Capital isn’t the issue – there aren’t enough UK projects to invest in October 16, 2024 My company is raring to invest billions into the economy, but there's nowhere for the money to go, writes Tracy Blackwell.
The Notebook: Starmer should spend more time on Linkedin October 16, 2024 Sir Keir Starmer should spend more time clicking away on the world’s most insincere website, according to Michael Martins, founding partner of Overton Advisory Starmer should spend more time on LinkedIn Labour’s first successful International Investment Summit under Prime Minister Starmer yesterday has garnered all the right headlines. Tens of billions of pounds in investment [...]
Support for innovation is needed in Budget warns pharmaceutical industry October 15, 2024 The Association of the British Pharmaceutical Industry (ABPI) has called on Rachel Reeves to prioritise research and development (R&D) investment in the coming Labour Budget to unlock the potential of the UK life sciences sector. The APBI’s pre-Budget submission stressed the importance of maintaining and increasing public R&D funding to increase the UK’s attractiveness as [...]
Reeves looks to charm small business amid tax backlash October 15, 2024 Rachel Reeves has mounted a charm offensive on small business owners this evening after a furious backlash against rumoured plans to hike capital gains tax and national insurance at the Budget this month. At a summit of executives and start-up founders in Downing Street, the Chancellor is expected to bang the drum for more investment [...]
IMF predicts global debt to surpass $100 trillion this year October 15, 2024 In its latest fiscal monitor, the international fiscal watchdog said that public debt had spiralled post-pandemic, as governments increasingly embraced spending to stimulate economic growth.
Employer National Insurance hike could risk jobs amid 95,0000 vacancies October 15, 2024 Increasing employers’ national insurance contributions (NICs) could pose a risk to jobs amid some 95,000 vacancies across pubs and restaurants, a hospitality lobby group has warned. Data released from the Office for National Statistics (ONS) today revealed there are a “stubbornly high” 95,000 openings across the sector, including in venues, cafes and eateries. Hospitality UK [...]
National Insurance hike will be ‘difficult’ for businesses, warns CBI boss October 15, 2024 Increasing employers’ National Insurance contributions will make it “harder for businesses to create the jobs and the growth” needed to “help fund our public services”, the boss of one of the UK’s largest business groups has warned. Speaking a day after Keir Starmer refused to rule out hiking National Insurance contributions paid by businesses, Rain [...]
Hostelworld: Bookings at travel agency buoyed by budget trips October 15, 2024 Online travel agency Hostelworld Group has reported a strong performance in the year-to-date, driven by an increase in demand from budget and solo travellers. The Irish company, which is listed in London, reported record bookings in Asia and Central America in the six months to June 30. While bookings rose by seven per cent year on [...]
Robert Walters blames Budget uncertainty for slump in UK fees October 15, 2024 Recruiter Robert Walters has posted a slump in net fee income as economic and political uncertainty dragged on hiring in the UK and Europe.
Capital gains hike in the Budget could push landlords out of the market October 15, 2024 In a paper published back in 2022, Capital Economics, a leading economic consultancy, predicted that hiking CGT would actually cost the Treasury.