Tax hikes dragging investment to worst level since pandemic, CBI says June 18, 2025 Chancellor Rachel Reeves’ dramatic tax hike on employment has helped push firms’ investment plans down to the worst level in five years, contributing to a downgrade in the Confederation of British Industry (CBI)’s latest economic outlook. The CBI now believe that the UK economy will only grow 1.2 per cent this year and slow down [...]
St James’ Place: Labour’s dividend tax plans could backfire June 18, 2025 Any attempt to get more cash through increasing the top rate of tax on dividends may backfire and instead dry up revenue streams, Chancellor Reeves has been warned, as investors look to this year’s Autumn Budget with a sense of dread. Reeves is poised to hike taxes later this year by as much as £20bn [...]
We’ve been building since 1886 – the planning system is the worst it’s ever been June 18, 2025 Delays in the UK planning system – down to brick colour and tile choices – are stalling housing delivery. We need 3,000 new planners and faster approvals to meet national housing goals and boost economic growth, says Tim Roberts When Britain is in the midst of a housing crisis you don’t, as a house builder, [...]
Labour is locking Britain into a high-tax, low-growth doom loop June 18, 2025 Tax, borrowing, the cost of borrowing, unemployment and inflation are all going up, while growth is going down. Yet in the face of this, Labour’s instinct is to tax more, spend more and centralise more, says Simon Clarke When in a big hole, muddle the figures so nobody can understand them. That’s what Paul Johnson [...]
Reeves to invest billions in a new housing bank for UK builders June 17, 2025 The government has announced plans to create a new national housing bank to encourage private investment and boost housebuilders. It says the bank, which will provide £16bn of new public investment, will unlock over £53bn of private investment over the next decade and help to build hundreds of thousands of homes. The £16bn investment includes £10.5bn [...]
Carmers is one to put Twomey in the big time June 17, 2025 AIDAN O’Brien has made the Queen’s Vase (3.05pm) his own in recent years. The master of Ballydoyle has won the race eight times and equalled Sir Henry Cecil’s record of victories in the race last year with Thursday’s Gold Cup favourite Illinois. Bookmakers seem to expect O’Brien’s Shackleton to take that tally to nine wins [...]
Serialise’s chance more than O-Kay in Kensington Palace June 17, 2025 A FIELD of 24 go to post for the fiercely competitive looking Kensington Palace Stakes (5.35pm) for fillies over the straight mile. Royal runner Rainbows Edge looks the one to beat, following a gutsy course and distance win on fast ground last month. She looked a potential Group-class filly that day and she could be [...]
Law firm mergers down as lawyers hold out for private equity appetite June 17, 2025 Mergers within the UK legal market have declined in the past year as lawyers are holding out for a bite from private equity.
Thwaites ‘extremely nervous’ Rachel Reeves will raise taxes in Autumn Budget June 17, 2025 Beer brewer Thwaites is “extremely nervous” about the possibility of Chancellor Rachel Reeves raising taxes further in her Autumn Budget. The Lancashire-headquartered group, which also owns pubs and hotels, added its industry is “under tremendous pressure” from Reeves’ first Autumn Budget due to the increases in the National Minimum Wage and the employer’s National Insurance [...]
Thailand gives green light to £1bn Formula 1 Grand Prix bid June 17, 2025 Thailand has moved a step closer to realising an ambitious plan costing almost £1bn to stage a Formula 1 Grand Prix for the first time after its cabinet gave it the green light. The country wants to host a street race in Bangkok on an initial five-year contract beginning in 2028. Thailand is a fixture [...]