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17th of November 2010
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News Tag: suspended

November 8, 2010

Rok set to enter administration

by Kay Murchie
Rok set to enter administration
It has been revealed that Exeter-based Rok Plc, the building and social housing repairs company, has entered administration. The news comes just two months after Connaught, the social housing maintenance group, called in the administrators after failing to secure funding to pay off a mountain of debt, leading to 1,400 job losses. Meanwhile Rok, which works for councils, schools, housing associations and businesses, recently ...

June 18, 2010

Projects axed by coalition Government as it aims to cut spending

by Kay Murchie
It has been announced that the coalition Government has axed a dozen projects worth £2 billion, which had previously been signed off by the former Labour Government. The cuts come as the new Government attempts to bring the UK’s deficit down. According to Danny Alexander, the Liberal Democrat chief secretary to the Treasury, the projects include an £80 ...

May 20, 2010

HIPs suspended from 21st May 2010

by Gill Montia
Home Information Packs (HIPs) will no longer be required for house sellers from tomorrow, 21st May 2010. The costly packs were introduced in 2007 in England and Wales, despite strong opposition from the Royal Institution of Chartered Surveyors (RICS) and National Association of Estate Agents. A final good-bye to the HIP involves legislative changes and the immediate reprieve takes the form of a ...

March 25, 2010

Highland Airways enters administration

by Kay Murchie
Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk. The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business. The Civil Aviation Authority (CAA) said operations had been suspended "with immediate effect". The airline, which was established in 1991 as Air Alba, ...

December 16, 2009

Watford FC on the brink of administration

by Kay Murchie
Shares in Watford Football Club have been suspended after its parent company, Watford Leisure, warned it may enter administration. The Club, nicknamed The Hornets, is currently 10th with 30 points in the 24-team Coca-Cola Championship. Watford Leisure recently announced it would run out of cash before Christmas if it did not secure further funding and has been asked to pay back £4.9 ...

September 3, 2009

Stamp duty suspension: the end is nigh

by Gill Montia
Homebuyers are being reminded that time is slipping away for the stamp duty holiday on properties worth up to £175,000. The levy was suspended in September of last year when the Government raised the threshold at which 1% stamp duty is paid from £125,000 to £175,000, creating an opportunity for homebuyers to save up to £1,750. The concession, which failed to kick-start ...

September 2, 2008

Stamp Duty suspended for purchases under £175,000

by Gill Montia
Stamp Duty suspended for purchases under £175,000
The Government has announced that stamp duty is to be suspended on homes sold for below £175,000. The move, which raises the threshold at which 1% stamp duty is paid from £125,000, could save homebuyers up to £1,750. The concession comes alongside measures to help first-time buyers and homeowners struggling with mortgage repayments, unveiled earlier today. The change is effective on residential ...