Exclusive: HMRC’s capital gains tax receipts hit record £11.5bn while Budget increase looms October 26, 2021 There has been much speculation around whether Chancellor Rishi Sunak will increase capital gains tax rates during tomorrow’s budget, which could result in business owners and individuals paying significantly more when they come to sell assets. The increase looms despite HMRC receipts from CGT having risen by 62 per cent in the last five years, [...]
If Sunak’s budget delivers for financial services, they can deliver for the globe October 26, 2021 At Conservative party conference, the Chancellor promised to deliver an economy based on “good work, better skills and higher wages” and embrace “the agility, flexibility and freedom provided by Brexit”. This will create a dynamic, high-tech economy. Financial services are critical to delivering this ambition. The engine of the UK economy has not only withstood [...]
This week’s Budget: An overview of the £30bn of investments announced so far October 25, 2021 More than £30bn of investment has already been revealed by the Treasury ahead of Wednesday’s Budget. Chancellor Rishi Sunak said on Sunday that “(over) the last year, I’ve been focused on delivering our plan for jobs, protecting people’s livelihoods, their incomes, their jobs”. But he said he would now be “looking to the future and [...]
Bankers on track for record bonuses this Christmas October 24, 2021 City bankers could take home a bumper payout in time for Christmas following a year of record dealmaking and capital raising activity. With many city banks gearing up for bonus discussions in the coming weeks industry experts have predicted that bonuses could reach their highest level in over a decade, the Telegraph first reported. It [...]
UK calls for ECJ to loosen grip on Northern Ireland trade rules October 24, 2021 The UK has said that post-Brexit talks with the EU over Northern Ireland trade rules are constructive, but substantial differences remain. Goods sent between Britain and Northern Ireland have to undergo customs checks as part of a protocol agreed before Brexit to avoid a hard border between Northern Ireland and Ireland which is an EU [...]
Govt under pressure to probe murder of Kenyan woman next to British Army base October 24, 2021 The murder of a Kenyan woman whose body was found in a septic tank close to a British army base nearly a decade ago should be thoroughly investigated by the government, Labour MPs said this morning. The body of 21-year-old Agnes Wanjiru was found at the Lions Court Hotel in the town of Nanyuki in [...]
Sarah Everard murder: Five police officers face disciplinary action over messages October 22, 2021 Five police officers from four forces are facing disciplinary action over social media messages about Sarah Everard’s killer Wayne Couzens. Police watchdog the Independent Office for Police Conduct (IOPC) said two Metropolitan Police officers and one from each of the forces in Sussex, Dorset and Avon and Somerset will be subject to misconduct proceedings. Couzens [...]
All eyes on Snap after shock Thursday wiped 24 off share price October 22, 2021 Snap shares fall 24% yesterday in after-hours trade as the social media group posted its outlook for Q4, citing Apple's new privacy policies as the cause.
City Moves: Who’s switching jobs in the Square Mile today? October 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Seraphim Space Manager of London-listed Seraphim Space Investment Trust, Seraphim Space has poached Virgin Management’s former Investment Director. Joining the firm immediately, Andre Ronsoehr has been appointed to help build out Seraphim’s space investment portfolio. While at [...]
Hong Kong ousting over 50 opposition councillors ‘deeply concerning’, says Truss October 21, 2021 Hong Kong’s home affairs chief has unseated another 16 opposition district councillors today, bringing the total ousted local politicians to more than 50. Newly appointed foreign secretary Liz Truss has condemned the actions, calling the move “deeply concerning”, as the political climate in the former British colony remains unstable. “It is deeply concerning that 55 [...]