London Stock Exchange chief takes aim at ‘pernicious’ stamp duty on shares May 20, 2024 The boss of the London Stock Exchange described the effect of a stamp duty on shares as “pernicious” today as she claimed the gloomy “public narrative” surrounding the City was beginning to lift.
Another one? American firm plots London Stock Exchange listing amid signs of revival May 16, 2024 Another firm is reportedly gearing up to float on the London Stock Exchange in the coming weeks as the City begins to show signs of a revival following a barren period for the market.
Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts May 15, 2024 Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".
Government rejects bid to ban NDAs in all harassment cases after sexism in the City probe May 14, 2024 The government has refused a recommendation from an influential group of MPs to ban the use of non-disclosure agreements (NDAs) in all harassment cases, following its probe into sexism in the financial services sector.
Treasury finalising plans for Natwest share sale to accelerate privatisation May 13, 2024 The Treasury is poised to unveil a multibillion-pound sale of a chunk of its remaining stake in Natwest in the coming weeks in a bid to accelerate its privatisation process and boost retail investment in the UK.
Recession over as UK GDP grows faster than expected in first quarter May 10, 2024 Economists think the UK will grow 0.4 per cent this year, although the Office for Budget Responsibility (OBR) expects a 0.8 per cent expansion.
‘Anaemic’ UK growth means Hunt will fail to meet fiscal rules, think tank warns May 9, 2024 The UK will suffer from "anaemic" growth for the foreseeable future meaning the government will fail to meet its fiscal rules, new forecasts suggest.
Regulator rejected parliament’s pleas to extend ‘name and shame’ consultation May 8, 2024 The boss of the Financial Conduct Authority rejected a direct request from the house of Lords to extend a consultation on its controversial ‘name and shame’ plans, it has emerged.
Investment trust body calls for Treasury to fix unnecessary rules costing billions May 8, 2024 The rules around investment trust disclosures are costing the economy billions in lost investment.
HS2 ‘will finish at Euston’ – but it’ll cost taxpayers another billion May 8, 2024 Taxpayer cash will be used to fund a 4.5 mile tunnel linking HS2 to its Euston terminus, breaking a prior government pledge to use private sector money.