Rise in capital gains tax on the cards as Chancellor Hunt scrambles to raise £50bn November 4, 2022 As the Chancellor is weighing up “difficult decisions” to address a £50bn black hole in the public finances, Jeremy Hunt is looking at raising taxes on the sale of assets such as shares and property. Hunt is also considering an increase in dividend tax, in a move that would come as a blow to entrepreneurs. [...]
Our Channel dilemma won’t go away until we overhaul the asylum system November 4, 2022 Over the last few days, we’ve heard incredibly troubling stories coming out of the Manston centre holding migrants who crossed over the Channel. The facility is holding as many as 2,000 more people than it has capacity for, with few coherent plans to deal with the delays. The overcrowding has left families sleeping in marquees, [...]
Scrimping and saving by culling more transport investment will hurt all of us November 4, 2022 If ministers think HS2 doesn’t work in its current planned form, why not work out a way in which it does, rather than simply abandoning it as a white elephant?
UK’s new government should simply ‘get on’ with audit reform, letter to Rishi Sunak says November 4, 2022 The UK’s new government should simply “get on” with plans to overhaul the audit sector, to ensure the long-term stability and resilience of Britain’s economy, the head of one of the country’s largest accountancy sector trade bodies has said. In three separate letters to prime minister Rishi Sunak, business secretary Grant Shapps and chancellor [...]
Breezy does it: Wind generates 20GW for the first time ever November 3, 2022 Wind power generated more than 20GW of power domestically for the first time ever yesterday, revealed National Grid.
Harbour Energy warns raising windfall tax could risk UK investments November 3, 2022 Harbour Energy has warned it will have to reconsider investments in the UK, if the windfall tax is further expanded.
Bank of England delivers largest rate hike since 1989 and signals more to come November 3, 2022 The Bank of England today hiked interest rates by the largest amount since 1989 and signalled more rises are coming. The Bank’s rate setting committee voted unanimously to lift borrowing costs 75 basis points to three per cent, the highest level since 2008 and the eighth rise in a row. The pound shed more than [...]
Exclusive: City grandee to step down as Tory party Treasurer November 3, 2022 Malik Karim, the founder and CEO of Square Mile investment banking firm Fenchurch Advisory, is to stand down as Treasurer to the Conservative party. City A.M. understands Karim will become an advisor on fundraising to the new Tory party chairman, Nadhim Zahawi, Karim, who founded Fenchurch in 2003, served as the party’s treasurer for just [...]
UK government is shifting its attitude over crypto – Westminster is backing this horse! November 3, 2022 There's growing movement in both the Houses of Commons and Lords that is slowly but surely embracing a future with cryptocurrency.
UK will not move Israel embassy from Tel Aviv to Jerusalem November 3, 2022 The UK will not move the British embassy in Israel from Tel Aviv to Jerusalem, after a review launched by ex-Prime Minister Liz Truss. A spokesperson for Prime Minister Rishi Sunak today said “it was looked at and I can confirm there are no plans to move” the embassy. Number 10 was unsure whether the [...]