The Notebook: Say it however you like, a National Insurance hike is a tax on jobs October 30, 2024 Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.
These two mistakes are making today’s Budget harder than it needs to be October 30, 2024 The problem with Rachel Reeves promising both ‘stability’ and ‘growth’ is that the two can be mutually exclusive. Governments do not create growth; businesses do and they rely on innovation and risk taking, says Alys Denby Not since George Osborne’s ‘caesar’ cut has a Chancellor’s hair-do caused such a sensation. Did Rachel Reeves’ newly auburn [...]
How will the bond markets react to the Budget? October 30, 2024 For all the government’s promises of stability and hoped-for reductions in interest rates, UK yields on government bonds are now, in fact, very similar to the levels to which they rose under the ill-fated Truss government, says Paul Ormerod There has been a huge amount of speculation about the Budget. Later today we will of [...]
What will happen to wealth taxes? October 30, 2024 The Chancellor is considering a range of tax hikes on wealth, but questions remain over how much revenue she can raise, says Nick Pheasey The taxation of an individual’s wealth can be an emotive subject. Broadly, the UK imposes tax on wealth on two occasions. First, as it is generated, by income tax or capital gains [...]
Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
The Notebook: We have to talk more about money! October 29, 2024 Money remains a conversational taboo for many Brits, but if we want a country of investors, we have to talk about it, writes Camilla Esmund.
“Genuinely uplifting” – The City AM Dragon Awards for Social Impact October 29, 2024 The rest of this week is going to be dominated by the Budget, so permit us a diversion today as this column focuses not on capital gains tax, investor sentiment or national insurance, but on the quiet, unassuming brilliance of so many people and so many businesses doing so many great things. In yesterday’s paper [...]
Why wealth taxes always fail October 29, 2024 Almost every country that has tried imposing wealth taxes has later abolished them, with good reason says John O’Connell Rachel Reeves’ problem tomorrow is a simple one to describe, if not a simple one to solve. How does she raise the revenue needed to fund the spending binges of her colleagues, without raising taxes on [...]
On housing, the government’s numbers just don’t add up October 29, 2024 Developers can only build at the rate they can sell, and this is intrinsically linked to mortgage financing. Long-term, fixed-rate mortgages above the 4.5 times income threshold can be part of the solution, says Arjan Verbeek The United Kingdom’s housing market is at a critical juncture. The government has pledged to deliver 300,000 new homes [...]
This will-we, won’t-we budget is causing economic harm October 29, 2024 Watching the will-we, won’t-we budget commentary unfold over the past few months has been painful and has caused significant uncertainty across the market. Not to mention that delaying the budget to October following the July election was a misstep, it has resulted in drawn-out public scrutiny of the multitude of possible tax changes on the [...]