OBR warns national debt is on ‘unsustainable path’ unless government takes action September 12, 2024 The OBR forecast that government spending would rise to 60 per cent of GDP, from 45 per cent at the moment, whereas revenue will remain flat.
Property market turns positive for first time in two years September 12, 2024 House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
Harworth Group doubles profit as revenue soars from land sales September 12, 2024 Land regeneration specialist Harworth Group has seen its revenue sky rocket following a flurry of land sales. The London-listed developer, which is headquartered in Rotherham in South Yorkshire, saw its revenue hit £41.3m in the six months ending June 30, 2024, up from £18.2m in the same period last year. As a result the company [...]
What happens now that the Paris 2024 show is over? September 12, 2024 The Paris 2024 show’s over. What next? The small subset of Olympians in sports with lucrative circuits have already returned to action: US Open tennis, club and international football, golf’s Tour Championship, La Vuelta cycling and Diamond League athletics to the fore. The significance of the Games for these athletes will differ from sport to [...]
Calls grow for Reeves to shield employees’ shares from capital gains tax hike September 12, 2024 Calls are growing for the government to carve out an allowance on capital gains tax for employee share schemes amid fears a sweeping hike could gut the UK of talent and hammer smaller companies’ ability to retain staff.
Mark Kleinman: Summit’s up with flagship Labour conference September 12, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
‘Hard to justify’: IFS calls for Reeves to limit pension tax-free lump sum September 11, 2024 Rachel Reeves is rumoured to be considering a shake-up of pension tax reliefs in the October Budget as she seeks to address a challenging fiscal inheritance.
Jet2 founder Philip Meeson sells millions more shares September 11, 2024 The founder of budget airline and holidays operator Jet2 has further lowered his stake in the listed business after selling a further five million shares. Philip Meeson has sold the ordinary shares to a limited number of institutional investors. The deal involves approximately 2.3 per cent of the issued ordinary share capital in Jet2. In a statement [...]
GDP unexpectedly stagnates in July following strong first half of 2024 September 11, 2024 The figures returned the UK to growth after GDP was flat in June and represent a positive start to the second half of the year.
The Gym Group swings to profit as growth plan pays off September 11, 2024 Budget fitness centre operator The Gym Group swung to a profit in the first half of 2024 and said it was “well set” to deliver full-year earnings at the top end of market forecasts. The London-listed firm, which has 240 locations across Britain, reported a pretax profit of £0.2m for the six months, compared to [...]