Labour policies could cause run on sterling, says think tank Cebr November 25, 2019 A Labour government could cause a run on the pound due to market fears over the party’s stewardship of the economy, a leading economic think tank has said. Douglas McWilliams, director of the Centre for Economics and Business Research (Cebr), called Labour’s plans to raise £83bn a year through higher taxes by 2023-24 “improbable”. Read [...]
Here’s how much you need to earn to be considered rich November 22, 2019 A fiery debate was sparked last night about what makes a person “rich” after a man on BBC Question Time wrongly claimed he was not even in the top 50 per cent of earners – despite bringing home £80,000 a year. The man laid into Labour candidate Richard Burgeon, who was on the show to [...]
This election is a battle Labour does not deserve to win November 22, 2019 In 2004, the US chat show host Oprah Winfrey gave away a brand new car to each member of her studio audience. It was badged as an act of unparalleled generosity — though, as is the way of these things, the reality was more complicated. Gift taxes hit recipients hard — and the cars themselves [...]
National insurance payment cut to mostly benefit middle and higher-earners, says IFS November 21, 2019 Prime Minister Boris Johnson’s plans to raise the national insurance contribution (NIC) threshold would mostly benefit middle and higher-income households, the Institute for Fiscal Studies (IFS) has said. The Conservatives intend to raise the point at which workers pay national insurance to £9,500 in 2020/21 from its currently-planned level of £8,788. The party also intends [...]
General Election 2019: City urges rethink over Labour’s ‘hostile’ manifesto November 21, 2019 City figures have urged Labour to reconsider its combative position towards business and the City after Jeremy Corbyn revelled in the “hostility” his new manifesto would bring. Corbyn unveiled his “radical” vision for a Labour government this morning, with a document setting out the details of how the party would pay for its spending spree, [...]
Labour’s ‘self-destructive’ manifesto will drive billions away from UK, business groups warn November 21, 2019 Labour’s “self-destructive” manifesto will drive billions out of the UK, leaving everyone in the country poorer, business groups, lawyers and think tanks have warned. Jeremy Corbyn unveiled his “radical” vision for how a Labour government would tackle inequalities in Birmingham earlier today. Among the changes revealed in the manifesto in order to fund £83bn of [...]
Labour manifesto: Capital gains tax hike to fund £83bn spending spree November 21, 2019 Jeremy Corbyn is planning a raid on the UK’s higher earners as part of plans to fund its commitment for nearly £83bn on day-to-day spending, the Labour manifesto revealed today. In what Corbyn dubbed a “radical” manifesto, launched in Birmingham today, he revealed that a Labour government would change how capital is taxed, bringing it [...]
General Election 2019: Liberal Democrats pitch party as ‘natural home of business’ November 20, 2019 The Liberal Democrats are pitching themselves as the “natural home of business” with a slew of policies due to be unveiled in the party manifesto that it claims will bolster the UK’s economy. Warning of challenges including artificial intelligence, climate change and Brexit, the Lib Dems argue that the two main parties are backwards looking [...]
General Election 2019: Labour pledges would hike taxes for 1.9m, IFS report claims November 20, 2019 A Labour government would raise taxes for nearly two million people before the end of Jeremy Corbyn’s first full term – in a move that could end up costing the country £1bn – according to the Institute for Fiscal Studies. The party is planning to introduce a new 45 per cent income tax rate for [...]
Four areas that the next government must focus on November 14, 2019 Britain is facing a momentously critical General Election. Beyond this vote, there are unprecedented challenges and opportunities ahead in the short and long term. Regardless of the outcome, several areas will demand clarity, close attention, and innovative solutions from our next government. 1. Brexit quandary Economic confidence has fallen heavily in recent years. ACCA’s Global [...]