Rachel Reeves reveals plans to cut spending by £5.5bn and address ‘unforgivable’ inheritance July 29, 2024 Rachel Reeves announced spending cuts worth £5.5bn as the new government seeks to address a £22bn black hole in the public finances.
Make no mistake, tax rises are on the way July 23, 2024 Evidence is piling up that Chancellor Rachel Reeves will almost certainly be forced to raise taxes this autumn, Chris Dorrell writes
Harland & Wolff: Propping up Titanic shipbuilder posed ‘substantial risk taxpayer cash would be lost’ July 22, 2024 The Belfast shipyard, which built the Titanic, is facing collapse after the new Labour government refused to guarantee a critical £200m loan.
Reeves must accelerate pension consolidation to unlock UK investment, says Schroders chief July 13, 2024 Rachel Reeves should accelerate efforts to merge smaller pension funds to allow the country’s retirement cash to flow into British companies, the chief executive of Schroders has said.
Schroders chief: FCA must not ‘muddle’ consumer powers with City competitiveness July 11, 2024 The boss of Schroders has called on the Financial Conduct Authority to more clearly separate its consumer protection powers from its duty to enhance the competitiveness of the City, as he issued a rallying cry to end “safetyism” in financial regulation.
Let’s be honest, Britain needs change more than stability July 11, 2024 At the heart of Labour’s challenge is the tension between its cry for ‘stability’ and its mandate for ‘change’ – there’s a real risk we could end up with neither, says Matthew Lesh Rachel Reeves’ first speech as Chancellor received a warm reception, including from some unexpected quarters. An incoming Labour government may not have [...]
Reeves under pressure to shift the dial on pension investment July 10, 2024 Rachel Reeves and Labour will be tasked with driving through the so-called Mansion House compact and unlocking pension cash.
Labour pledges to ’embrace’ fintech in bid to deliver £330bn boost July 10, 2024 Rachel Reeves' Treasury has pledged to "embrace" the fintech sector today after a trade body said the industry could bolster the government's coffers to the tune of £330bn over the next five years.
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
Sir Nicholas Lyons to host secret pension summit in push to unlock £75bn investment July 9, 2024 Some of Britain’s biggest pension firms are set for a secret summit in the Square Mile this week to discuss how to pump billions of pounds of retirement cash into the country’s start-ups, City A.M. can reveal.