Private school fees VAT hike to take effect on New Year’s Day December 29, 2024 Private school fees are to become subject to VAT from New Year’s Day as ministers reportedly draw up plans to handle a potential wave of school closures. The government’s policy to end the charitable status of fee-paying schools which exempts them from paying 20 per cent value added tax (VAT) to the Treasury as of [...]
Small boat Channel crossings continue after migrant total reaches 150,000 December 28, 2024 Small boat crossings have continued in the English Channel on Saturday despite the morning’s foggy conditions. Pictures showed the Dungeness lifeboat bringing a number of people, thought to have been picked up from a small boat in the Channel, into the port at Dover. The latest arrivals follow crossings made on Christmas Day, Boxing Day [...]
Starmer demands ‘concrete proposals’ on growth from regulators December 28, 2024 The Prime Minister has called on Britain’s regulators to do more to prioritise growth as he seeks to improve living standards by 2029. In letters sent last week, Sir Keir Starmer, Chancellor Rachel Reeves and business secretary Jonathan Reynolds said they wanted to see “concrete proposals” from regulators setting out how they could “go further” [...]
Preparations set for private school closures due to VAT on fees December 27, 2024 Draft plans to handle a potential surge in demand for state school as concerns mount that some private schools may close due to plans to charge VAT
UK retail sector faces mounting pressures after Budget, warns Begbies Traynor December 27, 2024 UK retailers in critical financial distress has surged by more than 25 per cent, marked by weaker-than-expected retail sales and Budget uncertainty
UK economy flatlined last quarter revised figures reveal December 23, 2024 The latest revised figures from the Office for National Statistics have revealed the UK economy did not grow in the third quarter of this year. The statistics watchdog had previously said the economy grew 0.1 per cent in the third quarter. However, according to the latest figures, the economy flatlined, leaving the UK with no [...]
Can you complete City AM’s Politics Quiz of the Year 2024? December 23, 2024 It’s been a busy year for politics in 2024. From elections in the UK and US, Labour’s first Budget in 14 years, farmers protests and more, how well do you remember the twists and turns of the past 12 months? Well, while you’re enjoying a mince pie and glass of Baileys, we’ve put together a [...]
A look back at the highs and lows of politics in 2024 December 20, 2024 With elections in the UK and US in 2024, a new government, and a fresh opposition leader, watchers of Westminster and elsewhere have had a busy year in politics. At City AM we’ve followed every twist and turn as Labour secured an election victory in July, Donald Trump pulled off a White House comeback and [...]
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 [...]