‘No doubt’ of inheritance tax reform as government books a record haul from the levy September 20, 2024 New figures from HMRC showed inheritance tax receipts hit £3.5bn between April and August, £300m higher than the same period last year.
Replace the NHS with Social Health Insurance says think tank September 19, 2024 The IEA has called for a radical transformation of the NHS, proposing it be replaced with a Social Health Insurance system to improve healthcare outcomes in the UK
Starmer urged to build more homes in big cities and forge closer ties with EU to boost growth September 19, 2024 A report from the OBR last week made clear the potential fiscal benefits of generating economic growth.
‘Extremely frustrated and angry’: Harland & Wolff shareholders despair as buyers circle beleaguered Titanic builder September 18, 2024 The crisis at Harland & Wolff reached a head on Monday when the shipyard revealed it would likely enter administration later this week.
The departure of the super rich is an early warning siren for the rest of us September 18, 2024 Marcelo Goulart, managing partner at the Zurich-based wealth advisor First Alliance, has been so busy helping his clients leave the UK that he’s had no summer holiday. He tells City PM that 80 per cent of his “UK exposed” clients have either left the country or are in the final stages of doing so. He [...]
UK tech faces talent exodus if founders are penalised by tax hikes September 17, 2024 Prime Minister Keir Starmer has promised that Chancellor Rachel Reeves’ first Budget will prioritise economic growth and wealth creation. But moves to hike taxes that will hurt Britain’s entrepreneurs are putting that pledge in doubt. As British businessman Sir Martin Sorrell warned in City PM: “Increasing capital gains tax, especially without index-linking or time apportionment, [...]
Investor Luke Johnson slams Labour’s ‘socialist fantasy’ workers’ rights reform September 17, 2024 Revolution Bars’ newly-appointed chair and seasoned investor Luke Johnson has criticised Labour’s proposed workers’ rights overhaul, calling it a “socialist fantasy.” Labour is preparing a sweeping reform to tackle the UK’s “culture of presenteeism,” including a ban on “exploitative” zero-hours contracts and day-one employment rights. The government argues the changes will drive employee productivity. However, [...]
Oxford Street: Former MP for the City and Westminster brands pedestrianisation ‘bullying’ September 17, 2024 A row has erupted over Sadiq Khan’s plans to pedestrianise Oxford Street as the area’s former MPs branded the move “bullying”. The mayor of London today unveiled proposals to ban traffic from the iconic central London retail destination, in what he hopes will reinvigorate the nation’s “most famous high street”. But Nickie Aiken, the former [...]
Sir Martin Sorrell: Labour’s working week reforms won’t help firms September 17, 2024 British businessman Sir Martin Sorrell has said that altering the working week will not boost productivity in the UK, pushing back on Prime Minister Keir Starmer’s pledges to transform Britain’s work culture.
Keir Starmer: Policies that inhibit growth will be in the ‘no column’ September 17, 2024 “If it promotes economic growth, it’s in the Yes column — if it is inhibiting growth, it’s in the No column,” he reportedly said.
