Reeves shakes up state-owned banks in bid to unlock flood of start-up cash October 14, 2024 Chancellor Rachel Reeves has shaken up the mandate of two state-owned development banks today as part of efforts to divert billions of pounds of investment into high-growth British start-ups.
Let them tax cake! Top accountant gives alternatives to business-bashing tax hikes October 14, 2024 While rumours swirl of potential hikes to Capital Gains Tax and the employer National Insurance rate, one top tax accountant has said the government should look elsewhere instead of targeted business-related taxes. His suggestion: Cake.
Investment Summit: Industrial strategy is ‘not picking winners’, Starmer insists October 14, 2024 The UK is “not in the business of picking winners” but is focused on “building on our strengths”, Sir Keir Starmer has said, as he unveiled the government’s industrial strategy at its flagship investment summit in London. The Prime Minister told the conference in the City of London today that the government’s focus was on [...]
Khan says London is open for business as tech firms confirm expansion plans October 14, 2024 Three tech firms Mphasis, Constant Contact and Moonpay, are set to expand, invest and launch in London in the coming months, mayor Sadiq Khan has announced. The Indian IT giant, US-based marketing firm and Miami-headquartered fintech have all unveiled upcoming plans to boost their presence in the UK capital. Mphasis opened a new London office [...]
Macquarie set to pledge £20bn new UK investment at Labour summit October 13, 2024 Australian infrastructure giant Macquarie is planning £20bn of new investment in the UK in a reprieve for Keir Starmer ahead of Labour's flagship investment summit.
DP World: Ministers had ‘conversation’ to salvage investment after row October 13, 2024 Ministers were forced to “have a conversation” with executives from DP World to secure its investment after a senior minister referred to one of its subsidiary P&O Ferries a “rogue operator”, the business secretary has said. Business secretary Jonathan Reynolds said the investment – which was reportedly put in jeopardy following the scathing criticism of [...]
Reynolds refuses to rule out raising employer national insurance rate October 13, 2024 Jonathan Reynolds has refused to rule out raising employers’ National Insurance (NI) contributions in the Budget.
Budget will boost living standards, revive NHS and ‘rebuild Britain’ – Starmer October 12, 2024 The Budget will focus on boosting living standards, reviving the NHS and “rebuilding Britain”, Keir Starmer said as he signalled investment in schools, housing and transport. Chancellor Rachel Reeves will deliver her first Budget on October 30 following gloomy warnings about the tough decisions and tax rises needed to deal with the economic legacy left [...]
Workers’ rights bill is ‘most extensive reform to trade union rights since Thatcher’ October 11, 2024 There are 'extensive' reforms planned for Trade Unions in the new Employment Rights Bill, which includes giving unions 'greater freedom to organise'
Tory leadership: End race early so victor can respond to Budget, says Jenrick October 10, 2024 Robert Jenrick has called for the Tory leadership race to end early so that the winner can be in place to respond to Rachel Reeves’ first Budget. The Chancellor will deliver Labour’s first fiscal statement on 30 October, and the leadership hopeful has argued for a speedier end to the race ahead of the major [...]