Aviva and Aberdeen chiefs urge John Healey to stop budget leaks after pension tax speculation led savers to withdraw cash before the last two budgets.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Harrods returns to £84.9m profit after Al Fayed compensation payouts
Harrods profit rebounded to £84.9m in the year to January, its latest accounts show, after Al Fayed compensation payouts drove last year’s £34m loss.
NatWest offers farmers repayment holidays as drought hits yields
NatWest is stepping up drought support for farmers, offering repayment holidays and emergency lending as dry conditions hit yields and farm cashflow.
Analysts expect gilt yields to fall before 28 October budget
Gilt yields are forecast to fall before the 28 October budget, analysts say, as investors weigh UK bonds against volatile US and Japanese debt markets.
Raleigh owner Accell Group enters insolvency proceedings
Accell Group, the Dutch owner of Raleigh bikes, has entered insolvency proceedings, with its UK and Ireland arm moving to appoint administrators.
Citigroup chief ‘worried’ by 48% UK bank tax rate
Citigroup chief Jane Fraser warns that UK bank taxes of about 48 per cent, against 27 per cent in New York, could jeopardise investment in London.
Healey draws up plans to borrow extra £9bn a year for asset stakes
John Healey’s £9bn borrowing plan would fund stakes in infrastructure, housing and business through mayors, with analysts weighing the market impact.
Job creation to replace net zero in £90bn public contract scoring
Public procurement changes will score bidders on jobs and skills rather than net zero from January 2027, as ministers double the social value weighting.
More than 120 MPs and peers call for urgent student loan review
Student loan repayment rules face fresh scrutiny as more than 120 MPs and peers urge Chancellor John Healey to order an urgent review of the system.
Non-dom tax take rose 9% to £13.6bn as numbers fell, HMRC says
New HMRC figures show non-dom tax and NICs liabilities rose to £13.6bn in the final year of the regime, even as the number of claimants fell by 1,200.
EY: UK faces recession in 2027 if Strait of Hormuz stays shut
UK recession risk returns to the forecasts as EY models what a closed Strait of Hormuz would do to inflation, growth and interest rates into 2027.
Blick Rothenberg: US tariffs make UK more appealing to Japanese firms
US tariffs on Japan, set at 12.5%, may make the UK a more attractive investment base, says Blick Rothenberg, as Japan’s June exports rose 19.3 per cent.
Searches for ‘VAT definition’ leap 23% as filing deadline looms
VAT confusion is rising ahead of the 7 August filing deadline, with searches up 23% and half of owners unsure of key terms.
HMRC moves to scrap separate EMI notifications in red tape win
HMRC’s draft Finance Bill scraps separate EMI grant notifications from April 2027, folding them into the annual return. What SME employers need to know.
Families told to hold their nerve as inherited property tax fears swirl
Capital gains tax on inherited property could rise if the ‘uplift on death’ is scrapped. Experts explain why panic selling now could prove costly.
