Business cheers news that investment tax break could be permanent November 5, 2023 Business groups have welcomed the news that Jeremy Hunt is considering making £10bn investment tax break permanent as part of this month’s Autumn statement.
JCB’s Bamford Brothers ‘could owe as much as £500m’ in HMRC probe: reports October 23, 2023 Prominent Tory donors and JCB owners Anthony and Mark Bamford may have to foot a bill of over £500m to resolve a three-year long investigation by HM Revenue and Customs (HMRC).
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
HMRC’s plans for second self-assessment helpline closure sparks outrage October 18, 2023 HMRC is preparing for another closure of its tax self-assessment helpline after it gave users just 48 hours warning, MPs have been told.
Higher debt interest payments means government will have ‘no room’ for tax cuts, IFS says October 17, 2023 The government will have "no room" for tax cuts as rising interest payments and slowing growth puts politicians in an increasingly tight fiscal space, the Institute for Fiscal Studies (IFS) has said.
Liz Truss allies set to publish ‘growth budget’ days ahead of autumn statement October 15, 2023 Liz Truss allies are set to publish their so-called ‘growth budget’ just days ahead of Jeremy Hunt’s autumn statement. The former Prime Minister, who spent just 49 days in power, set up the Growth Commission after leaving Downing Street in a bid to challenge what she termed ‘Treasury orthodoxy’. Now the task force has announced [...]
Labour wants to cut taxes for working people, Starmer says October 11, 2023 Labour would like to cut taxes for working people if the party is elected into government, Sir Keir Starmer has said. The Labour leader told GB News he would like to see the “overall burden” of taxation reduced but maintained the party would “always” operate within its fiscal rules. Sir Keir said: “I would like [...]
Taxes have never been so high but it’s still not enough for some October 4, 2023 While tax levels reach a historic highs and public spending soars, public sector workers are striking for more pay. Paul Ormerod argues that we've forgotton who pays for those salary increases.
Hunt: London’s stock market can rise above Nasdaq October 3, 2023 London’s stock market “can actually do better than Nasdaq” in some areas, Jeremy Hunt said today, as the government and regulators scramble to boost the appeal of the City amid a drop in public listings.
Tories are ‘the party of business’, Jeremy Hunt insists ahead of conference speech October 2, 2023 The Conservatives are “certainly the party of business”, Jeremy Hunt has insisted ahead of his speech at Tory conference today. The Chancellor told LBC Radio: “We certainly are the party of business. “Rishi Sunak and I are prepared to take those decisions because there is a fundamental choice in British politics between a party that [...]