Can Rachel Reeves get us excited about investing? October 10, 2024 If Rachel Reeves is serious about the need for greater investment, she needs to tell a story about why it’s more important than day-to-day spending, says James Nation When was the last time you heard about Labour’s ‘missions’? What is their overriding governing thought or story? Homing in on a message and then sticking to [...]
This is how much sixty of the UK’s wealthiest people paid in income tax October 9, 2024 The figures, which were revealed thanks to a freedom of information request, demonstrate the large contribution made by the UK's richest individuals.
Will the last millionaire to leave Britain please turn out the light? October 9, 2024 More millionaires are leaving Britain than any other country in the world, taking with them investment, jobs and insights. And our loss is the rest of the world’s gain, says James Price Britain is due to suffer the biggest flight of millionaires out of any country in the world over the course of this next [...]
NHS pension tax grab could see ‘return to strikes’, government warned October 9, 2024 Plans to reduce the tax-free lump sum savers can withdraw from their pension could see NHS workers mount a “return to pay unrest and strikes”, the government has been warned. Chancellor Rachel Reeves is reportedly mulling plans to cap withdrawals at £100,000 in the Budget on 30 October in a bid to shore up the [...]
Reeves mulls £100,000 cap for tax-free pension lump sum October 9, 2024 Under the current regime, most savers can take 25 per cent of their pension pot tax-free once they reach the age of 55, up to a limit of £268,275.
Pensioner pessimism drags on consumer confidence ahead of Budget October 9, 2024 Just one in six consumers think that the economy will improve over the next year while half think it will get worse, according to Which?
Nightmare fuel: Have Labour’s first 100 days proved a shaky start? October 9, 2024 During Liz Truss’ short-lived premiership, my friend confessed the then-Prime Minister was actually living out a recurring nightmare she occasionally had. The ‘plot’ of said nightmare? “The idea that you think yourself capable of something and you get to the top and you’re on the front page of every newspaper, and every news channel and [...]
The threat of higher taxes is already harming growth October 9, 2024 An important reason why there was zero growth in June and July is that households are saving bigger proportions of their incomes, says Paul Ormerod The Chancellor, Rachel Reeves, had made no secret of her desire to make economic growth her top policy objective. She reinforced the message this week in an interview with the [...]
Rachel Reeves promises to ‘revolutionise’ UK capital markets and boost London listings October 8, 2024 Ministers and regulators have made urgent efforts to inject more life into Britain's capital markets amid a dearth of IPO activity and heavy outflows from UK equity funds.
Gilt yields rise ahead of Budget as Chancellor Reeves set to increase borrowing October 8, 2024 Analysts suggested that the increase was largely a result of concerns that Chancellor Rachel Reeves will ramp up borrowing in the budget to fund a major investment programme.