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.
Bellway profit craters but shares jump on strong look-ahead October 15, 2024 Despite a significant drop in completions and profit, housebuilder Bellway has said it is well-positioned to deliver growth going forward and supports the Government’s plan to unlock housing construction. Shares surged by more than eight per cent in early trades. Bellway told markets this morning that profit fell by 44.6 per cent in the year [...]
Stamp duty: TSB and Shawbrook join mortgage lender call for reform before Budget October 15, 2024 A group of mortgage lenders and brokers have called on the government to refund stamp duty for homeowners in a bid to accelerate energy efficiency improvements in UK housing and reduce national emissions. TSB, along with Shawbrook, the Mortgage Advice Bureau (MAB) and Leeds Building Society, have called on the government to provide more support [...]
Starmer did well with the CEOs, but he can’t ignore the start-up founders October 15, 2024 It rained pretty much all day in the City of London yesterday, but this didn’t stop Keir Starmer basking in the warm glow of success. Despite complaints about a chaotic organising process in recent weeks, and a bit of real-time grumbling on the day itself, the Prime Minister’s investment summit was a triumph. A tightly [...]
Entrepreneurs ‘can’t be in doubt’ about our growth pledge, Reynolds argues October 15, 2024 Entrepreneurs who signed an open letter warning about the impact of hiking capital gains tax “can’t be in any doubt” about Labour’s commitment to economic growth, Jonathan Reynolds told City AM. The business and trade secretary was responding to a letter signed by a group of 500 British entrepreneurs, including the founders of Signal AI, [...]
‘Quaint’ Budget not the main focus for City traders this autumn October 15, 2024 Investors have pointed to rising gilt yields as a sign that markets are getting increasingly jittery as the Budget approaches.
Public backs online gambling tax raid as rumours of duty hike swirl October 15, 2024 Hiking taxes on online casino gambling would raise the government as much as £900m and has the support of over half of UK voters, according to a report from an influential think tank. The study by centrist think tank the Social Market Foundation (SMF), proposed a doubling of the rate of tax on online gambling, [...]