Scotch Whisky sector demands support amid export slump September 12, 2024 The Scotch Whisky Association has called on the government to provide additional support to the industry following a slump in exports. The Scotch Whisky industry is a major contributor to the UK economy. The Scottish Whisky Association (SWA) states that the industry is worth £7.1bn annually and supports 66,000 jobs across the UK, mainly in [...]
Reeves is right to squeeze private equity – but a sweeping capital gains hike will hurt the City, says Cavendish chair September 5, 2024 The government is right to launch a raid on the profits made by private equity bosses but a sweeping hike in capital gains and inheritance tax could suck investment out of the City, the chair of investment bank Cavendish has warned. Lisa Gordon, who chairs the London-listed broking group, urged Rachel Reeves to be “more [...]
Is the Employment Tribunal fit for radical change to workers’ rights? August 28, 2024 All eyes are on the upcoming Employment Bill, a reform that could be seismic for employment rights. But a question that should be addressed, is the Employment Tribunal fit for this overhaul?
Visa guidelines must be reassessed to avoid ‘another blow’ to UK talent, tech founders warn August 14, 2024 What impact will the new visa guidelines have on business growth in the UK if not reassessed?
Government cancels £1.3bn in AI funding as spending cuts bite August 2, 2024 The new Labour Government has shelved £1.3bn of “unfunded” investment for UK tech and AI projects promised by the Conservatives. The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will not be taken forward. It included £800m [...]
Royal Mail: Postal votes boost revenue at IDS as ‘Czech Sphinx’ Kretinsky commits to six-day service July 18, 2024 The owner of Royal Mail has pointed to record levels of postal votes and campaigning literature as being the forces behind sizeable increases in volumes and revenue, as its bidder re-committed to the universal service obligation for at least five years.
Starmer ‘delighted’ by ex-Tory MP Natalie Elphicke’s defection to Labour May 8, 2024 Conservative MP Natalie Elphicke has defected to join the Labour Party, with an attack on the “broken promises of Rishi Sunak’s tired and chaotic government”.
Canary in the coal mine? Trust asset value crashes following Gove’s proposed ground rent reforms April 24, 2024 The policy would have seen the government reduce annual payments to ‘peppercorn’ rates or almost nothing.
Abrdn and two more City giants shun Sizewell C nuclear project April 15, 2024 The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.