Effect of the Pre-budget statement on cashing in your investment in the company

The pre-budget statement made a few weeks ago has ruffled the feathers of many a businessman with an eye to cashing in his investment in his business.  Despite the Chancellor’s back tracking through the giving of a minor concession (the first £100k of gain on the sale of a business will not be taxable), the announcement [...]

Northern Rock – so interested parties want us to write off £2 billion?

The deadline for interested parties is on us.  And if press reports are to be believed, they want us, as a country, to write off £2 billion in interest charged.
Let’s explore this further:

Northern Rock would have had to pay interest on the money it would have had to borrow.  Why should we, as a country, waive all [...]

£30 billion pounds and counting

It is now just three months since the Northern Rock affair broke.  And in that time the government has loaned, or will soon loan, £30 billion to Northern Rock. 
Let’s put that in context.  It will build 60 of the new Olympics arenae (based on today’s estimated prices).  Or fund the entire NHS for 11 months.  Or [...]