Homeowners face massive inheritance tax hike after Budget hit Business London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]
Inheritance tax receipts rise as Brits warned to ‘make plans to pass on wealth’ Economics Inheritance tax receipts have risen again as experts are warning Brits to better plan for the passing on of wealth, after the Autumn Budget changes. Fresh figures released this morning show inheritance tax receipts for between April and October of this year are £5bn, which is £500m higher than the same period last year. This [...]
Ofwat blocks nine water firms from using customer cash for hefty bonuses Business Ofwat said it would use new powers to prevent customers paying for £6.8m in payouts across the industry, 73 per cent of the total.
Square Mile and Me: Megan McDonald on leading investment bank Daiwa Capital November 21, 2024 Daiwa Capital Markets Europe CEO Megan McDonald tells us how she went from selling mangoes in South Africa to the City C-suite.
Inflation surprise scuppers hope of Christmas interest rate cut November 20, 2024 A bigger than expected rise in inflation last month has all but scuppered hopes of a cut to interest rates by the Bank of England in December. While economists had been expecting rising energy prices to push inflation beyond the Bank of England’s two per cent target last month, a sharper than expected lift in [...]
Lidl boss warns retailers are ‘reeling’ after Budget tax raid November 20, 2024 The boss of budget supermarket Lidl has warned retailers are “reeling” following Labour’s tax raid in the Autumn Budget. The German supermarket’s UK boss Ryan McDonnell said the discount brand was staring down the barrel of “tens of millions of pounds” in extra costs. This comes after the Chancellor unveiled a £25.7bn tax-raising package, with [...]
More possibilities at London Stansted November 20, 2024 The convenient choice for business or leisure With an ever-growing list of destinations plus airport facilities and services that enable you to build the exact experience you want, London Stansted is just a short train ride away from the heart of the City of London, and from the historic city of Cambridge. Here is your [...]
Surging housing costs push inflation back above Bank of England target November 20, 2024 Inflation has risen back above the Bank of England’s two per cent target, the latest data has shown today. According to the latest figures from the Office for National Statistics (ONS) consumer price inflation (CPI) hit 2.3 per cent in October. The figure came in above economists projections. Economists had forecast CPI to come in [...]
Restaurant Sat Bains is the best reason to visit Nottingham November 20, 2024 When you think of the great culinary capitals of the world, your mind probably wanders to Tokyo, Paris or perhaps San Sebastian, cities where the great chefs of our time gather, their collective talent creating a surge of excellence and innovation. You probably do not think of Nottingham, or, more specifically, a nondescript little corner [...]
Tractors circle Westminster as farmers protest inheritance tax rise November 19, 2024 Thousands of farmers marched on Westminster today in protest against the government’s plans to impose inheritance tax on farms. The Chancellor Rachel Reeves has been urged to meet with representatives from the industry after she unveiled plans in the Budget to impose inheritance tax (IHT) on farms worth more than £1m from April 2026. The [...]