‘Largest business tax cut in modern British history’: Hunt makes full expensing permanent November 22, 2023 Jeremy Hunt has confirmed British firms are set to benefit from “the largest business tax cut in modern British history” as he announced full expensing would be made permanent.
OBR downgrades UK growth prospects as higher interest rates bite November 22, 2023 The Office for Budget Responsibility (OBR) has downgraded its growth forecasts for the UK economy over the next couple of years as higher interest rates bite.
Banks profiting from rate rises boost luxury concierge firm Ten Lifestyle November 22, 2023 UK banks profiting from soaring interest rates has helped boost earnings at luxury concierge platform Ten Lifestyle to record levels, the firm said today. The firm, which counts Coutts and St James’s Place as clients, works with a host of corporate customers to help organise everything from hotel upgrades to reserving tables at top restaurants. [...]
Alarm over economy ‘slowing swiftly’ with manufacturing deteriorating to 2021 low November 22, 2023 Order books for manufacturing firms fell to their weakest level since early 2021, dampening hopes of a recovery in the sector.
Johnson Matthey: Hydrogen unit powers raised outlook but can’t save 600 jobs November 22, 2023 Johnson Matthey, which makes catalytic converters and pollution filters for cars, raised its outlook for full-year underlying operating performance on Wednesday as cost-cutting efforts pay off and on strong demand for its energy-focused units. The centuries-old British firm, which traces its roots back to testing the purity of precious metals, has raised prices of products and [...]
Sage share price jumps 12 per cent to record after revealing £350m buyback November 22, 2023 Software firm Sage shares climbed over 10 per cent on Wednesday after it posted strong operating profit and double-digit revenue growth.
Autumn Statement: Five things to look out for, from rabbits and taxes to pubs and cuts November 22, 2023 Chancellor Jeremy Hunt will today unveil the Autumn Statement. City A.M. has broken down our top five things to watch out for.
Would the rumoured inheritance tax cut see an exodus from AIM? November 22, 2023 Rumours have been swirling that the inheritance tax rate might be cut in the autumn statement. What could this mean for AIM?
Sluggish global growth cannot be an excuse for Britain ignoring opportunities November 22, 2023 An industrial strategy will not go amiss, but we must look at far more to fix Britain's growth problem, writes Paul Ormerod
Westfield exec makes fresh calls to scrap tourist tax ahead of Autumn Statement November 21, 2023 The chief operating officer of Westfield Group, has said reinstating the tourist tax would have a “ripple effect” on London’s economy.