Most Brits worried about tax hikes, survey reveals October 25, 2024 With the Budget just less than a week away, a recent survey reveals that most Brits are worried about potential tax hikes, yet the poll highlights a divide on tax strategy. According to a survey by AJ Bell conducted from October 2-4, representing 2,054 UK adults, two thirds of respondents expressed concerns around their personal [...]
Budget: Labour grandee warns pension tax hike rumours are ‘very worrying’ October 25, 2024 Rumours over a hike in employer national insurance contributions on pensions in next week’s Budget have been described as “very worrying” by Labour grandee David Blunkett. Blunkett, who served in Tony Blair’s cabinet as home secretary and secretary of state for work and pensions, said he would “advise strongly against” the changes in a letter [...]
Consumers ‘despondent’ ahead of tax-hiking autumn Budget October 25, 2024 Neil Bellamy, consumer insights director at GfK, placed the blame for the decrease squarely on the Budget.
Labour is playing a ‘dangerous game’ with capital gains tax, think tank says October 25, 2024 Currently the rate for higher earners is 20 per cent, but it’s 24 per cent for residential property on secondary homes.
Budget 2024: Warning pubs and breweries could face extra £310m bill October 25, 2024 Pubs and breweries could face an extra £310m bill after the Budget, an industry lobby group has warned. The British Beer and Pub Association (BBPA) has warned Chancellor Rachel Reeves that a hike in business rates and beer duty could leave Britain’s drinking spots struggling. Additional costs could stifle growth and threaten jobs, with some [...]
Autumn Budget 2024: Chancellor confirms she will reform fiscal rules October 24, 2024 "Sustainable growth does not come from short-termism," the Chancellor argued. "It comes from a responsible, long-term plan to invest in the future".
UK suffering from ‘vibecession’ ahead of the Budget, PwC says October 24, 2024 The firm's latest consumer sentiment survey dipped to -8 at the end of September, its lowest point this year.
UK economy downgraded on consumer spending worries October 24, 2024 The Big Four firm predicted that the UK would grow 0.9 per cent this year, down from the 1.1 per cent expansion it projected this summer.
It’s already too late to prepare your business for the Budget October 24, 2024 Transactions rushed through ahead of the Budget are more likely to be on HMRC’s radar and subject to additional scrutiny, says Stephen Kenny This Budget has created panic of a magnitude that I haven’t seen for many years. Widespread talk of closing ‘loopholes’ – despite the fact that most aren’t actual loopholes but previous tax [...]
IMF warns UK is at risk of ‘adverse market reaction’ without action on debt October 23, 2024 Government debt will rise through the 2020s, surpassing GDP and putting the UK at risk of an "adverse market reaction", the IMF warned.