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 [...]
Ministers refuse to rule out hike to employer national insurance rate October 14, 2024 The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto [...]
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
Let them tax cake! Top accountant gives alternatives to business-bashing tax hikes October 14, 2024 While rumours swirl of potential hikes to Capital Gains Tax and the employer National Insurance rate, one top tax accountant has said the government should look elsewhere instead of targeted business-related taxes. His suggestion: Cake.
Clearscore: Credit score checker returns to profit October 14, 2024 Credit score checker Clearscore returned to the black despite its turnover taking a hit during its latest financial year, it has been revealed. The London-headquartered fintech business has reported a pre-tax profit of £4.8m for 2023, according to newly-filed accounts with Companies House. The total comes after Clearscore posted a pre-tax loss of £9.9m in [...]
Bosses at world’s biggest banks: Britain is ‘ready for investment’ October 14, 2024 Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Eyes on the Law: HCR Law revives BLM legacy to forge new path in insurance law October 14, 2024 How do you build a new insurance practice into a firm that never had one before? Bring the personality and culture that pre-merger BLM once had, says the practice head
Reynolds refuses to rule out raising employer national insurance rate October 13, 2024 Jonathan Reynolds has refused to rule out raising employers’ National Insurance (NI) contributions in the Budget.
UK may need £20bn tax hike to stop spending cuts, think tank says October 12, 2024 Britain’s new Labour government may need to increase taxes by £20bn in its first budget to avoid real-term cuts across public services, the Resolution Foundation said on Saturday. The think tank also said revising budget rules to use an alternative definition of public debt could allow finance minister Rachel Reeves to finance long-term investment while [...]
Listed insurer Saga in ‘exclusive negotiations’ with Ageas to sell underwriting business October 11, 2024 Listed-British insurer Saga is in exclusive negotiations with Belgium-based insurer Ageas, which result in the sale of Saga's insurance underwriting business