Tech chiefs warn Chancellor not to undermine growth with tax hike September 11, 2024 A sweeping hike in capital gains tax (CGT) risks “undermining the chancellor’s growth agenda” and could suck talent and investment away from Britain’s start-ups, some of the country’s top fintech bosses have warned. Industry bodies and tech chiefs mounted a co-ordinated push to topple the suggestion of a blanket rise in CGT yesterday as they [...]
Reeves is right to squeeze private equity – but a sweeping capital gains hike will hurt the City, says Cavendish chair September 5, 2024 The government is right to launch a raid on the profits made by private equity bosses but a sweeping hike in capital gains and inheritance tax could suck investment out of the City, the chair of investment bank Cavendish has warned. Lisa Gordon, who chairs the London-listed broking group, urged Rachel Reeves to be “more [...]
Reeves: UK pension funds should follow Canadian model to ‘unlock billions’ August 7, 2024 Rachel Reeves wants UK pension funds to “unlock billions” in investment and deliver for British savers by following the Canadian model.
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
Mark Kleinman: Is troubled Burberry heading for a chequered flag? July 25, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly CityAM column. Today, he looks at Burberry’s threads wearing thin, Hammerson’s big Bicester sale and Love Island Is troubled Burberry heading for a chequered flag? Not only a chequered recent past, but on current evidence every [...]
Merge council pension schemes to unlock £40bn investment bonanza, Reeves told July 23, 2024 Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.
Is it time to admit Brussels just isn’t that into us anymore? June 18, 2024 For any Brit, a trip to Brussels should be a straightforward affair: two hours on the Eurostar, and off the train into a city that is perhaps unfairly maligned. Surprisingly cultural, a unique blend of architecture, and – yes – beer, frites, and the European institutions. It is to there that Rachel Reeves, the presumptive [...]
For Labour, these last 24 hours have been years in the making May 29, 2024 She may not have much of a Texan drawl, but Rachel Reeves’ commitment yesterday to no new tax hikes under a Labour government certainly matched the import of George Bush Senior’s commitment more than three decades ago. It is a commitment that we, and much of corporate Britain, will hold her to if Labour does [...]