Goldman Sachs expects tax hikes of ‘at least’ £20bn in Reeves budget September 10, 2024 Many potential tax reforms have faced criticism for their potential unintended consequences.
Equals: Payments fintech’s revenue jumps by a third amid record transaction values September 10, 2024 Payments fintech Equals Group has seen fees to financial advisers weigh on its earnings as it looks for a potential buyer, while revenue surged on the back of record transaction values.
Labour must address long-term sickness to get the economy growing September 10, 2024 Solving the problem of the UK's long-term sickness crisis could radically boost GDP and tax revenues. It should be a top priority for Labour, Chris Dorrell writes
Capital gains tax branded ‘ripe for reform’ ahead of Budget September 10, 2024 Capital gains tax is “ripe for reform”, a leading think tank has said, as Chancellor Rachel Reeves considers possible revenue raisers ahead of October’s Budget. With a range of potential tax rises on the table, the Resolution Foundation has joined a chorus of voices arguing that the levy needs to be reformed. In a report [...]
Labour’s upcoming tax rises – and what to do about them September 10, 2024 Here’s how wealth creators in the UK can navigate the upcoming tax changes, write Ollie Saiman and Katherine Waller As we approach the new government’s first budget it seems almost impossible to avoid the widespread speculation about what Halloween tricks or treats are going to jump out of the Chancellor’s red box on 30 October. Given the [...]
Ditch ‘short-sighted’ share tax and lean on City to back National Wealth Fund, Reeves told September 9, 2024 The Chancellor should axe the “short-sighted” tax on share trading and “sponsor” a set of listed investment vehicles in order to unlock funding for the government’s investment plans, a body of investors has said today. In a call to the chancellor, the Association of Investment Companies (AIC), which represents listed investment trusts in the UK, [...]
Investors pounce on start-up incentive scheme amid fears of Labour tax rises September 9, 2024 Flows into a government-backed scheme offering tax reliefs for investors in UK start-ups have surged since the general election, new data has revealed, as fears grow of possible tax rises under the new Labour government.
UK’s momentum remains ‘healthy’ ahead of latest GDP figures September 9, 2024 Economists think that the latest monthly GDP figures, set to be released on Wednesday, will show that the economy grew 0.3 per cent in July.
Pimlico Plumbers founder flushed out of Britain over fear of Labour’s tax rules September 8, 2024 The founder of Pimlico Plumbers has turned his back to London as the 71-year-old entrepreneur becomes displeased with speculation surrounding the new Labour government's budget plans.
UK house prices: ‘Only the Autumn Budget could derail this train’ September 6, 2024 UK house prices grew at their fastest annual rate since November 2022, although analysts have already started to warn about the effects of a potentially bruising Autumn budget. Prices rose by 4.3 per cent year on year and 0.3 per cent month on month, taking the price of the average property in the UK to £292,505, [...]