Tory conference: ‘Rigorous’ process for Revolut licence was ‘right’, ex-minister says September 30, 2024 The “rigorous” process Revolut went through to secure its banking licence was “right”, John Glen has said. Former paymaster general Glen told a Conservatives in the City event at the annual Tory party conference in Birmingham that the digital payments app now had “credibility to grow globally”. He said: “The UK is brilliant in innovation [...]
Tory conference: Hunt warns Labour against ‘catastrophic’ Budget tax hikes September 30, 2024 Jeremy Hunt has warned Labour against making “catastrophic mistakes” in the Budget and hiking up “tax in a way that destroys growth”. The shadow Chancellor issued a stark warning to the government as he spoke at the annual Conservative Party conference in Birmingham. Asked at an in-conversation event on Monday, if things could get worse, [...]
Conservative Party Conference: Tories gear up for bun fight in Brum September 30, 2024 The Tories are gearing up for a bun fight in Birmingham this week as the party gathers for its first conference since July’s catastrophic defeat. A so-called ‘beauty parade’ of the four remaining candidates vying to become Leader of the Opposition got underway this weekend with a flurry of receptions and rallies at the International [...]
Tory conference: What to expect from Birmingham and why does it matter? September 30, 2024 Battling through delayed and cancelled trains from London’s Euston, this weekend saw Tory and Westminster watchers embark on the journey to the Midlands. Rattling around the maze-like International Convention Centre (ICC), the party faithful are gathering for an event that promises to be a combination of a wake, for the past 14 years in government; [...]
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 [...]
Senior minister ‘disappointed but not surprised’ at Duffield resignation September 29, 2024 A senior cabinet minister has said he is “disappointed” but “not surprised” at Rosie Duffield’s resignation from the Labour Party. The Canterbury MP’s decision to resign and sit as an independent had been coming “for quite a long time”, Pat McFadden told the BBC’s Sunday with Laura Kuenssberg show. Duffield announced she was resigning the [...]
City sounds alarm over fears that non-dom reforms won’t raise money September 27, 2024 Leading city figures have urged the government to adapt its planned reforms to the non-dom tax regime, after it was revealed that Treasury officials are concerned that the reforms may not raise any money. Labour has promised to scrap the non-domicile (non-dom) regime – a tax status that allows wealthy foreign nationals only to pay [...]
Pay tax on your gifts, top accountancy firm warns politicians amid Labour row September 26, 2024 Politicians should pay tax on gifts in the same way that other industries and individuals do, a leading accountant has said. Currently, firms and workers in sectors where gifting is commonplace and an element of their profession – such as the media industry or online influencers – are made pay to income tax and, in [...]
Unions vote to condemn government’s winter fuel payments cuts September 25, 2024 Unions have voted to condemn the government’s decision to means test pensioners’ winter fuel payments, in a blow to No10 as the Labour conference came to a close. A non-binding motion brought by Unite and the Communication Workers Union (CWU) was backed by delegates in a vote on Wednesday morning in the main hall in [...]
Sick Brits to be helped back to work by ‘crack teams’ of doctors, Streeting says September 25, 2024 Sick Brits are set to be helped “back to health and back to work” by “crack teams of top clinicians”, Wes Streeting has announced in a bid to tackle rising economic inactivity. The health secretary today pledged reforms created by surgeons would be rolled out in hospitals across the UK “to treat more patients and [...]