UK firms overpaying billions in corporation tax, research finds April 9, 2025 UK firms overpaid £14.2bn in corporation in the last tax year, according to research by a leading accountancy firm
If you think this government is pro-business, let me sell you Tower Bridge April 9, 2025 As the government continues to develop its response to Trump’s tariffs and the changing global economic order, the Prime Minister’s muddled thinking is troubling me. We now know that he wants to simultaneously “unleash” British business whilst “sheltering it from the storm,” like a parent who implores his child to “run, but not yet, and [...]
British Steel: ‘All options on table’ over nationalising Scunthorpe, Starmer says April 8, 2025 The UK is keeping “all options on the table” over the potential nationalisation of the Chinese-owned British Steel plant in Scunthorpe, Sir Keir Starmer has said. The Prime Minister insisted he understood the importance of the plant, which is Britain’s last remaining steelmaker, in a Q&A with the House of Commons Liaison Committee, after its [...]
Trump tariffs: No10 resists calls for ‘buy British’ campaign April 8, 2025 No10 has resisted calls for a “buy British” campaign in light of US tariffs, after the Chancellor slapped down the idea and suggested it could be a barrier to trade. Rachel Reeves warned against the UK becoming “inward looking” as she faced calls in the Commons to encourage the public to buy more British goods [...]
UK markets ‘functioning’ and banking system ‘resilient’, Reeves tells MPs April 8, 2025 Chancellor Rachel Reeves has spoken in the House of Commons on the “current economic situation” in the wake of US President Donald Trump’s sweeping new global trade tariffs. Addressing MPs ahead of Treasury questions, Reeves said the “implications have been reflected in the reaction that we have seen in global markets in recent days, which [...]
Reeves held responsible as marginal growth expected April 8, 2025 Chancellor Rachel Reeves has had to watch the UK economy trudge along since she took up residence at 11 Downing Street. But even more bad news has been forecast to come before another lot this summer, and potentially no better news later this year. This Friday, the Office for National Statistics (ONS) is poised to [...]
Trump’s trade war is a test for Starmer – I fear he’ll fail it April 8, 2025 Keir Starmer declared yesterday that we’re now living “in a completely new world.” He’s not wrong; Donald Trump has cut to shreds the established economic order and flung the pieces into the air. At this stage, where those pieces will land is anyone’s guess. So, Starmer is right to sense a moment. But what will [...]
Private equity will leave London if the government doesn’t listen April 8, 2025 Uncertainty over government plans to change the taxation of carried interest is driving privat equity away from London, says Edwin Richards Last week, some of the world’s biggest private equity firms urged the UK government to dilute proposed changes to the treatment of carried interest. But plenty are left wondering what this means in practice [...]
Major Companies House change launched as business leaders called to action April 8, 2025 Business leaders can now verify their identity on Companies House as part of a major drive designed to slash economic crime. As of today, 8 April, directors can voluntarily verify their identity before it becomes a legal requirement later this year. More than six million individuals will need to comply in the 12 months after [...]
Tariffs: Starmer commits to fiscal rules and not raising income tax and VAT April 7, 2025 Sir Keir Starmer has stressed his commitment to the government’s fiscal rules and reiterated he would not increase national insurance, VAT or income tax, despite Donald Trump’s tariffs upending government economic policy. The Prime Minister called for “cool heads” as global markets plunged in response to the US President’s sweeping global import taxes, and said [...]