Treasury fails to deny capital gains tax hike as Reeves readies ‘broken’ finances warning July 28, 2024 Rachel Reeves is set to warn of the "broken" state of the UK's public finances in a speech on Monday, as rumours of a hike in capital gains tax continue to swirl.
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
‘Bag ready’ private equity execs more worried about Reeves’ carry policy than Corbyn July 9, 2024 Private equity execs are "bag ready" to leave the UK to avoid Labour's carried interest policy, with some City lawyers giving more legal advice than then when Corbyn was leader, leading industry figures and advisers have said.
City ‘stands ready’ to work with new Labour government on growth July 8, 2024 Business lobby groups and the City of London have said the sector “stands ready” to work with Keir Starmer’s new Labour government on realising growth.
Hiking capital gains tax would harm small businesses June 24, 2024 A blanket increase in CGT rates would not only affect gains on publicly quoted stocks or investments in second homes, it could also impact investors who have taken much more significant risks with their capital to back small, growing companies to achieve their potential, says Claire Madden It’s looking inevitable that Labour will win the [...]
Election 2024: Will Labour change your council tax band? June 19, 2024 Labour's position on council tax is coming under intense scrutiny, amid calls to revamp the 1991 bands. Will the party have to re-evaluate them?
Private equity bosses have avoided paying income tax on a trillion dollars of gains June 13, 2024 “All the governments are talking about taxing carried interests. So my role is to provide the best estimate of the number,” Phalippou told the Financial Times.
Election 2024: Three things to watch out for in Labour’s manifesto June 13, 2024 Here are three things to watch out for in Labour’s manifesto that might shape the campaign to come.
Labour worked hard to woo business, but now comes the real test June 13, 2024 The Tory party manifesto, undeliverable and shaky though it was on the numbers, did have something going for it. The gradual abolition of national insurance to be replaced with a single income tax; more housebuilding; cutting the time it takes to get spades in the ground on major infrastructure projects. If you take it at [...]
‘It would be the death of entrepreneurship’: City alarm over Labour capital gains hike June 12, 2024 A move to hike capital gains tax could spell the “death of the entrepreneurship” in the UK, a top City figure has warned, after the Labour party failed to firmly rule out the move this week.