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Business and Other Briefings
FSA: The Financial Services Authority (FSA) has issued a feedback statement reaffirming its regulatory approach to balancing the responsibilities of consumers & firms, which it first set out in Discussion Paper 08/05.
ECGD: All 1,000 workers at a potash mine in the North York Moors National Park will be working hard this autumn, after the Export Credits Guarantee Department (ECGD) and UK Trade &Investment (UKTI) joined forces to help their company secure a major export order.
Failure to secure the order would not only have had implications for the 1,000-strong workforce at CPL, but also an additional 4,000 people in its supply chain.
HMRC: You can now use the internet to report to HM Revenue & Customs (HMRC) any individuals or businesses that you believe may be evading their tax. Since 2005, over £42m has been recovered as a result of information received directly from members of the public through the taxman’s confidential hotlines.
In addition, information received through the hotlines has led to the successful recovery of 320kg of class A drugs, along with 27m illegal cigarettes and 9.7 tonnes of hand rolling tobacco - equivalent to £6m of revenue.
WAG: A £37m initiative to help 18,000 people across West Wales & the Valleys become ‘world class business leaders’ has been announced by the Welsh Assembly Government.
The Enhancing Leadership & Management Skills in Wales programme, backed with almost £16m from the Convergence European Social Fund, will also work with over 5,000 businesses to ‘develop motivated, competitive and highly skilled individuals to drive the workforce and support a 21st century economy’.
Over the next five years the initiative will provide grants to meet up to 70% of costs to help employers fund their staff to develop their leadership & management skills, and will be accessible through the Workforce Development programme via the Assembly’s Flexible Support for Business (FS4B) service.
As part of the initiative, a consortium of partners involving Cardiff Business School, Cardiff University, Glyndŵr University School of Business and Tattum Guests Associates will provide an All-Wales Centre of Excellence, offering training, workshops, information & services to the business community to promote & drive up demand for leadership and management development & qualifications.
Press release ~ WAG - Information for Employers ~ Leadership and Management ~ WAG: Business and economy ~ Academic Expertise for Business ~ Convergence European Social Fund ~ Workforce Development programme ~ Flexible Support for Business (FS4B) service
This Revenue and Customs Brief provides details of HMRC's response to the High Court judgment in Insurancewide/Trader Media.
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