Election 2024: Business rates the immediate focus for retail as sector responds Labour landslide July 5, 2024 In the run up to the election, they were cautious over the next government's approach to business rates, as Labour were tight-lipped on any possible tax rises.
Stall in tax-free childcare spells danger for closing gender pay gap February 14, 2022 Government spend on Tax-Free Childcare rose by just two per cent to £240.5m in the past year, despite enhanced take-up by parents, and rocketing prices further straining the return to the office. There are fears that the sharp slowdown in government spending in this area could make childcare unaffordable for some parents, especially as the [...]
Hospitality business owners to pay £215m more in tax this year thanks to NI rise April 6, 2022 British pubs, restaurants and hotels will be forced to pay £216m more in taxes this year thanks to today’s rise in National Insurance for employees and employers. New figures collated by the Liberal Democrats also showed that workers in the hospitality industry will be hit with a £137m extra tax bill this year, after the [...]
Chancellor to tighten belt despite tax windfall October 21, 2021 Despite the Chancellor receiving a windfall from the government’s fiscal watchdog raising its forecasts for the economy, he will not use the extra wriggle room renege on tax hikes at next week’s budget. The Office for Budget Responsibility (OBR) will upgrade its forecasts for UK economic growth to around seven per cent next Wednesday, up [...]
Deliveroo ends 2023 on a high, expects positive cash flow in 2024 March 14, 2024 Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year.
From Russia with losses: BP counts the cost of Rosneft exit amid escalating windfall tax row May 4, 2022 BP’s decision to pull out of its Russian holdings after the Kremlin’s invasion of Ukraine has blown a £20bn hole in its first quarter finances.
Why is public spending central to Jeremy Hunt’s spring Budget decisions? February 26, 2024 Researchers warned funding for “crowd pleasing” tax cuts “rests in large part on major cuts to public spending pencilled in after the next election”.
Soaring inflation and tax hikes to squeeze UK economy November 18, 2021 TAX hikes, soaring inflation and an end to pandemic-related government support is souring the UK economy’s prospects, according to City analysts. Brits’ spending power will be eroded by the intensifying cost of living crisis, restricting their ability to splash the cash and drive the economy, analysts at Deutsche Bank warned today. Inflation is accelerating at [...]
Shell upholds pledge to invest in UK energy sector after Sunak unveils £5bn windfall tax May 26, 2022 Shell has reaffirmed its commitment to ramp up investment in the UK's energy sector despite the unveiling of a hefty new windfall tax.
BP brushes off calls for windfall tax amid deepening energy crisis February 8, 2022 BP chief executive Bernard Looney has rejected growing calls from the Labour Party for a windfall tax on North Sea fossil fuel operators.