Borrowing beats expectations as Rachel Reeves prepares tax rises October 22, 2024 The borrowing figures are merely the latest indication of the challenging fiscal position which the new government has inherited as the Budget approaches.
UK investors rush to venture capital trusts ahead of Budget October 22, 2024 Two venture capital trusts (VCTs) have raised £90m in just 45 days as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. Capital gains tax currently sits at 20 per cent but rumours are spreading that the levy could be lifted by Rachel Reeves’s at her first [...]
How we saved Britain’s small businesses millions in energy costs – and counting October 22, 2024 Small businesses across the UK have had to face the wrath of rising energy costs for years - and entrepreneur Joe McDonald is fed up with it.
Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
A warning to Reeves: These tax rises will damage UK competitiveness October 22, 2024 Not only is the UK tax burden at record levels, but we are raising money in a more damaging way than our competitors. And the Budget could be about to make things even worse, says Daniel Herring Next week, Rachel Reeves needs to try not to make the UK’s tax system worse. Yesterday the US-based [...]
What are the biggest risks to pension saving in the Autumn Budget? October 22, 2024 Reeves faces difficult decisions at next week's Budget, but tampering risks creating more problems in the long-term, writes KPMG's Stephen Collins.
Libby’s Naked Diary – The 50th Wedding Anniversary Party October 22, 2024 I am at the age where the first wave of marital splits is hitting my peer group, my own separation included. These are not all sad affairs; in fact, I went to my first ever Divorce Party this summer and it was an unexpected hoot to drink “Gin & He’s Toxic” as we cracked up over [...]
Health minister says NHS set for technology transformation October 21, 2024 Health secretary Wes Streeting has announced plans for digital patient records which will make health data available to all NHS hospitals, GPs and ambulance services in England. It came as he launched a major consultation on the government’s plans to transform the NHS from“analogue to digital” in the next decade amid privacy fears over data [...]
Bank of England to cut interest rates to 2.75 per cent, Goldman predicts October 21, 2024 The US investment bank argued that Bank Rate would fall to as low as 2.75 per cent by November next year, whereas it had previously expected the terminal rate to be three per cent.
Workers’ rights reform set to slap British businesses with £5bn bill October 21, 2024 British businesses are set to be imposed with a £5bn additional cost annually as a result of the new workers' rights, with smaller businesses in hospitality and retail set to hit the hardest