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'.
Budget: Labour grandee warns pension tax hike rumours are ‘very worrying’ October 25, 2024 Rumours over a hike in employer national insurance contributions on pensions in next week’s Budget have been described as “very worrying” by Labour grandee David Blunkett. Blunkett, who served in Tony Blair’s cabinet as home secretary and secretary of state for work and pensions, said he would “advise strongly against” the changes in a letter [...]
Consumers ‘despondent’ ahead of tax-hiking autumn Budget October 25, 2024 Neil Bellamy, consumer insights director at GfK, placed the blame for the decrease squarely on the Budget.
Labour is playing a ‘dangerous game’ with capital gains tax, think tank says October 25, 2024 Currently the rate for higher earners is 20 per cent, but it’s 24 per cent for residential property on secondary homes.
Two more venture capital trusts launch fundraising drive ahead of Budget October 24, 2024 Two venture capital trusts have launched fundraisers for £75m each as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. While the rate of capital gains tax sits at 20 per cent, rumours have swirled that Chancellor Rachel Reeves could double it at next week’s Budget. However, [...]
Rachel Reeves’ carry tax hikes are sensible, says private equity boss October 24, 2024 Rachel Reeves’ plans to tax private equity partners more onerously are sensible and concerns about them triggering an exodus of dealmakers from London have been overdone, a private equity boss has said. Rami Cassis, chief executive and founder of private equity boutique Parabellum, threw his weight behind the chancellor’s plans to bring carried interest – [...]
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]
Budget uncertainty sends economic activity down to lowest level in almost a year October 24, 2024 Uncertainty surrounding the Budget knocked economic activity in October, according to a closely watched business survey, as firms delayed decisions in the face of possible tax changes.