Budget could wipe out 125,000 jobs in family businesses December 2, 2024 The government’s move to limit inheritance tax relief for family-owned businesses could cost Britain roughly 125,000 jobs and significantly reduce economic activity, new research has found. The change unveiled in Labour’s first Budget could reduce the value of goods and services produced across the UK economy by £9.4bn and incur a £1.3bn net loss for [...]
Sea of tax changes? Why getting your ducks in a row on pensions is vital December 2, 2024 Inheritance tax changes may feel a long way away, but sooner is better when it comes to structuring your assets to pass on as much wealth as possible to your loved ones, says Duncan Bailey The Budget has given businesses and individuals much to consider with announcements made around spending, national insurance contributions for employers [...]
Budget: Parents facing 20 per cent childcare fee hike after NIC raid November 30, 2024 Experts are suggesting parents will face up to a 20 per cent increase in fees to cover rising costs at British nurseries. The sector warned on Friday there will be a “disproportionately adverse” impact on women who want to work and children’ s health. This comes after the government’s Autumn Budget included an increase in [...]
Employer national insurance raid could lead to 130,000 jobs being slashed November 28, 2024 Analysis from Bloomberg Economics suggests that up to 130,000 jobs could be lost if firms responded to the tax hike primarily by cutting employment.
The Capitalist: Charli XCX headlines Revolut jamboree; oucho for Groucho; and Reeves jeered in the City November 28, 2024 Revolut hires Charli XCX for private festival, Groucho shuts its doors and more; catch up on the latest City gossip in The Capitalist.
Ministers are in denial over the Budget’s impact on jobs and growth November 28, 2024 Well, that didn’t last long. Barely 48 hours after the Chancellor told the CBI conference that the tax-hiking Budget was definitely a one-off, Keir Starmer declined to echo her comments and instead left the door wide open to another round of tax increases and borrowing. We ought to have some sympathy; no Prime Minister can [...]
The service sector is not to blame for Britain’s industrial decline November 28, 2024 With the government’s new industrial strategy set to be published next spring, there’s a real risk that nostalgia for our manufacturing past gets in the way of the sectors that really drive growth, says Sam Bidwell Political conversations about the British economy are often dominated by one depressing fact – nobody seems ready to celebrate [...]
Forget Reeves’ CV – there’s a bigger transparency problem in monetary policy November 28, 2024 The real discussion shouldn’t be about whether Reeves deserves to call herself an “economist”. It should focus on the unchecked power of current central bank leaders, the far-reaching consequences of their decisions, and how we hold them to account, says Tim Focas The recent controversy over Rachel Reeves’ tenure as an economist at the Bank [...]
Just Eat delisting ‘blow to the City’ and setback for Reeves November 27, 2024 Just Eat Takeaway abandoning the London Stock Exchange “highlights a troubling trend” for UK markets as the government struggles to keep companies listed in Britain. The takeaway delivery company cited low liquidity, burdensome regulatory requirements, and high costs as key reasons for its move, which analysts said underscored the uncompetitiveness of London’s equity markets. “If [...]
Starmer refuses to rule out further tax rises or more borrowing November 27, 2024 Sir Keir Starmer has refused to rule out further tax rises or additional borrowing when challenged to repeat his Chancellor’s pledge not to “come back with more”. During Prime Minister’s Questions (PMQs) in the House of Commons on Wednesday, Conservative opposition leader Kemi Badenoch asked Starmer about Rachel Reeves’ words. She said: “At the Confederation [...]