Budget Update!

March 23, 2011 in Budget News, Finance, UK

This afternoon I delivered my second Budget. I wanted to write to you immediately to explain our plans and set out some of the key measures.

Last year’s Emergency Budget was about rescuing the nation’s finances and paying for Labour’s mistakes. Today’s Budget sticks to the plan, and focuses on reforming the economy to ensure jobs and growth for the future. I am also doing what I can help to families with the cost of living – including an immediate cut to fuel duty.

I know times aren’t easy for families at the moment, so this Budget announced help, including:

• An immediate cut in fuel duty by 1 pence per litre and a delay of April’s inflation rise in duty to next January. This means fuel duty is 6 pence lower than it would be under Labour. We are paying for this by putting up taxes on the oil companies while the oil price is high to create a Fair Fuel Stabiliser.
• An increase in the personal allowance from £6,500 to £8,100 over the next two years. This will mean £326 extra for working people and it will lift over a million low paid people out of tax altogether.
• £250 million to help 10,000 first time buyers get on the housing ladder.
• A freeze in Air Passenger Duty this year.
• Money for councils so virtually every council in England will freeze council tax next month.
• A new scheme to allow Gift Aid to be claimed on the contents of charities’ collecting tins and street buckets, and support for largest donations with radical reforms to Inheritance Tax – if you leave 10 per cent or more of your estate to charity, then the Government will take 10 per cent off your inheritance tax bill.

As well as helping in the short term we need to reform our economy to create growth and jobs in the future. The hard truth is that Britain has lost ground in the world economy.

Under Labour manufacturing halved, and growth depended on unsustainable public spending, debt and financial services. We need a new model of growth based on investment, manufacturing and exports – a Britain that makes things again. This Budget started that process, with measures that include:

• An additional 1p cut in corporation tax. In April this year corporation tax will fall from 28% to 26%. It will continue to fall by 1% in each of the following three years reaching 23%. Britain will be competitive again.
• Doubling Entrepreneurs Relief to £10m and sweeping changes to the generosity, simplicity and reach of the Enterprise Investment Scheme, with an increase in the income tax relief available from 20% to 30%.
• An extension of the small business rate relief holiday for another year.
• An additional £100m for new science facilities and more generous tax credits for small business research and development.
• 21 new Enterprise Zones with business rate cuts and new broadband to promote growth across the country.
• A review of the revenue raised by the temporary 50p rate of income tax.
• 50,000 additional apprenticeships and 100,000 work placements for young people.
• £3bn for a Green Investment Bank, which will generate an additional £15 billion in private sector investment in green projects and low carbon energy.

The Confederation of British Industry has already endorsed our approach saying: “This Budget will help businesses grow and create jobs.”

So this is our plan – reforming the economy to create jobs and supporting families. This Budget will put fuel back in the tank of Britain’s economy.

George Osborne
Chancellor of the Exchequer

How do you know when to trust a Brand? (or An Economy Too Far!)

August 17, 2010 in Health & Safety, Reference, The Unexpected, UK

As this story unfurled I was reminded of James Hammond’s presentation at an O4RB Meeting on the subject of Brands or Branding  (business brands that is as distinct from those applied with hot irons).

For something like 30 years I had been protecting myself from the stresses and strains of uncertain motoring dilemma with my membership of the Royal Automobile Club.

Any car can break down or suffer unforeseen problems no matter how well it is serviced and, in truth I came to regard my RAC membership as more important to me than my statutory car insurance policy. The good old RAC and its devoted team never once let me down, and would always go that extra mile to get me back on the road as soon as possible.

On one occasion, after a broken metal aerial had been flung up from the road to spear my car’s fuel tank, the patrolman even went so far as to make a repair by cutting an unused rubber duck aerial from the roof of his own vehicle, and using it, together with (I think) some epoxy resin, satisfactorily plug the hole. That repair was still holding strong when some time later I had the fuel tank replaced under a claim on my comprehensive insurance policy.

However the RAC are not the cheapest bunch to belong to, and as many of their rivals advertise strongly, and appear to have a good and happy following I switched horses for one of the others last year to save some money. I mean why not! They all offer the same service don’t they?

Just short of a year later I am here to tell you that nothing is further from the truth.

Just a few weeks ago, while in the Lake District with my wife, our caravan and trusty old land Rover Discovery we discovered a broken exhaust pipe hanging dangerously below the Landy.

No problem I thought, I’ll just ring my trusty break down service and ask them to send a man to safely secure the pipe so I can drive to an exhaust centre and have a new one fitted. You may imagine my surprise when an hour later I was visited by a man with an enormous recovery vehicle but hardly a tool kit to his name. All he was able to produce was a screwdriver and some cable ties (plastic cable ties) with which he tied up the exhaust pipe and drove off into the midday sun. (Oh yes we were in Coniston during the first rainless week for 6 weeks – it wasn’t all bad luck.)

When very shortly afterwards I again rang the breakdown firm they acknowledged the shortfall in their service, and agreed that if I located an appropriate exhaust centre they would provide recovery of our Landy to that centre the following morning. This was done but meanwhile we needed to request a hire car. No problem with one being provided but it had to be brought to us so we could be taken in it to the hire company’s office many miles away to complete the hire agreement before we drove it back to Coniston

All this wasted a day and a half of a one-week holiday!

So there is a lesson here. Just because the RAC has a proven and reliable brand it is a mistake to assume that any similar organisation can even hold a candle to its level of service. I have been extremely happy to rejoin the RAC and pay them whatever they ask.

Now if I can generate for my business the sort of Brand that the RAC has!!

March 2010 Budget

March 25, 2010 in Budget News, Finance

Budget or a pre election broadcast?

The Chancellor, Alistair Darling gave his final budget before there is a general election on Wednesday 24th March. He made very few announcements as the majority of tax rates and allowances had already been released in previous Budgets and the Pre Budget Report given in December. The key announcements were:

  • Annual Investment Allowance increased to £100,000 for capital expenditure by businesses
  • Entrepreneurs Relief doubled to £2 million
  • Relief for first time buyers from Stamp Duty Land Tax on residential transactions up to £250,000
  • VAT Registration threshold increased to £70,000

Our commentary on the budget is available on The George Hay Chartered Accountants’ website at www.georgehay.co.uk which gives further information on announcements made.

Small firms adapting to downturn

September 24, 2009 in Development, Finance

From www.newbusiness.co.uk 24th September 2009

Over 70% of small businesses in the UK have developed creative solutions to strengthen their company during the recession, according to research commissioned by the Department for Business, Innovation and Skills.

The study shows that 77% of small companies have adapted their business to cope with the downturn with 26% adjusting working hours, 33% investing in additional staff training and rewards and 65% exploring new product areas.

Just under 50% of respondents that made changes to their business did so to take a pro-active approach to the challenging economic climate and 37% said it was so they were ready to capitalise on the economic upturn when it occurs.

“In the face of a global downturn small businesses have developed and applied practical changes to get the best out of their people and enhance their business,” said Lord Young, Minister for Employment Relations.

Vroom with a view – Keratoconus and Gareth Ashman

August 5, 2009 in Health & Safety, Relaxation, The Unexpected

GA_-_SilverstoneJournalist and motorcycle enthusiast Gareth Ashman was in pole position for a promising career as a bike racer when a little-known eye condition brought his hopes to a screeching halt. The future looked dim for Gareth until a chance meeting with an optometrist at Moorfields Eye Hospital gave him back his eyesight and steered his biking aspirations back into the fast lane.

Gareth Ashman lives in Peterborough and has a condition called Keratoconus that affects both of his eyes. Gareth, 35, is a keen motorcyclist and was alarmed to discover one day that he was seeing double white lines in the road, where there was only one. Keratoconus was relatively unheard of in the 1980s and when Gareth’s optometrist examined him he wrongly diagnosed his condition as congenital cataracts, reassured him that it wasn’t progressive and that it was unlikely to get worse.

Ghosting effect – Keratoconus is an illness that affects young adult males more than females and there is a gradual deterioration in vision as the shape of the cornea changes: “I was a student at the time and this of course made reading very difficult. My optician had no idea what I’d got and his advice was ‘get a brighter reading light and put it nearer when you read’. Driving and bike riding were getting harder too,” recalls Gareth.

By 1992, Gareth could tolerate this no longer and asked to be referred to Moorfields Eye Hospital in London, knowing that this was the best eye hospital in the world. Indeed, he had been in the hospital for less than 20 minutes when one of the hospital workers ventured that he might have the condition known as Keratoconus. Initially, Moorfields advised Gareth that he needed two corneal transplants. However, a chance consultation with an optometrist there who was working on groundbreaking scleral contacGareth_Ashmant lenses as a non-invasive (ie. non surgical) soluti on for Keratoconus sufferers proved a breakthrough.

 “… with these lenses, I suddenly found my vision was greatly improved, I could read again, I could ride my motorbike on the roads, so all in all these scleral lenses gave me my life back. It puts a whole new perspective on your life!”

Keen athlete – Gareth revealed that he was a keen athlete and did a lot of sailing, skiing and off-road motorcycle racing, so the optometrist found him a pair of scleral lenses to try as an experiment. He found them very easy to insert, wear, clean and within ten minutes Gareth could tell that these were for him. “I found scleral lenses an absolute revelation. The Moorfields optometrist recommended them because of the steepness of the cone in my eyes, because of what I do for a living, and what my interests were. I walked outside and I found I could at last see properly.

“By this time, my vision had deteriorated to a point where I could no longer see well enough to ride, write or work. But suddenly, I found it was improved to the point where I could read and I could ride my motorbike on the roads, so all in all these scleral lenses gave me my life back. It puts a whole new perspective into your life!”

Enduro off-road bikes – In the meantime, Gareth had been wearing hard, corneal contact lenses, which he found uncomfortable and occasionally even dangerous to wear: “Not only were they painful, easy to lose or bGA_-_Enduroreak, but they had a tendency to fall out in the worst possible circumstances. I have raced track bikes at most of the race circuits in the UK and I remember a track day at Silverstone circuit in the mid-90s when one blew out when I was riding down the back straight at over 130mph on a Honda Fireblade! I remember blinking and the corneal lens just blew out of my eye. It was so painful and of course you then have to close your eye – and with it your other eye too. Not ideal when you’re doing 130mph!” recalls Gareth.

“I also race Enduro off-road bikes through forests and one of the races I particularly remember is a two-day British Championship event called the Natterjack at Weavers Down in Hampshire. I did that in the days when I wore hard corneal lenses and the sand and the dust made wearing them absolute agony. My eyes were red raw by the end of that race. Then a couple of years later I did the same race again, when I was wearing scleral lenses, and I had absolutely no problems at all.

“With scleral lenses I can now ride my bike at over 100mph, in the rain, without a visor, on a track and it doesn’t hurt my eyes. One trick I’ve learned (when I’m doing endurance bike racing at night) is to put some fluorescein in the contact lenses, which gives me much better night vision. An amusing side-effect is when I walk into a night club or disco it makes my eyes glow like Michael Jackson in Thriller !”

‘Guinea pig’ – “Scleral lenses can give bikers an advantage over even people with normal eyesight. My supplier has also prescribed all-enveloping scleral-type lenses to water skiers and skydivers who have relatively normal eyesight or don’t need correction at all but appreciate the physical protection it gives their eyes in these extrGA_-_Waterskieme conditions. I also find they give me protection from the effects of chlorine in the water.

Nowadays, I’m a regular ‘guinea pig’ and talk to people at Moorfields and at clinics about Keratoconus to give them as much information as possible about their options.

On seeing a scleral contact lens for the first time some will say ‘you expect me to put that in my eye?’ but I’m a staunch advocate and try to show people how to handle them and put them in,” concludes Gareth.

For further information about Gareth’s condition contact The Keratoconus Group on tel. 0208 993 4759 or visit www.keratoconus-group.org.uk

Submitted by Adrian Foster
AVF COMMUNICATIONS
Tel. 01992 300344
Fax. 01992 303234
www.avfcommunications.com

What Is New In My Business?

July 25, 2009 in Development, SME to SME

spotlightWhat Is New In My Business?

…A Complete Change Of Emphasis

That’s What !

“I have the ability not only to show the way to saving hundreds of pounds per year (per household) on the price of gas, electricity, telephone, broadband and most shopping bills, but also to offer the opportunity to join me in a highly profitable business with escalating residual income.” I have reviewed what I have to offer and the penny has dropped. Offer people what they want regardless of how well you can do anything else. Don’t ask me why it took so long to see the obvious.
 
For nearly nine years I have concentrated primarily on offering legal services, in the form of writing Wills for which I am well suited by both qualification and experience, and I continue to do that.

However, more recently I joined a business offering the opportunity either to save money or to make money, in the area of telephony and power utilities. It has been simmering on the back burner while I gently announced it to my Will and Probate clients and others as an option they might like to consider.

Well no more! Of late I have had far more interest in Utility Warehouse Discount Club than in Will Writing etc. and it is becoming quite exciting. So I will go with the flow and announce to the world at every opportunity

Utility Warehouse Discount club is not just a club, it is an 11 year old company that has come of age. Without having a professional sales force, or an advertising budget, and refusing as it does to give any kickbacks to the like of U-switch, it has caught the attention of Which magazine in 6 separate editions this year, and they rate the company as just about the best for customer service, customer satisfaction, value for money, and billing; and now we also offer cash back on everyday shopping too.

Please take a look at my website www.bjutilities and give me call.

What other company would actually give you a triple value guarantee to be cheaper than B.T. and British Gas, and the 6 Regional Electricity Companies, AND invite you to try its services without any attempt to tie you in for a fixed period contract.

250,000 satisfied customers cannot be wrong can they?

P.S. Our services are not restricted to domestic customers either. We do good things for businesses’ bottom lines too.

B J U Utilities

Brian Williamson
For Wills. Inheritance Tax, and Estate Planning Or To Reduce All Your Utility Bills in One Go.
Brian@bjwills.co.uk
www.telecomplus.org.uk/savewithbj
37 Beaumaris Road
Sawtry
Huntingdon, Cambs. PE28 5SF
brian@bjwills.co.uk
www.bjwills.co.uk:
www.telecomplus.org.uk/savewithbj
tel: 01487 831853; 0800 90 20 429
mobile: 07929 942507