Britain’s start-ups reeling from economic pressure May 27, 2025 Start-up businesses are feeling the sting of an uncertain economic landscape as fresh research shows new firms are employing fewer staff than ever before. The average number of staff for a new firm had slumped to 2.64, down from 3.5 in 2017 according to Cynergy Bank’s latest Business Births and Deaths Index. The research, which [...]
Week in Business: Will Starmer sack Rachel Reeves? May 23, 2025 Cracks are appearing in Labour's economic strategy - will Keir Starmer roll the dice and look for a new Chancellor to change course?
P60 form deadline is approaching – what you need to know May 23, 2025 Employers are required to issue a P60 form by May 31 – but what is the form actually for, and what happens if your employer misses the deadline? If you’ve been employed for some time, you’ll have heard of a P60, but understanding what it is and why it matters is vital. If you’re an [...]
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 [...]
Do British and Irish Lions rugby stars risk double tax on £100,000 fee? May 17, 2025 With the stars of the British and Irish Lions touring rugby team getting a wage, how do they avoid being taxed twice? In today’s global sporting landscape, with athletes and teams constantly moving across borders, the tax implications of international competition are both significant and complex. Whether it’s the British and Irish Lions touring Australia [...]
Week in Business: Small glass of champagne for Reeves? May 15, 2025 There was some welcome economic growth in Q1 but it's in the rear view mirror; is there any on the horizon?
David Beckham and Spain’s tax shake-down May 14, 2025 Spain’s socialist prime minister is waging a vicious campaign against law-abiding people who’ve benefited from the country’s David Beckham tax – and the Spanish economy will suffer as a result, says John O’Connell There aren’t many people more famous than David Beckham. He’s so famous, in fact, that he even has a tax law named [...]
This is why the UK’s tech tax still riles Washington May 9, 2025 The UK and US have trumped a new trade framework aimed at unlocking growth between the two allies, but one key irritant remains notably unresolved: Britain’s tech tax or Digital Services Tax (DST). The two per cent levy, introduced in 2020 under Boris Johnson, continues to rankle American officials, particularly because it disproportionately affects the [...]