Half of Britain’s millionaires are considering leaving after Labour election win August 2, 2024 Nearly half of the UK's millionaires are considering leaving the country over fears the new Labour government will hike taxes and introduce unnecessary regulations, a new study has revealed.
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
The £22bn black hole row: Who’s telling the truth? July 31, 2024 Rachel Reeves and Jeremy Hunt are slinging accusations at each other about the state of the public finances. But who is right?
Pensions take another step towards private markets in Schroders Phoenix joint venture July 31, 2024 Schroders and Phoenix Group have launched a new private markets manager, Future Growth Capital, with £1bn in backing. The new joint venture between the asset manager and pension giants is a significant step for the pensions industry into private markets, a direction the industry is clearly heading in. “Schroders bring the private markets capabilities, and [...]
Rachel Reeves: ‘I think we will have to increase taxes’ July 31, 2024 Speaking on the News Agents podcast, Rachel Reeves said "I think we will have to increase taxes in the Budget".
The Notebook: If Reeves wants the City onside, she must be clear on her vision July 31, 2024 Where the City’s movers and shakers have their say. Today, it’s Lucy McNulty, editor of the Following the Rules podcast, with the pen, talking Treasury-City relations, buy now, pay later, and her pick of the podcasts The City needs a clear vision The decision by Chancellor Rachel Reeves to create a Treasury unit focused on [...]
Labour will drive away wealth creators July 31, 2024 Labour have talked a good game on growth, but all their early actions seem precision calculated to deter investors, says James Price I’m not sure if Rachel Reeves is a fan of musical theatre, but going into her economic statement on Monday, she would have done well to heed the words of George Washington in [...]
The real ‘black hole’ in the public finances is the debt July 31, 2024 The Chancellor is right, the public deserve to know just how bad the economy is – so she should be honest about the millions of pounds a day that are added to the national debt, says John O’Connell Reeves’ tone was one of righteous fury on Monday as she bellowed at the opposite benches for [...]
Chancellor’s move to cut infrastructure projects threatens growth, economists warn July 30, 2024 Rachel Reeves' decision to make immediate cuts to capital spending has shaken a number of top economists, who have said they are deeply concerned about the potential knock-on impacts on the UK's economic growth.
Experts react to Reeves: The finances might be worse than expected – but tax hikes are still coming July 30, 2024 While Rachel Reeves laid out a fiscal inheritance that was worse than many had anticipated, tax rises are almost certainly on the way, economists and experts have said in reaction to the Chancellor's speech today.