Retailers bet on coronation boost after extra May bank holiday announced November 6, 2022 Retailers are hoping for a royally big boost next year after the government announces an extra bank holiday for King Charles III’s coronation. In an announcement today, Prime Minister Rishi Sunak confirmed the UK-wide holiday would fall on Monday 8 May, following the Coronation on Saturday 6 May. “The Coronation of a new monarch is [...]
Sunak to raise imprisoned British citizen to Egypt’s leaders at Cop27 November 6, 2022 Rishi Sunak has vowed to “raise” the case of imprisoned British citizen Alaa Abd El-Fattah with Egypt’s leaders during next week’s Cop27 climate summit. The Prime Minister wrote to the family of the jailed writer, who is on a hunger and water strike, to tell them he was “totally committed to resolving [his] case” and [...]
Hunt mulls change in non-dom tax breaks for autumn fiscal statement November 4, 2022 Treasury officials are looking at potential changes to the UK’s rules on non-domiciled tax status as a part of Jeremy Hunt’s autumn fiscal statement later this month. The chancellor has reportedly tasked officials on the Treasury’s high net worth individuals policy team to look at ways to cut down on tax breaks for non-doms as [...]
Editorial: Andrew Bailey’s guidance is a sign of just how shaky the economy looks November 4, 2022 The latter is always second guessing where governor Andrew Bailey and the rest of the monetary policy committee will send interest rates. The former rarely provides any clues. Investors’ rate expectations are shaped by thousands of pieces of data, but they essentially boil down to a couple of key themes. Firstly, inflation. Markets make their [...]
CBDCs need kicking into the long grass to allow Bitcoin’s potential to flourish November 4, 2022 Jason Deane is left scratching his head at the news narratives this week, but Bitcoin is looking like a certainty in an uncertain world.
Explainer-in-brief: Guess who’s back, back again – it’s the Online Safety Bill November 4, 2022 The online safety bill is back in Parliament this month. Rishi Sunak has vowed to make substantial progress with it before Christmas. The nub of his plan is to scrap the “legal but harmful clause” on the basis that it might impinge on free speech. It was also the more contentious element of the laws. [...]
Rise in capital gains tax on the cards as Chancellor Hunt scrambles to raise £50bn November 4, 2022 As the Chancellor is weighing up “difficult decisions” to address a £50bn black hole in the public finances, Jeremy Hunt is looking at raising taxes on the sale of assets such as shares and property. Hunt is also considering an increase in dividend tax, in a move that would come as a blow to entrepreneurs. [...]
Our Channel dilemma won’t go away until we overhaul the asylum system November 4, 2022 Over the last few days, we’ve heard incredibly troubling stories coming out of the Manston centre holding migrants who crossed over the Channel. The facility is holding as many as 2,000 more people than it has capacity for, with few coherent plans to deal with the delays. The overcrowding has left families sleeping in marquees, [...]
Scrimping and saving by culling more transport investment will hurt all of us November 4, 2022 If ministers think HS2 doesn’t work in its current planned form, why not work out a way in which it does, rather than simply abandoning it as a white elephant?
UK’s new government should simply ‘get on’ with audit reform, letter to Rishi Sunak says November 4, 2022 The UK’s new government should simply “get on” with plans to overhaul the audit sector, to ensure the long-term stability and resilience of Britain’s economy, the head of one of the country’s largest accountancy sector trade bodies has said. In three separate letters to prime minister Rishi Sunak, business secretary Grant Shapps and chancellor [...]