Russia-Ukraine war to take tax cuts off the table, IFS warns March 10, 2022 Even higher inflation triggered by Russia invading Ukraine will take promised tax cuts off the table, a leading think tank warned today. Surging energy prices driven by concerns over the security of oil and gas supplies amid a ramping up in tensions between Moscow and the West will eat into Chancellor Rishi Sunak’s room to [...]
Harry Potter publisher Bloomsbury upgrades expectations once again as readers devour fantasy fiction February 14, 2024 Harry Potter publisher Bloomsbury has forecast its full year pre-tax profits to be "significantly ahead" of market expectations.
Withdrawing investor tax breaks could choke off start-up investment, VC bodies warn MPs June 27, 2022 Venture capital bodies have today warned MPs that the withdrawal of tax incentives for investors could choke off the flow of capital into UK start-ups and restrict the growth of the country's tech sector.
BP and Shell set to unveil massive profits and payouts amid growing calls for windfall tax May 2, 2022 Shareholders in BP and Shell are anticipating bumper payouts this week, amid mounting calls for a windfall tax.
National Insurance tax hike to hit UK apprenticeships, warns FSB February 7, 2022 The Federation of Small Businesses (FSB) has called out government's national insurance tax hike amid falling numbers of apprenticeships.
Forget a windfall tax, our pension funds need to give up their fossil fuel addiction May 6, 2022 Yesterday, Shell reported their highest ever quarterly profits after raking in $9.13bn. Only days before, BP had similar results, with the largest earnings in more than a decade. Even if you didn’t know much about the industry, with the surging price of oil and gas, you could have easily predicted this. Indeed, many politicians did, [...]
CPS: Shield exports from tax to boost Global Britain and small business March 7, 2022 Shielding spending on ramping up exports from taxes will unlock a well of economic growth by boosting engagement with trade among Britain’s small businesses, a new report recommends today. Allowing firms to cut their tax bills by offsetting investment in exports would strengthen incentives for small firms to participate in trade, according to the Centre [...]
UK risks carbon dioxide shortage due to energy taxes, warns vital fertiliser firm May 4, 2022 CF Fertilisers warned the government last year that green levies could lead to more firms collapsing, as it struggled to deal with energy prices.
MPs: Pubs need tax overhaul to thrive in post-pandemic recovery February 9, 2022 A cross-party report has urged the government to overhaul the tax system in order to help the pub industry recover from its pandemic woes. The All-Party Parliamentary Group on Pubs (Pubs APPG) heard from more than 15,000 publicans, consumers and sector bodies. The group examined the impact of the Covid pandemic on pubs and what [...]
Liz Truss warns Rishi Sunak’s tax plans lead UK into recession as she is out to challenge ‘economic orthodoxy’ July 21, 2022 Tory leadership contender Liz Truss insisted this a.m. that her economic plan to cut taxes immediately is not a gamble and will not further fuel inflation. Truss warned that the current tax plans – which include an increase in corporation tax from 19 per cent to 25per cent in April – will lead the UK [...]