The government is steamrolling family farms December 2, 2024 Ministers appear to have got their understanding of farming from Ladybird books filled with smiling yokels on little red tractors, says Tim Bonner The starting point for trying to understand the current row over inheritance tax and agricultural land is that farming is an essentially illogical activity. The return on assets in farming businesses is [...]
Sea of tax changes? Why getting your ducks in a row on pensions is vital December 2, 2024 Inheritance tax changes may feel a long way away, but sooner is better when it comes to structuring your assets to pass on as much wealth as possible to your loved ones, says Duncan Bailey The Budget has given businesses and individuals much to consider with announcements made around spending, national insurance contributions for employers [...]
Employer national insurance raid could lead to 130,000 jobs being slashed November 28, 2024 Analysis from Bloomberg Economics suggests that up to 130,000 jobs could be lost if firms responded to the tax hike primarily by cutting employment.
Starmer refuses to rule out further tax rises or more borrowing November 27, 2024 Sir Keir Starmer has refused to rule out further tax rises or additional borrowing when challenged to repeat his Chancellor’s pledge not to “come back with more”. During Prime Minister’s Questions (PMQs) in the House of Commons on Wednesday, Conservative opposition leader Kemi Badenoch asked Starmer about Rachel Reeves’ words. She said: “At the Confederation [...]
FTSE 100 tax contribution hits £90bn amid warnings against further hikes November 27, 2024 PwC estimated that firms in the 100 Group contributed a total of £93.3bn to the Exchequer in the 2023/24 financial year.
Inheritance tax grab on London’s junior AIM could cost Reeves £1bn November 26, 2024 Rachel Reeves’ inheritance tax hike on London’s junior market AIM in the Budget is likely to cost more than a billion in revenue for the Treasury, investment bank Peel Hunt has warned. The government had estimated that it would raise £92.5m from its 50 per cent inheritance levy on AIM stocks, based on calculations from [...]
‘We’ve made our decisions’- Don’t expect Budget rethink, Reeves implies November 25, 2024 Rachel Reeves has implied she won’t rethink her Budget measures in the wake of backlash from business, saying: “We’ve made our decisions.” The Chancellor appeared at the Confederation of British Industry (CBI)’s annual conference on Monday in a fireside chat with Keith Anderson, the chief executive of Scottish Power. She was asked by ITV about [...]
Black Friday: Amazon workers to strike on one of busiest retail days of the year November 25, 2024 Amazon workers in more than 30 countries, including the UK and US, will strike this Black Friday in a protest against the labour practices of the tech giant. The strike, coordinated by the Make Amazon Pay campaign, is the fourth consecutive year of organised action. Protests will also take place in major cities in dozens [...]
Hargreaves Lansdown launches five online VCTs after Budget tax hikes November 25, 2024 Hargreaves Lansdown has launched a new online venture capital trust (VCT) investment service following tax hikes introduced in last month’s Budget. The new service will begin by offering five VCTs, which includes two AIM VCTs from Octopus and its Apollo VCT, Blackfinch Spring VCT and Calculus VCT. The news comes following a host of tax [...]
BDO becomes £1bn giant as partner profit recovers November 25, 2024 Revenue at BDO, the accountancy and business advisory giant, has surpassed £1bn for the first time in its 100-year history, it has been confirmed. The London-headquartered firm, which has offices across the country, said its “continuedprogramme of investment” helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024. The [...]
