VW-backed car hire giant plunges to £43m loss as tax hikes bite Business One of the UK’s biggest car hire businesses has taken aim at government tax hikes after it plunged to a £43.2m loss. Europcar UK, which is backed by German carmaker VW, recorded a profit of £7m in 2024 but its fortunes went into reverse gear a year later amid rising costs and weak demand. Europcar [...]
Personal allowance hike on the menu at October Budget Tax The Chancellor is weighing up proposals to raise the personal allowance at next month’s Budget in what could be the biggest shake-up to income tax rules in years. John Healey is reportedly considering unfreezing the income threshold at which earners start paying tax from £12,570 to as much as £15,570. The unfreezing would be the [...]
Reform-linked think tank calls for sweeping City deregulation and tax cuts Politics A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate. The Centre for a Better Britain has called for the abolition of capital gains taxes and [...]
Burnham: Rejoining the EU is a debate ‘for another day’ September 22, 2026 Andy Burnham has refused to rule out launching a bid for the UK to rejoin the EU, saying the debate is “for another day.” Speaking to reporters in New York at the United Nations summit on Tuesday, the Prime Minister said his priority was to “build on the good work that Keir [Starmer] did in [...]
