Retail sales rise unexpectedly despite Budget tax fears October 18, 2024 Retail sales came in ahead of expectations.
Why investors are switching from bullion bars to coins amid Budget capital gains tax fears October 17, 2024 The sale of bullion bars has suffered a sharp drop amid fears Chancellor Rachel Reeves could hike capital gains tax in the Budget later this month. The Royal Mint has revealed sales of bullion bars, which are subject to capital gains tax, fell by 11 per cent year on year in the three months to [...]
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 [...]
Capital gains hike would not damage entrepreneurship, IPPR argues October 17, 2024 Rates of capital gains tax differ depending on the asset but are well below income tax rates, largely in an attempt to encourage innovation and risk-taking.
An unexpected side effect of non-dom rule changes? Divorce October 17, 2024 Much has been said on the financial implications of non-doms leaving the country due to punitive taxes, but less attentions has been paid to the personal and family consequences of such moves, says Cara Nutall Prime Minister Keir Starmer has stated that “painful” decisions are unavoidable to repair the UK’s economic damage and has asked [...]
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.
IMF predicts global debt to surpass $100 trillion this year October 15, 2024 In its latest fiscal monitor, the international fiscal watchdog said that public debt had spiralled post-pandemic, as governments increasingly embraced spending to stimulate economic growth.
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.
Capital gains hike in the Budget could push landlords out of the market October 15, 2024 In a paper published back in 2022, Capital Economics, a leading economic consultancy, predicted that hiking CGT would actually cost the Treasury.