Prime Minister Nick Clegg claims Sheffield Council chiefs could receive more money than they think from a Government fund to protect weekly bin collections. Hallam MP Mr Clegg has queried why the council’s Labour administration has not applied for ...
A WEARSIDE MP has beaten the Deputy Prime Minister with a broomstick in a Harry Potter-themed row over health reforms ... to ditch his support for the Lib Dems, saying the party had lost their magic and were being “used” by the Tories.
Nicholas William Peter Clegg (born 7 January 1967), known as Nick Clegg, is the British Member of Parliament for Sheffield Hallam and, since 18 December 2007, leader of the Liberal ...
The Liberal Democrats have revealed plans to save most workers hundreds of pounds a year in income tax ahead of the Budget on Wednesday. Leader Nick Clegg outlined his partyâs proposals to increase the personal tax allowance to £10,000 in a bid to ...