Business confidence in UK economy falls ahead of Reeves’s maiden Budget October 28, 2024 Lloyds' Business Barometer fell by three points to 44 in October, down three points on the month before and a four-month low.
Why businesses are nervous ahead of the Budget October 28, 2024 Businesses are wary as Chancellor Rachel Reeves puts the final touches to her first Budget.
Calls grow for Reeves to step back from capital gains tax raid on entrepreneurs October 28, 2024 Over a thousand entrepreneurs have signed an open letter to the Chancellor Rachel Reeves warning of the punitive effect of a potential hike in capital gains tax at the Budget on 30 October. Nearly 1,200 entrepreneurs have now warned of the risks that could follow the rumoured rise in Capital Gains Tax (CGT) and restriction [...]
Back to the 80s: Why we need to start celebrating business October 28, 2024 When Bernard Fairman founded Foresight Group, Britain had a favourable tax and regulatory environment and a culture that encouraged entrepreneurialism – and the economy boomed as a result Growing the economy is the “first mission” of the new government, with much of what Sir Keir Starmer wants to do over the next decade being reliant [...]
Revolut: US investor tried to scoop up cheap shares with Budget tax warning October 27, 2024 A US private equity firm tried to leverage fears of a capital gains tax raid in the Budget as it sought to grow its Revolut stake at a heavy discount, City AM can reveal, in a move foiled by the City regulator.
Starmer denies misleading the public over tax rises in Labour manifesto October 26, 2024 Sir Keir Starmer has denied misleading the public at the general election over tax plans after he suggested people who make money from shares and property could face greater levies. The Prime Minister rejected claims he was waging a “war on middle Britain” amid pre-Budget speculation he could increase the burden for those who have [...]
Private equity tax grab could raise nearly £1bn, study finds October 26, 2024 Bringing the tax on profits earned by private equity bosses in line with income tax could raise up to £1bn, a fresh study from a respected think tank has found. Researchers from the Centre for the Analysis of Taxation’s (CenTax) estimate that taxing carried interest – often referred to as ‘carry’ – at the same [...]
Can the government tax its way to a building boom? October 26, 2024 Labour have big plans for house building and infrastructure so what can we expect on property taxes in the Budget? Tim Sarson has the answers Cut through the post-election chatter about black holes and freebies and there is one theme that keeps coming up as a top political priority. Building things. I can’t remember a [...]
Most Brits worried about tax hikes, survey reveals October 25, 2024 With the Budget just less than a week away, a recent survey reveals that most Brits are worried about potential tax hikes, yet the poll highlights a divide on tax strategy. According to a survey by AJ Bell conducted from October 2-4, representing 2,054 UK adults, two thirds of respondents expressed concerns around their personal [...]
Starmer: People who receive income from shares aren’t working people October 25, 2024 Sir Keir Starmer has said that people who get additional income from shares or other assets do not count as 'working people'.