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government
End of the Line for Private Rail as Labour Ushers in New Era of State Control
Britain's historic railway privatisation experiment concluded on Thursday, marking the end of a contentious three-decade journey and initiating the complex task of renationalising an industry in crisis. The Labour government's cornerstone…
UK Treasury Spending Review Delayed Until June 2025 Under Reeves Leadership
The UK Treasury's multiyear spending review has been postponed until June 2025, marking a significant delay from the initially planned spring announcement. Chancellor Rachel Reeves's decision extends the period of fiscal uncertainty for…
Business Leaders Demand Urgent Reform of Rates System to Protect British High Streets
More than 80 prominent business leaders have intensified their campaign for immediate reform of the antiquated business rates system, warning the Treasury that swift action is essential to preserve Britain's struggling high streets.
The…
NatWest Privatisation Accelerates as Government Stake Drops to 11 Percent
The British government's exit from NatWest has gained momentum as its ownership stake diminishes to just under 11 per cent of the FTSE 100 bank. The reduction comes through a methodical trading plan designed to gradually release shares into…
Britain Prepares to Ease Electric Vehicle Sales Rules as Industry Faces Crisis
The UK government is poised to modify regulations governing the electric vehicle (EV) market amid mounting pressure from manufacturers claiming current sales quotas are pushing the industry towards a breaking point. Transport Secretary…
NatWest Share Buyback Reduces Government Stake to 114 Per Cent in £1 Billion Pound Deal
In a significant move towards complete privatisation, NatWest has executed a £1 billion share buyback from the Treasury, diminishing the government's ownership to 11.4 per cent. The FTSE 100 bank purchased 263 million shares at 380.8 pence…
Chinese Government Ordered to Sell UK Chipmaker Stake After Russian Tank Discovery
The British government has issued a decisive order forcing a Chinese technology company to divest its majority stake in a UK-based semiconductor manufacturer. This landmark decision follows revelations that the company's microchips were…
UK Treasury Faces Criticism Over £95 Billion Pound Budget Disclosure Breach
The UK Treasury has breached its legal obligations by failing to disclose a £9.5 billion overspend by government departments prior to the March Budget, according to the fiscal watchdog's leadership.
Richard Hughes, chair of the Office…
Chinese Government Intensifies Tax Collection Drive on Wealthy Citizens and Corporations
Chinese authorities have launched an aggressive campaign to recover unpaid taxes from wealthy individuals and corporations, signalling a significant shift in the nation's fiscal policy amid economic pressures. The move comes as local…
Half of British Benefit Claims to be Health Related by 2029 as Costs Double to £100 Billion Pounds
Britain's welfare system faces an unprecedented challenge as projections indicate health-related claims will constitute 50% of all primary benefit applications by 2029, with annual costs surpassing £100 billion for the first time in…
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…