Stamp duty holiday: Sunak confirms three-month property tax break extension March 3, 2021 Chancellor Rishi Sunak has this afternoon confirmed that the government will extend the stamp duty holiday for a further three months. Speaking in the House of Commons today as he announced the latest budget, Sunak said the holiday will be extended in full until 30 June, with a tapered end until the end of September. [...]
City Moves: Who is switching jobs in the Square Mile this week? March 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we have seen a flurry of new hires across the capital. From a Ritz chairman joining an intelligence firm, to a former Knight Frank executive taking on a leading residential role [...]
London rental enquiries boom after roadmap out of lockdown restrictions revealed March 2, 2021 London rental enquiries boom after roadmap out of lockdown restrictions revealed
Live in a fairytale castle and get change from £1m March 2, 2021 Have you ever fancied living in what looks like a cross between a castle and a Tetris fever-dream? Well now you can, for just shy of £1m. High Morland Lodge in Knutsford, Cheshire was originally built as a gatehouse in 1905 and was designed by Richard Harding-Watt. It features a striking, extravagant design, with individual [...]
Taylor Wimpey reinstates dividend as profit falls two-thirds March 2, 2021 Housebuilder Taylor Wimpey today said that it would reinstate its dividend after a year in which profit before tax at the firm fell 68 per cent. Having cut its dividend when the coronavirus forced it into site closures in the second quarter, the FTSE 100 company said it would pay out a final dividend of [...]
Before the Bell: Europe pointing to lower start as bulls take a breather March 2, 2021 Equity markets started off the new month on the front foot yesterday as lower bond yields combined with stimulus hopes from the US boosted sentiment. Last week, stocks saw some selling pressure as increases in government bond yields acted as an excuse for dealers to reduce their equity positions, indices were coming from a relatively [...]
20 taxes to scrap: Britain’s growth needs a simpler tax system March 1, 2021 This week, Chancellor Rishi Sunak will present possibly the most consequential Budget in half a century. UK PLC is simultaneously struggling to cope with both the ongoing catastrophic impact of the Covid pandemic and the unanswered questions of what post-Brexit Britain will look like. According to the OBR, this year’s expected budget deficit will likely [...]
Rishi Sunak should axe 20 UK taxes in Budget, says think tank March 1, 2021 The UK should axe inheritance tax, stamp duty, the TV licence fee and 18 other taxes to simplify the UK’s taxation regime post-Covid, according to a free market think tank. The Institute for Economic Affairs’ (IEA) pre-Budget release has called for Rishi Sunak to “simplify the tax system, reduce the overall burden of taxation, and [...]
Budget: ‘Now not the time for harsh cleansing of the economy’, warns Brewin Dolphin’s chief strategist February 28, 2021 The UK government’s actions throughout the Covid pandemic, to protect the livelihoods of many., has led to a national debt pile not seen since World War 2. No wonder all eyes are now on next week’s Budget. With the vaccine rollout well under way, thoughts are slowly turning to how the UK can reduce its debt, [...]
Budget 2021: Chancellor set to unveil mortgage guarantee scheme February 27, 2021 The Chancellor will use Wednesday’s Budget to unveil a new mortgage scheme aimed at getting tens of thousands of people onto the property ladder. Under the new programme, first time or current homeowners looking to buy a house of up to £600,000 will need a deposit of just five per cent to secure a mortgage. [...]