Starmer denies misleading the public over tax rises in Labour manifesto October 26, 2024 Sir Keir Starmer has denied misleading the public at the general election over tax plans after he suggested people who make money from shares and property could face greater levies. The Prime Minister rejected claims he was waging a “war on middle Britain” amid pre-Budget speculation he could increase the burden for those who have [...]
If McLaren end Red Bull and Mercedes duopoly, it’s great for F1 October 26, 2024 In just one corner at the Circuit of the Americas in Austin, Lando Norris looked to have blown his shot at winning a first ever Formula 1 world championship, despite there being another five races between now and the coronation in Abu Dhabi. Max Verstappen is by no means driving with the confidence he has [...]
Inside UK non-doms’ battle for survival October 26, 2024 Had a passer-by inadvertently walked into Foreign Investors for Britain’s inaugural press conference earlier this month, they would have been forgiven for thinking they’d encountered an incongruous group therapy session. At one stage, an eastern European property tycoon asked the room: “Why am I suddenly being treated like a tax cheater? I’m being painted out [...]
Private equity tax grab could raise nearly £1bn, study finds October 26, 2024 Bringing the tax on profits earned by private equity bosses in line with income tax could raise up to £1bn, a fresh study from a respected think tank has found. Researchers from the Centre for the Analysis of Taxation’s (CenTax) estimate that taxing carried interest – often referred to as ‘carry’ – at the same [...]
Can the government tax its way to a building boom? October 26, 2024 Labour have big plans for house building and infrastructure so what can we expect on property taxes in the Budget? Tim Sarson has the answers Cut through the post-election chatter about black holes and freebies and there is one theme that keeps coming up as a top political priority. Building things. I can’t remember a [...]
Most Brits worried about tax hikes, survey reveals October 25, 2024 With the Budget just less than a week away, a recent survey reveals that most Brits are worried about potential tax hikes, yet the poll highlights a divide on tax strategy. According to a survey by AJ Bell conducted from October 2-4, representing 2,054 UK adults, two thirds of respondents expressed concerns around their personal [...]
Greencoat UK Wind hit by low power generation as share buybacks continue October 25, 2024 The value of Greencoat UK Wind’s underlying assets dipped by 0.4 per cent across the quarter as power generation came in nine per cent below budget. “We suspect that many of the managers’ expectations have been optimistically biased,” said Stifel analyst Iain Scouller. “We think we will see a similar generation undershoot at many of [...]
Starmer: People who receive income from shares aren’t working people October 25, 2024 Sir Keir Starmer has said that people who get additional income from shares or other assets do not count as 'working people'.
Budget: Labour grandee warns pension tax hike rumours are ‘very worrying’ October 25, 2024 Rumours over a hike in employer national insurance contributions on pensions in next week’s Budget have been described as “very worrying” by Labour grandee David Blunkett. Blunkett, who served in Tony Blair’s cabinet as home secretary and secretary of state for work and pensions, said he would “advise strongly against” the changes in a letter [...]
Investor sentiment split by age as older generation’s views sour October 25, 2024 Investor sentiment has split by age over the last six months, with young people’s confidence in investment increasing significantly as the older generation remains sceptical. While the desire to save and invest has jumped by double digits among 18-34 year olds, those aged 35-54 have increased by just a few percent, while for the oldest [...]