UK banks brace for Budget tax raid despite lobbying efforts October 21, 2024 UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Retail sales rise unexpectedly despite Budget tax fears October 18, 2024 Retail sales came in ahead of expectations.
Nightmare fuel: Have Labour’s first 100 days proved a shaky start? October 9, 2024 During Liz Truss’ short-lived premiership, my friend confessed the then-Prime Minister was actually living out a recurring nightmare she occasionally had. The ‘plot’ of said nightmare? “The idea that you think yourself capable of something and you get to the top and you’re on the front page of every newspaper, and every news channel and [...]
Rachel Reeves promises to ‘revolutionise’ UK capital markets and boost London listings October 8, 2024 Ministers and regulators have made urgent efforts to inject more life into Britain's capital markets amid a dearth of IPO activity and heavy outflows from UK equity funds.
Labour capital gains hike would probably cost Treasury money, experts warn October 3, 2024 As the budget approaches, speculation is mounting that Chancellor Rachel Reeves is planning to reform CGT to help fill an alleged £22bn blackhole in the public finances.
How will Labour fill the non-dom shaped hole in their tax plans? Brace yourself. September 30, 2024 Cast your mind back to the Spring and early Summer of this year when the election campaign was underway. It seemed the Tories were announcing a new policy every day, from the return of National Service to inventive new ways of protecting pensioners’ incomes, Conservatives filled the airwaves with ideas, policies and announcements. In the [...]
West End: Tourist tax ‘disadvantage’ costs retailers hundreds of millions September 16, 2024 Retail business in London missed out on a projected £220m in the first half of 2024 due to the ongoing effect of the so-called tourist tax, despite continued growth in international visitor numbers. The number of international visitors to London was three per cent above pre-pandemic levels, but spending in the West End fell nearly [...]
‘Open for business’: Ministers head to Gulf states in bid to boost UK trade links September 16, 2024 Senior ministers are heading to the Gulf states for talks on boosting the UK’s economy via expanding trade links with the region and attracting international investment. Business secretary Jonathan Reynolds and trade minister Douglas Alexander are flying to Riyadh, Saudi Arabia, on their first joint international visit since the election, with Alexander then set to [...]
Donated clothes helped Starmer’s ‘look their best’, Lammy claims September 15, 2024 Donated clothes given to Prime Minister Sir Keir Starmer and his wife Victoria were to help them “look their best” to represent the UK, David Lammy has argued. Speaking to the BBC, the foreign secretary said in countries like the US, leaders “have a huge budget paid for by the taxpayer so that they look [...]
Government must ‘offer hope’ to attract investment, CBI chief to argue September 12, 2024 The government must “have and offer hope” in order to attract global investors to bet on and back Britain, the chief executive of the Confederation for British Industry (CBI) will argue. In a rejection of No10 and the Treasury’s gloomy economic language, Rain Newton-Smith will use the CBI’s annual dinner in Glasgow to call for [...]