Labour’s national insurance hike could cost workers hundreds October 28, 2024 HMRC's projections suggest that a two percentage point hike to employers' national insurance would raise £18bn.
Another investment trust bites the dust: Abrdn’s Asia Dragon set to merge October 28, 2024 Abrdn’s chronically underperforming Asia Dragon trust is set to merge with Invesco’s Asia investment trust. Despite being the larger of the two trusts, the £682m Asia Dragon trust will be taken over by the £219m Invesco Asia trust, which analysts said was due to the latter’s better performance. Abrdn’s Asia Dragon launched a strategic review [...]
Keir Starmer: ‘I will defend our tough decisions all day long’ October 28, 2024 Speaking in Birmingham ahead of the Budget, the Prime Minister said politicians needed to be honest with the public about the difficult decisions facing the government.
Odey Wealth Management enters liquidation October 28, 2024 Odey Wealth Management, a subsidiary of Crispin Odey’s asset management firm, has filed for voluntary liquidation a year after it began winding down its business. Wealth management and accountancy firm Evelyn Partners was brought in as its liquidator last week after the process was approved by the company’s board on 10 October, Companies House filings [...]
24 Hours in Police Custody helps Channel 4 treble Youtube views October 28, 2024 Channel 4 has tripled its UK Youtube full-episode views in 2024 as the broadcaster accelerates its social media strategy to capture new audiences. The British network’s social output has reaped 1.8bn views so far this year, driven by soaring Youtube audiences. Total views of Channel 4 content on Youtube are up 43 per cent from [...]
Lloyds shares slump as analysts warn of £3.9bn motor finance bill October 28, 2024 Shares in Lloyds Banking Group and Close Brothers fell further on Monday after a landmark London court ruling that could expose motor finance providers to billions in extra compensation.
Why these City firms will be the winners and losers of Rachel Reeves’s Budget October 28, 2024 Nervousness has gripped the City over the past month. A vacuum of fiscal policy has been filled by speculation and companies are scrambling to draw up plans ahead of a potentially punitive tax-raiding Budget from Keir Starmer and Rachel Reeves. Among the most gloomy warnings have been an inadvertent gutting of London’s junior AIM market [...]
Jeremy Hunt accuses OBR of making a ‘political intervention’ over Labour’s blackhole review October 28, 2024 Chancellor Rachel Reeves has used the supposed existence of the £22bn blackhole as a justification to hike taxes in Wednesday's Budget.
Wise boss fined by City regulator for ‘significant tax issue’ October 28, 2024 The Financial Conduct Authority (FCA) said the issue was relevant to its "assessment of Mr Käärmann's fitness and propriety" and he had therefore breached a senior manager conduct rule.
Plus500: Expansion plans pay off as revenue jumps October 28, 2024 Fintech firm Plus500 said its expansion plans were paying off after reporting an increase in client numbers and higher revenue.
