‘Productivity argument’ against family firm tax breaks, IFS director argues February 25, 2025 There is a “productivity argument” against treating family businesses “generously”, the Institute for Fiscal Studies (IFS) director has argued, when asked about inheritance tax. Economist Paul Johnson addressed the National Farmers Union (NFU) conference in Westminster on Tuesday, which saw environment secretary Steve Reed’s speech interrupted by farming protestors, as well as NFU president Tom [...]
Inheritance tax: Ministers urged to ‘do right thing’ ahead of farming summit February 25, 2025 The government is being urged to “do the right thing” over its plan to bring in inheritance tax for farm businesses worth more than £1m, following months of protests by farmers. Ministers are being encouraged to “reset” their relationship with Britain’s farmers, ahead of the National Farmers’ Union (NFU) conference on Tuesday. President Tom Bradshaw [...]
Getting Brits to invest will take more than tweaking ISAs February 25, 2025 Rachel Reeves is considering reducing the tax-free limit on cash ISAs to encourage people to invest in stock and shares, but she should go even further, says Emma Revell It is one of the most popular and best understood savings tools available for Brits, but there could be a big shake up coming for the [...]
Cash ISAs: Will Rachel Reeves bring in a ‘tax on savings’? February 24, 2025 The financial industry has split over whether Chancellor Rachel Reeves should be cracking down on cash ISAs to encourage investment. While Reeves has ruled out scrapping cash ISAs completely, the Treasury is currently mulling whether to bring the limit for them down to just £4,000 a year. Currently, investors have a tax-free allowance of £20,000 [...]
Heathrow could face legal challenge if airlines forced to pay for third runway February 24, 2025 Emirates’ boss has warned that London Heathrow Airport could face a legal challenge from its airlines if they are forced to pay for a third runway. In an interview with the Financial Times, industry veteran Sir Tim Clark warned against further hikes to landing charges to pay for the expansion. “This could end up in [...]
Payments regulator reportedly could be scrapped as No10 slashes red tape February 23, 2025 The UK’s payments regulator could be scrapped and folded into another regulator as part of efforts by No10 to slash red tape, according to Sky News. Ministers are mulling whether to abolish the Payment Systems Regulator (PSR) and amalgamate it into the Financial Conduct Authority (FCA), the broadcaster has reported. A decision could come within [...]
Economists warn of tax hikes after borrowing blow February 21, 2025 Figures from the Office for National Statistics (ONS) showed that tax receipts fell short of expectations in January due to the sluggish performance of the UK economy.
Are Londoners losing their jobs thanks to Rachel Reeves’ tax hikes? February 21, 2025 City AM’s opinion and features editor, Alys Denby, discusses the ongoing negative impact of Rachel Reeves’ jobs tax and whether rumours of the death of DEI have been exaggerated – plus more.
Budget costing jobs and pushing up inflation, survey suggests February 21, 2025 Excluding the pandemic, employment fell at the fastest pace since the global financial crisis, the survey suggested.
Pressure on Rachel Reeves grows as tax receipts disappoint February 21, 2025 Tax receipts rose at a slower pace than expected in January, new figures show, in a sign that the poor performance of the economy could have damaging fiscal consequences. According to figures from the Office for National Statistics (ONS), the government recorded a monthly surplus of £15.4bn, meaning it received more in taxes than it [...]