Inheritance tax on farms: Lidl, Tesco and Aldi join demands for consultation Food Supermarkets Lidl, Tesco and Aldi have added their names to calls for a consultation over the government’s reforms to inheritance tax, citing concerns the changes would dent farmer confidence and choke off investment. In an unusual string of interventions, the retailers rode to the defence of farmers’ calls to pause the changes to Agricultural Property [...]
London investors urged to shift assets as huge capital gains tax burden revealed Investing Investors from London and the Home Counties will be the hardest hit by April’s hike to capital gains tax and should consider moving their assets into tax efficient vehicles, a leading accountancy firm has warned. Taxpayers in the capital are set to pay a combined £430m of additional capital gains tax (CGT) this year, accountants [...]
‘It’s caused uproar’: Inside the fallout from WPP’s four-day office week mandate Media Earlier this month, WPP’s Mark Read sent an all-staff memo ordering employees back into the office for four days a week. With staff fearing an exodus of talent and a petition calling on the policy to be revoked, reaching nearly 20,000 signatures, Ali Lyon tells the inside story of a firm known for its brand [...]
‘Student Tax’ to hit graduates on minimum wage by April January 16, 2025 Thousands of graduates will find themselves stranded in their home town, unable to root out professional opportunities, when April’s hike in the minimum wage drags them into the threshold of student loan repayments, a top financial services firm has warned. The government announced an above inflation rise in the National Living Wage of 5.6 per [...]
Hargreaves Lansdown founder: Labour has ‘worst cabinet of all time’ January 16, 2025 The billionaire founder of Hargreaves Lansdown has said that the current Labour administration has the worst cabinet of all time and will “wreck the economy” over the course of a full term. Peter Hargreaves, who set up the investment platform Hargreaves Lansdown from his bedroom in 1986, slammed the Labour government’s first six months in [...]
Royal Mail IDS owner to return to profit as Kretinsky takes reins January 15, 2025 The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas. International Distribution Services (IDS) said Royal Mail’s “successful Christmas period” saw it process 188m tracked parcels, a 19 [...]
Tulip Siddiq: Bangladesh files criminal case against City minister January 14, 2025 Bangladeshi authorities have filed a criminal case against under fire City minister Tulip Siddiq, alleging that she has misused her position as a member of parliament to gain undue influence. She is also accused, along with her aunt the deposed Bangladesh Prime Minister, of having illegally obtained desirable plots of land. The revelation is the [...]
Petition against WPP four-day office policy hits 10,000 signatures January 13, 2025 A petition demanding that WPP revokes its new four-day office policy has attracted over 10,000 signatures in just four days, as backlash from staff grows against the ad giant’s decision to mandate a higher level of attendance at its offices worldwide. The Change.org petition, which claims to have been set up by a group of [...]
Transparency group calls for Siddiq to step back from anti-corruption brief January 13, 2025 Embattled City minister Tulip Siddiq should relinquish the economic crime and corruption element of her remit in light of ongoing investigations, the UK’s leading anti-corruption body has said. The UK Anti-Corruption Coalition (UKACC), a group of leading British transparency organisations, said in a statement that Siddiq “has a serious conflict of interests”, irrespective of the [...]
Liz Truss sends cease and desist letter to Starmer over economy crash claims January 9, 2025 Liz Truss has sent a cease and desist letter to Keir Starmer demanding he stops claiming she crashed the economy. Lawyers acting on behalf of the former Prime Minister wrote that the statement is “false and defamatory”, in a letter to Starmer in which they threatened to pursue legal action if he keeps making the [...]
