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Content about Finance

February 26, 2013

Welsh Conservatives want tax cut to boost economy

The move would save 120,000 people a collective total of £16m

ASSEMBLY Member Andrew R T Davies has called for a tax cut for Wales's wealthiest if the government gets more devolved financial powers.

He claimed in his speech to the Assembly last night cutting the 40p tax rate for the highest earners in Wales would encourage business and entrepreneurialism. He argued the move, which would affect about 120,000 people, would create a more active Welsh economy.

February 1, 2013

Councillors say 'Cardiff council are not doing enough to help poor'

Cardiff Council have been accused of giving its highest paid managers a pay increase instead of preventing the bedroom tax from impacting the poor.

March 16, 2012

Drop in 50p tax rate would hit the poorest people in Wales

Oxfam Cymru claims giving a tax break to the UK's highest earners would "disproportionately harm the poorest people in Wales."

Ahead of next week's budget announcement, Oxfam Cymru have warned a reduction in the 50p tax rate would "disproportionately harm the poorest people in Wales."

The charity believe if Chancellor George Osborne offers a tax break to higher earners at the same time as cutting working tax credits this will result in a more divided Britain, hitting poor communities in Wales particularly hard. But the South Wales Chamber of Commerce say they believe any reduction tot he 50p rate will have very little impact on the country.

March 16, 2012

More than 84,000 people in Wales are unemployed

Statistics have shown 84,947 people in Wales are unemployed, meaning 4.5 per cent of the country are uemployed.

Ahead of next week's budget announcement, Oxfam Cymru have warned a reduction in the 50p tax rate would "disproportionately harm the poorest people in Wales."

The charity believe if Chancellor George Osborne offers a tax break to higher earners at the same time as cutting working tax credits this will result in a more divided Britain, hitting poor communities in Wales particularly hard. But the South Wales Chamber of Commerce say they believe any reduction tot he 50p rate will have very little impact on the country.

March 22, 2011

Rise in alcohol tax will raise money but not spirits

The rise in duty on alcoholic drinks is all very well and good for reducing the deficit, but what will an extra 10p on every pint mean for the Welsh economy?

With the budget due to be announced tomorrow, yet again the Government is targeting alcohol tax to try and ease the burden on the economy.

Although this paper realises money needs to be found to lower the deficit, the Government must remember people are already struggling to make ends meet due to the recession.

Although it may take more than a 10p increase per pint to discourage some avid pub-goers, it could significantly add to an evening spent in the pub and people may look to other forms of entertainment.

March 18, 2011

Dyslexia test for Welsh-speaking children to be made available

A private trust has agreed to finance a new test to detect dyslexia in Welsh-speaking schoolchildren, after the Assembly refused to provide £10,000 funds.

A private trust has agreed to finance a new test to detect dyslexia in Welsh-speaking schoolchildren, after the Assembly refused to provide funds of just £10,000.

Headteachers at Cardiff's Welsh-medium primaries have expressed their disappointment at the Government's decision not to pay for the Welsh-language tests. Due to the differences between the languages, the new assessments may help to detect the disorder where English-language equivalents fail.

March 18, 2011

Lecturers strike over pensions

Scores of university lecturers and union members gathered this morning to oppose cuts to lecturers' pensions.

Lecturers at five Welsh universities are taking strike action in a UK-wide dispute over changes to their pensions. Many of the lecturers on strike today stood in the rain with students and University College Union (UCU) members, holding placards and handing out leaflets.

March 1, 2011

Cardiff car insurers bracing themselves after European Court bans "gender specific" policies

Cardiff motorists and insurers are bracing themselves for big changes to their insurance policies, after a European court banned "gender specific" policies.

Under the new ruling, insurers will no longer be able to use gender as a determining factor when calculating insurance premiums for young drivers and will instead rely on factors such as the age of the driver and the make and model of car which they wish insure.

March 1, 2011

Women wave goodbye to insurance discounts

The price of driving is set to go up for women as there will no longer be discounts for ladies who insure their cars.

As women currently pay approximately half the amount as men on insurance policies, the boys are feeling hard done by. And now the European Court of Justice has ruled lower premiums for women constitute sexual discrimination.

It’s good to know burning bras has achieved a 25 per cent increase, while men will pay 10 per cent less.

February 25, 2011

Cardiff Council approves controversial budget

Cardiff County Council's budget for the next year was approved at last night's meeting despite widespread opposition, including protests outside City Hall.

The budget, which was approved by a majority of 15 with no abstentions, included savings of nearly £22million on last year's spending, an increase in council tax of 1.94 per cent, which would raise £2.4million, and a range of increased service charges.