TAX IFS: Income tax hike would help plug Budget gap The Independent The Institute for Fiscal Studies (IFS) has warned that Chancellor Rachel Reeves may have to increase income tax or cut public spending to balance the Budget, suggesting that raising several smaller...

OUTLOOK Tax changes could cost 120,000 jobs The Daily Telegraph Daily Mail Retail and hospitality leaders have warned that Rachel Reeves’s proposed £1.7bn business rates overhaul could put 120,000 high street jobs at risk. The British Retail Consortium and UK...

OUTLOOK Start-ups warn of tax threat Sky News The Startup Coalition has warned Chancellor Rachel Reeves that imposing employers' National Insurance contributions on venture capital funds could jeopardise fund launches in the UK. Dom Hallas, executive director of the...

OUTLOOK UK dividends drop amid economic woes City AM UK dividends fell to £24.6bn in Q3, a 1.4% decrease from £25.6bn last year, according to Computershare's latest dividend monitor. Mark Cleland, CEO of Issuer Services in the UK at Computershare, attributed the...

OUTLOOK SME optimism falters amid rising costs City AM Small business optimism in the UK is declining due to persistent inflation, labour shortages, and rising borrowing costs. The National Federation of Independent Businesses (NFIB) reported a two-point drop in the...

OUTLOOK Bailey raises alarm over private credit market BBC News City AM The recent bankruptcies of First Brands and Tricolor have raised concerns about the stability of the private credit market, according to Andrew Bailey, Governor of the Bank of England. He told the...

TAX Top 1% pay a third of UK taxes The Times The top 1% of UK taxpayers contributed approximately £93.8bn in income and capital gains tax (CGT) for the 2023/24 tax year, accounting for 33% of total tax revenue, according to HMRC. The top 100,000 taxpayers alone paid...

OUTLOOK Profit warnings surge amid turmoil Daily Mail The Independent UK The Times Nearly 65 UK-listed companies issued profit warnings in the third quarter, according to a report by EY. Of these, 47% attributed their lower-than-expected profits to "policy change and...

OUTLOOK Small firms flag Budget fears Daily Express Eight in ten small businesses are worried about the upcoming Budget, according to Novuna Business Finance, with firms concerned that measures set out by the Chancellor could further hurt their business. The survey...

OUTLOOK Chancellor looking at tax hikes and spending cuts Sky News BBC News City AM Daily Mail The Guardian The Independent The Times Rachel Reeves has confirmed that tax rises and spending cuts are on the table as the Budget approaches, with the Chancellor looking to...