By David Pester
In his comprehensive Spending Review in November, chancellor George Osborne confirmed details about the government’s vision for regional devolution in England. Following the stream of devolution deals struck in the run-up to the review – including those for Sheffield City Region, the North East and the West Midlands – he revealed that a number of other deals were progressing at a steady pace.
Following chancellor George Osborne’s Spending Review, the Department for Business, Innovation and Skills (BIS) has announced that the Business Growth Service (BGS) will soon come to an end.
During the 2015 Autumn Statement, it was announced by George Osborne that the government is introducing a penalty fee of 60 per cent of tax due for General Anti-Abuse Rule (GAAR) as part of the Spending Review.
George Osborne revealed during the Autumn Statement 2015 that he will enforce an apprenticeship levy by April 2017 as part of the Spending Review in order to create three million apprenticeships – all of which will be “high quality” as overseen by a body led by business secretary Sajid Javid.
George Osborne’s 2015 Autumn Statement has closed and he revealed during the Spending Review that the UK’s small businesses and self-employed individuals will possess digital tax accounts by the end of the decade, which comes as part of a £1.3bn HMRC reform for the government.
