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Labour Party

  • How to shield your pension from Labour’s inheritance tax raid

    January 27, 2025

    Financial advisers are cautioning against taking extreme measures in response to the government’s plans to slap inheritance tax on unspent pension pots from April 2027. However, there are some measures that savers can take as part of their overall estate planning strategy. Pension pots are usually exempt from inheritance tax. But in last October’s Budget, [...]

  • This government has proven woefully naive. Just look at the ‘Office for Value for Money’

    January 27, 2025

    Reeves' failing Office for Value for Money showcases just how naive this government is, writes Eliot Wilson.

  • The Week in Business: Reeves tries to rescue the non-doms

    January 24, 2025

    It’s a funny old world when the pleas of pensioners, farmers and shopkeepers fall on deaf ears but a Labour chancellor flies to Davos to break the news that she’s “listened to the concerns of the non-dom community” – and will be watering down her assault on their tax arrangements. Let’s take a look at [...]

  • Firms finding it ‘almost impossible’ to survive after Labour tax hikes

    January 24, 2025

    Less than three months after the Budget, critical financial distress for UK businesses climbs by 50 per cent, with the construction sector leading the table

  • Courtroom challenges to planning decisions to be limited, No10 announce 

    January 23, 2025

    Courtroom challenges to infrastructure planning decisions are set to be limited, No10 has announced in what they framed as a bid for growth. Attempts to challenge major infrastructure schemes via the judicial system, such as nuclear plants, train lines and windfarms, will be restricted, Sir Keir Starmer has confirmed. The Prime Minister said the measure, [...]

  • Rachel Reeves: UK won’t be Trump tariff target due to trade deficit

    January 22, 2025

    Rachel Reeves has argued that the UK won’t be a target for Trump’s trade tariffs because we have a “trade deficit” with the US. The Chancellor argued President Donald Trump was “concerned about the trade surpluses” with various countries around the world, but stressed that was “not the case” with the UK. It comes after [...]

  • ‘Pension death tax’ raid attacked by Hargreaves Lansdown and AJ Bell

    January 22, 2025

    Britain’s biggest wealth management firms have mounted a coordinated attack on Rachel Reeves’ plans to slap inheritance tax on undrawn pension pots today, describing the proposals as “flawed and potentially damaging” to grieving families. In a letter to the Chancellor, the bosses of Hargreaves Lansdown, AJ Bell, Interactive Investor and Quilter, which collectively manage some [...]

  • Heathrow: Starmer won’t say if he backs London airport expansion

    January 22, 2025

    Sir Keir Starmer has refused to say whether he would back the expansion of Heathrow Airport after voting against a third runway in 2018. The Prime Minister said would not be “comment on speculation” on the issue, as emphasised the government is “committed to growth” when asked about reports ministers could be set to approve [...]

  • Inheritance tax: Bill for Britain’s ‘most hated tax’ hits record

    January 22, 2025

    HMRC collected £6.3bn in inheritance tax in the last nine months, but with changes to the code announced in Budget, this bill is expected to get bigger.

  • Davos: Reeves defends fiscal rules and says Heathrow expansion is ‘pro-growth’

    January 22, 2025

    Rachel Reeves has insisted the UK would continue to meet her “fiscal rules”, describing them as the “bedrock” of the stability she aims to restore to the economy and public finances. The Chancellor spoke at a Bloomberg event at the World Economic Forum in Davos, as the Office for National Statistics (ONS) said public sector [...]

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