The Budget 2016

first_imgHome » News » Regulation & Law » The Budget 2016 The Budget 20169th April 20160604 Views The Chancellor, George Osborne has now spent seven hours and 44 minutes of his life delivering Budgets. You have to admit, his quick-fire, punchy delivery is pretty good, even if the content is ot 100 per cent helpful.He said, “We choose the longterm, to put future generations first,” which means that you have to pay more now. He said, “We are on course for a budget surplus,” which also means that you have to pay more. And he said, “We choose long-term stability in a challenging world,” which means the same.The private rented sectorThe bad news is that despite deputations and pleas from the property industry, the Stamp Duty surcharge of three per cent, on buy-to-let property and second homes, scheduled to come into force on 1st April, will go ahead.In some quarters, the fact that he has broadened its scope to apply to larger investors as well as private landlords, is a delight, for those with larger portfolios it’s a nightmare. The surcharge will also affect the emerging Build to Rent sector. So in creating a more level playing field across investors, he’s hitting the PRS as a whole, even harder.Punitive taxation in the PRS: SDLT hikes, mortgage interest relief lost and now CGT. It’s an outright assault!David Cox, Managing Director, ARLA, said, “This is the third Budget which directly attacks landlords. The sector has been punitively taxed, with stamp duty on buy-to-let properties, mortgage interest relief and now capital gains tax changes. It’s an outright assault on the sector!“In November, when Mr Osborne announced the SDLT surcharge, we described this as a catastrophic move. The news that larger investors will also have to pay the tax is even worse. Professional landlords play a vital role in providing rental stock to the market. Our members forecast that the supply of buy-to-let properties will now dwindle and supply will fall even faster.”The money raised will, says Mr Osborne, go to funding community building projects. So, more money for new builds, less reason for investing in the PRS.Capital Gains Tax is to be cut from 28 per cent to 20 per cent, but, critically, this cut does not appear to be applicable to residential investment property gains. Only the ‘main home’ remains exempt.Business taxesSome good news: Corporation Tax is to be reduced from 20 per cent to 17 per cent, but don’t cheer just yet – that’s ‘by April 2020’ not now. From April 2017, small businesses that occupy property with a rateable value of £12,000 or less will not pay any business rates. Currently, this 100 per cent relief is available if you’re a business that occupies a property (e.g. a shop or office) with a value of £6,000 or less.There will now be a tapered rate of relief on properties worth up to £15,000. This means that 600,000 businesses will pay no rates.Small firms and commercial premises stamp duty has a new tax regime from midnight tonight, higher rates at the top, lower rates for cheaper properties and a zero rate for properties below £150,000. This, said George, grandly, is “a big tax cut for small firms.”Also good, but not stunning, news for businesses, Fuel Duty is frozen for the sixth year in a row, saving £270 a year for the ‘small business man’. Helping out with all those staff jollies as well, Mr Osborne has frozen the duty on beer, cider and spirits.Personal notesThere’s rcomfort for people owning homes in flood hit areas – there are to be further increases in flood defence spending, with a £700m boost, paid for by increased Insurance Premium Tax – which goes up by 0.5 per cent.Much was said about pensions and young people who don’t have them, so there’s to be more tax relief, more information on pensions and a lifetime ISA for younger folk, to help them save for their old age.From April 2017, there will be two new tax-free £1,000 allowances – one for selling goods or providing services, and one for income from property you own. People who make up to £1,000 from occasional jobs – such as sharing power tools, providing a lift share or selling goods they have made – will no longer need to pay tax on that income. In the same way, the first £1,000 of income from property – such as renting a driveway or loft storage – will be tax free.And on a comforting closing note, The Chancellor said, “We took action to avoid being powerless in the face of global storms. But the storm clouds are gathering again…”mortgage interest relief punitive taxation PRS private rented sector budget Budget 2016 business taxes buy-to-let sdlt 2016-04-09The Negotiator Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Lawyer leading RICS governance probe asks members to help with evidence30th April 2021What’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.last_img read more

Bakels in for the fil

first_imgIf you are going to enter a market where there are already major players you have to be different, and according to Paul Morrow, MD of Bakels, its new Gourmet Filled Biscuits are just that.“It is also a product that fits the profile for convenience and pleasure, which was outlined as a key consumer trend at the recent Baking Industry Summit,” he adds.The Bicester-based company, which supplies bakery ingredients, and frozen and chilled products believes the new launch fits with its strategy of supplying part-baked products, so bakers have the opportunity to sell the finished biscuits to customers in cafés or over the counter as their own.Snack sizeThe biscuits come in four flavours: cherry, pecan latté, mint, and fruit mince treat. Smaller than most biscuits or cookies and with a cookie-like texture, the biscuits are available in a special snack size of 32g as opposed to the usual size of 50-60g. They are chewy with a filled centre.Bakels is part of a worldwide foundation, with manufacturing sites all over the globe, so profits are ploughed back into investment and ideas are shared globally. “The Australian arm of Bakels pioneered these biscuits and has invested in a high-capacity line to produce them,” says Mr Morrow.But does importing the biscuits from Australia make them more expensive for the UK market? Mr Morrow asserts that it does not even add as much as 1p to the product. And he points out that a container-full can be made in one eight-hour shift. Before launching them, he worked with bakery wholesaler Bako to trial them with UK bakers, where they proved very successful, he says.The biscuits only need to be heated for 20 minutes, so no skill is required. The suggested positioning for impulse sales is by the till and a free point-of-sale container is available.last_img read more

How Pret is reopening more than 100 sites in the UK

first_imgPret is set to reopen a further 70 shops across the country as of Monday 11 May, taking the total of those operational to over 100.The company said, following the successful phased opening of 30 shops, it believed it had found a way to reopen further stores safely and in line with government guidance.The company has introduced a number of safety measures, including Perspex screens at tills, restricting the flow of people into shops and offering face coverings to employees who want them (see the full list below).Shops will be operating under reduced hours and only open for takeaway or delivery via Deliveroo, Just Eat and UberEats. The menu will also be limited to some of its most popular sandwiches, salads and baguettes, as well as hot and cold drinks, baked goods, fruit and snacks. In addition, Pret will also be selling a range of essential items such as tea bags, coffee and salad.Unlike the first 10 shops that Pret reopened, which were staffed by volunteers, staff who usually work in these shops have been asked to return. Pret said these employees had undergone a thorough interview to ensure they were fit to return to work and, to ensure the safety of others, those living with anyone vulnerable would not be permitted to do so.“The Pret experience for both our customers and teams will continue to feel very different,” said Pret CEO Pano Christou.“Gradually reopening our shops also means we can work with more of our homeless charity partners across the UK, getting our unsold food to those who really need it.”Pret’s safety and social distancing measures are as follows:There will be a designated pick-up point for delivery drivers, and separate doors will be used for deliveries and customers wherever possible.One person in the kitchen will be nominated as a ‘kitchen runner’ who will get the products needed for each team member doing food preparation, in order to minimise the amount of movement in the kitchen.There will be limited benches, which have been spaced apart to respect social distancing guidelines.Restrictions will be put in place which will allow only one person in certain areas of the kitchen at any one time – for example, fridges or staff rooms.Enhanced cleaning processes, including 30-minute sanitising of all hand-contact surfaces.Protective Perspex screens will be fitted to the till counter.Team members and baristas will be distanced behind the till counter.Face coverings will be provided to those team members who would prefer to wear one, though there is no government requirement for them to do so.Only card payments will be allowed, no cash will be accepted.Customer flow into the shop will be restricted, with the number of people allowed inside at any one time based on the square footage of the shop.Customers will queue outside the shop at two metres apart from each other, with clear markings for queuing.For reference, the BEIS’ [Dept for Business, Energy and Industrial Strategy’s] guidance on social distancing in the workplace is here, which Pret will be adhering to.last_img read more

William Sword closes factory due to Covid-19 outbreak

first_imgSource: Getty ImagesScottish bakery William Sword has suspended operations at its factory in Cumbernauld due to a Covid-19 outbreak.The company, which produces brands such as U-Bake and Sword Pastry, released a statement announcing a five-day closure between 3-9 February.“We have worked hard to avoid disruptions caused by Covid-19 and have worked in close co-operation with the various health authorities to do everything that we can to ensure the safety and wellbeing of our staff and our customers,” read the statement, signed by directors David and Douglas Sword.“Unfortunately, despite all our precautions and efforts, we now find ourselves with a Covid-19 outbreak in the factory, and in order to stop the further spread of the disease amongst our staff and our customers we have taken the difficult decision to close the business for five days,” it added.William Sword is a member of trade body Scottish Bakers, which is supporting the company through the current difficulties.“Whilst it would be inappropriate to disclose support offered to individual bakeries, we remain steadfastly with each and every one of our members through all and any issues they may face,” said a spokesperson for Scottish Bakers.The association says it has been supporting its members throughout the pandemic by helping them to access assistance schemes, advising on government policy and providing one-to-one guidance.“As an association, we are proud of the resilience and creativity shown by our members since March to continue to serve the communities they support,” added the spokesperson.last_img read more

Robert Walter’s 20th Congress Announces New Lineup For 2019 Run

first_imgRobert Walter has a busy winter ahead of him, as Mike Gordon’s five-piece recently announced an upcoming 2019 winter tour, set to begin on Friday, March 8th at Atlanta, GA’s Variety Playhouse and run throughout the majority of the month.Mike Gordon and his band will begin the East Coast tour on Friday, March 8th at Atlanta’s Variety Playhouse before makings stops at Asheville, NC’s The Orange Peel on March 9th and Nashville, TN’s The Basement East on March 10th. The tour will continue March 12th with a performance at Charleston, SC’s Charleston Music Hall before the band heads north with stops at Rocky Mount, VA’s Harvester Performance Center (March 13th); Washington, D.C.’s 9:30 Club (March 15th); Asbury Park, NJ’s Asbury Lanes (March 16th); Jersey City, NJ’s White Eagle Hall (March 17th); and Buffalo, NY’s Town Ballroom(March 19th). Mike Gordon and his band will wrap up the tour with a special four-night run at Cambridge, MA’s The Sinclair from Thursday, March 21st through Sunday, March 24th.For more information on Robert Walter’s upcoming shows and ticketing information, head to his website here. Robert Walter has announced a new lineup for his 20th Congress’ 2019 Northeastern run, which will include guitarist Scott Metzger (Joe Russo’s Almost Dead/ WOLF!), drummer John Kimock (Mike Gordon), and bassist Marc Friedman.The quartet will begin their upcoming run of shows at Burlington, VT’s Higher Ground on January 30th, followed by a trio of shows in support of Umphrey’s McGee. Robert Walter’s 20th Congress will join UM as support at New Haven, CT’s College Street Music Hall (January 31st); Albany, NY’s Palace Theatre (February 1st); and Portland, ME’s State Theatre (February 2nd).last_img read more

Cracking Ebola’s genetic code

first_img Read Full Story Pardis Sabeti has been a leader in the effort to analyze Ebola’s genetic code and track its mutations. Sabeti, who is an associate professor in the Department of Immunology and Infectious Diseases at Harvard School of Public Health, associate professor, Center for Systems Biology, Harvard University Department of Organismic and Evolutionary Biology, and senior associate member, Broad Institute of Harvard and MIT, recently spoke to The New Yorker about her research over the summer tracing the origins of the virus — as her collaborators and co-authors in West Africa were succumbing to the disease.In the article, published October 27, 2014, Sabeti said, “This virus is not a single entity. Now we have an entry into what the virus is doing, and now we can recognize what we are battling with at every point in time.”Read The New Yorker article: The Ebola warsRead a Harvard Gazette article: Ebola genomes sequencedSabeti will give a talk titled Genomic surveillance of the 2014 Ebola outbreak, at HSPH on October 30, the first in a series sponsored by the Office of the Dean.last_img read more

Cervelli wraps up first year in office

first_imgSaint Mary’s President Jan Cervelli looks back on her first year with fondness.“It has been one of the most wonderful years of my life,” Cervelli said. “I am doing the most important work of my life.”Cervelli, a South Bend native, took over as president on June 1.“I have discovered a community that is unlike any other I’ve been part of, and I say that from a professional, a personal and a faith perspective,” she said. “I have fallen in love with the Belles here. … I’ve never been so inspired by students.”Cervelli, along with the presidents of Notre Dame and Holy Cross, signed a Memorandum of Understanding (MOU), which allows for the three institutions to share information regarding sexual assault on all three campuses, she said.“That’s a very important first step — the Memorandum of Understanding — in establishing a level of cooperation that helps us, one, to provide support to students in the event of an unfortunate act of sexual violence,” she said. “Meaning that we have agreed to share information about incidences to where, if an incidence happens to a Saint Mary’s student on Notre Dame’s campus, we can have better knowledge of what took place and what kind of healthcare, or counseling or pastoral care we can provide much more quickly than in the past.“It’s really important that we provide the kind of support that encourages students to report incidences. Otherwise, without that information, it is difficult for us to learn better around prevention strategies. … Knowing when and where — sometimes why — we are able to better educate our students.”Cervelli began a “listening tour” when she first came to the College. As part of that tour, Cervelli has travelled to different events across the country to meet with alumnae and discuss their experiences at Saint Mary’s, she said.“Their experiences help us weave a picture of what is really special about Saint Mary’s and the Saint Mary’s experience,” she said. “I’ve learned that this is no four-year degree experience. This is Saint Mary’s for life when you come to Saint Mary’s, and the sisterhood is phenomenal. They are there for their sisters unlike anybody I have seen.”Cervelli, who is passionate about sustainability, said she is in planning mode for expanding sustainability at the College. She said she is working on developing an environmental studies major, which she envisions as an interdisciplinary degree.Saint Mary’s is already working on expanding its graduate program opportunities, including the early development of a master’s in social work, she said. In addition to graduate programs, Cervelli also said the College’s study abroad options are being improved.“We’re finding with international studies — with some of the chaos in the world and some of the terrorist activities — we’re having to shift a little bit based on people’s concerns about going to certain places,” she said. “We’re trying to look at where is the best place for students to learn and what is the safest place.”A group of students proposed a plan for an “Adulting 101” class, which Cervelli said she accepted and will work to implement.“I think the idea is fantastic,” she said. “What I heard from the students is that we need to help prepare our graduates to enter into the world in general, and colleges and universities overlooked the challenges that graduates face.”The class will span many topics, including how to set up a financial plan as well as how to negotiate salaries, Cervelli said.“While one course is the initial goal, these are conversations I’d like to see all the way back to first year when you first come in, because you are negotiating internships well before you graduate,” she said. “Any kind of those experiences, we want to best position our Belles so that we’re like a force.”Cervelli said she is proud of the political activism that Saint Mary’s students have embraced — both on campus and in South Bend — especially because of the mutual respect that students have for each other, even when disagreeing on issues.“This has been an extraordinary year to get to know the students, with a lot of the chaos and the divisiveness that came out of the election and political decisions,” she said. “The love of our students for each other, the courage of our students to take on issues of immigration and social justice and to stand up for all Belles, the call for mutual respect and mutual understanding and the demands for civil discourse and wanting to learn how to talk to each other are amazing. As hard as this year has been in many respects, I would not have chosen a different year, because I think it has revealed the real deep character.”Cervelli said the best part of her first year was her overnight stay in Le Mans Hall.“It was so meaningful to me in so many ways,” she said. “Just to see students relaxing, and having fun, and kicking back first and just talking about what it’s like living in a dorm. Just having girl talk and talking about dreams and plans and just laughing a little bit together. I did get to see how much women love Le Mans and why. … I was just so warmly received, and it was just great.”Cervelli said she could not have hoped for a better first year as a “freshman president.”“I came here for the students, and you guys have just so exceeded anything that I anticipated,” she said.Tags: Commencement 2017, Jan Cervelli, Le Mans Hall, MOU, SMC study abroadlast_img read more

Binghamton house with a dark history approved to be demolished

first_img“This community is great. They’ve been behind us from day one. Anything I ask, they’ll reach out and help me out,” said David. 6 1/2 Sturges Street is the house where 12-year-old Cheri Lindsey was raped and murdered in, in 1984. Now, the Commission on Architecture and Urban Design (CAUD) has approved to demolish the house, but it wasn’t an easy road for Cheri’s parents, David and Jean Lindsey. “The demolition of the property at 6 1/2 Sturges Street will be one of the most important demolitions in Broome County. This step by CAUD paves the way for use to bring down the property, which I know Dave and Jean Lindsey have been waiting on for a long time. Thank you to CAUD for the approval, and the Broome County Legislature for the support through this process. Together we have made this a priority to do this for the Lindsey family.” BINGHAMTON (WBNG) — A house that has haunted the north side of Binghamton for more than three decades will be torn down. Broome County Executive Jason Garnar has spearheaded the demolition project. Here is his response to the approval: David and Jean gathered more than 1600 signatures in just a few weeks on a petition that was submitted to CAUD. center_img The Lindsey’s hope to see the property turned into a small community garden in Cheri’s honor. “They said they wanted input from the neighborhood and people around the area, so we gave them all the input that they needed,” said David. “Finally, finally it’s coming down. We want to take the first swing,” said Jean. The approval, David and Jean say, brings them much needed relief. After 36 years, they are ready to finally have some closure. last_img read more

Joint venture calls time on pub pool

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Unai Emery backs Dani Ceballos to be Arsenal’s key man under Mikel Arteta after Premier League restart

first_imgDani Ceballos will play a key role in Arsenal’s end to the season, says Unai Emery (Getty)Unai Emery has backed Dani Ceballos to be a key player for Mikel Arteta once Arsenal’s Premier League season resumes.Ceballos was signed on loan from Real Madrid last summer with Emery playing a key role in convincing the midfielder to make the move to the Premier League.The 23-year-old made an impressive start to his stint at Arsenal but a hamstring injury in November kept him sidelined for nearly three months.After being left on the bench by Arteta for three consecutive Premier League games, Ceballos was reintroduced to the team and had started in the Gunners’ last three league fixtures before the season was halted following the coronavirus outbreak.AdvertisementAdvertisementADVERTISEMENTArteta’s side now have 10 games remaining in the Premier League and Emery believes Ceballos will be a key part of Arteta’s push to secure a top-four finish. Advertisement Comment Unai Emery says a return to La Liga is likely to be his next move (Getty Images)‘More Spanish, I have to say, but I am not ruling anything out.‘I will be where they want me and they show it to me, where the project is attractive, to be able to be in Champions or Europa League, but I do not close the door to anything.’Follow Metro Sport across our social channels, on Facebook, Twitter and Instagram. For more stories like this, check our sport page. Unai Emery played a key role in bringing Dani Ceballos to Arsenal (Getty Images)‘Dani is a player who has excellent qualities and an incredible mentality: he wants to succeed,’ Emery said in an interview with AS.‘For Arsenal it was a great market opportunity.‘He played with me, then he was injured and he was out for a long time, he has recovered and now, when the league resumes, he will certainly demonstrate his qualities again.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityEmery remains out of work after being sacked by Arsenal at the end of November.The 48-year-old has been linked with a return to La Liga and suggests a return to the Spanish top flight is his most likely destination.‘At the moment, I am watching a lot of football, and the lockdown situation invites it,’ said Emery.center_img Unai Emery backs Dani Ceballos to be Arsenal’s key man under Mikel Arteta after Premier League restart Advertisement Metro Sport ReporterSaturday 9 May 2020 8:42 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link7.9kShareslast_img read more