The departure of the super rich is an early warning siren for the rest of us September 18, 2024 Marcelo Goulart, managing partner at the Zurich-based wealth advisor First Alliance, has been so busy helping his clients leave the UK that he’s had no summer holiday. He tells City A.M. that 80 per cent of his “UK exposed” clients have either left the country or are in the final stages of doing so. He [...]
The Notebook: Investors pile into ISAs ahead of touted capital gains tax raid September 18, 2024 Investors spooked by the rumoured hike in capital gains tax are piling into ISAs, writes Interactive Investor's Myron Jobson.
Scrapping inheritance tax break on AIM stocks risks ‘irrecoverable damage’, City warns September 18, 2024 London's AIM is under threat of "irrecoverable damage" if Labour scraps the inheritance tax relief on the junior market's stocks, City analysts have warned.
UK tech faces talent exodus if founders are penalised by tax hikes September 17, 2024 Prime Minister Keir Starmer has promised that Chancellor Rachel Reeves’ first Budget will prioritise economic growth and wealth creation. But moves to hike taxes that will hurt Britain’s entrepreneurs are putting that pledge in doubt. As British businessman Sir Martin Sorrell warned in City A.M.: “Increasing capital gains tax, especially without index-linking or time apportionment, [...]
Sir Martin Sorrell: Labour’s working week reforms won’t help firms September 17, 2024 British businessman Sir Martin Sorrell has said that altering the working week will not boost productivity in the UK, pushing back on Prime Minister Keir Starmer’s pledges to transform Britain’s work culture.
Keir Starmer: Policies that inhibit growth will be in the ‘no column’ September 17, 2024 “If it promotes economic growth, it’s in the Yes column — if it is inhibiting growth, it’s in the No column,” he reportedly said.
Barclays: Scrap stamp duty to drive UK capital markets boom September 16, 2024 Barclays has backed a review of stamp duty on share purchases in a bid to “revive” the UK’s flagging stock market. In a report on Monday, the bank argued that a variety of changes were needed to make London “internationally attractive”, as well as encouraging unlisted companies to float on the UK’s main market. The [...]
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says September 16, 2024 "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.
Toyota: Revenue surges despite drop in UK market share September 16, 2024 Sales at the UK arm of car making giant Toyota jumped by almost £600m to pass £3.5bn during its latest financial year despite a drop in market share. The Surrey-headquartered company’s revenue for the year to 31 March, 2024, increased from £2.9bn to £3.5bn, according to newly-filed accounts with Companies House. The UK market share [...]
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.