Inheritance tax hits new record of £7.5bn as debate over reform swirls April 23, 2024 Like many other taxes, the government has frozen the thresholds at which inheritance tax applies, meaning more estates have been pulled into its orbit as asset prices have increased.
Government borrowing ahead of expectations in blow for hopes of tax cuts April 23, 2024 Jeremy Hunt has said the Conservatives will cut taxes again in the autumn "if we can", with some reports suggesting he's considering another 2p cut to National Insurance.
The IMF says the UK is primed to benefit from AI – the next government must not waste this opportunity April 23, 2024 The UK economy is uniquely positioned to benefit from the roll out of artificial intelligence. Politicians on all sides should be championing policies that help secure these benefits as soon as possible, Chris Dorrell writes
Peers call on regulator to halt ‘name and shame’ plans as City fury grows April 22, 2024 An influential group of peers has called on the Financial Conduct Authority (FCA) to halt plans to ‘name and shame’ the firms it is investigating as fury over the proposals grows in the City.
Thames Water’s new business plan could see bills rise by over 40 per cent by 2030 April 22, 2024 Already in the hole for around £18bn, today's update brings the company's expected total cost for its 2025-2030 plans to £19.8bn
Here’s how all the MPs running the London marathon did April 21, 2024 Running a slightly different type of race, a record number of UK MPs and peers entered the London marathon this year.
Tories weighing stamp duty change in Autumn statement April 20, 2024 The Chancellor is reported to be considering cutting stamp duty in a final autumn statement before the next general election.
National Grid set to profit from Hunt’s full-expensing tax relief scheme April 18, 2024 The National Grid has said that it expects to report higher earnings in its full-year results on 23 May, due to new reporting methodology.
IMF warns Britain must address ‘fundamental’ fiscal imbalances April 17, 2024 By 2029, global debt is projected to be roughly equal to global output.
New data: UK tax take rising faster than any other rich country April 17, 2024 Although the UK started the century with tax revenue making up a much lower proportion of national income than other advanced economies, the tax burden has rapidly climbed since the pandemic.