Top private school faces job cuts after Reeves’ tax grab June 21, 2025 A prestigious private school has said it may be forced to make job cuts due to the Labour government’s removal of VAT exemption on school fees. Edinburgh-based Fettes College – where former Prime Minister Tony Blair is among alumni – has said the introduction of VAT on school fees contributed to the “difficult” decision to [...]
Government borrowing surges in May to fund Labour’s spending June 20, 2025 Government borrowing in May surged to £17.7bn, official data has shown, reflecting the government’s need for cash to fund Labour’s spending splurge. This represented the second-highest May borrowing figure since records began more than 30 years ago and higher than the Office for Budget Responsibility (OBR) forecast. Fresh data published by the Office for National [...]
Week in Business: Non-dom tax U-turn makes sense but what about the rest of us? June 19, 2025 The Chancellor is scrambling to hang on a few non-doms, but what about the tax bomb dropped on the rest of the country?
B&M swaps one tax haven for another June 19, 2025 B&M has revealed plans to swap Luxembourg, the European tax haven the discount retailer has been domiciled in for over a decade, with Jersey. The London-listed company, which has its operational headquarters in Liverpool, said the move would simplify its corporate and administrative structure and provide “greater flexibility for returning capital to shareholders going forward”. [...]
Sir James Dyson is right to warn on Labour’s damaging policies June 19, 2025 Sir James Dyson knows a thing or two about how to build a business. In an impassioned piece in The Sun yesterday he reflected on his own entrepreneurial experiences, saying “It took me 5,127 prototypes, each made by hand…I was on the brink of bankruptcy before I found success.” He set out his concerns that [...]
AIM turns 30: Delistings, doubt and a dose of optimism June 19, 2025 AIM turns 30 today, but birthday celebrations are bound to be overshadowed by swathes of bleak data on the market’s performance. London’s junior stock market has had a woeful period, with projections indicating the index will shrink by a fifth as a result of delisting plans. The number of companies listed on the City’s Alternative [...]
AIM boss: Inheritance tax sums don’t add up June 19, 2025 As AIM celebrates its 30th anniversary the market’s boss is eying a crucial birthday present from the Treasury: tax clarity. AIM shareholders were thrust into the tax spotlight last month after a leaked memo revealed Angela Rayner proposed Chancellor Rachel Reeves slap a series of taxes savers. Scrapping the inheritance tax exemption for AIM shares [...]
Labour is locking Britain into a high-tax, low-growth doom loop June 18, 2025 Tax, borrowing, the cost of borrowing, unemployment and inflation are all going up, while growth is going down. Yet in the face of this, Labour’s instinct is to tax more, spend more and centralise more, says Simon Clarke When in a big hole, muddle the figures so nobody can understand them. That’s what Paul Johnson [...]
Tories: Labour desperate to use bookies tax to bail out Rachel Reeves June 17, 2025 Shadow sport and gambling minister Louie French has ripped into the Government over its plans for gambling taxes so soon after a sector white paper, describing them as a threat to bookies and horseracing. The Conservative MP for Old Bexley and Sidcup said Labour were “desperate” to find “easy tax rises to bail out Rachel [...]
Welfare, debt and the NHS: Our public finances are on the road to ruin June 17, 2025 Portugal is a fine country with plenty going for it, as an increasing number of Brits seem to be discovering. Just under 50,000 people moved there from the UK in 2023/34, up from 45,000 the previous year. These expats may or may not be aware that the country they’ve moved to (well-functioning, democratic, competitive and [...]