Dear sport leaders, drop the slogans if you’re not going to be a force for good Sport Business As the world watched the final votes being counted in the US election, one person in particular should have been nervous about Donald Trump’s victory: Fifa president Gianni Infantino. Infantino had previously claimed that the upcoming 2026 World Cup was “a rallying cry […] a moment when three countries and an entire continent collectively say: [...]
Zopa and Oaknorth founders warn against hiking capital gains tax Entrepreneurship Raising capital gains tax to between 33 and 39 per cent in an attempt to shore up the government finances “should be resisted” and may “end up lowering the tax take”, a group of 500 British entrepreneurs has warned. In an open letter to the Chancellor, which is signed by the founders of Signal AI, [...]
House prices rise at fastest pace in two years Business House prices have risen at their fastest pace in two years as easing mortgage rates shift the UK’s property market back into gear, new figures reveal. House prices across Britain rose by 3.2 per cent year on year in September and 0.7 per cent month on month, according to Nationwide’s house price index. “Mortgage rates [...]
Financial advisor: Plan for a ‘devastating’ inheritance tax raid September 26, 2024 British families and expats with assets in the UK should act now to mitigate the potential impact of an inheritance tax raid in next month’s Budget, the boss of one of the world’s largest financial advisory firms has warned. Nigel Green, who founded Devere Group in 2002, said the upcoming fiscal announcement was likely to [...]
The Capitalist: The Lord Mayor’s (self-funded) clothes; Old Street Non-Roundabout slammed; Tories party; and Clegg gives advice September 19, 2024 A look into the Lord Mayor's wardrobe, Old Street's new "non-roundabout" and Nick Clegg dishes out some career tips in this week's diary.
Labour’s upcoming tax rises – and what to do about them September 10, 2024 Here’s how wealth creators in the UK can navigate the upcoming tax changes, write Ollie Saiman and Katherine Waller As we approach the new government’s first budget it seems almost impossible to avoid the widespread speculation about what Halloween tricks or treats are going to jump out of the Chancellor’s red box on 30 October. Given the [...]
City deals advisers gear up for rebound after election pushed M&A to four year low September 3, 2024 The City’s deals advisers are gearing up for a rebound in activity in the closing months of the year after election uncertainty pushed mergers and acquisitions (M&A) to a four-year low in June, according to fresh figures today. The value of total deals involving UK firms, as either targets or buyers, slumped to £11.8bn in [...]
How much could a UK bank windfall tax raise? August 29, 2024 The banking sector is considered an easy target for an energy-style windfall tax, with lenders enjoying record profits on the back of interest rate hikes from the Bank of England last year.
Why London’s wealthiest are shelling out up to £40,000 a month to rent prime property August 28, 2024 It might seem counter-productive to spend tens-of-thousands of pounds on something you won’t see any return on, but that’s exactly what’s happening in London’s super-prime lettings market at the moment. Properties can range from £5,000 per month to something closer to £40,000, with lettings more often than not arranged off-market. For wealthy families unsure if [...]
Prime London property bounces back after election despite tax uncertainty August 15, 2024 Buyers have returned to prime London properties after the election despite uncertainty around the government’s position on tax changes, new data shows. Sales in July were at their highest on a year-to-date monthly basis, although the average price of a property fell by five per cent on an annual basis, LonRes has found. The number [...]