National debt: Government must reform or things will ‘blow up’ September 12, 2024 Sooner or later the British government is going to face a reckoning on the national debt.
Spring Budget in review: Some sensible moves, a few gimmicks, but mostly a bore March 7, 2024 So, what's the verdict? Some small steps in the right direction, but nothing to move the dial on the economy – or the opinion polls, writes Julian Jessop.
Spring Budget 2024: Government banks largest monthly surplus on record before March statement February 21, 2024 January's figures are the last round of monthly borrowing figures before the Spring Budget, which is scheduled to be held on 6 March.
FCA: Cum-ex trader hit with £5.95m fine for ‘sham’ trading scheme March 18, 2024 The Financial Conduct Authority has slapped a so-called cum-ex trader with a £5.95m fine and banned him from working in financial services today for his role orchestrating a “sham” trading scheme.
New UK taxes have raised £48bn in last decade, says new study February 22, 2021 The UK taxman has collected £48bn in revenue through new taxes in the past decade, according to a British accountancy group. UHY Hacker Young said the figures showed that a series of taxes under successive Conservative chancellors have “not fit in with their aim to simplify the UK tax system”. The study showed that the [...]
For Labour, these last 24 hours have been years in the making May 29, 2024 She may not have much of a Texan drawl, but Rachel Reeves’ commitment yesterday to no new tax hikes under a Labour government certainly matched the import of George Bush Senior’s commitment more than three decades ago. It is a commitment that we, and much of corporate Britain, will hold her to if Labour does [...]
Labour’s non-dom threats mean UK set to miss out on ultra-rich fleeing France and US July 3, 2024 The Labour Party's non-dom policy means that London is set to miss out on the large numbers of ultra-wealthy individuals looking to leave France and the US's political instability, a leading wealth advisor has warned.
Stamp duty holiday costs government more than £500m in lost taxes February 3, 2021 The government lost out on more than half a billion pounds in taxes due to the stamp duty holiday, according to the latest figures. Data from HM Revenue and Customs (HMRC) showed that overall stamp duty land tax receipts fell 16 per cent to £2.76bn in the fourth quarter of last year, compared to £3.29bn [...]
Hunt’s record January surplus isn’t the good news the Chancellor was looking for February 21, 2024 The £9.2bn undershoot on borrowing in the year-to-date is good news, but it won't have a big impact on how much headroom the Chancellor will have in the Spring Budget.
Rishi Sunak set to maintain triple tax lock despite Covid-19 deficit February 2, 2021 Chancellor Rishi Sunak is said to have agreed to maintain the Tories’ so-called triple tax lock at next month’s Budget, preventing him from raising income, national insurance or value added tax. The chancellor had come under pressure from Treasury officials to shun the commitment made in the Conservative Party’s 2019 manifesto not to increase rates [...]