Calls grow louder for Rishi Sunak to ‘come clean’ on family tax affairs and wife’s non-dom status April 7, 2022 Responding to the news that Chancellor Rishi Sunak’s wife claims non-domicile tax status, the Liberal Democrats are calling for the Chancellor to ‘come clean’ on his family’s tax affairs “This news will be a slap in the face for families struggling to cope with Rishi Sunak’s crippling tax hike,” Treasury spokesperson Christine Jardine told City [...]
Two more Labour-run councils at risk of bankruptcy could impact one million households December 15, 2023 With two more local Labour authorities at risk of effective bankruptcy, council tax may rise by 15 per cent for these areas in order to pay off debts.
Cuts, NHS reform and no net zero: Five things we learned from Reform’s manifesto launch June 17, 2024 Nigel Farage positioned Reform as the main opposition force to Labour as he unveiled a manifesto that included big cuts to tax and spending. Here are five things we learnt from the launch.
IFS: Council tax hike is looming over Brits October 7, 2021 Brits are facing the prospect of further tax hikes down the line that will intensify the cost of living crisis already squeezing household finances. Council tax could have to rise by as much as five percentage points per year for the next three years, according to the economic think tank the Institute for Fiscal Studies [...]
Ireland drops opposition to global corporation tax deal October 6, 2021 Ireland has dropped its opposition to raise global corporation tax rates to 15 per cent, bringing a deal to level the business tax regime a step closer. Discussions between Ireland’s finance minister, Paschal Donohoe, and other kingpins driving the agreement among countries that represent around 90 per cent of the global economy has yielded positive [...]
The wellness tax: providing healthy meals and fitness classes for staff should be tax-free for employers July 25, 2021 Over the last 18 months, we’ve heard a lot about the impact of the pandemic on mental health, and with good reason. According to the Office for National Statistics, around 1 in 5 adults experience some form of depression in early 2021 – more than double the number before the pandemic. More than half of [...]
VP profit falls as Brandon Hire Station and housebuilding woes drag on results June 5, 2024 Pre-tax profit fell 90.9 per cent, in large part down to the impact of £27.7m of non-cash impairment at VP's subsidiary, Brandon Hire Station
Policy must catch up with investment demand, says Wood Group boss August 22, 2023 Wood Group has raised its trading expectations in its half-year update to investors, predicting higher pre-tax profits.
Tax hikes pull London markets down September 7, 2021 Sliding financial stocks pulled London markets down today after prime minister Boris Johnson announced a hike to dividend taxes and national insurance. The capital’s premier index fell, the FTSE 100, slipped 0.48 per cent to 7,152.75 points, while the mid-cap FTSE 250 had 0.62 per cent shaved off its value to fall to 24,097.48 points. [...]
Rishi Sunak denies he’s ‘focused on elections’ as spring ballot rumours swirl November 27, 2023 Rishi Sunak has denied he is “focused on elections” despite increasing speculation that the government could plump for a spring ballot following a tax cutting Autumn Statement.