Billionaire exodus shows Britain is no longer a place for wealth to grow May 21, 2025 The Sunday Times’ Rich List has revealed a sharp decline in the number of UK-based billionaires in a worrying sign of the damage Labour’s tax policies are causing, says Jon Shankland The Sunday Times’ annual Rich List, published its latest iteration last week. Amid the names of the country’s most affluent, the list also revealed [...]
Greene King: Pub giant calls for ‘urgent help’ after losing £150m May 19, 2025 Pub giant Greene King has issued an urgent plea to the government for help after slumping to a near-£150m loss in 2024. The Suffolk-headquartered group fell to a pre-tax loss of £147.1m during its latest financial year, having posted a profit of £45.2m in 2023. Greene King, which operates around 2,600 pubs, restaurants and hotels across England, [...]
Rachel Reeves’ tax hikes to cost Timpson £12m extra a year May 16, 2025 Chancellor Rachel Reeves’ Autumn Budget tax hikes are set to cost the business empire of fellow government minister Lord James Timpson £12m extra a year, it has been revealed. The Manchester-headquartered group said the increases in employer’s National Insurance contributions and the National Living Wage will eat into its earnings in the years to come. [...]
Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions May 13, 2025 One of the top private schools in the UK is “taking stock” as it warns Chancellor Rachel Reeves’ tax hikes will cost it millions. Gresham’s School, whose former students include Sir James Dyson – who donated £35m in 2023 – added it will have to now take action to make sure it “does not become [...]
How to get your personal finances in order before the end of the tax year April 1, 2025 As we enter the final week of the 2024-25 tax year, the good news is that investors still have time to maximise their tax-free allowances to protect their wealth from HMRC. The not-so-good news is that many savers and investors don’t seem to be aware of this, and the clock is now ticking.
Chancellor defends budget choices ahead of Spring statement March 23, 2025 Chancellor Rachel Reeves has defended the government’s recent budget decisions, claiming they were necessary for economic stability amid uncertain global conditions. In an interview with BBC’s Laura Kuenssberg on Sunday, Reeves emphasised the importance of making difficult choices to ensure long term fiscal responsibility. “There are always going to be costs for every choice you [...]
Lord Andrew Lloyd Webber’s theatre empire braced for Reeves’ tax hike March 18, 2025 Lord Andrew Lloyd Webber’s theatre empire has warned it is bracing for the “notable impact” the hike in employer’s National Insurance contributions (NICs) when it comes into force next month. Chancellor Rachel Reeves announced in her Budget in October 2024 that NICs would rise by 1.2 per cent from April to 15 per cent in [...]
What can small businesses expect from Reeves this spring? March 12, 2025 Small businesses (SMEs) are preparing for slumped growth ahead of this year’s Spring Statement, with increasing concerns over upcoming National Insurance (NI) hikes and business rate relief cuts due to come in in April. Business leaders remain wary of tax increases and spending cuts that could further squeeze SME margins, despite a lower interest rate [...]
‘We will not give in’: Farmer tax fury is not going away February 26, 2025 Gripping his lectern on stage in Birmingham, Keir Starmer was attempting to win over the ever-sceptical delegates at the National Farmers’ Union congress. The then-leader of the opposition told attendees of the 2023 iteration of the annual jamboree that he understood their pain, and promised to reset government relations with farming were he fortunate enough [...]
Checkatrade CEO: ‘My plan to get Britain growing again’ February 20, 2025 The chief executive of Checkatrade has revealed what he would like the government to change in order to boost British businesses and get the country growing again. Speaking during an up-coming episode of CityAM’s Boardroom Uncovered interview series, Jambu Palaniappan argued Labour should reform the rules around planning permission to made it easier for [...]