Autumn Budget: Reeves must cure British ‘pessimism’ disease Economics Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of Peel Hunt urges Reeves to use the Budget to start the cure for British pessimism. As Rachel Reeves ruminates over which tax prescription to write to fill her fiscal black hole, [...]
Capital gains tax raid should have ‘health warning’, Labour warned Economics Labour risks stunting growth and discouraging investment if it pursues further capital gains hikes, tax advisers have warned, as reforms proposed by top think tanks were pushed back on by industry figures. Rachel Reeves and Keir Starmer have talked up the prospects of attracting investment in the UK and making the wider tax system fairer [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget Business Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
Labour urged to come clean on exit tax August 5, 2025 Labour ministers have been urged to clarify whether the government will introduce an exit tax as Tax Policy Associates chief Dan Neidle warned rumours could be “damaging” for the UK economy. Chancellor Rachel Reeves looks poised to raise more than £20bn in taxes later this year amid a shortfall in the fiscal headroom left by [...]
London investors urged to shift assets as huge capital gains tax burden revealed January 21, 2025 Investors from London and the Home Counties will be the hardest hit by April’s hike to capital gains tax and should consider moving their assets into tax efficient vehicles, a leading accountancy firm has warned. Taxpayers in the capital are set to pay a combined £430m of additional capital gains tax (CGT) this year, accountants [...]
Autumn Budget 2024: Landlords and renters hit by tax rise October 30, 2024 Labour’s Autumn Budget has introduced major tax changes which will impact landlords and renters across the UK. Chancellor Rachel Reeves, as expected, announced an increase in Capital Gains Tax (CGT) on higher-rate tax payers from 20 to 24 per cent, and basic-rate tax payers from 10 to 18 per cent. Yet, the nil rate band [...]
Revolut: US investor tried to scoop up cheap shares with Budget tax warning October 27, 2024 A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]
How might the Autumn Budget affect the housing market? October 24, 2024 The property market is, finally, doing well. In September, a closely-watched survey of estate agents found that sentiment in the market turned positive for the first time in two years. Market sentiment has improved as mortgage rates have started to fall. House prices have ticked up to their highest level in more than two years. [...]