Chancellor George Osborne announced plans to raise £3.5 billion (€2.8 billion) over five years by restricting banks’ ability to offset past losses against profits in the future. The move will avert the prospect of the banks paying no corporation tax by carrying forward losses made during the crisis.
The autumn statement imposes a transaction tax of up to 12 per cent on homes worth more than £1.5 million (€1.9 million). Britain’s most expensive homes...
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