Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.
FCA to review UK premium finance market amid price hike concerns October 16, 2024 The UK's financial regulator is to review Britain's premium finance market amid worries that consumers who borrow to pay for insurance may not be getting fair or competitive deals.
Professional services chiefs fear Gen Z workplace demands are a key ‘threat’ October 16, 2024 Managing a Gen Z workforce is a leading worry for professional service CEOs, as it was revealed they lack the confidence in handling the younger employees.
Revenue falls at Moneysupermarket’s parent due to weak broadband demand October 16, 2024 Moneysupermarket’s parent company has reported a two per cent drop in revenue to £112.9m in its third quarter, as travel and home services dragged down growth. The price comparison company said low demand for broadband and fewer smartphone launches meant revenue from home services fell eight per cent. Revenue from travel was 15 per cent [...]
When it comes to national insurance, the government is pulling a fast one October 16, 2024 One of the many problems the government has got itself into over tax rises that may or may not appear in the upcoming Budget is an oversimplification of where the cost of a certain tax falls. Ministers and their supporters talk about Capital Gains Tax as if it only lands on rich people selling off [...]
Capital isn’t the issue – there aren’t enough UK projects to invest in October 16, 2024 My company is raring to invest billions into the economy, but there's nowhere for the money to go, writes Tracy Blackwell.
Reeves looks to charm small business amid tax backlash October 15, 2024 Rachel Reeves has mounted a charm offensive on small business owners this evening after a furious backlash against rumoured plans to hike capital gains tax and national insurance at the Budget this month. At a summit of executives and start-up founders in Downing Street, the Chancellor is expected to bang the drum for more investment [...]
Employer National Insurance hike could risk jobs amid 95,0000 vacancies October 15, 2024 Increasing employers’ national insurance contributions (NICs) could pose a risk to jobs amid some 95,000 vacancies across pubs and restaurants, a hospitality lobby group has warned. Data released from the Office for National Statistics (ONS) today revealed there are a “stubbornly high” 95,000 openings across the sector, including in venues, cafes and eateries. Hospitality UK [...]
National Insurance hike will be ‘difficult’ for businesses, warns CBI boss October 15, 2024 Increasing employers’ National Insurance contributions will make it “harder for businesses to create the jobs and the growth” needed to “help fund our public services”, the boss of one of the UK’s largest business groups has warned. Speaking a day after Keir Starmer refused to rule out hiking National Insurance contributions paid by businesses, Rain [...]
Starmer did well with the CEOs, but he can’t ignore the start-up founders October 15, 2024 It rained pretty much all day in the City of London yesterday, but this didn’t stop Keir Starmer basking in the warm glow of success. Despite complaints about a chaotic organising process in recent weeks, and a bit of real-time grumbling on the day itself, the Prime Minister’s investment summit was a triumph. A tightly [...]