Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy September 27, 2024 Rachel Reeves is hoping to make more than £50bn available to invest in the UK at next month’s budget by changing how the government measures debt in the fiscal rules. Senior government sources have told The Times that Reeves has asked officials to draw up options for allowing the government to offset assets against national [...]
Financial advisor: Plan for a ‘devastating’ inheritance tax raid September 26, 2024 British families and expats with assets in the UK should act now to mitigate the potential impact of an inheritance tax raid in next month’s Budget, the boss of one of the world’s largest financial advisory firms has warned. Nigel Green, who founded Devere Group in 2002, said the upcoming fiscal announcement was likely to [...]
Non-dom crackdown: Fears it will fail to raise cash and actually cost the UK money September 26, 2024 Officials fear that the government's plan to close loopholes in the non-dom tax regime might fail to raise any extra revenue at all, according to reports.
Unions vote to condemn government’s winter fuel payments cuts September 25, 2024 Unions have voted to condemn the government’s decision to means test pensioners’ winter fuel payments, in a blow to No10 as the Labour conference came to a close. A non-binding motion brought by Unite and the Communication Workers Union (CWU) was backed by delegates in a vote on Wednesday morning in the main hall in [...]
UK economy gets another growth upgrade but OECD warns on ‘sticky’ inflation September 25, 2024 Chancellor Rachel Rachel said she "welcomed" the upgraded projection, but said there is "more to do".
Which taxes will Labour hike in the October Budget? September 25, 2024 Kier Starmer has said that those with the "broadest shoulders should bear the heavier burden". So where will Starmer and Reeves turn to raise some extra cash?
UK economy to grow twice as fast as expected says KPMG September 25, 2024 KPMG's latest forecasts suggest the economy is on track to grow 1.0 per cent this year before accelerating slightly to 1.2 per cent next year.
Take it from a tax expert, we are all too obsessed with Reeves’s Budget September 25, 2024 Reeves' Budget has become the talk of the town, but even KPMG tax expert Tim Sarson thinks we should calm down about it
Labour conference: GB Energy to be based in Aberdeen, Keir Starmer confirms September 24, 2024 Labour’s GB Energy company will be “based in Aberdeen”, Sir Keir Starmer has confirmed in a long-awaited move. The Prime Minister announced: “We said GB Energy – our publicly-owned national champion, the vehicle that will drive forward our mission on clean energy – we said it belonged in Scotland. “And it does. But the truth [...]
‘Pension death tax’ on the cards as Reeves looks to raise cash September 24, 2024 Tom Selby, director of public policy at AJ Bell, said many of the possible reforms come with "significant practical and political challenges".