Growth set to return but fears persist ahead of budget October 7, 2024 City economists expect figures published on Friday to confirm that the UK grew 0.2 per cent in August, having been stagnant for the two months prior.
Retail bosses urge Chancellor to reform business rates to boost growth October 7, 2024 The letter, co-ordinated by the British Retail Consortium (BRC), argued the retail industry paid 7.4 per cent of all business taxes when it only made up five per cent of the overall economy.
Growing labour market slack ‘strengthens case for further rate cuts’ October 7, 2024 "A greater number of candidates and reduced demand helped to limit pay growth," the survey said.
Here’s what the government should do to fix business rates October 7, 2024 Businesses are calling for certainty. What they don’t need is a knee-jerk reaction on business rates from the government, writes David Jones
IFS joins calls for ‘serious reform’ of capital gains tax October 6, 2024 Rachel Reeves is reportedly considering a range of tax hikes in the budget, including to CGT, as she seeks to put the public finances on surer footing.
Seedlip revolutionised alcohol free drinking. Now its founder has a new product: We tried it first October 6, 2024 Ben Branson birthed the alcohol free spirits scene when he launched Seedlip nearly ten years ago. Five years after selling his majority share, he’s ready to change the face of drinking. Again. He talks to Adam Bloodworth Through the launch of Seedlip, Ben Branson established a reputation as the founding father of the alcohol free [...]
IFS backs death tax on ‘flawed’ capital gains to boost growth October 6, 2024 The “whole design of capital gains tax is flawed,” the Institute for Fiscal Studies has claimed, advocating for a complete overhaul of the tax rather than simply raising it. The influential think tank has advocated for scrapping the tax break of capital gains at death today, arguing that it creates a large incentive for people [...]
Labour MP defends Chancellor’s decision to rule out wealth tax October 5, 2024 One of the rising stars of the new intake of Labour MPs has defended Chancellor Rachel Reeves’ decision to rule out a wealth tax against the richest. Torsten Bell, a former Treasury official and chief executive of the economic think tank Resolution Foundation, said a wealth tax would not raise “significant revenues”. Reeves has previously [...]
Bottega Veneta returns to the black amid interest rate and inflation woes October 4, 2024 The UK arm of Italian luxury fashion house Bottega Veneta returned to the black in 2023 despite the cot-of-living crisis cutting into its sales. The West Sussex-headquartered division has posted a pre-tax profit of £336,007 for its latest financial year, according to newly-filed accounts with Companies House. The total comes after the business reported a pre-tax [...]
Why West Ham co-owner David Sullivan is selling his London mansion for a loss October 4, 2024 David Sullivan, the co-owner and chairman of Premier League side West Ham United, is selling his London mansion for a loss after slashing the asking price by £10m. The businessman, who is the majority shareholder in the London Stadium club, is selling the Marylebone property through Knight Frank for £65m. The mansion includes 10 bedrooms [...]