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 [...]
Week in Business: Why Britain needs reform May 8, 2025 In light of current difficulties and long-term challenges, the UK economy needs a dose of radical reform - but who will have that conversation?
Not just non-doms: Wealthy workers considering leaving the UK to beat tax hikes May 8, 2025 With the mass exodus of non-doms leaving the UK following a political crackdown, a lawyer warns that this feeling is spreading among non non-doms.
Terry Smith: Reeves must drop tax hikes to attract UK investment May 6, 2025 Star fund manager Terry Smith has called on Chancellor Rachel Reeves to cancel her tax hikes to make investment in the UK more attractive. Smith, who runs the £20bn Fundsmith Equity fund, argued that to boost the quality of UK companies the government should “reverse a lot of the policies that are in place with [...]
Non-dom exodus could cost the Treasury £12.2bn May 6, 2025 Chancellor Rachel Reeves’ decision to remove tax exemptions for non-doms could lead to “billions” in losses from the public purse, new research has suggested, in a blow to the Treasury’s fiscal plans. Reeves followed through with manifesto pledges by removing tax exemptions from mega-rich non-domiciled individuals at last year’s Autumn Budget, something the Office for [...]
CMA chair: ‘The UK desperately needs economic growth’ April 30, 2025 The CMA is evolving but we will always stick firmly to the fundamentals: Protecting UK consumers and promoting competition, says new chair Doug Gurr Today I’m speaking to my fellow chairs at a summit of the UK major regulators. It’s a privilege to be part of the deep collective experience and commitment of that group [...]
UK businesses warn of financial strain ahead of digital tax rules April 29, 2025 A majority of UK small business owners are concerned about the financial and operational pressures of HMRC’s upcoming ‘making tax digital‘ (MTD) reforms to income tax. MTD for income tax, set to take effect from April 2026, will require self-employed individuals and landlords earnings over £50,000 to maintain digital records and submit quarterly updates using [...]
High-tax Britain is losing the race for global talent April 29, 2025 High taxes, fiscal drag and the cost of living mean London is no longer the destination of choice for skilled employees – and competitors like the Basque Country are feeling the benefits, says Ivan Jimenez I’m a proud native of the Basque Country in northern Spain, but having spent a lot of time in the [...]