Reeves urged to soften private equity tax raid over fears of City exodus August 30, 2024 City groups are mounting a final call for the Chancellor to temper a tax raid on private equity fund managers amid fears of an exodus of dealmakers from London. Rachel Reeves’s Treasury has been consulting on plans to lift the levy on carried interest, the personal profits that fund managers make on the sale of [...]
Four-day working week will not be imposed on employers, says Government August 30, 2024 The Government has denied it will force businesses to allow staff to work a four-day week but said it supports flexible working. Education minister Baroness Jacqui Smith dismissed a report in The Telegraph that Labour’s Make Work Pay plans could force businesses to accept employees’ demands for a four-day week. She told LBC radio: “We [...]
Starmer’s illiberal smoking restrictions are just the start August 29, 2024 Freedom cannot be entirely indexed to smoking, but an administration’s approach to tackling it says a lot about how they plan to govern, says Joseph Dinnage Imagine you and your colleagues have just finished a day of graft on the trading floor and you’re all looking to relax. What to do? You all rightly decide [...]
Starmer can’t keep blaming everything on the Tories August 29, 2024 Starmer will soon find out that he can’t keep piously contrasting himself with the previous government while snatching benefits from pensioners, promoting party donors and paying off his pals in the trade unions, says William Atkinson The most important number for Keir Starmer’s government isn’t 411 seats he won, the £22bn black hole that Rachel [...]
When it comes to delivering growth, talk is cheap August 29, 2024 Keir Starmer might not have much in common with Liz Truss, but they both put the pursuit of economic growth at the heart of their plan for government.
CBI: Roadmap needed as firms struggle amid rising wealth tax rumours August 29, 2024 Publishing a long-term tax roadmap would address the “confidence shortfall” among UK firms, the Confederation for British Industry (CBI) has urged the government, amid swirling rumours of a wealth tax. Businesses are facing “cost pressures” and “middling conditions” and in need of a “major boost to confidence”, the CBI has said, following hints from Sir [...]
Average Northerner to be £210,000 less wealthy as Labour urged to reform taxes amid fears of autumn raid grow August 29, 2024 New analysis from the Institute for Public Policy Research (IPPR) showed that the UK's tax regime is "driving regional inequalities" by taxing wealth and income at different levels.
The government is right to reject the EU’s plans for free movement by the backdoor August 29, 2024 The EU’s terms for reinstating a youth mobility scheme – from four-year visas to cut-price tuition fees – are utterly unreasonable, says Will Cooling Yesterday saw Sir Keir Starmer in Germany, where he tried to reinforce the positive impression he made on the global stage in the whirlwind days immediately after his election as Prime [...]
UK-Germany: No post-Brexit youth mobility scheme but defence deal at ‘heart’ of treaty August 28, 2024 A new UK-Germany treaty will have a fresh defence agreement “at its heart”, Sir Keir Starmer has said, as he insisted there are no “plans” for a youth mobility scheme. The Prime Minister spoke at the German chancellery in Berlin alongside Chancellor Olaf Scholz during a press conference to announce the launch of talks for [...]
Starmer to woo investors as new UK-Germany deal talks launched August 28, 2024 Sir Keir Starmer is set to woo major investors during a European trip which will see him launch negotiations for a major new UK-Germany treaty. The Prime Minister is set to meet bosses from Siemens Energy and Rheinmetall, as well as investors from Thales, Eutelsat, Mistral AI and Sanofi during visits to Berlin and Paris. [...]