Rocco Forte: Labour’s ‘ideological approach’ risks hammering private sector investment October 27, 2024 Luxury hotelier Sir Rocco Forte has said Labour’s rumoured tax raid at the Budget this week will discourage investment from the private sector and unnerve businesses looking to come into the country. Speaking on the BBC’s Sunday with Laura Kuenssberg, the English businessman said Rachel Reeves and Keir Starmer are taking an “ideological approach” and [...]
A Budget for stability must mean less is more October 27, 2024 As it prepares for its first Budget, it’s critical the government considers something important but quite dull: practicality If you’d attended the government’s International Investment Summit last week and your bingo card had the words ‘regulation’, ‘stability’ and ‘growth’ on it, you’d have been over the moon. Yes, both the Prime Minister and Chancellor were [...]
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 [...]
Inside UK non-doms’ battle for survival October 26, 2024 Had a passer-by inadvertently walked into Foreign Investors for Britain’s inaugural press conference earlier this month, they would have been forgiven for thinking they’d encountered an incongruous group therapy session. At one stage, an eastern European property tycoon asked the room: “Why am I suddenly being treated like a tax cheater? I’m being painted out [...]
Starmer: People who receive income from shares aren’t working people October 25, 2024 Sir Keir Starmer has said that people who get additional income from shares or other assets do not count as 'working people'.
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 [...]
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 – [...]
How might the Autumn Budget affect the housing market? October 24, 2024 The property market is, finally, doing well. In September, a closely-watched survey of estate agents found that sentiment in the market turned positive for the first time in two years. Market sentiment has improved as mortgage rates have started to fall. House prices have ticked up to their highest level in more than two years. [...]
Rachel Reeves gives clear signal that public investment will increase October 24, 2024 "Our upcoming Budget will be a reset for our economy as we invest in the foundations of future growth," she will say at the International Monetary Fund's (IMF) latest annual meeting.
British athletes issue stark warning to government over funding October 23, 2024 British sport could lose hundreds of elite athletes before the LA 2028 Olympics and Paralympics unless the Government increases funding for the next four-year cycle. The stark warning comes after 85 per cent of funded athletes in a new survey said they would not or might not continue competing if forced to make do with [...]