Retail group calls for ‘rates corrector’ in next Budget September 13, 2024 High business rates and other bills have led to an overtaxing of the retail industry compared to its size in terms of GDP, according to fresh data. The British Retail Consortium found that retail pays 7.4 per cent of all business taxes – £33bn – a share 1.5 times greater than its share of the [...]
Government must ‘offer hope’ to attract investment, CBI chief to argue September 12, 2024 The government must “have and offer hope” in order to attract global investors to bet on and back Britain, the chief executive of the Confederation for British Industry (CBI) will argue. In a rejection of No10 and the Treasury’s gloomy economic language, Rain Newton-Smith will use the CBI’s annual dinner in Glasgow to call for [...]
Renters’ Rights Bill: What is it and what does it mean for the market? September 12, 2024 Labour’s Renters’ Rights Bill, which landlord groups have said will be the biggest change in the sector for over thirty years, entered parliament this week. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including removing no-fault evictions, tightening housing standards and loosening rules on pet ownership, King Charles [...]
Major NHS reforms will ‘take a decade’, Keir Starmer warns September 12, 2024 A series of major reforms to the NHS will “take a decade” and won’t be “universally popular”, Sir Keir Starmer has warned in a speech about the future of the UK’s healthcare system. The Prime Minister pledged that his Labour government “will always make the investment in our NHS that is needed… even in difficult [...]
In defence of political donors September 12, 2024 Labour’s cronyism scandal has rightly led to calls for greater transparency around donors but let’s not throw the baby out with the bathwater. If anything, we need more private money in politics, says Henry Newman Politics is sometimes called show business for ugly people. Aesthetics isn’t the only supposed difference between Westminster and Tinseltown. British [...]
Labour’s housebuilding plans ‘too reliant’ on private sector September 12, 2024 An influential think tank has argued that the government is unlikely to meet its ambitious housebuilding targets because it is "too reliant" on the private sector.
UK agrees £500m funding deal with Tata Steel September 11, 2024 The government will invest £500m into Tata Steel’s UK operations alongside an “improved deal” for workers to support the transition to greener steel production, business secretary Jonathan Reynolds confirmed today. Workers at the country’s biggest steel plant in Port Talbot, south Wales, will receive “improved” redundancy terms and the offer of a skills package, he [...]
Tech chiefs warn Chancellor not to undermine growth with tax hike September 11, 2024 A sweeping hike in capital gains tax (CGT) risks “undermining the chancellor’s growth agenda” and could suck talent and investment away from Britain’s start-ups, some of the country’s top fintech bosses have warned. Industry bodies and tech chiefs mounted a co-ordinated push to topple the suggestion of a blanket rise in CGT yesterday as they [...]
Failure to solve rental crisis will hurt Labour for years to come September 11, 2024 Ahead of the election, Labour devoted 1,000 words of its 142-page manifesto to its plans for house building, the planning system, and the private rented sector.
Barclays calls on UK to ‘break down barriers’ keeping £430bn from capital markets September 11, 2024 Barclays has warned that UK capital markets are missing out on £430bn in cash deposits as it called on authorities to create a "more balanced environment" for banks to support potential investors.
