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
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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
Former Google boss Eric Schmidt is one of many high-profile executives who will be attending the first international investment summit organized by the Labour government. Schmidt, former Google chief executive
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
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
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
The Office for Budget Responsibility’s crystal ball shows that Britain will be a very different place in 50 years. It is indeed grim. The government’s independent watchdog on spending predicts
The French government has requested more time from the European Commission to present its plans for debt reduction and deficit reduction. This comes as Michel Barnier, the new prime minister,
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
Italy doubled its flat tax on foreign income for new residents. This is a blow for wealthy expats who are fleeing higher taxes elsewhere in Europe. The cabinet of Prime
Rachel Reeves accused Jeremy Hunt on Monday of lying about the condition of the public finances. This escalated a dispute with the Conservatives, who claimed that they had left a
After Labour’s overwhelming victory in the general election this month, optimism among senior executives of some of Britain’s largest businesses has increased. According to Deloitte’s latest survey, chief financial officers
According to a BritishAmerican Business trade association, tax has surpassed political stability as the number one reason US companies cite for not wanting to invest in the UK. The index
Babcock has suffered losses that nearly doubled, to £190million, on its attempt to build cheap warships in Britain. Five Type 31 frigates that were supposed to cost £1.25bn are the
A shake-up that aims to increase the average pensioner’s savings by £11,000 could benefit the more than 15,000,000 people in the UK who contribute to workplace pension schemes. The king
The International Monetary Fund upgraded its growth forecasts for the UK’s economy in this year. This is a major boost to the Labour Government, just weeks after the General Election.
