Majority of people want inheritance tax cut exclusive poll finds January 7, 2025 Research from Freshwater Strategy showed that 54 per cent of voters think the controversial tax should be set at a lower level.
Businesses gloomy about state of economy before Budget tax rises January 3, 2025 Business leaders remain gloomy about the state of the economy entering the New Year, a new survey shows, as they anticipate the impact of the Budget’s tax increases. The Institute of Directors’ economic confidence index, which measures business sentiment about the economy, rose to -61 in December, up from -65 the month before but still [...]
Spectre of another Labour tax raid haunts savers January 2, 2025 83 per cent of customers surveyed by the retail investment platform said they were either very concerned or somewhat concerned about tax increases in 2025.
‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze December 20, 2024 The amount of inheritance tax (IHT) brought in by the government ticked up to £600m in November, as frozen thresholds pushed more estates into paying the tax. “Christmas has come early for the government,” said Shaun Moore, tax and financial planning expert at Quilter, with the higher tax receipts allowing the amount the government borrowed [...]
Government borrowing plummets thanks to rising tax take December 20, 2024 Government borrowing dropped to £11.4bn in November, £3.4bn lower than last year, as higher tax receipts and lower debt interest gave the government a much needed boost. With the lowest November borrowing in three years, the current budget deficit, or amount of borrowing to fund day-to-day public sector activities, also dropped by more than a [...]
Bleak midwinter for the economy? It could be worse… December 19, 2024 The political and economy outlook for the UK may seem gloomy, but spare a thought for our European counterparts, says Tim Sarson It’s the last working week of 2024 for many of us. I’ll be switching off the laptop on Friday afternoon and packing up for what I hope is a restful Christmas break, give [...]
Gary Lineker won’t be the last celebrity to fall foul of HMRC December 10, 2024 With the government’s efforts to close the tax gap, high profile individuals like celebrities, athletes and entertainers, are increasingly finding themselves under HMRC’s scrutiny, says Phil Clayton Gary Lineker is making the headlines once again – this time as a result of HMRC’s continued efforts to overturn the First Tier Tribunal’s (FTT’s) decision on £4.9m [...]
Firms set to hike prices, reduce pay and cut staff, Bank of England survey shows December 5, 2024 More than half of firms surveyed by the Bank of England expect to raise prices in response to the Budget.
Bank of England: Andrew Bailey names ‘biggest issue’ after Budget tax hikes December 4, 2024 "How companies balance the mixture of prices, wages, the level of employment, what is taken on margin, is an important judgement for us," he said.
Budget tax hikes send business confidence to two year low, survey shows December 4, 2024 S&P's purchasing managers' index (PMI) for the services sector showed that business expectations for the year ahead were at their lowest level since December 2022.