New data: UK tax take rising faster than any other rich country April 17, 2024 Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.
IMF says the UK will be the fastest-growing major economy in Europe next year April 16, 2024 The projections suggest the UK economy is unlikely to generate much momentum this year, and will lag all G7 economies apart from Germany.
Rachel Reeves tells the City she wants to close gender pay gap if she becomes first female chancellor April 16, 2024 Shadow Chancellor Rachel Reeves said Labour is "under no illusions about the scale of challenge Labour will inherit."
Leave London if UK markets are ‘unwilling or unable’ to engage, hedge fund tells Wood Group April 16, 2024 In the letter, which City A.M. has also seen, Sparta said it has been a shareholder in Wood since "early 2022," and during that time, the fund has been "frustrated by the continued underperformance of the shares."
UK economy grows in February as recovery gathers steam April 12, 2024 The figures will raise hopes that the UK economy can move on from a disappointing 2023.
Plans to stop NDA abuse provide clarity but aren’t radical, lawyers say April 10, 2024 Non-disclosure agreement (NDA) clauses that aim to stop victims reporting crimes to the police are “likely already unenforceable” under “current laws”, lawyers have said.
Should you buy NS&I’s British Savings Bonds or Premium Bonds? April 6, 2024 As the government launches its much-touted British Savings Bonds, City A.M. asks whether the product is worth investing in over Premium Bonds.
Thames Water default: What’s next for the company now it can’t officially pay its debts? April 5, 2024 Is Thames Water edging closer to a Bulb-style government bailout?
Treasury urged to reform tax system in bid to boost US-style philanthropy April 4, 2024 According to the Financial Times, Frazier is pushing the Treasury to move the tax regime towards a more US-style system.
Post Office scandal: Leaked recordings reveal bosses knew Fujitsu meddled with postmaster Horizon accounts April 4, 2024 Forensic accountants discovered direct instructions from the Post Office to Fujitsu, instructing the alteration of sub-postmaster accounts.