Tractors circle Westminster as farmers protest inheritance tax rise November 19, 2024 Thousands of farmers marched on Westminster today in protest against the government’s plans to impose inheritance tax on farms. The Chancellor Rachel Reeves has been urged to meet with representatives from the industry after she unveiled plans in the Budget to impose inheritance tax (IHT) on farms worth more than £1m from April 2026. The [...]
Reeves has been ‘straight with the public’, No10 insists amid CV row November 18, 2024 Rachel Reeves has been “straight with the public” about Britain’s accounts and “restored financial stability”, No10 has insisted, amid claims the Chancellor exaggerated her CV. Reports emerged this weekend that Reeves had inflated the length of her service at the Bank of England in a Stylist interview in 2021. She told the magazine in 2021 [...]
Non-doms: South Africa’s richest woman is fighting to stay in the UK November 18, 2024 When it comes to leaving countries in a hurry, Magda Wierzycka has plenty of experience. At just 12 years old, the South African entrepreneur and her parents fled their native Poland under the the cover of night, becoming refugees after its communist government declared martial law. Ending up in South Africa – via an Austrian [...]
Labour’s assault on the private sector will come back to haunt them November 18, 2024 The weekend’s papers groaned under the weight of business leaders’ concerns and complaints about the Labour’s government’s recent Budget and wider policy agenda. “They don’t understand business” ran an FT article, drawing on a host of quotes from alarmed chief executives. “Honeymoon’s over for business chiefs…” was the warning in a similar Sunday Times article. [...]
Reeves ‘not satisfied’ as economic growth slows in third quarter November 16, 2024 Rachel Reeves has said she is “not satisfied” after official figures showed economic growth slowed in the months after Labour won the election, and even contracted in September. The UK economy grew by 0.1 per cent between July and September, versus 0.5 per cent growth in the previous quarter, the Office for National Statistics (ONS) [...]
Get rid of ‘mongrels and wasters’ by paying government advisors more November 15, 2024 Sue Gray’s salary as chief of staff attracted controversy for all the wrong reasons: it was too low, not too high. Across government, we should be prepared to pay serious money for serious talent, says Patrick King Staffing appointments by the new government have led to cries of cronyism, with hand-wringing about civil service politicisation. [...]
Reeves eyes £80bn investment with pension ‘megafunds’ November 14, 2024 The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming [...]
Exclusive: Reeves to reveal new mutual council with Nationwide and Co-op November 14, 2024 Chancellor Rachel Reeves will set out plans for a new mutual council today made up of some of Britain’s biggest customer and member-owned firms, including Nationwide, Royal London and the Co-op Group, City PM understands. In her maiden Mansion House speech, Reeves is expected to set out a growth plan for mutually owned business as [...]
Working mothers will pay for Labour’s tax rises November 13, 2024 Employers’ national insurance hikes will increase the cost of childcare and put nurseries out of business, making life for working mothers even harder than it already is, says Alys Denby Governments are notoriously bad at picking winners, but Britain is about to find out what happens when leaders are more interested in picking losers. From [...]
Vodafone boss shrugs off Budget as company set to double-down on UK November 12, 2024 The boss of the FTSE 100 telecoms giant Vodafone has shrugged off suggestions Labour’s tax-raising Budget will have an impact on the business. Vodafone chief executive Margherita Della Valle estimated the Budget’s total cost to Vodafone at around £10m in a call with investors and analysts following its half-year results, published this morning. “In the [...]
