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government
Labour Unveils First Budget in 15 Years With £35bn Tax Rises on the Horizon
The Labour government is poised to implement significant fiscal changes as Rachel Reeves, the first female Chancellor of the Exchequer, prepares to deliver her maiden budget speech. The financial package, estimated at £35 billion in tax…
UK Borrowing Costs Surge as Markets Brace for Reeves Historic First Budget
British long-term borrowing costs reached a post-election peak on Tuesday as financial markets prepared for Rachel Reeves' landmark first Budget. The chancellor is poised to unveil an ambitious plan to raise tens of billions of pounds for…
UK Government Urged to Simplify Visa Process for AI Experts
The UK government faces calls to streamline its visa process for experts in artificial intelligence, aiming to bolster the nation's burgeoning tech sector. A report commissioned by the government and authored by venture capitalist Matt…
Reeves confirms that the budget will reverse massive cuts to UK public investment
Rachel Reeves, in her next budget, will promise to reverse massive cuts in public investments after she confirmed rules that limit her spending power would be overhauled so the government could release up to £50bn in infrastructure…
Reeves says wealthy UK citizens will not be subject to a ‘tax on exit’
Rachel Reeves ruled out an exit tax for wealthy people who leave the UK in order to avoid higher taxes, in this month's Budget. Meanwhile, business is bracing itself for a hike in the capital gains tax.
In recent days, the chancellor was…
Abu Dhabi sells 9.9% of Thames Water
Abu Dhabi's sovereign fund has written-off its investment in Thames Water, a blow for the Labour government who is preparing to host a summit to attract large institutional investors to the UK.
Accounts filed in June by a…
Rachel Reeves spares PE bosses the top UK tax rate as part of a compromise over…
Rachel Reeves is unlikely to hit the private equity industry with the 45p top tax rate this month, because she's looking for to find a compromise deal to close the tax "loopholes", which doesn't drive investors away from Britain. Reeves…
From 2025, the UK and EU will hold regular summits of their leaders.
After a meeting between the EU and UK in Brussels to "reset" post-Brexit relationships, the EU and UK committed to holding the first of a series annual summits in 2019. The meeting with European Commission President Ursula von der Leyen UK…
Treasury asks ministers to prepare billions of pounds in infrastructure cuts
The government is asking ministers to cut billions of pounds from infrastructure projects in the next 18-months, despite Rachel Reeves promising to invest more for the growth of the economy. Sources in the government said that members of…
French Premier Michel Barnier announces tax increases and spending cuts
Michel Barnier, France's new Prime Minister, warned that the repair of the degraded country's public finances would require years of "collective efforts" and announced "temporary targeted" tax increases on large businesses and the wealthy.…
Starmer signals that the UK budget will include an increase in capital expenditure.
Sir Keir has cleared the path for a large increase in capital expenditure at the Budget next month, after his government received the backing of Paris-based OECD reforms that boost growth-enhancing investment. In New York, Prime Minister…
The new French government is considering tax increases on business and the wealthy
The new French government has begun to study options for taxing the wealthy and companies in order to reduce deficits while maintaining President Emmanuel Macron’s pro-business record.
Antoine Armand is the finance minister of France. He…
Sources say that Reeves may change the fiscal rules in order to allow for more capital expenditure.
According to sources within the government, Rachel Reeves may change how fiscal rules of the government are calculated in order to allow for billions more pounds to be spent on capital projects. The chancellor said Labour Conference that…
No. 10 prepares for possible defeat in winter fuel vote at Labour Conference
The No. 10 team is preparing for a possible defeat at the Labour Conference, where a vote will be held to condemn cuts in winter fuel allowances. Major trade unions are lining up to support a motion that would reverse Rachel Reeves’…
UK music industry pressurises government to resolve post-Brexit touring restrictions
After EU documents indicated that Brussels was not "prepared" to change the regulations, industry insiders have called on the UK government for a solution.
Keir starmer promised in Labour's manifesto to improve trade and investments…
Michel Barnier arrives to fix France’s ‘ungoverned’ state
Michel Barnier, former Brexit negotiator for the EU, now chosen as France's prime minister in order to avoid a crisis of political nature, hasn't always been kind towards his new boss Emmanuel Macron.
The veteran politician, aged 73,…
What Tax Increases Could Feature in the UK Autumn Budget
As Prime Minister Keir Starmer warns of "painful" decisions ahead for the UK's public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While Chancellor Rachel Reeves has ruled out increases…
KPMG Secures £223 Million UK Government Contract Amid Plans to Reduce Consultant Spending
In a surprising turn of events, KPMG, one of the Big Four accounting firms, has been awarded a substantial £223 million contract by the UK government to provide training for civil servants. This development comes at a time when the Treasury…