blog header image

Posted : 14 Mar 2016 at 16:30:43
Category: News

Share this article

A report by Oxfam estimates tax cheats have cost the Treasury £5bn in lost revenue

The charity believes more than £170bn owned by the wealthiest Britons is being held offshore in locations such as the Cayman Islands and Bermuda, costing the exchequer £5bn in lost taxes every year

Oxfam’s research also indicates the richest 1% of Britons, a group solely comprising of millionaires, have received more than a quarter of the £4trn increase in national wealth since 2000

In addition, it reveals men have benefited far more from tax cuts for top earners than women

Cutting the top rate from 50p to 45p four years ago helped 16% of women but 84% of men, the research suggests

Sources - Daily Mail, The Guardian, The Independent, Daily Mirror,

SIMILAR NEWS

blog header image
NEWS
UK CONSTRUCTION FACES ‘PERFECT STORM’ AS SUPPLY SHORTAGES LOOM

UK construction is facing a “perfect storm” of growing skills and materials shortages as demand for building reaches record levels driven by home improvements, the housing market and new i ...

blog header image
NEWS
DEMAND FOR CONSTRUCTION WORKERS CLOSE TO 20 YEAR HIGH

The staff shortage in construction is continuing to bite, with 33,000 job vacancies for the period of April to June according to the latest figures from the Office for National Statistics. It is the s ...

blog header image
NEWS
2021 BUILDING MATERIALS SHORTAGE: WHAT IS THE PRICE OF BUILDING MATERIALS?

Covid-19, Brexit and booming demand are combining to drive up prices for the essential materials the UK’s construction sector desperately needs. Bluebeam takes a look at the 2021 build ...

blog header image
NEWS
MORE THAN 160,000 STILL FURLOUGHED AT END OF APRIL

More than 160,000 construction workers remained on furlough at the end of April, new figures have shown. Data released by the government this week showed that 166,600 roles in the sector were bei ...

blog header image
NEWS
CONSTRUCTION LEARNERS TO GET SITE SKILLS CARDS

Construction trainees will soon be given their own skills cards to help oversee work placements. The new Industry Placement Card will help support learners transitioning from the classroom into the ...

blog header image
NEWS
NUMBER OF FURLOUGHED CONSTRUCTION WORKERS FALLING FASTER THAN WIDER ECONOMY

Number of furloughed construction workers falling faster than wider economy  Latest HMRC data shows size industry’s furloughed workforce shrank by 15% in March The numbe ...

business-directory Business Directory
smartbusinessdirectory Payroll Services Business Directory
truebusinessdirectory payroll-services Directory
payroll-services Directory