Treasury

The Treasury may have underestimated the impact of ongoing market turbulence in its forecast for economic growth this year, the Treasury Committee warns.

Chancellor Alistair Darling has confirmed capital gains will be taxed at an 18% rate as of 6 April.

The Government has published details of draft legislation, announced in the 2007 Budget, related to business tax reform and capital allowances.

The Treasury today launched a £76m free face-to-face money advice service as part of a £135m plan to promote financial inclusion.

The mortgage industry must consult internally on what lessons can be learned from the summer credit crunch, according to Jon Pain, chairman of the Council of Mortgage Lenders.

Property authorised investment funds (PAIFs) are to receive level tax treatment with REITs, according to a Treasury Discussion Paper.

Chris Cummings, director general of trade body AIFA, has met with the Economic Secretary, Kitty Ussher.

A joint 500-page response from the FSA, Treasury and Government Actuary's Department has delayed the Parliamentary Ombudsman's report into the collapse of Equitable Life until at least the end of the year.

Economic Secretary Ed Balls will be the key note speaker at the Association of IFAs annual dinner, the organisation has confirmed.

There have been some interesting legal decisions recently which have affected the rights of couples, be they married or cohabitees, and could potentially lead to changes in the way finances are managed and advised on.