Inheritance tax grab on London’s junior AIM could cost Reeves £1bn November 26, 2024 Rachel Reeves’ inheritance tax hike on London’s junior market AIM in the Budget is likely to cost more than a billion in revenue for the Treasury, investment bank Peel Hunt has warned. The government had estimated that it would raise £92.5m from its 50 per cent inheritance levy on AIM stocks, based on calculations from [...]
Spending watchdog refuses to sign off on government accounts November 26, 2024 The spending watchdog has refused to sign off on the government's accounts for the first time due to unreliable data from England's local councils.
Mike Ashley’s Frasers Group snaps up South African sports retailer November 26, 2024 Frasers Group, the retail empire founded by billionaire Mike Ashley, has continued its global expansion with the acquisition of a South African company. The London-listed group, which already owns the likes of Sports Direct and House of Fraser, has snapped up sporting, outdoor and recreation goods company, Holdsport Group, for an undisclosed sum from the [...]
30 per cent: Football Association sets diversity target for England coaches November 26, 2024 The Football Association (FA) wants 30 per cent of England men’s team coaches to be from ethnically diverse backgrounds by 2028. The governing body was told earlier this year it needed to “work a lot harder” to create a diverse pool of candidates for the England head coach position by the Black Footballers Partnership. The [...]
Supporting the Underdog this Christmas November 26, 2024 If anyone orders Merlot, I’m leaving. I am NOT drinking any f****** merlot!”. It was the line, uttered by Paul Giamatti in the film ‘Sideways’, that triggered a two per cent drop in Merlot sales in the USA and relegated the grape to underdog status for years to come. It is still trying to claw [...]
Sir Michael Moritz on triathlon, dangerous investments and Fergie November 26, 2024 Sir Michael Moritz’s sixth sense for investing made him a multi-billionaire, so when he gives a rare interview and talks up the trajectory of one of his latest ventures, the T100 Triathlon World Tour, it seems smart to listen. The Welshman, 70, was among the first to believe in the potential of the tour and [...]
UK delays stablecoin regulation amid rise in crypto investing November 26, 2024 The government has delayed the rollout of a regulatory regime for stablecoins, it has been confirmed. City minister Tulip Siddiq confirmed that the government’s plan for stablecoin regulation, which had been expected this year, would be rolled into a larger regulatory plan for crypto next year. “Doing everything in a single phase is simpler, and [...]
Why Donald Trump’s love affair with tariffs will only end badly November 26, 2024 A lot of ink has been spilled trying to work out what impact this will have on the global economy. To cut a long story short, nobody knows exactly what will happen - but it is not going to be good.
Could a chatbot groom your child? November 26, 2024 Generation Alpha are already growing up in a very different digital landscape to their predecessors and their lives will be fundamentally shaped by AI, says Eliza Filby In all the surveys, books and discussions about modern parenting, there’s one thing on which we are all in agreement. Parenting today is harder than it was for [...]
South West Water customers given £450m in subsidies while firm dished out £1.5bn in dividends November 25, 2024 South West Water customers were given nearly half a billion pounds in government subsidies to keep their bills down, despite the water firm shelling out three times that amount in dividends to shareholders over the same period. The Department of Environment, Food and Rural Affairs (Defra) has been giving people in South West Water’s catchment [...]