Badenoch claims Reeves’s Budget was designed to ‘milk private sector’ Politics The Labour government’s “ideological” Budget was “designed to milk the private sector”, Tory leader Kemi Badenoch has claimed. Quizzing Sir Keir Starmer during Prime Minister’s Questions (PMQs) today, the Conservative leader accused the Labour leader of “having nothing to offer but platitudes”. She said: “Their ideological Budget was designed to milk the private sector and [...]
No10 warned over risk of ‘killing off’ family-run firms Politics Downing Street is attempting to weather a storm whipped up by entrepreneur James Dyson over changes to the inheritance tax treatment of family-run businesses. In an article in the Times, Dyson accused the government of “killing off family businesses, individual aspiration and economic growth” with their approach to death duties in the Budget. The high-profile [...]
Lord Pannick to take on government over VAT decision on private schools Legal The government is set to face Lord Pannick as legal action has commenced over its decision to charge private schools VAT on fees
Government hits £550m target in consultancy cuts October 30, 2024 The government is set to continue to bear down on consultancy spending as it expects to hit its £550m savings target on the external advice
Budget Day dawns: Bosses are ‘concerned and apprehensive’ October 30, 2024 Business leaders are concerned and apprehensive as Budget day dawns and firms from start-ups to Square Mile stalwarts wait with bated breath for Rachel Reeves to reveal the extent of the tax rises contained in the government’s first fiscal event after 14 years out of power. Pollsters asked bosses and senior executives to select from [...]
Budget 2024: No10 claim Hunt trying to ‘blame referee’ as OBR row heats up October 29, 2024 Jeremy Hunt is trying to “blame the referee” amid a row over an OBR review into the previous government’s departmental spending plans, No10 has claimed. The former Chancellor has criticised the Office for Budget Responsibility (OBR) for choosing to publish its findings as to whether it was given adequate financial information from Conservative ministers ahead [...]
Labour’s pro-business boasts ring hollow October 28, 2024 Rachel Reeves once vowed that if Labour won they “would be the most pro-business government this country has ever seen”. With just two days to go until the Budget, that pre-election pledge appears to be in the gutter. Reassuring the business community was an essential part of Labour’s pitch for power, but almost everything they’ve [...]
Starmer denies misleading the public over tax rises in Labour manifesto October 26, 2024 Sir Keir Starmer has denied misleading the public at the general election over tax plans after he suggested people who make money from shares and property could face greater levies. The Prime Minister rejected claims he was waging a “war on middle Britain” amid pre-Budget speculation he could increase the burden for those who have [...]
Can the government tax its way to a building boom? October 26, 2024 Labour have big plans for house building and infrastructure so what can we expect on property taxes in the Budget? Tim Sarson has the answers Cut through the post-election chatter about black holes and freebies and there is one theme that keeps coming up as a top political priority. Building things. I can’t remember a [...]
Rachel Reeves’ carry tax hikes are sensible, says private equity boss October 24, 2024 Rachel Reeves’ plans to tax private equity partners more onerously are sensible and concerns about them triggering an exodus of dealmakers from London have been overdone, a private equity boss has said. Rami Cassis, chief executive and founder of private equity boutique Parabellum, threw his weight behind the chancellor’s plans to bring carried interest – [...]