Man United legend Bryan Robson to be hit with tax bill over ambassador role January 21, 2025 Former Man United legend Bryan Robson has lost a chunk of his IR35 case against HMRC leaving him exposed to a undisclosed tax bill
Haaland: Man City striker could pay £150m to HMRC over new deal January 21, 2025 Signing a lucrative contract, as Erling Haaland did with Manchester City this month, is usually one of the happiest days of someone’s life. Haaland has signed for nearly a decade in a deal that is reportedly worth £26m a year before bonuses. But the reality is that the taxman is coming, and for the Norway [...]
Business rates to more than double in ‘final blow’ to UK retailers January 21, 2025 Business rates are set to rise more than 140 per cent for thousands of high street businesses across the UK in yet another cost pressure for brick-and-mortar businesses. Business rates, which are levied on all commercial properties, were cut by 75 per cent in 2022 as high street stores found themselves unable to cope during [...]
UK economy: Compulsory liquidations hit 10-year high January 21, 2025 Figures released from the Insolvency Service showed that there were 3,320 compulsory liquidations in 2024, the highest number for 10 years.
Marshalls: Recovery in construction to ‘build throughout the year’ January 21, 2025 Housing industry supplier Marshalls has said it expects the construction industry to recover in 2025 after struggling over the past few years. But the firm still said its outlook remained “cautious” due to “continued market uncertainty” as well as the impact of an increase in costs from higher National Insurance contributions. Marshalls faces a £3m increase [...]
Abrdn: Scottish asset manager makes turnaround on flows January 21, 2025 Abrdn has reported “significant progress” on managing to keep hold of investor cash, as the Scottish asset manager continues on its cost cutting plan. The firm received £2.3bn into its institutional and retail wealth arm over the last quarter, pushing up 2024 to a positive year for new cash, it revealed in a trading update [...]
UK economy: Headache for Bank of England as wage growth accelerates January 21, 2025 Wage growth picked up towards the end of last year, new figures show, revealing the continued persistence of price pressures in the UK economy. According to figures released by the Office for National Statistics (ONS), annual regular pay growth averaged 5.6 per cent in the three months to November, up from 5.2 per cent previously. [...]
Aon: Pioneering Risk Analytics in a World of Shifting Sands January 21, 2025 The global insurance market is a complex and dynamic landscape, constantly reshaped by emerging risks, technological advancements, and shifting economic tides. To navigate this evolving terrain, businesses need a partner that can provide clarity, foresight, and innovative solutions. Aon, a leading global professional services firm, is rising to this challenge with its cutting-edge analytics capabilities, driven by [...]
Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience January 20, 2025 The government's tax hike pose a "major threat" to the health of the labour market, a leading economist has warned.
Labour’s appeal to regulators is about blame-shifting, not growth January 20, 2025 Labour has appealed to the regulators for ideas to boost the economy, but Britain can’t regulate its way to growth, writes Eliot Wilson After six months of a Labour government, it would be hard to argue the economy is healthy. The economy flatlined in July, August and September, the hike in employers’ National Insurance contributions [...]