Price rises loom as Budget hits Sainsbury’s with £140m costs November 7, 2024 Sainsbury’s chief executive Simon Roberts has cautioned that new government measures will hit shoppers with higher prices by adding £140m to the supermarket’s costs. These include a National Insurance hike, and a rise in the UK minimum wage. The increased National Insurance contributions, as announced by Chancellor Rachel Reeves in her Autumn Budget, will surge [...]
Hospitality bosses warn government tax hikes will hit investment November 5, 2024 According to reports, business leaders have warned the government that the tax rises announced in Labour’s Autumn budget will lead to a huge increase in costs and a fall in investment. The bosses of large retail and hospitality firms like Fuller’s, Greene King and Morrisons have warned business secretary Jonathan Reynolds that last week’s budget [...]
Workers’ rights package is ‘overdue and welcome’, says Ella’s Kitchen founder November 5, 2024 The government’s workers’ rights overhaul contains positive measures that will allow financially sustainable businesses to flourish, one of the UK’s leading entrepreneurs has said, calling for proper consultation with businesses on changes to the probation period. Paul Lindley OBE, the founder of the UK’s largest baby food brand Ella’s Kitchen and a pioneer of the [...]
CityAM Budget Breakdown: How Rachel Reeves’ decisions will impact business November 1, 2024 In partnership with Camarco, CityAM unpicked the key policies of Rachel Reeves' first budget and how they will impact business.
How will the Budget impact the prime housing market? November 1, 2024 The Budget was, by and large, a set of fiscal promises for people who rely on public services. So with that in mind, how might the Budget affect the prime housing market, a market exclusively for the UK’s wealthiest buyers? Prime houses are typically defined as the upper five per cent of houses in any [...]
Workers will bear the brunt of tax rises, OBR says October 31, 2024 Workers will end up shouldering the majority of the government’s national insurance hike, the fiscal watchdog said, as Rachel Reeves admitted that pay growth will suffer due to her tax plans. The Chancellor announced tax rises worth £40bn yesterday, making it the biggest tax-raising fiscal event since 1993. Changes to employers’ national insurance made up [...]
Autumn Budget 2024: Leading tech founders slam tax increases October 30, 2024 British tech founders have slammed rises in capital gains tax (CGT) and national insurance contributions (NICs) confirmed by Chancellor Rachel Reeves in Wednesday’s Budget. The government has increased the lower rate of CGT from 10 to 18 per cent, and the higher rate from 20 to 24 per cent. It also hiked employers’ NICs by [...]
Autumn Budget 2024: Reeves commits £5bn for Government housebuilding programme October 30, 2024 Chancellor Rachel Reeves has committed in the Budget to more than £5bn of investment over 2025-2026 to deliver the Government’s ambitious plans on housing next year. In the Budget, Reeves announced a range of measures to support Labour’s target, including skills training, reforms to the planning system and additional assistance for affordable housing. She also [...]
Autumn Budget 2024: Sunak slams Labour for being dishonest with the British public October 30, 2024 Rishi Sunak has slammed the government for "not being straight with the British people", and argued that Labour's Budget is "saddling our children and grandchildren with billions upon billions of debt".
Autumn Budget 2024: Labour abolishes non-dom tax status October 30, 2024 The Labour government has confirmed plans to scrap the non-dom regime despite a last ditch effort from the community and its advisors to warn against the move. As part of the Budget, Rachel Reeves confirmed she would fulfil the promise made in Labour’s manifesto to remove the tax status, in a move that one advisor [...]