London’s commercial property market to keep growing as staff ordered back to the office November 26, 2024 The green shoots which sprang up earlier this year in London’s commercial property market look set to continue into 2025, with real estate companies looking at a “cyclical growth opportunity”. London-listed property development firm Helical reported a minor recovery in the value of its property portfolio after several years of market uncertainty this morning. Its [...]
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 [...]
‘Now is the time to build’: Helical backs London property market November 26, 2024 The firm is hoping to develop a portfolio of premium office space amid an anticipated shortage in supply over the coming years.
Retail chief warns about return of inflation after tax-raising budget November 26, 2024 The chief of the British Retail Consortium (BRC) has warned that tax-raising measures announced in the latest government may lead to the return of inflation in the UK. Shop prices remained in deflation in November, down 0.6 per cent month on month, up from deflation of 0.8 per cent in the previous month. Shop price [...]
Unemployment hotspots to get more NHS funding under new back to work plan November 26, 2024 Places with the highest levels of joblessness will get extra NHS support as the government bids to “get Britain working again”. Work and pensions secretary Liz Kendall will announce the plans today as part of wide-ranging reforms designed to tackle economic inactivity and deliver the government’s promise to bring more than two million people back [...]
Employment Rights Bill slammed as ‘not fit for purpose’ by watchdog November 25, 2024 Labour’s Employment Rights Bill is ‘not fit for purpose’ according to a formal assessment by a leading government body. The Bill, which is being spearheaded by Angela Rayner, is aimed at tackling low pay, poor working conditions and a lack of job security. However, the Regulatory Policy Committee (RPC) has said the government’s own impact [...]
Hargreaves Lansdown launches five online VCTs after Budget tax hikes November 25, 2024 Hargreaves Lansdown has launched a new online venture capital trust (VCT) investment service following tax hikes introduced in last month’s Budget. The new service will begin by offering five VCTs, which includes two AIM VCTs from Octopus and its Apollo VCT, Blackfinch Spring VCT and Calculus VCT. The news comes following a host of tax [...]
CBI chief: Ministers must ‘co-design’ economic growth with businesses post-Budget November 25, 2024 Businesses should have a stronger voice in setting economic growth policies, the boss of an influential business lobby group has urged, including a shift from “consultation to co-design”. Rain Newton-Smith, chief executive of the Confederation of British Industry (CBI), told attendees at the group’s annual conference that the government and firms share a “vision of [...]
Alan Sugar’s property empire returns to profit after huge loss November 25, 2024 The Apprentice star Lord Alan Sugar’s property empire returned to the black during its latest financial year after recovering from a huge loss, it has been revealed. Amshold, the company which Lord Sugar holds his property investments, achieved a pre-tax profit of £932,000 for the 12 months to 30 June, 2024. The latest figure, revealed in [...]
Labour’s Budget will ‘hit growth’, CBI boss warns November 25, 2024 In a speech set to be delivered at the CBI's annual conference later today, Newton-Smith will warn about the impact of the Budget on businesses.