FTSE 100 tax contribution hits £90bn amid warnings against further hikes November 27, 2024 PwC estimated that firms in the 100 Group contributed a total of £93.3bn to the Exchequer in the 2023/24 financial year.
Labour’s tax on business will cost young workers the most November 27, 2024 Labour's bid to improve workers' rights will end up costing the young and inexperienced the most, writes Elliot Keck.
Employers warn of workers’ rights reform and Budget double whammy November 26, 2024 Businesses are concerned about the aggregate cost of changes to workers’ rights and the cumulative impact of Budget measures, MPs have been told. The committee of MPs scrutinising the Labour government’s employment rights legislation took evidence from business groups, industry representatives and trade unions on Tuesday. And they were warned the combination of reforms to [...]
Car insurance premiums fall but young drivers still in back seat November 26, 2024 The latest Consumer Intelligence index shows quoted premiums in the year to October fell 1.1 per cent, the first time since January 2022.
Halfords to take £23m hit from Budget but maintains 2025 guidance November 26, 2024 In its latest interim results, the retailer said that the combined effect of policies announced in the Budget would put up costs by around £23m, of which around £9m was already fully mitigated.
Retail chief warns about return of inflation after tax-raising budget November 26, 2024 The chief of the British Retail Consortium (BRC) has warned that tax-raising measures announced in the latest government may lead to the return of inflation in the UK. Shop prices remained in deflation in November, down 0.6 per cent month on month, up from deflation of 0.8 per cent in the previous month. Shop price [...]
McVitie’s biscuits boss dunks on UK as investment destination November 25, 2024 The boss of the company behind biscuit giants McVitie’s, Jacobs and Carr’s has warned that the UK has become a less attractive place to invest. Speaking at the Confederation of British Industry (CBI)’s annual conference on Monday, Salman Amin, the chief executive of Pladis, the firm behind the iconic brands, warned that Britain has become [...]
Investors shed Kingfisher stocks as trading update a ‘clear disappointment’ November 25, 2024 After a strong run for much of the year, Kingfisher stocks have plummeted more than 13 per cent this morning as investors reacted to an underwhelming sales update. The top end of its previously-guided profit forecast of between £510m and £550m has been shaved to between £510m and £540n. While the estimate “does not represent [...]
CBI chief: Ministers must ‘co-design’ economic growth with businesses post-Budget November 25, 2024 Businesses should have a stronger voice in setting economic growth policies, the boss of an influential business lobby group has urged, including a shift from “consultation to co-design”. Rain Newton-Smith, chief executive of the Confederation of British Industry (CBI), told attendees at the group’s annual conference that the government and firms share a “vision of [...]
B&Q and Screwfix owner Kingfisher: Weak trading in France and £45m tax hit cause shares to plummet November 25, 2024 Shares in Kingfisher, the parent company of B&Q and Screwfix, have dropped nearly 13 per cent after it tightened profit guidance due to weak trading in France and a higher tax bill in both France and the UK. Kingfisher expects the impact of changes to employers’ national insurance contributions (NICs) announced in the UK’s latest [...]