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British VAT Rise in January Necessary Osbourne Says

Britain is bracing itself for a rise in VAT from 17.5% to 20% on 4 January 2011. Chancellor George Osborne has said it is “unavoidable” given the UK’s present degree of indebtedness inherited from the previous Labour government after their 13 year term which ended in May 2010 and resulted in a coalition government with […]

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Euro Currency Weakness – Domino Effect Worries Continue

The German Chancellor Merkel’s announcement today that she was confident in the ability of the Euro to survive the current worries that, following Ireland’s expensive Euro 85Billion loan and politically damaging rescue package. With similar statements released by EU officials, this in itself, shows that the nervousness is very tangible. At the start of the […]

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