Capital gains tax could be hiked to almost 40 per cent October 10, 2024 Capital gains tax could be hiked by Chancellor Rachel Reeves to almost 40 per cent in the Budget, according to reports. The Guardian has reported that the Treasury is modelling a range of between 33 per cent to 39 per cent. Around 350,000 people pay the wealth tax with is levied on the sale of [...]
Ex-Google boss to join Starmer at International Investment Summit October 6, 2024 The former boss of Google is set to join Prime Minister Keir Starmer at his inaugural International Investment Summit, aimed at flaunting the UK as “open for business” and primed for investment. Scheduled for 14 October, the event will bring together 300 global business leaders to hear how the government plans to attract future investment [...]
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 [...]
Reeves to strike positive tone in Party Conference speech September 23, 2024 Rachel Reeves is set to promise a Budget that will “rebuild Britain” in a speech at the Labour Party Conference that will claim that the “work of change has only just begun”. In a notably more optimistic tone than Labour has adopted in recent weeks, the Chancellor will vow to deliver a “Britain of opportunity, [...]
Starmer arrives at Labour conference with promise to rebuild UK September 21, 2024 Sir Keir Starmer said Labour was “rebuilding our country”, as he arrived at his party’s conference intent on shifting attention away from rows over donations and internal No 10 infighting. The Prime Minister said “change has started” as he arrived at the Liverpool conference centre. But the feel-good factor of Labour’s landslide win in July’s [...]
‘Spoonful of sugar’ to come with Budget medicine, Labour mayor suggests September 21, 2024 A Labour mayor has said he thinks there will be “a spoonful of sugar along with the medicine” in the Budget next month. Steve Rotheram, Mayor of the Liverpool City Region, told the PA news agency he believes economic growth will be delivered “through our combined authorities and through devolution”, but it could be “very [...]
Reeves backs Invest in Women Taskforce as funding for female-led firms drops September 18, 2024 Rachel Reeves has backed the Invest in Women Taskforce after a new report revealed that the number of female founders who received private equity investment this year has dropped.
Tech chiefs warn Chancellor not to undermine growth with tax hike September 11, 2024 A sweeping hike in capital gains tax (CGT) risks “undermining the chancellor’s growth agenda” and could suck talent and investment away from Britain’s start-ups, some of the country’s top fintech bosses have warned. Industry bodies and tech chiefs mounted a co-ordinated push to topple the suggestion of a blanket rise in CGT yesterday as they [...]
Reeves is right to squeeze private equity – but a sweeping capital gains hike will hurt the City, says Cavendish chair September 5, 2024 The government is right to launch a raid on the profits made by private equity bosses but a sweeping hike in capital gains and inheritance tax could suck investment out of the City, the chair of investment bank Cavendish has warned. Lisa Gordon, who chairs the London-listed broking group, urged Rachel Reeves to be “more [...]
Reeves: UK pension funds should follow Canadian model to ‘unlock billions’ August 7, 2024 Rachel Reeves wants UK pension funds to “unlock billions” in investment and deliver for British savers by following the Canadian model.