Reeves set to meet with tech firms in bid to boost investment in UK November 27, 2024 Chancellor Rachel Reeves is set to hold a private meeting with figures from a number of leading tech companies this morning and encourage them to expand and invest in the UK. City Minister Tulip Siddiq, the head of the FCA Nikhil Rathi and chief executive of the London Stock Exchange Julia Hoggett will also attend [...]
Bricking it: Building materials firms fear for the future after inheritance tax overhaul November 26, 2024 Huge numbers of building materials companies across the UK have been left fearing for their futures, and could be forced to radically scale back their operations, following the government’s overhaul of the inheritance tax system. Changes announced by Rachel Reeves in the Autumn Budget mean that family businesses with assets over £1m will, for the first [...]
Russia expels UK diplomat over spying claim November 26, 2024 Russia has expelled a British diplomat and accused him of spying. The UK’s ambassador to Moscow has also been summoned by the Ministry of Foreign Affairs. The moves come amid escalating tensions between Moscow and western countries over Ukraine. The UK diplomat has had his accreditation revoked and must leave the country, news agency Tass [...]
Employment Rights Bill slammed as ‘not fit for purpose’ by watchdog November 25, 2024 Labour’s Employment Rights Bill is ‘not fit for purpose’ according to a formal assessment by a leading government body. The Bill, which is being spearheaded by Angela Rayner, is aimed at tackling low pay, poor working conditions and a lack of job security. However, the Regulatory Policy Committee (RPC) has said the government’s own impact [...]
Barclays and Aviva help raise £250m to support female entrepreneurs November 25, 2024 The Invest in Women Taskforce has secured over £250m from investors, including Barclays, Morgan Stanley and Aviva, to fund the support of female entrepreneurs. The Taskforce was set up to boost investment in female-led companies and improve access to funding for entrepreneurs. The £250m fund, which was announced today, will be deployed via female investment [...]
Rightwing MPs push general election petition as it passes one million signatures November 24, 2024 A host of rightwing politicians have been pushing a petition online calling for a general election, which has now gathered over one million signatures.
Private equity firm snaps up Evelyn Partners accounting arm for £700m November 24, 2024 British private equity firm Apax has bought Evelyn Partners accounting arm for £700m, according to reports. Apax was in a bidding war with private equity peer Bridgepoint to snap up the professional services unit, which includes the business formerly known as Smith & Williamson that Evelyn Partners bought back in 2020. But Apax emerged the [...]
Jeremy Clarkson backpedals on previous claim he bought farm for tax reasons November 23, 2024 Jeremy Clarkson has backpedalled on his previous comments about why he bought his farm, saying he thought it would be a “better PR story if I said I bought it to avoid paying tax”. The TV presenter and journalist defied doctors’ orders by joining thousands of farmers in London on Tuesday to protest against agricultural [...]
Trump taps Scott Bessent for Treasury, capping long drama over choice November 23, 2024 President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose, especially given his plans to [...]
Cop29 draft finance deal rejected as negotiators walk out of UN climate talks November 23, 2024 The latest rough draft of a deal on climate finance is thought to have been soundly rejected by developing economies at Cop29, a day after the UN summit was scheduled to finish. Negotiators from rich and poor nations are huddled in one room as the talks to reach a deal on money for developing countries [...]
