Spring could prove to be an economic washout February 26, 2025 A modest burst of warm weather towards the end of last week may have coaxed the snowdrops and bluebells into life but don’t go dusting off the BBQ, as the cold isn’t done with us yet. Meteorologically speaking, Spring kicks in on 1 March but forecasters say the first month of the new season is [...]
Andy Burnham slammed for Manchester tourist tax plans February 21, 2025 Andy Burnham has been slammed by the chief executive of UKHospitality after backing plans for a new tourist tax to be introduced in Manchester. The mayor of Greater Manchester said earlier this week that tourists visiting the city region should pay a “proper” mandatory “tourist levy”. He added that he wanted to see Manchester city [...]
Economists warn of tax hikes after borrowing blow February 21, 2025 Figures from the Office for National Statistics (ONS) showed that tax receipts fell short of expectations in January due to the sluggish performance of the UK economy.
Budget costing jobs and pushing up inflation, survey suggests February 21, 2025 Excluding the pandemic, employment fell at the fastest pace since the global financial crisis, the survey suggested.
Everything you need to know about tariffs February 19, 2025 The threat of tariffs mean businesses must check their exposure and figure out what’s going on in their supply chains, says Tim Sarson I’ve decided to write an article on tariffs. I don’t do this lightly. Not only is it political, it is dominating the news agenda. So I’ll steer clear of the politics or [...]
Labour’s jobs tax is proving the Laffer curve in real time February 19, 2025 Widespread falls in hiring and increases in redundancies are a textbook demonstration of how tax can destroy economic activity. Labour’s National Insurance rise is proving economic theory before our eyes, says Matthew Kilcoyne Sometimes the data tells a story so clear it hurts. The latest CIPD survey gives us exactly that – a textbook demonstration [...]
Government backtracks on tax hike for private equity firms February 18, 2025 The government has reversed a decision to hike taxes on private equity firms by ditching changes to the tax treatment of members at limited liability partnerships (LLPs). The new guidelines, which were released last year, targeted salaried members on what tax contribution they pay, which affected the partner compensation at most firms. Before the new changes, members [...]
Just over half of Brits in favour of green taxes on households February 18, 2025 According to new research, just over half of Brits are in favour of introducing taxes to encourage a reduction in households’ carbon footprint. According to a survey from EPC and energy efficiency platform epIMS, the most-favoured tax of those surveyed was a waste management levy, with a quarter of respondents supportive of a tax on [...]
Shield your assets from inheritance tax with life insurance February 17, 2025 Inheritance tax entered the headlines last year when the Labour government used its first budget to announce measures designed to close loopholes and raise funds, prompting savers and advisers to reconsider their financial planning. The government’s proposals include plans to impose inheritance tax on unspent pensions from April 2027 and a pledge to reform the [...]
‘This is Keir Starmer’s Poll Tax’: Labour warned inheritance tax protests won’t stop February 17, 2025 The Labour government’s reforms to farmers’ inheritance tax announced in the Autumn Budget has been branded as “Keir Starmer’s Poll Tax”. William Lees-Jones, who owns and runs Manchester-based JW Lees, which has produced real ale since 1828, added that the Prime Minister is “losing the argument and feeling rattled”. The pubs boss has liked the policy, which [...]
