US tariffs: Businesses don’t want ‘knee jerk’ response, Starmer insists April 1, 2025 Sir Keir Starmer has insisted UK businesses want a “calm and collected response” to Donald Trump’s tariffs, “not a knee-jerk” reaction. The Prime Minister sought to offer calm, as he suggested the UK could retaliate with tariffs on US goods in return, but insisted that “nobody wants a trade war”. Speaking to Sky News, Starmer [...]
SEN children at the heart of legal fight over VAT on private school fees April 1, 2025 Children with SEN are at the heart of one group challenging the government's VAT policy on private schools today
UK manufacturing woes deepen as industry ‘hit on several fronts’ April 1, 2025 The latest S&P Global’s UK Purchasing Managers’ Index (PMI) shows that UK manufacturing’s woes have deepened. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performances, suggests that manufacturing is again in the downturn following a poor start to the year. The latest figure showed that it decreased to 44.9, which [...]
Business leaders ‘remain depressed’ as employment costs spiral April 1, 2025 Business leaders remain disheartened about their organisations and the wider UK economy amid an escalating global trade war and higher employment costs, according to a new survey of over 600 directors. Confidence among company directors collapsed after Labour took office last year. Now the Institute of Directors (IoD)’s latest update to its monthly survey suggests [...]
Labour’s own policies undermine their ‘welfare to work’ agenda April 1, 2025 The government has made many mistakes since coming to office, but the Chancellor deserves some credit for not breaking her fiscal rules at the first opportunity. The demands from various groups (and various wings of her own party) for more borrowing or exempting certain measures from the fiscal rules were ruthlessly ignored at the Spring [...]
US tariffs: UK expects to be hit by Trump taxes this week, No10 admits March 31, 2025 The UK expects to be hit by Donald Trump’s tariffs this week, No10 has said, amid frantic discussions to secure an exemption for UK businesses. The government has been trying to negotiate to spare British exports from the taxes on imports into the US which are set to come into force later this week on [...]
Rachel Reeves’ tax hikes will cost me £1m – Hooch tycoon March 31, 2025 The founder of the alcoholic drinks empire behind the likes of Hooch and VK has warned the tax hikes announced by Rachel Reeves will cost him an extra £1m. Steve Perez, the boss of Derbyshire-headquartered Global Brands, added that the Chancellor has “stacked the odds” against businesses like his and that he has “no choice” [...]
Tax paid by companies has nearly doubled in 10 years March 31, 2025 Businesses account for over a quarter of all UK tax receipts, according to new research by Thomson Reuters. Chancellor Rachel Reeves said Labour would become more “pro-business” than previous governments in the run-up to last year’s election. But new data by Thomson Reuters raises questions about the Chancellor’s record in office as companies face an [...]
Businesses face billions of extra costs as wages and tax to rise March 30, 2025 UK businesses are set to face a multibillion-pound wave of higher costs this week as higher wages and tax increases come into force. Retail and hospitality bosses have warned that higher labour costs and taxes are set to push up prices for customers across the UK. A raft of measures linked to the Labour government’s [...]
Are Brits getting richer? It depends how you measure growth March 30, 2025 Wobbly growth is the opposite of what Rachel Reeves would have hoped for in her first six months as Chancellor. While the headline figure on Friday morning said the UK economy had only expanded by 0.1 per cent in the last quarter of 2024, economists suggested that there was a more pressing matter at hand. [...]