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 [...]
First-time buyers could see huge tax hit under rumored Budget change October 28, 2024 First-time buyers could see huge tax hit under changes rumored to be included in the Autumn budget. It has been rumoured that Chancellor of the Exchequer Rachel Reeves will rule out any changes to stamp duty land tax in the Budget. Stamp duty land tax currently applies to homes costing over £250,000, but in March [...]
Odey Wealth Management enters liquidation October 28, 2024 Odey Wealth Management, a subsidiary of Crispin Odey’s asset management firm, has filed for voluntary liquidation a year after it began winding down its business. Wealth management and accountancy firm Evelyn Partners was brought in as its liquidator last week after the process was approved by the company’s board on 10 October, Companies House filings [...]
Crispin Odey rejoins eponymous hedge fund October 24, 2024 Former hedge fund manager Crispin Odey has rejoined the company he left last year following sexual assault allegations against him. Odey Asset Management, named after the eponymous founder, was wracked with scandal last year after a Financial Times investigation revealed more than a dozen women had accused the manager of sexual assault. While there had [...]
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 [...]
Andrew Bailey: Regulators must not be complacent on shadow banking threat October 22, 2024 Andrew Bailey, Governor of the Bank of England, warned regulators need more tools to deal with threats to financial stability today as he sounded the alarm on the “opaque” nature of the ‘shadow banking’ sector. In a speech at Bloomberg’s Global Regulatory Forum in New York, Bailey drew attention to the systemic risks posed by [...]
A Budget for tax simplification would make Britain a better place for business October 21, 2024 There’s more to competitiveness than headline rates, Rachel Reeves should use the Autumn Budget to make taxes simpler and rules easier to comply with, says Colin Graham Chancellor Rachel Reeves has been clear that the current state of government finances will only improve with economic growth. For this to work, there will need to be [...]
UK house prices surge as cooling inflation gives rise to lower borrowing costs October 16, 2024 House prices in the UK rose by 2.8 per cent against the backdrop of the lowest inflation for three years and prospect of interest rates coming down further. The UK average according to the Office for National Statistics sat at £293,000 in the year to August 2024, though London prices are typically higher. This marked [...]
Tory leadership: I’ll return us to ‘party of sound money’, Robert Jenrick pledges October 16, 2024 Tory leadership contender Robert Jenrick has pledged to return the Conservatives to “being the party of sound money”, if elected. The former migration minister outlined his economic plans in a speech this morning in which he admitted the Conservatives “abandoned fiscal responsibility in the mini-Budget.” Jenrick told an audience of journalists and MPs at a [...]
Tory leadership: Jenrick warns of ‘big task’ to restore economic credibility October 1, 2024 Robert Jenrick has warned it will be a “big task” for the next Conservative party leader to restore the party’s “economic credibility” following Liz Truss’s calamitous mini-Budget. The leadership candidate, speaking at a Q&A for party members at the annual conference in Birmingham, told the audience he was “not happy” about the current levels of [...]