Digital nomads costing UK economy £3bn a year March 6, 2025 The UK is missing out on over £3bn of consumer spending and £320m of lost VAT a year because of the rising popularity of ‘digital nomad’ schemes among British citizens. According to a fresh study from Public First, the modish regimes – which promise professionals long-term work visas without having to become fully-fledged tax residents [...]
Oak Furnitureland battles rising costs as sales cut March 3, 2025 Oak Furnitureland remains in the red as a catalogue of issues impacted its sales during its latest financial year. The Swindon-headquartered retailer has revealed its revenue fell by 17 per cent to £236m in the 12 months to the end of June 2024 because of “a soft market, the Red Sea disruption and the subsequent [...]
Should I get an Innovative Finance ISA? March 3, 2025 Innovative Finance ISAs offer retail investors an alternative to more conventional savings accounts, although some financial advisers are cautious about the risk that comes with these products. IFISAs are designed to include more long-term, less-liquid investments. These can include peer-to-peer loans, crowdfunded debt issued by companies, and bonds issued by charities. As with all ISAs, [...]
Should I invest for my child’s future with a Junior ISA? February 28, 2025 In a world of soaring costs, expensive university fees and eye-watering house prices, parents would do well to invest in their children before they enter adulthood. Parents surveyed by the Be Clever With Your Cash money site last year said that they were putting £750 a year for each of their children, while their kids [...]
Family businesses trying to avoid capital gains are exposed if divorce occurs, lawyers warn February 27, 2025 Lawyers warned family businesses, including farms, who are rushing plans to avoid capital gains tax could be exposed to future risks should there be a divorce in the family
Serco’s profit jumps as defence arm grows February 27, 2025 Serco has posted revenue of £4.8bn for 2024, in line with prior guidance, thanks to a notable improvement in organic growth, particularly in its North American Defence business. Serco, the global provider of public services, reported underlying operating profit growth of 10 per cent to £274m, with a sharp 30 per cent increase in the [...]
Analysts slap 359p price target on Barclays shares after results February 25, 2025 Analysts have reiterated their ‘Buy’ rating on Barclays shares after the lender beat expectations when it reported results earlier this month. The FTSE 100 lender booked a profit before tax of £8.1bn in 2024, ahead of the £8.07bn estimated. “We believe strong capital generation should support a higher valuation and plans to return more than [...]
A seismic election won’t deliver the change Germany needs February 24, 2025 Friedrich Merz has emerged victorious in a general election which saw dramatic changes in German politics – but given that his party is responsible for many of the country’s problems, a radical about turn looks unlikely, says Rainer Zitelmann Friedrich Merz’s center-right Christian Democratic Union (CDU/CSU) emerged victorious in Germany’s general election, securing 28.6 per [...]
A guide to ISAs: The different options for savers February 24, 2025 An Individual Savings Account (ISA) is a tax-efficient way to save or invest. It allows you to earn interest or returns without paying income or capital gains tax. There are five different types of ISAs to suit various financial goals. Understanding the different options will help you choose the right one for your needs. 1. [...]
What happened when Latin America’s most free economy elected a socialist? February 20, 2025 Chile was the most capitalist country in Latin America and had prospered as a result. But since the election of socialist Gabriel Boric in 2021, all that has changed, says Rainer Zitelmann My trip around the world took me to Chile twice, in May 2022 and November 2023. After you’ve been to countries like Colombia, [...]