Old Trafford decision could be pushed until spring November 5, 2024 Manchester United are set to delay a decision on whether to refurbish Old Trafford or build a new “Wembley of the North” until next year. The club, owned by the Glazer family and billionaire Ineos chief Sir Jim Ratcliffe, had intended to make the call by the end of the year but it has now [...]
Government ‘would breach fiscal rules with minor rate rise’ November 5, 2024 The Chancellor would be in breach of her own fiscal rules if interest rates remain just 30 basis points higher than the fiscal watchdog forecasts, Office for Budget Responsibility (OBR) economists have said. Giving evidence to the Treasury Committee, OBR member Tom Josephs told MPs that his colleagues conducted analysis that found “a change of [...]
The NHS will soon cost more than the GDP of New Zealand November 5, 2024 Spending on health and social care will hit £200bn by the end of this parliament – more than the entire economy of New Zealand – as Britain heads towards being a £1.5 trillion state, says Emma Revell New Zealand sounds, by all accounts, like a pretty sweet country. For a start, it is one of [...]
How will Reeves’ Budget impact London transport and TfL? November 4, 2024 Debate over Rachel Reeves' first budget has dominated the media. How will it impact Londoners looking to get around the capital?
Autumn Budget 2024: Government to examine ‘tough alternatives to custody’ in prison reforms October 30, 2024 The Chancellor has revealed a £2.3bn investment in prison expansion to create thousands of new prison places, as the government aims to "repair the justice system"
Autumn Budget 2024: Reeves scraps British ISA plans October 30, 2024 Chancellor Rachel Reeves failed to make any changes to Individual Savings Accounts (ISAs), keeping annual subscription limits fixed, while confirming that the British ISA would be scrapped. The annual ISA allowance has been constantly been upped in recent years, starting at £7,000 in 1999, then to £7,200 in 2008, £10,200 in 2011, £15,000 in 2014, [...]
Autumn Budget 2024: Labour abolishes non-dom tax status October 30, 2024 The Labour government has confirmed plans to scrap the non-dom regime despite a last ditch effort from the community and its advisors to warn against the move. As part of the Budget, Rachel Reeves confirmed she would fulfil the promise made in Labour’s manifesto to remove the tax status, in a move that one advisor [...]
Chancellor to cut back Right to Buy discounts in Budget October 26, 2024 The Chancellor will cut back Right to Buy discounts as part of next week’s Budget to boost council housing supply. Rachel Reeves will announce plans to consult on a new five-year social housing rent settlement and to reduce Right to Buy, which allows tenants renting local authority-owned homes to buy them at a discounted rate, [...]
Inside UK non-doms’ battle for survival October 26, 2024 Had a passer-by inadvertently walked into Foreign Investors for Britain’s inaugural press conference earlier this month, they would have been forgiven for thinking they’d encountered an incongruous group therapy session. At one stage, an eastern European property tycoon asked the room: “Why am I suddenly being treated like a tax cheater? I’m being painted out [...]
UK suffering from ‘vibecession’ ahead of the Budget, PwC says October 24, 2024 The firm's latest consumer sentiment survey dipped to -8 at the end of September, its lowest point this year.