Ministers refuse to rule out hike to employer national insurance rate October 14, 2024 The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto [...]
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
Reeves shakes up state-owned banks in bid to unlock flood of start-up cash October 14, 2024 Chancellor Rachel Reeves has shaken up the mandate of two state-owned development banks today as part of efforts to divert billions of pounds of investment into high-growth British start-ups.
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas October 14, 2024 The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Wizz Air, Easyjet and IAG: Short sellers circle London-listed airlines October 14, 2024 Five short sellers have taken out positions against the three major airlines that hold listings on London's FTSE 100 and FTSE 250 indexes.
Cold-weather athleisure trends with sky-high profits October 14, 2024 Athleisure is now worth a cool $396.7bn globally, and with no signs of slowing down, the market is set to skyrocket to $920bn by 2034.
Hargreaves Lansdown: Don’t leave retail investors out of the Budget October 14, 2024 Hargreaves Lansdown has called for the government to not leave retail investors behind in this month's Budget.
Introduce inheritance tax bands to make system fairer, think tank says October 14, 2024 Demos said these changes would support the government's objective of lowering the tax burden on working people while also making the system "more progressive".
S&U: City regulator lifts collection restrictions on motor finance lender October 14, 2024 Specialist lender S&U said the City regulator agreed to remove collection process restrictions on its motor finance business after blaming the measures for a slide in profit this year.
