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 [...]
Speedy Hire striding forward as profit and revenue grow November 13, 2019 Speedy Hire, the UK’s leading tools and equipment rental company, posted strong interim results this morning, with profit and revenue up 20 and six per cent respectively. Read more: Speedy Hire profits jacked up as small business strategy pays off The figures Profit before tax reached £16.4m, up from £13.5m for the same period in [...]
What Thomas Cook’s collapse tells us about the power of disruption November 4, 2019 Whilst the failure of UK holiday firm Thomas Cook was sudden and a considerable shock to many, the writing has been on the wall for some time now. Driven by technology and specifically by the advent of online booking and reservation systems, the travel industry has long been undergoing a radical transformation across each of [...]
HSBC profit sinks as bank says performance is ‘not acceptable’ October 28, 2019 HSBC has called parts of its performance “not acceptable” as it revealed an 18 per cent drop in third quarter profit today, fuelled by weak results in its European and US divisions. The figures Profit before tax dropped 18 per cent to $4.8bn (£3.8bn) in the three months to the end of September to fall [...]
Chuka Umunna: Why Labour’s former star politician wants a City seat for the Lib Dems October 14, 2019 Not so long ago, Chuka Umunna looked like a Labour leader in waiting. The Lambeth-born smooth-talking solicitor-turned-politician, who counts rapper Tinie Tempah as one of his friends, was the cool one in Ed Miliband’s shadow cabinet. After the shock election result in 2015 prompted a Labour leadership campaign, the Streatham MP surprised no one by throwing his [...]
Rising Risk (Part I): Accounting shenanigans and alternative investments October 2, 2019 In this first instalment of a two-part piece, Sebastien Canderle says PE fund managers are getting creative with their accounting – and EBITDA seems particularly malleable. Seasoned auditors know that the risk of fraud increases when a client experiences brisk organic growth or M&A activity. During the 1990s, the most spirited dealmakers included telecoms operators [...]