Reeves planning national insurance on employer pension contributions, as workers spared October 23, 2024 The move would raise £15.4bn, which would go a long way to filling the £40bn which Reeves hopes to raise through a combination of tax rises and spending cuts.
Lloyds finance chief calls for ‘pro-growth’ Budget amid fears of bank tax raid October 23, 2024 Lloyds Banking Group’s finance chief has suggested tax rises on UK banks could hinder lending and investment as the sector braces for a possible raid in the government’s maiden Budget next week. Speaking after Lloyds’ third quarter results this morning, William Chalmers said banks are already among Britain’s biggest taxpayers and the FTSE 100 group [...]
Evelyn Partners: Wealth manager warns clients fretting over Budget tax changes October 23, 2024 Wealth management and accountancy business Evelyn Partners has warned that its clients have been fretting over the raft of speculation coming out about next week’s Budget. Rumours about the contents of the Budget have been flying out of Westminster, with concerns that the Chancellor Rachel Reeves may move to hike a variety of taxes and [...]
Lloyds Bank: Lender beats profit estimates as consumers prove resilient October 23, 2024 Lloyds Banking Group has beaten profit estimates as the lender set aside less than expected for souring loans and saw improved consumer confidence.
WPP: New deals with Amazon and Unilever drive growth October 23, 2024 Like-for-like revenue at advertising giant WPP ticked up 4.1 per cent in the quarter to 30 September, despite a decline in business outside of the US and Europe. However, net new billings declined year-to-date. The figure came in at $3.2bn (£2.5bn) compared to $3.4bn (£2.6bn) in 2023. However, other regions struggled. Revenue in the UK [...]
Premier League faces new legal battle – and nemesis barrister October 23, 2024 The Premier League is facing another legal battle with top players and clubs over its financial rules, having already suffered bruising defeats to Leicester and Manchester City this season. Footballers’ union the PFA has hired leading barrister Nick De Marco KC to challenge the top flight’s plans to introduce a new system of “anchoring” next [...]
Building societies demand a say on government’s industrial strategy October 23, 2024 A group of Britain’s biggest building societies and mutuals have demanded a seat on the council shaping the government’s industrial strategy as ministers prepare to unveil a team of executives to oversee the plans. In a letter to business secretary Jonathan Reynolds, seen by City AM, a group of four trade groups including the Association [...]
The walls are closing in on the Chancellor October 23, 2024 With just one week to go until the Budget (arguably one of the most consequential in recent memory) economists, investors, analysts (and most certainly journalists) are scouring everything from tea leaves to official data for indications of what exactly the Chancellor is going to say next Wednesday. Most people agree that her choices are limited [...]
This Budget looks set to be more car park than roadmap October 23, 2024 You have probably read at least two dozen columns speculating on where those tax rises of doom are going to land in next week’s budget, so I’m not sure there is much more to say on the big topics of contention. We’ll find out soon enough whether employers’ National insurance (NI) really will go up, [...]
Wine Cocktails are Winning Gen-Z October 23, 2024 Wine is wonderful, but a certain demographic (I’m looking at you Gen Z) seem to increasingly prefer cocktails. “Customisation is key, which is why cocktails are the perfect drink of choice for Gen Z,” says Carmen O’Neal, Saturday Kitchen’s spirits expert and founder of 58 and Co distillery. “Cocktails can be tailored to their tastes [...]