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Chancellor to axe top tax rate

The 50 percent top income tax rate is to be scrapped from next year under a plan to be revealed in this week’s Budget, as a measure designed to improve conditions for investors and entrepreneurs in the UK, according to Chancellor George Osborne. The 50 percent rate was introduced by Labour in 2010-11 for those

CBI: EU data protection proposals will harm business

The Confederation of British Industry (CBI) has warned the EU that its proposed modifications to the EU Data Protection Act would place a heavy burden on European businesses and could “strangle innovation”. Compliance with the new rules would “place a cost burden on all businesses which may deter investment and be passed on to consumers”,

Storage software sees record quarter

The worldwide storage software market showed record revenues for the fourth quarter of 2011, according to IDC, with sales increasing by 10.5 percent year-on-year to just under $3.8 billion (£2.4 billion). Results for the full year were up 11.6 percent to $14.16 billion, IDC said. EMC in the lead EMC was the top vendor for

Pano Logic cuts EMEA virtualisation deal with Arrow ECS

Pano Logic, which provides a clientless desktop virtualisation (VDI) product called the Pano System, said it has signed up Arrow Enterprise Computing Solutions as a value-added distributor for 26 countries across Europe, the Middle East and Africa. Arrow ECS already offers an initiative called “Five Levels of Virtualisation”, aimed at helping resellers build virtualisation products

Computacenter sees strong continental growth

Reseller and services giant Computacenter has reported its sixth year in a row of double-digit profit growth, with growth in Germany and France offsetting weaker demand in the UK. The company’s UK operations were hit by government budget cuts and lower spending at financial services firms, but continental European companies continued to upgrade their IT

Public Sector is key to Cloud adoption – F&S

Frost & Sullivan has encouraged EU movements toward the adoption of cloud computing in the public sector, but warned that reliability concerns are still preventing many organisations from moving into the cloud. At the World Economic Forum in January, European Commission vice president Neelie Kroes said the flexibility and efficiency of cloud computing will “change

Nscglobal sees strong sales

UK-based network integrator nscglobal said its sales for the full financial year to 30 June 2011 grew 16 percent to £60.5 million, with an upbeat outlook for the coming year, according to the company’s recently released annual report. The company offers services including logistics and import process management, installation engineering support, maintenance and ongoing engineering