Seabrook: Crisps brand issues warning over Rachel Reeves’ tax hikes May 22, 2025 The company behind crisps brand Seabrook has warned Chancellor Rachel Reeves’ Autumn Budget tax hikes will have an impact on its bottom line this year. The Cheshire-based UK arm of Japanese giant Calbee pointed to the increase in the National Living Wage and employers’ National Insurance contributions, which came into affect in April, as key [...]
Reeves warned against bank tax raid May 21, 2025 Rachel Reeves has been warned of the growth consequences of upping tax on lenders after a leaked memo from Angela Rayner called for the Chancellor to launch a cash grab on banks. Reeves was sent a memo by the Deputy Prime Minister ahead of the spring Statement, which called for an annual £700m hike on [...]
Reeves must provide ‘more stable’ tax policy, finance bosses say May 20, 2025 Rachel Reeves is facing pressure to provide a “clearer, more stable tax environment,” when she delivers her growth strategy in July. The Chancellor is once again in the spotlight after a damning report from finance bosses indicated the industry was prepped to support growth ambitions, but structural barriers were holding them back. Top players in [...]
Stealth income tax hike will hit millions of over 60s April 16, 2025 Millions more Brits, including a significant percentage of over 60s, will be dragged into paying income tax in the coming months as Rachel Reeves squeezes the spending powers of lower earners with a freeze on tax bands. Official data suggests that around 11m Brits will begin paying the basic rate of income tax by 2028. [...]
Rachel Reeves’ tax hikes will cost me £1m – Hooch tycoon March 31, 2025 The founder of the alcoholic drinks empire behind the likes of Hooch and VK has warned the tax hikes announced by Rachel Reeves will cost him an extra £1m. Steve Perez, the boss of Derbyshire-headquartered Global Brands, added that the Chancellor has “stacked the odds” against businesses like his and that he has “no choice” [...]
Tax paid by companies has nearly doubled in 10 years March 31, 2025 Businesses account for over a quarter of all UK tax receipts, according to new research by Thomson Reuters. Chancellor Rachel Reeves said Labour would become more “pro-business” than previous governments in the run-up to last year’s election. But new data by Thomson Reuters raises questions about the Chancellor’s record in office as companies face an [...]
Businesses face billions of extra costs as wages and tax to rise March 30, 2025 UK businesses are set to face a multibillion-pound wave of higher costs this week as higher wages and tax increases come into force. Retail and hospitality bosses have warned that higher labour costs and taxes are set to push up prices for customers across the UK. A raft of measures linked to the Labour government’s [...]
Rupert Grint: Harry Potter star’s fortune swells ahead of hefty tax bill March 26, 2025 The fortune of Harry Potter star Rupert Grint jumped to more than £30m in the year before being hit by a hefty tax bill, it has been revealed. The actor’s wealth has increased from £27.7m to £30.6m, according to new accounts filed with Companies House for the 12 months to 31 March, 2024. The total [...]
Former SAS: Who Dares Wins star Ant Middleton banned after failing to pay £1m tax bill March 24, 2025 Former SAS: Who Dares Wins chief instructor Ant Middleton has been banned from being a director of a company after his business failed to pay more than £1m in tax. The television personality was the director of Sway and Starting Limited along with his wife, Emilie Middleton. The business, which was described as offering media [...]
Rightmove: 74,000 house buyers to narrowly miss stamp duty deadline March 17, 2025 Rightmove’s stamp duty report has identified an estimated 74,000 moves, which includes 25,000 first-time buyers, that will just miss the March 31 deadline and complete in April. They form the unlucky section of a “massive log-jam” of 575,000 movers hoping to complete ahead of the tax change, Rightmove said. Collectively, the buyers are set to [...]