Labour capital gains hike would probably cost Treasury money, experts warn October 3, 2024 As the budget approaches, speculation is mounting that Chancellor Rachel Reeves is planning to reform CGT to help fill an alleged £22bn blackhole in the public finances.
The main task of the next Tory leader is to repaint the party’s image October 2, 2024 The dominant narrative around a government’s record is more important than the facts, writes Paul Ormerod
Starmer to hold talks with EU to patch up post-Brexit relationship October 1, 2024 Prime Minister Keir Starmer is set to hold talks with EU leaders in Brussels this week as he looks to improve Britain’s relationship with the bloc. Starmer, who is keen to move past Brexit, will discuss plans for the coming months with European Commission President Ursula von der Leyen, European Council President Charles Michel and [...]
Is Rachel Reeves planning a £24bn pension tax raid? October 1, 2024 It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]
Labour’s relationship with business was never a love match September 30, 2024 A shambolic ‘business day’ at Labour Party conference reveals the government’s true feelings about the City, says Eliot Wilson Only those addicted to Sir Keir Starmer’s own-brand Flavor Aid would claim that last week’s Labour Party conference was an unqualified success. Assessments were mixed, but it was not the joyful fiesta a new government might [...]
Senior minister ‘disappointed but not surprised’ at Duffield resignation September 29, 2024 A senior cabinet minister has said he is “disappointed” but “not surprised” at Rosie Duffield’s resignation from the Labour Party. The Canterbury MP’s decision to resign and sit as an independent had been coming “for quite a long time”, Pat McFadden told the BBC’s Sunday with Laura Kuenssberg show. Duffield announced she was resigning the [...]
Starmer meets Trump in New York: ‘I’m a great believer in personal relationships on the world stage’ September 27, 2024 Sir Keir Starmer has met with Donald Trump during his visit to New York. The Prime Minister visited the Republican presidential candidate’s Trump Tower for talks ahead of November’s US election. Sir Keir said he wanted to meet Mr Trump face to face because “I’m a great believer in personal relationships on the world stage”. [...]
Blackstone: Private equity giant backs £10bn AI data centre deal in UK September 26, 2024 Private equity giant Blackstone has injected £10bn into the UK to build one of the largest artificial intelligence data centres in Europe. The investment will build a data centre in Blyth, in the north east of England, creating more than 4,000 jobs. Construction of the site is expected to begin next year. It comes after [...]
Pay tax on your gifts, top accountancy firm warns politicians amid Labour row September 26, 2024 Politicians should pay tax on gifts in the same way that other industries and individuals do, a leading accountant has said. Currently, firms and workers in sectors where gifting is commonplace and an element of their profession – such as the media industry or online influencers – are made pay to income tax and, in [...]
Cut Starmer some slack, three months hasn’t undone his victory September 26, 2024 The Labour Party is having some teething issues, but three months is hardly enough to judge Starmer by, writes Will Cooling.