First-time buyers could see huge tax hit under rumored Budget change October 28, 2024 First-time buyers could see huge tax hit under changes rumored to be included in the Autumn budget. It has been rumoured that Chancellor of the Exchequer Rachel Reeves will rule out any changes to stamp duty land tax in the Budget. Stamp duty land tax currently applies to homes costing over £250,000, but in March [...]
Keir Starmer: ‘I will defend our tough decisions all day long’ October 28, 2024 Speaking in Birmingham ahead of the Budget, the Prime Minister said politicians needed to be honest with the public about the difficult decisions facing the government.
Reeves fiscal rule change puts economy in danger of ‘crumbling’, City analyst warns October 28, 2024 "Tinkering with the definition of borrowing could be a big, if temporary, win," Nick Winters, a partner at Blick Rothenburg said.
Budget: Labour grandee warns pension tax hike rumours are ‘very worrying’ October 25, 2024 Rumours over a hike in employer national insurance contributions on pensions in next week’s Budget have been described as “very worrying” by Labour grandee David Blunkett. Blunkett, who served in Tony Blair’s cabinet as home secretary and secretary of state for work and pensions, said he would “advise strongly against” the changes in a letter [...]
New data bill to loosen red tape for businesses and NHS October 24, 2024 The UK government has introduced a new data bill to parliament to cut red tape for businesses and public service organisations like the NHS, which it claims could add £10bn to the economy over the next decade. The ‘Data Use and Access’ bill plans to make data sharing easier, reducing admin headaches for companies. For [...]
Rachel Reeves gives clear signal that public investment will increase October 24, 2024 "Our upcoming Budget will be a reset for our economy as we invest in the foundations of future growth," she will say at the International Monetary Fund's (IMF) latest annual meeting.
Autumn Budget: The growth case for hiking capital gains tax October 23, 2024 We don't know exactly what form the changes will take and we don't know how much the Chancellor expects to raise, but reforms are coming.
Does the NHS have a communications crisis? October 23, 2024 The NHS has a backlog crisis a staff vacancy crisis and a mental health crisis. Public satisfaction is at an all-time low, and Lord Darzi’s landmark report of the state of the health found that it was in “serious trouble”. But does it boil down to a comms crisis? Jacob Haddad, CEO and co-founder of [...]
The walls are closing in on the Chancellor October 23, 2024 With just one week to go until the Budget (arguably one of the most consequential in recent memory) economists, investors, analysts (and most certainly journalists) are scouring everything from tea leaves to official data for indications of what exactly the Chancellor is going to say next Wednesday. Most people agree that her choices are limited [...]
Jeremy Hunt: Upping employer NI would be an ‘absolute disaster’ for economy October 22, 2024 Increasing employer national insurance contributions in the Budget would be an “absolute disaster” for Britain economically, Jeremy Hunt has warned. “I’m really worried that Labour is going to trash an economy, which has better growth prospects than it has for many years,” the shadow Chancellor told the Financial Times in an interview. On the prospect [...]