Family businesses trying to avoid capital gains are exposed if divorce occurs, lawyers warn February 27, 2025 Lawyers warned family businesses, including farms, who are rushing plans to avoid capital gains tax could be exposed to future risks should there be a divorce in the family
Week in Business: Will more defence spending mean higher taxes? February 27, 2025 Cutting the international aid budget to boost defence spending – sounds like a fair exchange in a time of war and hazard – but there’s more to this announcement than meets the eye. The Prime Minister was deadly serious when he stood up in the Commons this week to declare that the country faces a [...]
Is Kemi Badenoch up for the fight? February 27, 2025 What is Kemi Badenoch for? If you’re now asking yourself “who’s Kemi Badenoch?” then she really is in trouble. In the four months since being elected leader of the Conservative Party, she has attempted to make a virtue out of vagueness. She explains, not unreasonably, that her party has to reflect on what went wrong [...]
Donald Trump announces 25 per cent tariffs on EU imports February 26, 2025 Donald Trump has announced he plans to slap 25 per cent tariffs on imports from the European Union (EU) into the US. The US President slammed the European trading bloc, claiming it was set up to “screw” America, and had “done a good job of it but now I am President”. His comments came as [...]
Ex-British Airways cabin crew employment case takes off February 26, 2025 A group of ex-legacy cabin crew of British Airways are suing the airline for more than £500m over alleged unfair dismissal during the pandemic
PMQs: Starmer won’t confirm if Chagos deal money included in defence rise February 26, 2025 Keir Starmer has declined to confirm whether money spent on the Chagos Islands deal will be included in the rise in defence spending. The UK is in talks with Mauritius about handing over sovereignty of the British Indian Ocean Territory but leasing back the strategic Diego Garcia military base, which the US uses. The Prime [...]
Spring could prove to be an economic washout February 26, 2025 A modest burst of warm weather towards the end of last week may have coaxed the snowdrops and bluebells into life but don’t go dusting off the BBQ, as the cold isn’t done with us yet. Meteorologically speaking, Spring kicks in on 1 March but forecasters say the first month of the new season is [...]
‘Productivity argument’ against family firm tax breaks, IFS director argues February 25, 2025 There is a “productivity argument” against treating family businesses “generously”, the Institute for Fiscal Studies (IFS) director has argued, when asked about inheritance tax. Economist Paul Johnson addressed the National Farmers Union (NFU) conference in Westminster on Tuesday, which saw environment secretary Steve Reed’s speech interrupted by farming protestors, as well as NFU president Tom [...]
Legal watchdog re-examines Jonathan Reynolds solicitor claim February 25, 2025 The legal regulator said it will look at the Jonathan Reynolds claim to be a solicitor again after it became "aware of further information"
Defence spending to rise to 2.5 per cent by 2027 via aid cuts, Starmer confirms February 25, 2025 Sir Keir Starmer has announced the “biggest sustained increase in defence spending since the end of the Cold War” as he confirmed the UK would spend 2.5 per cent of GDP [gross domestic product] by 2027. The Prime Minister unveiled the policy in a statement to the House of Commons after reports he was set [...]