Price hikes are coming as firms battle Reeves tax raid, Bank of England survey suggests January 9, 2025 The Bank's latest decision maker panel, which surveys finance chiefs around the country, showed that firms' inflation expectations picked up in December.
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.
Budget will force majority of firms to hike prices, survey suggests January 8, 2025 A majority of businesses will lift prices in the next six months due to the government's national insurance hike, a new survey suggests.
UK stock funds suffer worst year on record as investors pull nearly £10bn January 8, 2025 UK-focused stock funds suffered their worst year on record last year as investors yanked nearly £10bn from the market, new figures have shown. While equity vehicles globally raked in a record £27.2bn through 2024, UK funds haemorrhaged some £9.6bn in their most sluggish year ever relative to the performance of the wider market, according to [...]
Majority of people want inheritance tax cut exclusive poll finds January 7, 2025 Research from Freshwater Strategy showed that 54 per cent of voters think the controversial tax should be set at a lower level.
A ‘painful sequel’ to the Budget may be coming, Deutsche Bank warns January 7, 2025 Businesses should brace for a “painful sequel to the autumn Budget” this year as lacklustre growth raises the threat of further tax hikes from Rachel Reeves, Deutsche Bank has warned. In a note to investors, the investment bank warned that growth was likely to slide below the Office for Budget Responsibility’s (OBR) projections in October [...]
UK house prices climb at fastest rate since 2021 – but fears over Budget impact mount January 7, 2025 According to Halifax, UK house prices rose 3.3 per cent across 2024 as a whole, with the majority of the house price growth coming in the second half of the year.
How will the UK economy perform in 2025? January 7, 2025 The economy has shown few signs of life since June and business surveys since October's Budget have painted an incredibly bleak picture of the year ahead.
Reeves employer NIC tax plans raise wind-up fears for football clubs January 7, 2025 A total of 24 professional football clubs are in arrears to HMRC over PAYE debt, with experts fearing that number could rise due to Rachel Reeves’s budget. Clubs including Championship side Reading and National League Southend United are among those who received winding-up petitions from HMRC in 2024. But business experts have warned that changes [...]
Business confidence slumps in ‘pressure cooker’ of higher taxes January 6, 2025 The British Chamber of Commerce's quarterly survey showed that 63 per cent of firms cited tax as a worry in the final quarter of last year, up from 48 per cent in the third quarter.
