Bank of England should not adopt ‘aggressive’ rate cuts October 8, 2024 In an interview with the Guardian, Governor Andrew Bailey said there was a chance that the Bank could become a "bit more activist" on rate cuts in the months ahead.
Businesses ‘clearly anxious’ as budget approaches, survey shows October 8, 2024 The BCC's quarterly economic survey showed that 48 per cent of firms cited taxation as a worry, up from 36 per cent the quarter before.
Record number of millionaires to leave UK as top academics join calls for exit tax October 8, 2024 The UK is set to lose the greatest proportion of millionaires in the world in the next four years, new analysis suggests, as a group of respected academics joined growing calls for Rachel Reeves to introduce an exit tax at the upcoming Budget. The Adam Smith Institute’s (ASI) Millionaire Tracker – a new initiative from [...]
UK’s cash-strapped fintechs brace for buyouts as London IPOs stall October 8, 2024 Amid a dearth of IPO activity, the UK's fintech sector is bracing for more consolidation as successful start-ups expand and established players fend off future rivals.
Oasis tickets and discounts ensure September spending doesn’t slide away October 8, 2024 Retail sales in the UK have held up despite a dip in confidence, driven by widespread discounts and a spike in entertainment spending after Oasis‘ tickets went on sale. Consumer card spending increased 1.2 per cent year on year in September, after returning to growth in August, according to data from Barclays. Discounting pushed spending [...]
Wine sellers in ‘bleak’ alcohol duty tax burden warning October 7, 2024 Four of the UK’s biggest wine sellers have said that upcoming changes to alcohol duty will lead to price rises in a “bleak” warning to their customers. Majestic, Laithwaites, The Wine Society and Cambridge Wine Merchants are amongst the wine businesses who together launched a poster campaign against changes to the excise duty. Excise Duty [...]
Congestion charge: Ocado leads push against ‘money making’ levy October 7, 2024 More than 40 UK businesses, including Ocado, the AA, and Openreach, have urged Sadiq Khan to scrap plans to extend the £15 daily congestion charge to electric vans. The businesses argue that this hugely unpopular congestion charge if continued, would severely impact those who have invested in greener fleets. Under Transport for London (TfL)’s current [...]
Why Georgia’s capital Tbilisi is the most fascinating city in Europe October 7, 2024 Towering over the Georgian capital of Tbilisi is Mtatsminda Park, a Soviet-era fairground and gardens set atop a craggy hill. Accessed by a funicular railway, you will find a host of terrifying, creaky old amusement rides, including the 65-metre-high Giant Wheel, which seems to bow outwards over the edge of a sheer cliff. Dotted around [...]
JLL cans dividend as profit slumps but predicts turnover boost October 7, 2024 Profit has been slashed at the UK arm of global real estate services giant JLL as “increased market uncertainty” hit its earnings. The London-headquartered division has reported a pre-tax profit of £21.9m for 2023, down from the £60.9m it achieved in 2022. Newly-filed accounts with Companies House also show that its turnover reduced from £460m [...]
Macquarie owned Southern Water looks to borrow billions October 7, 2024 The move to borrow more cash comes following months of crisis at Thames Water, the fall-out of which is spilling out across the sector.