Digital nomads costing UK economy £3bn a year March 6, 2025 The UK is missing out on over £3bn of consumer spending and £320m of lost VAT a year because of the rising popularity of ‘digital nomad’ schemes among British citizens. According to a fresh study from Public First, the modish regimes – which promise professionals long-term work visas without having to become fully-fledged tax residents [...]
Scrapping Latin and maths is weakening the workforce of tomorrow March 6, 2025 With youth unemployment on the rise, now is not the time to scrap proven job-boosting skills like Latin and maths, writes Jamila Robertson.
How to achieve growth in the UK? Copy the UAE March 6, 2025 The UAE has shown what a country with its eye set on growth looks like. Rachel Reeves could learn more than a few things, writes Brandon Lewis.
Mark Kleinman: Football watchdog search approaches injury time March 6, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he tackles the football watchdog search, big pay at GSK and CityFibre’s M&A warchest Football watchdog search approaches final whistle They think it’s all over. To paraphrase the immortal line of Kenneth Wolstenholme, the 1966 World [...]
UK growth outlook slashed amid tax and trade ‘double whammy’ March 5, 2025 The Chancellor’s growth agenda was dealt a fresh blow on Thursday after the British Chambers of Commerce slashed its forecast for the UK economy due to the tax and trade “double whammy” afflicting UK businesses. The business group now expects the UK economy to grow by just 0.9 per cent in 2025, a hefty downgrade [...]
UK government plans to end North Sea windfall tax March 5, 2025 British oil and gas drillers could face a new tax regime following the energy crisis, which pegs levies to fluctuations in global oil and gas prices. The mechanism is intended to replace the notorious “windfall tax” and was outlined in a consultation on the North Sea published on Wednesday. The consultation also seeks to unravel [...]
Pension death tax will punish millions of savers, says advisory firm March 5, 2025 Planned government changes to pension taxes must be dropped, according to City experts. Advisory firm Blick Rothenberg has slammed the move as a “poorly conceived policy change [that] penalises prudent savers and their loved ones through double taxation.” The pension reforms – announced in October’s Budget and set to kick in from April 2027 – [...]
Legal sector continues to grow despite rising costs March 5, 2025 New research indicates that the legal sector remains resilient in uncertain ties after law firms' average earnings experienced single-digit growth.
CMA clears probe into Microsoft’s OpenAI investment March 5, 2025 After months of scrutiny, Microsoft’s $13bn (£11bn) partnership with OpenAI has been cleared by the UK’s Competition and Markets Authority (CMA). The antitrust watchdog ruled that Microsoft‘s investment did not meet the threshold for a full-scale merger investigation, despite concerns over the tech giant’s influence on the AI startup. The CMA acknowledged that Microsoft gained [...]
No luxury markets outperformed the FTSE 100 last year March 5, 2025 The once reliable luxury market suffered last year, with even the top performers in the market only posting modest gains in a weak market. The Knight Frank Luxury Investment Index (KFLII), which tracks the performance of 10 popular investments, fell 3.3 per cent for the second year in a row. The FTSE100, meanwhile, posted gains [...]