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
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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
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
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
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.
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
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
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,
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
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
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
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
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
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
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 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.
