US start-up to invest £300m in micro-nuclear plants in South Wales October 15, 2024 A US start-up has announced plans to invest £300m in developing a series of cutting edge micro-nuclear power plants in South Wales. Last Energy intends to bring into service four micro-modular nuclear units on a vacant site in Bridgend Country, which housed the coal-fired Llynfi Power Station until 1977. It estimates the project will create [...]
Raising capital gains tax would be a hammer blow for entrepreneurs October 15, 2024 If the Chancellor raises capital gains tax at the Budget, entrepreneurs will either decline to sell or move to a friendlier jurisdiction – either way Britain will lose out, says Andreas Adamides Many people debate whether John Lennon or Paul McCartney was the better songwriter. But for me, it’s George Harrison I’m thinking of right [...]
Ministers refuse to rule out hike to employer national insurance rate October 14, 2024 The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto [...]
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
Tories hit out at government over £3bn gambling tax raid plan October 14, 2024 The Conservatives have launched a barrage of criticism at the government on mooted plans for a tax raid worth up to £3bn on the gambling industry, with the shadow sports minister demanding the government “take the blinkers off”. Shares in British gambling firms plummeted on Monday morning amid reports of the tax raid, which would [...]
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas October 14, 2024 The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Hargreaves Lansdown: Don’t leave retail investors out of the Budget October 14, 2024 Hargreaves Lansdown has called for the government to not leave retail investors behind in this month's Budget.
Let them tax cake! Top accountant gives alternatives to business-bashing tax hikes October 14, 2024 While rumours swirl of potential hikes to Capital Gains Tax and the employer National Insurance rate, one top tax accountant has said the government should look elsewhere instead of targeted business-related taxes. His suggestion: Cake.
Gambling stocks Flutter, Entain and Evoke nosedive on Budget tax fears October 14, 2024 Shares in British gambling firms plummeted on Monday morning after reports that the government was eyeing up £3bn tax rises on the sector in a move that one investment bank said would “all but wipe out bookmaker profitability in the UK”. William Hill-owner Evoke saw its share price crater by over 13 per cent in [...]
Introduce inheritance tax bands to make system fairer, think tank says October 14, 2024 Demos said these changes would support the government's objective of lowering the tax burden on working people while also making the system "more progressive".