London jobs market hit hard due to ‘frenzy of Budget speculation’ October 29, 2024 Muniya Barua, deputy chief executive at BusinessLDN, said that the "frenzy of Budget speculation" was weighing on employers' hiring intentions.
How retail investors are bracing for a Rachel Reeves tax raid October 29, 2024 Fear among retail investors is building in the face of this week’s Budget, with Chancellor Rachel Reeves’ rumoured changes to capital gains tax and inheritance tax hanging over the heads of individual stockpickers. While capital gains tax currently sits at 20 per cent, speculation has spread that it could be hiked when the government lays [...]
HSBC chief Elhedery says no plans for Asia spin-off in global revamp October 29, 2024 HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West is not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]
Tech boss warns UK to avoid own goal in Autumn Budget October 29, 2024 The founder and chief executive of a British artificial intelligence (AI) unicorn has urged the government to prioritise innovation in this week’s Budget, warning against policies that could hinder growth for UK tech firms. “I will be watching with huge focus when the Budget is delivered,” Vishal Marria told City AM, adding that “we must [...]
“Genuinely uplifting” – The City AM Dragon Awards for Social Impact October 29, 2024 The rest of this week is going to be dominated by the Budget, so permit us a diversion today as this column focuses not on capital gains tax, investor sentiment or national insurance, but on the quiet, unassuming brilliance of so many people and so many businesses doing so many great things. In yesterday’s paper [...]
Labour’s national insurance hike could cost workers hundreds October 28, 2024 HMRC's projections suggest that a two percentage point hike to employers' national insurance would raise £18bn.
Prestige oil spill: Insurer London P&I Club faces French and Spanish states in English court October 28, 2024 Insurer London P&I Club is facing both the French State and the Kingdom of Spain in a London court on Tuesday in a legal battle that stems over 20 years
Keir Starmer: ‘I will defend our tough decisions all day long’ October 28, 2024 Speaking in Birmingham ahead of the Budget, the Prime Minister said politicians needed to be honest with the public about the difficult decisions facing the government.
Financial exclusion is a barrier to sustainable growth October 28, 2024 Britain has a two-track financial system, with world-beating services for some and a poverty premium for others, says Charles Randell With a week to go until the Budget, what measures does the Financial Inclusion Commission – a cross-party group of financial experts from business, politics and the charity sector – advise the Chancellor to take [...]
Lloyds shares slump as analysts warn of £3.9bn motor finance bill October 28, 2024 Shares in Lloyds Banking Group and Close Brothers fell further on Monday after a landmark London court ruling that could expose motor finance providers to billions in extra compensation.