Shield your assets from inheritance tax with life insurance February 17, 2025 Inheritance tax entered the headlines last year when the Labour government used its first budget to announce measures designed to close loopholes and raise funds, prompting savers and advisers to reconsider their financial planning. The government’s proposals include plans to impose inheritance tax on unspent pensions from April 2027 and a pledge to reform the [...]
The Week in Business: Is Net Zero going out of fashion? February 14, 2025 Just a few short years ago BP proudly told us they were embarking on a journey – and I quote – “in support of our purpose to reimagine energy for people and our planet, and our ambition to become a Net Zero company by 2050 or sooner and help the world get to Net Zero.” [...]
Labour minister insists fears over workers’ rights bill ‘misplaced’ February 14, 2025 Concerns over the move to day one rights under the government’s workers rights bill represent “misplaced fear”, a Labour minister has insisted in the face of criticism from employers. Justin Madders, employment minister, told City AM firms recognise the benefits of “giving people more certainty at work” as he argued the package of workers rights [...]
Rachel Reeves ‘investigated over expenses’ in HBOS banking job February 13, 2025 Rachel Reeves was investigated over her use of expenses while working in a banking job before becoming an MP. The Chancellor, alongside two colleagues, was subject to an internal probe into expenses claims, while she was a senior manager at Halifax Bank of Scotland (HBOS) in the late 2000s, the BBC has revealed. Reeves is [...]
The public isn’t buying Labour’s growth story February 13, 2025 Today’s growth figures will have elicited a sigh of relief across the government. A meagre 0.1 per cent uptick is certainly better than a recession. Though the news is not all good. The economy is smaller on a per capita terms, and when you dig down into the data, private sector activity is shrinking. An [...]
Housebuilding: Starmer to reveal vision for new towns across UK February 13, 2025 Sir Keir Starmer will reveal the government’s vision for new towns to be built across the UK. The Prime Minister is expected to unveil the government’s plans for the next generation of communities, including homes, doctors’ surgeries, schools, nurseries and public transport, at a visit to a new housing development on Thursday. Over 100 proposals [...]
Labour has sucked the confidence out of wealthy Brits February 13, 2025 The government defines a high net worth individual as someone with an income of at least £170,000 and net assets of more than £430,000. Such people are undoubtedly in a comfortable position, but are hardly reaching non-dom status. Indeed, those just meeting the government’s definition would be politely turned down for a bank account at [...]
Property experts warn ‘more needs to be done’ on £350m housing funding February 12, 2025 A £350m investment into affordable and social housing by the government has been welcomed but property experts warn “more needs to be done”. Housing secretary Angela Rayner has insisted the government “can’t afford not to” hit its 1.5m housebuilding targets, as officials unveiled an extra £300m in funding for the affordable homes programme, which they [...]
PMQs: UK should impose ‘Tesla tariffs’ on US electric cars, Davey says February 12, 2025 The UK should impose “Tesla tariffs” on US electric cars produced by Elon Musk, after President Donald Trump announced higher taxes on steel imports, the Lib Dem leader has suggested. Sir Ed Davey called for the UK to retaliate – after Trump confirmed he would impose 25 per cent tariffs on all steel and aluminium [...]
Progressive liberal comes out against progressive liberalism February 11, 2025 What’s keeping Keir Starmer up at night? It’s safe to assume the list is long and that we’re unlikely ever to see it in full, given the myriad security and intelligence matters that take up so much of a PM’s time without ever breaking into public view. So, aside from state secrets, what else might [...]