TAX Burnham 'plans £38bn tax raid' – Reform The Daily Telegraph Reform UK claims Andy Burnham would raise taxes by £38bn through a range of new levies not mentioned in Labour’s 2024 manifesto. This would bring Labour’s total increase in taxation from around £66bn to...

TAX Tax revenue hit by US exemption Financial Times The Independent Daily Express Daily Mail The I The Times MPs have warned that exempting the United States from a global minimum tax deal could cost the UK £600m annually. The Commons Public Accounts Committee...

REGULATION Griffith: Excessive regulation hinders growth City AM Shadow Business Secretary Andrew Griffith has accused financial regulators of neglecting London's capital markets, saying that this hampers the UK's competitiveness. He pointed to the London Stock...

TAX 50m taxpayers could end up paying 40% rate - OBR Daily Mail The Daily Telegraph Nearly 50m people in the UK could find themselves in the higher tax bracket unless Government spending is controlled, according to the Office for Budget Responsibility (OBR). The...

INVESTMENT Business investment slides City AM Investment by British businesses has dropped to its lowest level since the pandemic, according to the British Chambers of Commerce (BCC), with confidence also slipping in the three months to the end of June. Concerns over...

REGULATION Taskforce targets phoenixism The Times A new Insolvency Service taskforce aims to combat "abusive phoenixism" among rogue directors, with this looking to address tax losses of around £800m. The Chancellor has committed £25m in funding to...

OUTLOOK London businesses brace for economic downturn The Daily Telegraph The I The Times New research from the London Chamber of Commerce reveals that around 60% of businesses in London anticipate a worsening economy over the next year. The survey, which included 500...

OUTLOOK UK business confidence hits rock bottom Daily Mail UK business confidence has fallen to its lowest level in four years, according to the ICAEW Business Confidence Monitor, which reported a score of minus-14.6 for the second quarter. This marks six consecutive...

TAX Labour tax rumours could threaten the economy again The Daily Telegraph Daily Express Andy Burnham, the leading candidate for Labour Party leader, has demonstrated ambition to replace council tax with a Land Value Tax (LVT) – a change that could significantly...

GOVERNMENT Burnham vows to 'rewire Britain' in first major policy speech Financial Times The Daily Telegraph The Guardian Andy Burnham has promised to devolve more power from Whitehall to the regions in a speech laying out his plans for the country. The prospective...