Here we go again: IMF predicts UK economy to lag US and EU next year October 10, 2023 The UK is set to be the weakest performing advanced economy in 2024 according to new forecasts from the International Monetary Fund (IMF) as tighter monetary policy slows economic activity.
Falling inflation helps government borrow much less than expected in boost for tax cut hopes January 23, 2024 The latest round of figures come as the government lines up its latest round of tax cuts, which are likely to be announced in the Spring Budget.
Hunt announces civil service hiring freeze as he aims to shrink the state October 2, 2023 Chancellor Jeremy Hunt today announced a freeze on civil service recruitment and pledged to shrink the size of the state.
‘Side hustle tax’ to see online platforms like Ebay, Airbnb and Amazon share seller details with HMRC January 2, 2024 This will allow tax authorities to detect and tackle tax evasion, while also levelling the playing field with how traditional businesses are treated for tax purposes, according to HMRC.
In search of a plug for the blackhole, Hunt must not cull investment in our future November 14, 2022 We are still spending comparatively little compared to other science superpowers such as Israel and South Korea. And the real benefits from investing in R&D aren’t typically felt for about ten years.
Why Deutsche Bank reckons the UK economy will avoid a recession in 2024 January 3, 2024 The UK economy outperformed all expectations in 2023, but it was hardly a vintage year. Here are some reasons why 2024 might be better.
Government needs to bring in lighter regulatory regime to fill City’s specialist insurance market gap January 3, 2024 The UK insurance industry has urged the Government to adopt a lighter regulatory regime for captive insurance companies to fill the gap in London’s specialist insurance market.
Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
Government slashes bank surcharge in boost for the City November 17, 2022 The government has slashed a surcharge on bank profits to three per cent today in a bid to keep the UK's finance industry internationally competitive.
How do the latest borrowing figures impact Hunt’s tax cut calculations? December 21, 2023 The Treasury borrowed £14.3bn in November, which was nearly £1bn less than this time last year but comfortably higher than economists had expected.