The Chancellor’s ambitious £33 billion tax raid on non-domiciled individuals is likely to generate less revenue than initially forecast, according to leading legal experts, as wealthy individuals prepare to leave
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The Bank of England has issued stark warnings about mounting risks to the UK’s financial system, citing concerns over potential trade wars, geopolitical instability, and rising government debt burdens. The
British drivers continue to face inflated fuel costs due to “stubbornly high” margins, according to a recent report from the Competition and Markets Authority (CMA). The watchdog’s latest analysis reveals
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
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
The UK’s professional services sector has established itself as a crucial catalyst for economic growth in 2024, demonstrating remarkable resilience whilst other sectors face mounting challenges. Official data reveals the
British households are bracing for another increase in their energy bills as Ofgem announces a 1 per cent rise in the price cap, pushing typical annual costs up by £21
Fresh economic data reveals the UK economy has ground to a halt amidst growing concerns over tax increases announced in Rachel Reeves’s recent budget. The private sector witnessed activity plummet
A planned £3 billion emergency loan for Thames Water could incur more than £800 million in interest and additional costs, raising serious concerns about the impact on customers and infrastructure
In the wake of the UK's recent "shock and awe" budget announcement, the financial markets have been closely watching the government bond sector. The latest developments indicate a significant shift in investor sentiment, with demand for government bonds faltering in a post-budget auction. This blog post delves into the reasons behind this trend and its potential implications for the UK economy.
France and Germany criticised Sir Keir’s Starmer plan to tax private school fees. They said the policy could force hundreds of children from international schools, and damage diplomatic relations with
Tony Blair’s think-tank says that a pay-per mile road pricing system should be introduced now. It is also urging the chancellor, to overhaul motoring tax. Rachel Reeves will likely confirm
An engineering bosses’ group forecast that a well-executed Industrial Strategy could spark billions of pounds in investment to bring manufacturing back to Britain. According to a survey conducted by Make
Clare Barclay is the new chief executive at Microsoft UK. She will oversee the British Government’s Industrial Strategy. Barclay is to chair the Industrial Strategy Advisory Council. This council will
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
TotalEnergies’ chief executive said that the French oil major would reduce its investment in the UK if the government increased the windfall tax. Patrick Pouyanne says the plans of the
