PM hikes National Insurance and dividends tax by 1.25 per cent to pay for NHS and social care reform September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]
Oil prices up three per cent to nine-week high on supply concerns July 8, 2023 Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn July 7, 2023 MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
Grocers set for £550m tax reduction over next three years January 3, 2023 UK supermarkets and grocers will benefit from an almost £550 million tax cut over the next three years, according to new analysis. It comes after more than half a million retail properties in England and Wales were revalued as part of a shake-up to the business rates system of property taxes. Analysis of official government [...]
Labour boosts election war chest raising £7.5m from business charm offensive September 7, 2023 Labour has enjoyed a boost to its books from top business leaders as accounts revealed the party took almost £7.5m in donations during the second quarter of 2023. Sir Keir Starmer’s party accumulated £10,435,900.07 between April and June this year, according to figures released today by the Electoral Commission, which keeps track of political parties’ [...]
Why British American Tobacco is campaigning for higher taxes on vapes March 27, 2024 The Build a Better Tomorrow plan is designed to reduce the health impact of the BAT business by offering customers around the world a choice of less risky products.
Why London tech unicorns are becoming much harder to spot August 30, 2023 'Unicorn Kingdom' looks a long way off after only one UK tech firm has managed to pass the $1bn valuation threshold this year
Analysis: Keeping Triple Lock still requires £550k pension for ‘comfortable’ retirement October 19, 2022 Even if the State Pension was uprated in line with September’s inflation figure of 10.1 per cent, pension savers would still need to build up a pot of around £550,000 to ensure a comfortable standard of living in retirement, according to new figures shared with City A.M. this morning. The data comes amid the increased uncertainty over whether the [...]
City firms rush to hire sustainability experts to handle incoming ESG rules April 19, 2023 Over half of City firms expect to hire sustainability experts in the next 12 months as firms prepare to face tighter environmental regulations over the coming years. According to a report shared exclusively with City A.M. from recruiter Hays, 52 per cent of firms surveyed will hire experts in sustainability reflecting the growing importance of [...]
Two Russian fighter jets and a spy plane intercepted by RAF after flying near Nato airspace April 18, 2023 Two Russian fighter jets and a spy plane flying close to Nato airspace have been intercepted by the RAF. Eurofighter typhoons from the RAF’s IX(B) squadron and the German Air Force’s 71 Richtofen Wing were scrambled to visually identify and intercept the jets as they flew over the Baltic Sea and Gulf of Finland. One [...]