UK CFOs set to cut hiring and slash investment following Budget January 13, 2025 Finance chiefs at UK businesses are focused on cutting costs in the wake of the Budget, with investment and hiring set to suffer as a result. Over half (52 per cent) of CFOs surveyed by Deloitte said cost reduction was a strong priority for their business in the wake of the Chancellor’s tax raid. The [...]
Big Four giant PwC names new Northern boss January 9, 2025 Big Four giant PwC has named its new Northern boss to succeed the incumbent who is retiring. Emma Suchland has been appointed as the firm’s new regional market lead for the North. She will take over from Armoghan Mohammed, who held the title of regional chair, who is to retire. Suchland joined the accountancy giant [...]
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.
Budget will force majority of firms to hike prices, survey suggests January 8, 2025 A majority of businesses will lift prices in the next six months due to the government's national insurance hike, a new survey suggests.
Majority of people want inheritance tax cut exclusive poll finds January 7, 2025 Research from Freshwater Strategy showed that 54 per cent of voters think the controversial tax should be set at a lower level.
Businesses gloomy about state of economy before Budget tax rises January 3, 2025 Business leaders remain gloomy about the state of the economy entering the New Year, a new survey shows, as they anticipate the impact of the Budget’s tax increases. The Institute of Directors’ economic confidence index, which measures business sentiment about the economy, rose to -61 in December, up from -65 the month before but still [...]
Spectre of another Labour tax raid haunts savers January 2, 2025 83 per cent of customers surveyed by the retail investment platform said they were either very concerned or somewhat concerned about tax increases in 2025.
‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze December 20, 2024 The amount of inheritance tax (IHT) brought in by the government ticked up to £600m in November, as frozen thresholds pushed more estates into paying the tax. “Christmas has come early for the government,” said Shaun Moore, tax and financial planning expert at Quilter, with the higher tax receipts allowing the amount the government borrowed [...]
Government borrowing plummets thanks to rising tax take December 20, 2024 Government borrowing dropped to £11.4bn in November, £3.4bn lower than last year, as higher tax receipts and lower debt interest gave the government a much needed boost. With the lowest November borrowing in three years, the current budget deficit, or amount of borrowing to fund day-to-day public sector activities, also dropped by more than a [...]
Bleak midwinter for the economy? It could be worse… December 19, 2024 The political and economy outlook for the UK may seem gloomy, but spare a thought for our European counterparts, says Tim Sarson It’s the last working week of 2024 for many of us. I’ll be switching off the laptop on Friday afternoon and packing up for what I hope is a restful Christmas break, give [...]
