Retail traders scared off UK investing by Rachel Reeves’ Budget February 11, 2025 Retail traders have been scared off from investing in the UK market in response to the most recent Budget from Chancellor Rachel Reeves, a new survey has found. More than a quarter of retail investors (26 per cent) have cut their investment in the UK in response to the Budget, data from Graniteshares showed. One [...]
BP to target shareholder returns as firm plans fundamental reset February 11, 2025 Oil and gas giant BP has promised to “fundamentally reset” its strategy and improve its performance after profit crashed last year. On Tuesday, the group reported a near 50 per cent decline in profit for the fourth quarter due to a collapse in profit at its refining arm. The results prompted boss Murray Auchincloss to [...]
Post-Brexit immigration wave could cost Brits £234bn February 11, 2025 The City of London is an immigration success story, but most of those who have entered the country since we ‘took back control’ of our borders will never pay enough tax to cover the cost of the public services and welfare they consume, representing a net fiscal cost of £8,200 for every UK household, says [...]
Exclusive: Investment platforms flouting tax rules on ISA stocks February 6, 2025 Almost all UK investment platforms have been breaking HMRC rules by allowing stocks ineligible for tax relief to be put in ISAs, a City AM investigation has revealed. AJ Bell, Fidelity, Interactive Investor and many others have been allowing stocks that should not get tax-free status to be added to ISA portfolios, meaning capital gains [...]
UK fund investors give government’s growth plans a ‘clear thumbs down’ February 5, 2025 British investors continued to flee London’s stock market in January in a “clear thumbs down” to the government’s growth agenda, according to a closely watched funds survey. UK-focused equity funds shed some £1.07bn through January in the sixth worst month on record despite the FTSE 100 hitting an all-time high, according to data from funds [...]
London prime property prices dip as Budget raid deters wealthy buyers February 4, 2025 Prices for London prime properties remain far below their 2014 peak, with double-digit discounts on asking prices to be found in some areas of the capital. The average reduction in the original asking price for houses over £1m in Greater London was £200,100, according to Investec, but some areas saw a 11.3 per cent discount. [...]
Gold rush: Royal Mint says investors flocking to buy bullion before new tax year February 3, 2025 Gold bullion sales are soaring as investors seek to protect themselves against political and economic turmoil – and from capital gains tax too. The Royal Mint says its revenue from gold bullion sales rose nine per cent over 2024 to reach a new record high. These sales rose 153 per cent in the final quarter [...]
More than 10,000 millionaires have left Britain in a year – this is where they’re all going January 31, 2025 More than 10,000 millionaires left Britain last year, partly to avoid higher taxes – with many quitting for more glamorous destinations. In total Britain lost a net 10,800 millionaires in 2024, according to the New World Wealth (NWW) analytics firm, more than any other country except China. That is a rise of 157 per cent [...]
The Capitalist: Pedicabs, WH Smith and HMRC hang-ups January 30, 2025 Pedicab politics, the demise of WH Smith and taxman ghostings: catch up on the latest gossip in this week's edition of The Capitalist.
Show me my money! Four ways to get your finances in order before the new tax year January 30, 2025 The financial landscape is vast, and navigating it can be a headache, especially with a lot of change. However, with inflation still eating into savings, and a bigger tax burden on individuals looming for 2025, protecting your money and making sure it is working hard enough for you has gone from a nice-to-have, to a [...]