New MedTech plan set to cut down waste and add billions to the economy October 23, 2024 The UK government has announced a new strategy aimed at increasing the reuse, recycling and re-manufacturing of medical technologies, which experts think could save Britain billions of pounds. The department of health and social care said that approximately £10bn is spent yearly on medical technology (MedTech), but too much is imported in ways which disrupt [...]
Budget borrowing will slow Bank of England rate cuts, economists warn October 23, 2024 Chancellor Rachel Reeves is hoping to raise £40bn in next week's Budget to help fund higher spending on public services. This will largely come through higher taxes.
Co-op boss: Reform broken business rates system at Budget October 23, 2024 The current business rates system is “fundamentally broken” and is in need of urgent reform at the Budget, the chief executive of the Co-op has warned in an interview in which she also endorsed Labour’s contentious workers’ rights package. Shirine Khoury-Haq told the Today Programme that business rates were one of the driving forces behind [...]
Reeves planning national insurance on employer pension contributions, as workers spared October 23, 2024 The move would raise £15.4bn, which would go a long way to filling the £40bn which Reeves hopes to raise through a combination of tax rises and spending cuts.
Lloyds finance chief calls for ‘pro-growth’ Budget amid fears of bank tax raid October 23, 2024 Lloyds Banking Group’s finance chief has suggested tax rises on UK banks could hinder lending and investment as the sector braces for a possible raid in the government’s maiden Budget next week. Speaking after Lloyds’ third quarter results this morning, William Chalmers said banks are already among Britain’s biggest taxpayers and the FTSE 100 group [...]
Evelyn Partners: Wealth manager warns clients fretting over Budget tax changes October 23, 2024 Wealth management and accountancy business Evelyn Partners has warned that its clients have been fretting over the raft of speculation coming out about next week’s Budget. Rumours about the contents of the Budget have been flying out of Westminster, with concerns that the Chancellor Rachel Reeves may move to hike a variety of taxes and [...]
Lloyds Bank: Lender beats profit estimates as consumers prove resilient October 23, 2024 Lloyds Banking Group has beaten profit estimates as the lender set aside less than expected for souring loans and saw improved consumer confidence.
Franchise Brands mulls move from London’s AIM after chief’s promotion October 23, 2024 Franchise Brands is considering a move from junior market AIM to the main market of the London Stock Exchange following the appointment of a new CEO. The Macclesfield-based £300m company, which has been listed on AIM since 2016, said today that given the “scale and growth ambitions” of the company, it was taking the first [...]
Heathrow Airport: Passengers reach record high on summer boom October 23, 2024 Heathrow Airport smashed through its record-breaking 30m passenger target over the summer. It welcomed 30.7m between June and September, a record for the group. The figures brought the total number of passengers over the first nine months of the year to 63.1m, compared to 59.4m in 2023 – a record. The busiest day(s) in the [...]
Autumn Budget: The growth case for hiking capital gains tax October 23, 2024 We don't know exactly what form the changes will take and we don't know how much the Chancellor expects to raise, but reforms are coming.