Meta chief Mark Zuckerberg, valued at an estimated $208 billion or £159 billion, could soon face an unexpected £8 billion bill due to a proposed billionaire tax in California. The
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The chief executive of Jet2 has urged the government to reconsider plans to increase taxes on the airline and holiday industry, cautioning that further rises will inevitably be passed on
Britain is becoming increasingly unattractive for international investment due to protracted planning processes and sluggish decision making, according to Jonathan Oppenheimer, scion of the Oppenheimer diamond mining dynasty. Speaking at
Lenders have made notable reductions to mortgage rates as the property market prepares for potential tax reforms in the forthcoming Budget. Barclays has decreased its five year fixed mortgage rate
The Chancellor, Rachel Reeves, is poised to unveil a new property tax surcharge targeting middle class and affluent homeowners, as the government seeks to generate £25 billion to stabilise UK
The Chancellor faces a gap of at least £20 billion in the upcoming November budget, demanding a strategy that is both effective and politically viable. Enhanced tax receipts have offered
Sir Keir Starmer and Rachel Reeves have abandoned plans that would have broken Labour’s manifesto pledge not to increase income tax rates in the forthcoming budget. Senior officials indicated that
Investors have withdrawn an unprecedented volume of capital from stock funds amid speculation over impending tax increases and heightened concerns regarding possible overvaluation in the artificial intelligence sector. October saw
Heathrow Airport has sharply criticised proposals that would see its business rates bill rise fivefold to £500 million from the current £121 million, arguing such an increase undermines the government’s
When Governor Kathy Hochul took the stage at a rally in support of Zohran Mamdani during the closing days of his New York mayoral campaign, her speech was met with
Rachel Reeves’s widely anticipated move to increase gambling taxes in her upcoming 26 November Budget is being met with serious warnings from industry experts. According to a recent report by
The Treasury is weighing up introducing a 3p per mile charge for drivers of electric vehicles, a move that has raised alarm across the motoring industry and among consumer groups.
HM Revenue & Customs and liquidators are pursuing businesses behind twenty one films that sought almost £16 million in UK creative industry incentives, as questions mount over the use of
The Bank of England faces mounting pressure to postpone cutting interest rates this month, as uncertainty hangs over Chancellor Rachel Reeves’s forthcoming budget. The Times shadow monetary policy committee has
Nigel Farage, leader of Reform UK, has cast significant uncertainty over the future of the pensions triple lock, signalling a shift away from the party’s ambitious economic pledges from its
Morgan Stanley has emerged as the only bank to levy charges for its involvement in the privatisation of NatWest Group, formerly the Royal Bank of Scotland, while other leading investment