The Notebook: Investors pile into ISAs ahead of touted capital gains tax raid September 18, 2024 Investors spooked by the rumoured hike in capital gains tax are piling into ISAs, writes Interactive Investor's Myron Jobson.
Keir Starmer: Policies that inhibit growth will be in the ‘no column’ September 17, 2024 “If it promotes economic growth, it’s in the Yes column — if it is inhibiting growth, it’s in the No column,” he reportedly said.
Yes, the UK needs more investment – just not necessarily by government September 17, 2024 After all, the public sector isn't always best suited to overseeing large scale investment projects like the disastrous HS2, writes Julian Jessop
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says September 16, 2024 "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.
Calls grow for Reeves to shield employees’ shares from capital gains tax hike September 12, 2024 Calls are growing for the government to carve out an allowance on capital gains tax for employee share schemes amid fears a sweeping hike could gut the UK of talent and hammer smaller companies’ ability to retain staff.
Goldman Sachs expects tax hikes of ‘at least’ £20bn in Reeves budget September 10, 2024 Many potential tax reforms have faced criticism for their potential unintended consequences.
Lloyds, Barclays and Natwest could weather Labour tax raid, analysts say September 10, 2024 Lloyds, Barclays and Natwest would see their 2024 profits fall by “low single digits” if the Labour government decides to raise taxes on banks in October’s Budget, according to Bloomberg Intelligence. Bloomberg analysts said Lloyds Banking Group and Natwest would likely offset the hit to their profits by repricing their loans, while they did not [...]
Capital gains tax branded ‘ripe for reform’ ahead of Budget September 10, 2024 Capital gains tax is “ripe for reform”, a leading think tank has said, as Chancellor Rachel Reeves considers possible revenue raisers ahead of October’s Budget. With a range of potential tax rises on the table, the Resolution Foundation has joined a chorus of voices arguing that the levy needs to be reformed. In a report [...]
Investors pounce on start-up incentive scheme amid fears of Labour tax rises September 9, 2024 Flows into a government-backed scheme offering tax reliefs for investors in UK start-ups have surged since the general election, new data has revealed, as fears grow of possible tax rises under the new Labour government.
Government must fix ‘antiquated’ business rates, firms and CBI urge September 6, 2024 The government must fix the “antiquated” business rates system which is dampening productivity and growth, firms and the Confederation of British Industry (CBI) has urged. A cross-sector panel including retail and manufacturing firms met to develop proposals to improve the current system in a bid to boost investment and supercharge the economy. CBI chief executive [...]