Autumn Budget: Which taxes will Rachel Reeves hike? October 22, 2024 With the Autumn Budget set to be delivered in just a few days, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit, which she claimed unearthed a “fiscal black hole” of £22bn, paving [...]
Here’s how Reeves could use the Budget to incentivise investment October 17, 2024 As well as balancing the books, Rachel Reeves should use the Budget to help businesses recapture their joie de vivre, says Claire Blackburn The new government’s first Autumn Budget on 30 October is arguably the most anticipated fiscal event in recent memory. Balancing the books will be a top priority and the £22bn hole in [...]
UK fintech stars warn capital gains tax hike could force them to relocate October 16, 2024 Prominent UK fintech founders have warned the new government that hiking capital gains tax risks forcing them out of the country, with nearly half already mulling relocation.
Investor confidence dropped on capital gains tax and pension Budget fears October 16, 2024 The Hargreaves Lansdown investor confidence index dropped more than 11 per cent over the last month as fears of the Budget spread throughout UK investors. Confidence among investors has been on a downward trend for some time, with a similar sized fall happening the month before. “The looming budget in the UK, due to be [...]
Support for innovation is needed in Budget warns pharmaceutical industry October 15, 2024 The Association of the British Pharmaceutical Industry (ABPI) has called on Rachel Reeves to prioritise research and development (R&D) investment in the coming Labour Budget to unlock the potential of the UK life sciences sector. The APBI’s pre-Budget submission stressed the importance of maintaining and increasing public R&D funding to increase the UK’s attractiveness as [...]
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 [...]
Robert Walters blames Budget uncertainty for slump in UK fees October 15, 2024 Recruiter Robert Walters has posted a slump in net fee income as economic and political uncertainty dragged on hiring in the UK and Europe.
Public backs online gambling tax raid as rumours of duty hike swirl October 15, 2024 Hiking taxes on online casino gambling would raise the government as much as £900m and has the support of over half of UK voters, according to a report from an influential think tank. The study by centrist think tank the Social Market Foundation (SMF), proposed a doubling of the rate of tax on online gambling, [...]
Is reckless Reeves about to open the door to the next financial crisis? October 15, 2024 Rachel Reeves’ plan to change the fiscal rules to redefine debt reveal a Chancellor dangerously out of her depth, says Andrew Griffith A flurry of briefings suggest that the Chancellor is rolling the pitch to change the fiscal rules or the definitions of debt within them. These are the same thing: the ‘golden rule’ of [...]
Raising capital gains tax would be a hammer blow for entrepreneurs October 15, 2024 If the Chancellor raises capital gains tax at the Budget, entrepreneurs will either decline to sell or move to a friendlier jurisdiction – either way Britain will lose out, says Andreas Adamides Many people debate whether John Lennon or Paul McCartney was the better songwriter. But for me, it’s George Harrison I’m thinking of right [...]