How to protect your wealth from inheritance tax November 7, 2024 The inheritance tax regime is changing but don’t panic – plan. Here’s how… The Chancellor’s Budget featured many ambitious promises, bold changes, and, of course, cuts. Among these was a reform to Inheritance Tax (IHT), which is the levy applied to the estate of someone who has passed. By bringing inherited pensions into the scope [...]
Goldman Sachs cuts UK growth forecast following Trump’s election victory November 6, 2024 The investment bank warned that Trump's proposed tariffs would have a noticeable impact on economic growth in European economies next year.
Bank of England and Fed to cut interest rates despite fiscal fears November 6, 2024 The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.
Underground air to heat London’s iconic buildings November 6, 2024 Excess heat from London’s Underground will power iconic buildings in a new £1bn net zero scheme. This low-carbon network will soon channel excess heat from the Underground to power several sites in central London, namely Downing Street and the National Gallery. This comes following last week’s Budget, in which chancellor Rachel Reeves announced significant investments [...]
Wetherspoons boss Tim Martin fires fresh price rise warning following Budget November 6, 2024 The pub giant reported record sales in the most recent quarterm even as cost inflation and tax hikes continue to bite British boozers.
Investment can boost growth – if it comes with technological progress November 6, 2024 Economic theory does regard capital investment as a contributor to economic growth, but there is another essential factor: technical progress, says Paul Ormerod The need to boost the UK’s rate of economic growth was a central theme of the first budget delivered by Rachel Reeves, the Chancellor. Reeves emphasised the importance of increasing the amount [...]
Labour’s farm tax is pure class war November 6, 2024 Socialists targeting landowners is nothing new, but don’t expect the countryside to take Labour’s punitive farm tax lying down, says James Price “Buy land – they ain’t making any more of it”. With apologies to the Dutch and their reclamation efforts, this has been solid investment advice for a long time. But that’s about to [...]
Retail sales growth slumps in October as consumers remain cautious November 5, 2024 Retail sales growth dipped in October due to pre-election anxiety, the latest figures have shown. According to the British Retail Consortium (BRC)-KPMG sales monitor, retail sales in the UK increased by 0.6 per cent year over year in October, compared to 2.6 per cent growth in October 2023. Food sales nudged up 2.9 per cent [...]
The NHS will soon cost more than the GDP of New Zealand November 5, 2024 Spending on health and social care will hit £200bn by the end of this parliament – more than the entire economy of New Zealand – as Britain heads towards being a £1.5 trillion state, says Emma Revell New Zealand sounds, by all accounts, like a pretty sweet country. For a start, it is one of [...]
No10 warned over risk of ‘killing off’ family-run firms November 4, 2024 Downing Street is attempting to weather a storm whipped up by entrepreneur James Dyson over changes to the inheritance tax treatment of family-run businesses. In an article in the Times, Dyson accused the government of “killing off family businesses, individual aspiration and economic growth” with their approach to death duties in the Budget. The high-profile [...]