Autumn Budget 2024: Reeves scraps British ISA plans October 30, 2024 Chancellor Rachel Reeves failed to make any changes to Individual Savings Accounts (ISAs), keeping annual subscription limits fixed, while confirming that the British ISA would be scrapped. The annual ISA allowance has been constantly been upped in recent years, starting at £7,000 in 1999, then to £7,200 in 2008, £10,200 in 2011, £15,000 in 2014, [...]
Autumn Budget 2024: Labour abolishes non-dom tax status October 30, 2024 The Labour government has confirmed plans to scrap the non-dom regime despite a last ditch effort from the community and its advisors to warn against the move. As part of the Budget, Rachel Reeves confirmed she would fulfil the promise made in Labour’s manifesto to remove the tax status, in a move that one advisor [...]
Budget 2024: Backbenchers and bus fares – the political traps to dodge? October 30, 2024 For any Chancellor, their first Budget is always going to be a major event. But for Rachel Reeves, taking to the despatch box today as Britain’s first female top finance minister, she will – one way or another – be making history. The details laid out in Labour’s first Budget after 14 years in opposition [...]
Ahead of the Game: A$AP Rocky’s Tranmere takeover hits a snag October 30, 2024 City AM has learned that one of Tacopina's key investors, who was providing around 30 per cent of the funding, pulled out last week.
Budget 2024: No10 claim Hunt trying to ‘blame referee’ as OBR row heats up October 29, 2024 Jeremy Hunt is trying to “blame the referee” amid a row over an OBR review into the previous government’s departmental spending plans, No10 has claimed. The former Chancellor has criticised the Office for Budget Responsibility (OBR) for choosing to publish its findings as to whether it was given adequate financial information from Conservative ministers ahead [...]
Jeremy Hunt accuses OBR of making a ‘political intervention’ over Labour’s blackhole review October 28, 2024 Chancellor Rachel Reeves has used the supposed existence of the £22bn blackhole as a justification to hike taxes in Wednesday's Budget.
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 [...]
Jeremy Hunt: Upping employer NI would be an ‘absolute disaster’ for economy October 22, 2024 Increasing employer national insurance contributions in the Budget would be an “absolute disaster” for Britain economically, Jeremy Hunt has warned. “I’m really worried that Labour is going to trash an economy, which has better growth prospects than it has for many years,” the shadow Chancellor told the Financial Times in an interview. On the prospect [...]
Borrowing figures show Reeves is in a fiscal bind ahead of Budget October 22, 2024 The latest figures showed that borrowing in September exceeded expectations yet again, driven by higher government spending.
UK needs ‘more diplomacy’ with China, says Lammy October 19, 2024 The UK approach to China needs “more diplomacy, not less”, the Foreign Secretary has said on his first official visit to the country. David Lammy said the Government would bring “consistency” to relations with China, adding there had not been “sufficient contact” between London and Beijing under his predecessors, particularly on human rights issues. His [...]