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neotherbusiness is a business blog where you can share views and opinions about business news and developments in Newcastle and the North-East.

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Jez Davison

Apprenticeships need more employer buy-in

Posted by Jez Davison on February 9, 2010 9:05 AM

The rising tide of young people out of work is a sobering reminder of the trail of destruction left by the recession.

Official figures show that the North-east has more NEETs - 16-24-year-olds not in education, employment or training - as a percentage of its young population than anywhere else in the UK.

Continue reading "Apprenticeships need more employer buy-in" »

Jez Davison

Which way now for Durham Tees Valley Airport?

Posted by Jez Davison on January 19, 2010 9:20 AM

The sharp slump in passenger numbers at Durham Tees Valley Airport (DTVA) has highlighted in bold the monumental challenge facing Britain's aviation industry.

On Friday it emerged that just 300,000 had passed through the gates last year - less than half of the number in 2008.

Continue reading "Which way now for Durham Tees Valley Airport?" »

Jez Davison

Austerity or aspiration for business?

Posted by Jez Davison on January 12, 2010 8:11 AM

May 6, the expected date for this year's general election, could be a defining day in the history of Teesside business.

It will mark the epiphanic moment when company owners decide whether they will be better off in David Cameron's Age of Austerity or Gordon Brown's racier Age of Aspiration.

Amid the political spin and subterfuge, it's a tough one to call.

Continue reading "Austerity or aspiration for business?" »

Jez Davison

Make more and consume less

Posted by Jez Davison on January 5, 2010 9:32 AM

The roller-coaster ride that was the first decade of the twenty-first century has brought Teesside and the rest of Britain down to earth with an almighty bump.

First there was the dot.com busted flush that saw entrepreneurs make - then lose - millions overnight. Next came the construction boom and bust, where houses, hotels and offices were built on the rocky foundations of sky-high debt that ultimately couldn't be repaid.

And finally, the Northern Rock meltdown and subsequent implosion of financial systems around the world have left many questioning whether life will ever be the same again.

Continue reading "Make more and consume less" »

Jez Davison

Annus horribilis for Tees Valley - but reasons to be cheerful

Posted by Jez Davison on December 22, 2009 8:22 AM

The hulking Corus steelmaking plant that has lit up Redcar's skyline for decades is now casting a huge shadow over the local landscape.

A symbol of Tees Valley's working class graft and manufacturing excellence, it will soon become a poignant reminder of former glories unless there is an eleventh hour rescue act to save it from closure.

Continue reading "Annus horribilis for Tees Valley - but reasons to be cheerful" »

Jez Davison

Darling puts City status under threat

Posted by Jez Davison on December 15, 2009 9:17 AM

London's status as one of the world's most influential financial hubs has been thrown into jeopardy by the Chancellor's latest attempts to curb bankers' excesses.

Alistair Darling's windfall tax on bank bonuses, announced in last week's Pre-Budget Report, was showcased as a clampdown on the reckless risk-taking that came so close to blowing up the UK financial system last year.

Continue reading "Darling puts City status under threat " »

Stephen Hall

A Great Day for Bingo & Boilers

Posted by Stephen Hall on December 10, 2009 2:19 PM

What do bingo and boilers have in common....?

Well, they were both given tax breaks in yesterday's pre-budget report. Bingo duty was cut from 22% to 20% and if you scrap your domestic boiler you may be in line for a £400 tax reduction.

These were a few of the more obscure measures announced by Alistair Darling yesterday.

The upcoming year is likely to be very interesting from a tax perspective. As we move towards the general election and the possibility of a new government, there will be perhaps 2 or 3 Budgets and in my ongoing blog I would like to keep you updated on how any changes in tax will affect you.

I work as a tax partner In Deloitte Newcastle. I have been with the firm for my whole working life. Being originally from Durham I returned to the North East after university and wouldn't have wanted to work anywhere else.

I lead our Entrepreneurial business tax team dealing with all aspects of the personal and business tax. I enjoy working with owner-managers helping them expand their businesses, create jobs and promote the North East.

So to get started, I had a very interesting day yesterday taking in the announcements of Alistair Darling in his pre budget report followed by a get together with a local bank (who gave some interesting personal insights following Darling's new "bankers tax")

Continue reading "A Great Day for Bingo & Boilers" »