What will happen to wealth taxes? October 30, 2024 The Chancellor is considering a range of tax hikes on wealth, but questions remain over how much revenue she can raise, says Nick Pheasey The taxation of an individual’s wealth can be an emotive subject. Broadly, the UK imposes tax on wealth on two occasions. First, as it is generated, by income tax or capital gains [...]
Nearly half of fintech founders mull leaving UK ahead of crunch Budget October 29, 2024 Growing frustrations with new government policies and regulatory concerns could further drive an exodus of UK fintech founders, a grassroots industry group has warned. According to an annual report conducted by industry group Fintech Founders, some 39 per cent of the 450 leading entrepreneurs surveyed had expressed concerns over a “poor” and “awful” regulatory environment. [...]
Speedy Fortune coming Eustace’s way at city Circuit October 29, 2024 RACEGOERS can look forward to another exciting and all-action programme in Hong Kong today, when Happy Valley hosts an eight-race card starting at 11.10am. Regular Happy Valley fans will have mixed feelings when they arrive though, as racing takes place on the dreaded C+3 track. The width of the track is only around the length [...]
Short Track World Tour: The league revolutionising for relevance October 29, 2024 When you think of sporting innovation, what comes to mind? The Hundred, maybe, or Saudi’s tennis showcase 6 Kings Slam? Well what about short track speed skating? Because the International Skating Union (ISU) has just launched the first leg of a totally revamped world tour in which 28 franchises compete across six meetings. The ISU [...]
Tom Brady team wins E1 championship October 29, 2024 Tom Brady’s E1 team won the inaugural championship after a curtailed opening season. After only five races the former NFL star’s team were crowned winners of the all-electric boating series. He fended off teams with involvements from the likes of Sergio Perez, Virat Kohli and Rafael Nadal. Winning team owner, Brady, said “It feels amazing [...]
Competition intensifies in Saudi’s surging insurance industry October 29, 2024 In recent years, Saudi Arabia has been building an insurance industry from scratch. In the process, the country has generated home-grown companies and attracted international giants such as Bupa to help cater to rising demand. So far, the expansion of insurance in the Kingdom has been dizzying. According to Saudi Arabia’s central bank (SAMA), in [...]
Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
YouGov shares jump after revenue and profit growth revealed October 29, 2024 YouGov shares jumped 13 per cent on Tuesday as the data firm reported revenue and operating profit narrowly ahead of full-year expectations. In unaudited results for the year to 31 July, 2024, Yougov posted a three per cent organic revenue increase, with reported revenue up 30 per cent to £258.3m, driven by its recent CPS [...]
HSBC chief Elhedery says no plans for Asia spin-off in global revamp October 29, 2024 HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West is not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]
Rachel Reeves puts £240m into new back to work ‘trailblazers’ October 29, 2024 Chancellor Rachel Reeves has announced a £240m funding boost for the rollout of local services tasked with getting the long-term sick back into work. Ahead of the Budget, Prime Minister Keir Starmer confirmed that tackling rising economic inactivity would be a core economic priority for his government. “We will always help those who cannot support [...]