‘Pension death tax’ on the cards as Reeves looks to raise cash September 24, 2024 Tom Selby, director of public policy at AJ Bell, said many of the possible reforms come with "significant practical and political challenges".
UK family businesses fear ‘dishonesty’ in Labour’s tax plans September 24, 2024 UK family businesses are beginning to fear dishonesty within Labour's tax plans set to be revealed in the upcoming Autumn budget, a new poll has found.
London Stock Exchange boss warns AIM is under threat of collapse September 23, 2024 London’s junior market AIM is under threat of collapse from potential plans to hike taxes on its shares in next month’s budget, the chief of the London Stock Exchange has warned the government. In a letter to City minister Tulip Siddiq, LSE boss Dame Julia Hoggett said that the “ongoing viability” of AIM would be [...]
Labour conference: Reeves challenged over consumer ‘fear and foreboding’ September 23, 2024 Rachel Reeves has been challenged over claims the government has “generated a fear and foreboding” among consumers – but insisted she was “optimistic” about the economy. Ahead of her keynote speech to the Labour Party conference in Liverpool today, the Chancellor was challenged on Sky News over last week’s fall in consumer confidence to the [...]
‘No doubt’ of inheritance tax reform as government books a record haul from the levy September 20, 2024 New figures from HMRC showed inheritance tax receipts hit £3.5bn between April and August, £300m higher than the same period last year.
Use Budget to urgently review UK’s tax system, accountants urge Reeves September 20, 2024 Rachel Reeves should use the Budget next month to urgently review the UK’s tax system, including business rates and VAT, a chartered accountants group has urged. The Chancellor has been called on to set out the government’s plans to reform business rates, VAT and employment status by the end of the year in the fiscal [...]
Government borrowing jumps as threat of tax hikes grows September 20, 2024 The figures come just over a month before Rachel Reeves delivers her first Budget as Chancellor.
Consumer confidence sinks as Brits ‘nervously await’ Budget September 20, 2024 Key future indicators of consumer confidence all sharply fell in September as Brits nervously awaited policy announcements in the Autumn Budget, according to fresh data. GfK’s long-running consumer confidence index fell sharply to -20 in September overall, with all measures – including personal finances, economy and purchase intentions – down month-on-month. “Headline consumer confidence has… [...]
Why launch an AIM VCT now? First in 17 years debuts September 19, 2024 The first venture capital trust focused on the AIM market in 17 years has been launched by Puma, despite fears over the strength of London’s junior market. AIM stocks have not performed well in recent years, with its index falling 40 per cent over the last three years, compared to a 21 rise in the [...]
The departure of the super rich is an early warning siren for the rest of us September 18, 2024 Marcelo Goulart, managing partner at the Zurich-based wealth advisor First Alliance, has been so busy helping his clients leave the UK that he’s had no summer holiday. He tells City A.M. that 80 per cent of his “UK exposed” clients have either left the country or are in the final stages of doing so. He [...]