Rachel Reeves promises to ‘revolutionise’ UK capital markets and boost London listings October 8, 2024 Ministers and regulators have made urgent efforts to inject more life into Britain's capital markets amid a dearth of IPO activity and heavy outflows from UK equity funds.
HS2 will reach Euston, transport secretary signals October 8, 2024 Transport secretary Louise Haigh has given the strongest signal yet that HS2 will reach London’s Euston station, ahead of an announcement she said would be coming soon. The Cabinet minister said an announcement on the project could occur during the Budget on Wednesday, 30 October. Speaking to Times Radio this morning, Haigh said: “We’ve said [...]
‘Challenging policy’: What the pushback to private school VAT plans reveals October 8, 2024 VAT… easy as ABC? It may not quite be Blair’s ‘education, education, education’ mantra, or Michael Gove’s multi-academy trusts. But for Sir Keir ‘my-father-was-a-toolmaker’ Starmer, there’s been one education policy that’s been front and centre of his manifesto and the first 100 days. This is, of course, the plan to impose VAT on private school [...]
Chancellor’s tightrope walk will leave us holding our breath October 8, 2024 By tradition, Chancellors are allowed a stiff drink at the despatch box as they deliver their Budget. Parliamentary records tell us that Gladstone enjoyed sherry and beaten egg while the most recent Chancellor to indulge in this ancient right, Ken Clarke, opted for a straight whiskey. Since then, there’s been nothing but water in the [...]
City Hall: Blow to Sadiq Khan as deputy mayor for policing quits for government job October 7, 2024 City Hall’s deputy mayor for policing and crime has quit her post for a government job in a blow to Sadiq Khan. Sophie Linden is to step down from her £141,386-a-year role to become a senior adviser to justice secretary Shabana Mahmood, the Greater London Authority (GLA) has announced. Linden has been in post since [...]
Teaching unions urge government to delay private school VAT roll out October 7, 2024 Teaching unions have urged the government to delay the roll out of private schools having to pay 20 per cent VAT on fees, amid fears of job losses and a “significant burden” on HMRC. Reports emerged on Sunday that ministers were reevaluating the policy – after the Treasury initially declined to confirm it would take [...]
Budget: Rachel Reeves set to drop pensions tax raid plans, per report October 7, 2024 Rachel Reeves is reportedly set to drop plans for a tax raid on pensions over fears it could unfairly affect public sector workers. The Chancellor has been warned that a scheme to reduce the 40 per cent tax relief on higher earners could disproportionately impact teachers and nurses, the Times reported. Treasury officials told Reeves [...]
The Notebook: How to fix the civil service? Pay the top brass more October 7, 2024 It's in everyone's interest to have the best talent in the civil service. That's why we should pay the top brass more, writes James Chapman.
Starmer set to announce £22bn boost for UK carbon capture October 4, 2024 The UK is set to invest almost £22bn over 25 years in carbon capture and storage schemes, Sir Keir Starmer is to announce ahead of the upcoming international investment summit. Projects in Teesside and Merseyside will benefit from the £21.7bn in funding over 25 years, which the government says will attract £8bn in private investment [...]
Labour capital gains hike would probably cost Treasury money, experts warn October 3, 2024 As the budget approaches, speculation is mounting that Chancellor Rachel Reeves is planning to reform CGT to help fill an alleged £22bn blackhole in the public finances.