‘Divorce Day’: Why cash-strapped couples are looking at putting off their split amid money woes January 9, 2023 Over a third of married couples who had been considering a divorce are now opting to stay in their relationship because of the cost-of-living crisis, according to a survey. The first working Monday of the new year has been dubbed ‘Divorce Day’ by lawyers, but many couples are thinking twice before splitting from their partner [...]
Seven ways crypto regulation should take shape in 2023 December 29, 2022 Scotcoin's Temple Melville looks at how cryptocurrency regulation has evolved and how it ought to look in 2023.
Sometimes, size matters: what smaller cities can learn from London’s ever-expanding infrastructure December 22, 2022 I’m not saying news travels slowly up North, but it took me until this week to finally travel on The Elizabeth Line. The train was noticeably cleaner and nicer than the older trains that I had been on for the first part of my journey, and the sheer breadth of stations that the line serves [...]
Exclusive: Change in capital gains allowance causes mass exodus of landlords looking for quick sale December 11, 2022 THE reduction in Capital Gains Allowance is an “unwelcome blow” and has seen the number of landlords looking to sell up hit a 13-year high. Jeremy Hunt announced that the amount you can make from the sale of certain assets before paying tax will fall from £12,300 to £6,000 in April and then to £3,000 in [...]
UK shareholders face 60 per cent ‘wealth grab’ under Labour, warns City heavyweight Lord Lee November 30, 2022 Shareholders face a 60 per cent raid on profits under Labour, City veteran and senior private investor Lord Lee of Trafford warned this morning. Capital gains tax on shares sold outside an ISA is currently charged at 10 per cent or 20 per cent depending on your income tax band. But the Liberal Democrat peer [...]
Shaftesbury back in the black as West End landlord sees ‘rapid rebound’ in shopping destination November 29, 2022 West End landlord Shaftesbury has swung back to profit as the capital’s retail heartland bounced back from Covid-19 disruption this year. The landlord, which is set to merge with neighbouring property giant Capital and Counties next year, shared a £119.1m profit after tax in full-year results. This was a strong come-back for the Carnaby, Seven [...]
Rental market boom may be on the horizon as homebuyers struggle November 26, 2022 As the property market continues to stutter, the nation’s rental market is set for a boom, as historic housing market trends show that a decline in property sales also leads to a boost to private rental market stock, a leading City fund manager told City A.M. this weekend. Sales and rental markets during the economic [...]
Hunt says he’s ‘very concerned’ about tax burden and ‘absolutely’ wants to cut it November 23, 2022 Chancellor Jeremy Hunt has said he is “very concerned” about the UK’s soaring tax burden and that he “absolutely” wants to cut it. Hunt told MPs on a Westminster committee today that “if taxes are too high it makes it difficult to be a modern, dynamic economy”, while also backing his decision last week to [...]
Exclusive: Government oblivious to scale of crypto tax-dodging despite ‘global hub’ plans November 23, 2022 The government has made no calculations on the amount of dodged tax takings on cryptoassets despite the Treasury’s plans to turn the UK into a hub for crypto, City A.M. has learned.
Flip flopping over tax hikes and spending cuts a ‘bruising episode’ for UK November 21, 2022 Flip flopping on UK economic policy has been “a bruising episode” for the country over the past few months, a top City economist said today. The huge swing in tax and spending decisions between former chancellor Kwasi Kwarteng and the current number 11 incumbent Jeremy Hunt has damaged the country’s financial credibility, according to Neil Shearing, [...]