Starmer set to announce £22bn boost for UK carbon capture October 4, 2024 The UK is set to invest almost £22bn over 25 years in carbon capture and storage schemes, Sir Keir Starmer is to announce ahead of the upcoming international investment summit. Projects in Teesside and Merseyside will benefit from the £21.7bn in funding over 25 years, which the government says will attract £8bn in private investment [...]
How Manchester hopes to influence Rachel Reeves to boost UK productivity October 3, 2024 A new think tank has been launched in Manchester hoping to influence Chancellor Rachel Reeves and the new Labour government’s efforts to boost productivity across the UK. The Productivity Institute, which is based at the University of Manchester, has set up a policy unit with the aim of ‘informing and influencing’ the likes of Reeves. [...]
Labour capital gains hike would probably cost Treasury money, experts warn October 3, 2024 As the budget approaches, speculation is mounting that Chancellor Rachel Reeves is planning to reform CGT to help fill an alleged £22bn blackhole in the public finances.
Is Rachel Reeves planning a £24bn pension tax raid? October 1, 2024 It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]
Business confidence takes ‘large dive’ in September as budget fears intensify October 1, 2024 Optimism in the economic outlook fell to its lowest level since 2022.
Dear Chancellor, a plea (and a wish list) for the Budget October 1, 2024 As Rachel Reeves's Budget approaches - and speculation heightens - Brandon Lewis sets out his growth-boosting wish list for the Chancellor.
Tax burden ‘will not fall in my lifetime’ warns IFS chief September 30, 2024 Over recent years the tax burden has climbed to a post-war high of 37 per cent of national income despite the attempts of the previous government to cut taxes.
Tories urged to ‘champion’ City when arguing for growth September 30, 2024 Canada Corporation urges the Tory party to prioritise financial services to support economic growth
Tory conference: Hunt warns Labour against ‘catastrophic’ Budget tax hikes September 30, 2024 Jeremy Hunt has warned Labour against making “catastrophic mistakes” in the Budget and hiking up “tax in a way that destroys growth”. The shadow Chancellor issued a stark warning to the government as he spoke at the annual Conservative Party conference in Birmingham. Asked at an in-conversation event on Monday, if things could get worse, [...]
How will Labour fill the non-dom shaped hole in their tax plans? Brace yourself. September 30, 2024 Cast your mind back to the Spring and early Summer of this year when the election campaign was underway. It seemed the Tories were announcing a new policy every day, from the return of National Service to inventive new ways of protecting pensioners’ incomes, Conservatives filled the airwaves with ideas, policies and announcements. In the [...]
