Bevis Marks: Rayner could block skyscraper amid historic synagogue fears November 26, 2024 Deputy Prime Minister Angela Rayner could intervene in the planning bid for a City of London skyscraper amid a long-running row with an historic synagogue in its shadow. Her warning came as part of the latest instalment of a long-running planning saga over a proposed 43-storey tower at 31 Bury Street. The skyscraper, it is claimed, [...]
FCA fines Macquarie Bank for fictitious trades after ‘serious failings’ November 26, 2024 Macquarie Bank’s London branch has been slapped with a £13m fine for “serious failings” which allowed one of its employees to record 400 fictitious trades. The Financial Conduct Authority (FCA) penalised the firm based on activity between June 2020 and February 2022. Trader Travis Klein, based on Macquarie Bank Limited’s (MBL) London metals and bulks [...]
Budget uncertainty has gone but odds have been stacked against business November 22, 2024 If Rachel Reeves thought certainty would cure the UK economy’s growth problem, she was wrong. She’s just pitted consumers against retailers. This data-heavy week has reflected that uncertainty over the Budget has not been cured by policy which heaps pressure on business. We’ve had inflation rising, debt compounded, inheritance tax receipts soaring, farmers protesting, the [...]
Gatwick Airport chaos as south terminal evacuated over ‘security incident’ November 22, 2024 Gatwick Airport’s south terminal has been evacuated due to a “security incident”, disrupting thousands of passengers getaways. Britain’s second-biggest airport said it was investigating the incident and trying to sort it as quickly as possible. National Rail warned the station serving the airport is closed, and the incident is likely to last until 2pm. In [...]
Games Workshop: Warhammer-maker’s shares boom on positive outlook November 22, 2024 FTSE 250 firm Games Workshop’s shares soared after the open this morning, following a positive trading update. The Warhammer-maker’s stock rose by almost 14 per cent in early trades, after a rosy outlook in a brief statement to markets this morning. The company said it was “pleased to announce” that since late September when it [...]
Retail sales fall on Budget uncertainty before run-up to Christmas November 22, 2024 Retail sales fell by almost one per cent last month as cash-strapped Brits held back big ticket purchases amid a cloud of Budget uncertainty. The Office for National Statistics said this morning they dropped by 0.7 per cent in October, following a 0.1 per cent rise the previous month, which had been revised down from [...]
Homeowners face massive inheritance tax hike after Budget hit November 21, 2024 London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]
Inheritance tax receipts rise as Brits warned to ‘make plans to pass on wealth’ November 21, 2024 Inheritance tax receipts have risen again as experts are warning Brits to better plan for the passing on of wealth, after the Autumn Budget changes. Fresh figures released this morning show inheritance tax receipts for between April and October of this year are £5bn, which is £500m higher than the same period last year. This [...]
Borrowing in October hits second-highest on record after inflation blow November 21, 2024 The government borrowed £1.6bn more in October than the previous year, making it the second-highest figure for the month in more than 30 years. The government’s borrowing – the difference between spending and income – hit £17.4bn in the last month, the Office for National Statistics said this morning. The body said the government’s current [...]
Lidl boss warns retailers are ‘reeling’ after Budget tax raid November 20, 2024 The boss of budget supermarket Lidl has warned retailers are “reeling” following Labour’s tax raid in the Autumn Budget. The German supermarket’s UK boss Ryan McDonnell said the discount brand was staring down the barrel of “tens of millions of pounds” in extra costs. This comes after the Chancellor unveiled a £25.7bn tax-raising package, with [...]
