Reeves to strike positive tone in Party Conference speech September 23, 2024 Rachel Reeves is set to promise a Budget that will “rebuild Britain” in a speech at the Labour Party Conference that will claim that the “work of change has only just begun”. In a notably more optimistic tone than Labour has adopted in recent weeks, the Chancellor will vow to deliver a “Britain of opportunity, [...]
Cut beer duty by five per cent to create 12,000 jobs, pubs urge Chancellor September 18, 2024 Cutting beer duty by five per cent could create up to 12,000 jobs, a beer and pub association has urged the Chancellor ahead of next month’s Budget. The brewery and hospitality industries are urging the government to continue supporting them to invest and maintain the 1,040,000 jobs across the sector. Jobs could be at risk [...]
Haldane is right – the Chancellor’s doom-mongering is dangerous September 18, 2024 The stories we tell ourselves matter in economics, writes Paul Ormerod
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says September 16, 2024 "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.
Calls grow for Reeves to shield employees’ shares from capital gains tax hike September 12, 2024 Calls are growing for the government to carve out an allowance on capital gains tax for employee share schemes amid fears a sweeping hike could gut the UK of talent and hammer smaller companies’ ability to retain staff.
Goldman Sachs expects tax hikes of ‘at least’ £20bn in Reeves budget September 10, 2024 Many potential tax reforms have faced criticism for their potential unintended consequences.
Ditch ‘short-sighted’ share tax and lean on City to back National Wealth Fund, Reeves told September 9, 2024 The Chancellor should axe the “short-sighted” tax on share trading and “sponsor” a set of listed investment vehicles in order to unlock funding for the government’s investment plans, a body of investors has said today. In a call to the chancellor, the Association of Investment Companies (AIC), which represents listed investment trusts in the UK, [...]
Pension tax relief: Reeves warned of ‘backlash’ – but offers up roadmap for firms September 3, 2024 Chancellor Rachel Reeves has declined to rule out increasing taxes on pensions in the upcoming Budget, sparking fresh warnings over “anti-growth” policies. Speaking in the Commons on Tuesday, Reeves refused to “speculate about what will be in the Budget” when asked to give savers “peace of mind” over rumoured annuity levies. Despite failing to give [...]
Could Reeves hit the UK with the most punishing capital gains tax in Europe? August 30, 2024 Rachel Reeves could be about the make Britain the most bruising place in Europe for capital gains tax, according to CityAM analysis.
CBI: Roadmap needed as firms struggle amid rising wealth tax rumours August 29, 2024 Publishing a long-term tax roadmap would address the “confidence shortfall” among UK firms, the Confederation for British Industry (CBI) has urged the government, amid swirling rumours of a wealth tax. Businesses are facing “cost pressures” and “middling conditions” and in need of a “major boost to confidence”, the CBI has said, following hints from Sir [...]