Growth set to return but fears persist ahead of budget October 7, 2024 City economists expect figures published on Friday to confirm that the UK grew 0.2 per cent in August, having been stagnant for the two months prior.
Retail bosses urge Chancellor to reform business rates to boost growth October 7, 2024 The letter, co-ordinated by the British Retail Consortium (BRC), argued the retail industry paid 7.4 per cent of all business taxes when it only made up five per cent of the overall economy.
Here’s what the government should do to fix business rates October 7, 2024 Businesses are calling for certainty. What they don’t need is a knee-jerk reaction on business rates from the government, writes David Jones
Fears grow about Labour’s private school VAT raid October 6, 2024 According to analysis published by the Independent Schools Council (ISC) last week, there was a 1.7 per cent drop in the number of children attending private school in the last year.
Ex-cabinet secretary says £200,000 job is ‘massively underpaid’ October 6, 2024 Ex-cabinet secretary Gus O'Donnell has said the UK's most senior civil servant is "massively underpaid" at £200,000 per year.
US inflation to take centre stage after bumper jobs report October 6, 2024 Economists expect the headline rate to fall to 2.3 per cent from 2.5 per cent, which would leave inflation at its lowest level since February 2021.
TGI Fridays rescue deal nears completion October 6, 2024 A rescue deal for TGI Fridays’ embattled UK operations is set to be finalised over the weekend, potentially saving over 2,000 jobs. Breal Capital and Calveton, owners of restaurant group D&D London, are expected to acquire a majority stake in the American diner-inspired restaurant chain as soon as Monday, according to Sky News. Final details are [...]
IFS joins calls for ‘serious reform’ of capital gains tax October 6, 2024 Rachel Reeves is reportedly considering a range of tax hikes in the budget, including to CGT, as she seeks to put the public finances on surer footing.
Build more data centres or lose AI race, London warned October 6, 2024 Britain can cement itself as a leader in generative AI, but it needs to scale up its digital infrastructure, according to the UK and Ireland managing director of data centre REIT giant Digital Realty. Speaking to City AM, Séamus Dunne said building more data centres in the capital is crucial to support the next phase [...]
US bidder Dovid Efune set to buy Telegraph for £550m next week October 6, 2024 Dovid Efune, the owner of the New York Sun, is reportedly on the verge of buying The Daily Telegraph and its Sunday title for £550m, with signs a deal could be inked as early as next week. This weekend, Efune was engaged in advanced discussions with Redbird IMI, the current proprietor of the British broadsheet, although [...]
