Top UK bankers warn prospect of windfall tax is spooking investors October 9, 2024 Top bankers have warned that tough regulation and high taxes are denting investment in Britain’s financial services sector ahead of Labour's much-anticipated Budget on 30 October.
This is how much sixty of the UK’s wealthiest people paid in income tax October 9, 2024 The figures, which were revealed thanks to a freedom of information request, demonstrate the large contribution made by the UK's richest individuals.
Keir Starmer refuses to rule out hike to employer national insurance October 9, 2024 “Increasing employer NICs would mean breaking a Labour manifesto promise, and small businesses would be rightfully outraged," Craig Beaumont, executive director at the Federation of Small Businesses (FSB) said.
1,500 City of London retailers set for surprise tax cut after ruling October 9, 2024 More than 1,500 retail shops in the City of London could see their tax bill slashed after a tribunal ruled a Cheapside store was paying too much in business rates. The Valuation Tribunal for England ruled that the rateable value applied to the main space of a City of London shop by the Valuation Office [...]
Will the last millionaire to leave Britain please turn out the light? October 9, 2024 More millionaires are leaving Britain than any other country in the world, taking with them investment, jobs and insights. And our loss is the rest of the world’s gain, says James Price Britain is due to suffer the biggest flight of millionaires out of any country in the world over the course of this next [...]
Marston’s in ‘strong’ position as pub chain outperforms market October 9, 2024 Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
Businesses ‘cautious’ about the future as tax fears dominate, survey shows October 9, 2024 This was the first time in a year that business confidence had decreased, although the ICAEW noted that confidence was still double the pre-pandemic average.
The threat of higher taxes is already harming growth October 9, 2024 An important reason why there was zero growth in June and July is that households are saving bigger proportions of their incomes, says Paul Ormerod The Chancellor, Rachel Reeves, had made no secret of her desire to make economic growth her top policy objective. She reinforced the message this week in an interview with the [...]
‘Challenging policy’: What the pushback to private school VAT plans reveals October 8, 2024 VAT… easy as ABC? It may not quite be Blair’s ‘education, education, education’ mantra, or Michael Gove’s multi-academy trusts. But for Sir Keir ‘my-father-was-a-toolmaker’ Starmer, there’s been one education policy that’s been front and centre of his manifesto and the first 100 days. This is, of course, the plan to impose VAT on private school [...]
Record number of millionaires to leave UK as top academics join calls for exit tax October 8, 2024 The UK is set to lose the greatest proportion of millionaires in the world in the next four years, new analysis suggests, as a group of respected academics joined growing calls for Rachel Reeves to introduce an exit tax at the upcoming Budget. The Adam Smith Institute’s (ASI) Millionaire Tracker – a new initiative from [...]