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What the Papers SayBack

The Financial Times

Higher wages fail to make up for lost tax credits, says IFS

money

Critical assessment projects 13m poorer families would lose an average £260 a year

Low-paying employers uneasy over surprise increase in minimum wage

Closures, price rises and job losses all possible responses, although staff retention set to improve

(online)

Tax-cutting rhetoric masks increases in spending and revenue

George Osborne has smoothed the path of austerity; achieved a surplus a year later than planned; reduced cuts to government departments; and raised taxes in Wednesday’s summer budget.

The Times

‘Car rage’ case dropped

The case against a billionaire’s wife who was accused of “keying” her neighbours Bentley has been dropped by the CPS.

Chinese taught British motoring manners

(A Chinese man wants to “import British-style driving courtesy” to his city)

Business

Only CBI kicks ass among ‘lazy arses’

Business is strangely divided about how controversial budget changes will affect it

Of the leaders representing British business, the measured tones of John Cridland were a lone voice this week. Measured, but stridently critical.

BMW shares dented by alarm over damage to Asian profits

Shares in German car companies and steelmakers have slipped over fears of losses from the China crisis.

The Daily Telegraph

Business

Premiums will be driven up by tax raid, warns industry

A new tax grab on insurance has been criticised by the industry as an extra cost for households that stands at odds with the Government’s pledge to protect Britons from tax releases.

The Independent

One-third of shop workers to miss out on ‘living wage’ rises

Sector seeks to play down fears over Budget fallout after falls in retail shares

The Daily Mail

Diesel drivers ‘ripped off by £40m a week’

Fuel retailers have ‘ripped off’ Britain’s motorists to the tune of £250million in six weeks by inflating the price of diesel, motoring groups claim today.

Posted by Lois Hardy on 10/07/2015