Rachel Reeves is under pressure to reform inheritance and capital gains taxes, with proposals to raise up to £2.6 billion annually, easing the tax burden on working families while closing key loopholes in inherited assets.
Category: In Business
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Lobby group urges Rachel Reeves to rethink non-dom tax hike to prevent exodus of wealthy residents
Foreign Investors for Britain is urging Chancellor Rachel Reeves to scale back non-dom tax plans, warning they could drive the wealthy out of the UK and reduce tax revenues.
Business owners speed up plans to sell amid fears of tax rises in upcoming budget
Concerns over potential tax increases in the upcoming budget have led nearly 30% of UK business owners to accelerate plans to sell their companies, survey reveals.
eBay to ban private e-bike sales over fire safety concerns
eBay is banning private e-bike sales in the UK from 31 October due to fire safety risks, allowing only business sellers to list the bikes and batteries.
Private Christian Schools to sue government over VAT plans
Three Christian schools and parents are preparing a legal challenge against the government’s VAT on school fees, citing human rights violations and discrimination.
10,000 fewer children in private schools ahead of Labour’s VAT policy, warns sector
The number of pupils in UK private schools has dropped by 10,000 ahead of VAT on fees, with the Independent Schools Council warning of potential closures and a High Court challenge.
Report backing Labour’s private school VAT policy written by minister’s close friend
Labour’s plan to impose VAT on private schools faces scrutiny after it was revealed that the author of a key report is a close friend of a government minister involved in implementing the tax.
Britain faces largest exodus of millionaires globally amid tax crackdown
Britain is set to see the world’s largest exodus of millionaires, driven by high taxes, changes to non-dom rules, and a “hostile culture for wealth creators,” according to a new report.
Tripmates launches to simplify group trip planning and reduce financial pressure on attendees
TripMates.co.uk helps plan group trips by anonymously gathering budget preferences, avoiding financial stress, and preventing attendees from going into unwanted debt.
UK risks losing AI leadership without a national data strategy, experts warn
The UK needs a comprehensive data centre strategy to meet AI-driven demand or risk falling behind in the global race for artificial intelligence leadership, industry experts warn.
Fears of Capital Gains Tax rise pushing UK farmers to exit industry, warns expert
Up to 10% of UK farmers could leave the industry amid fears of increased Capital Gains Tax and reduced subsidies, placing the future of British agriculture at risk.
Unions condemn ‘witch hunt’ against flexible working as rayner prepares employment law overhaul
Unions and campaign groups denounce the backlash against flexible working reforms, as Angela Rayner prepares to introduce new employment laws that empower workers to choose when and where they work.
American Express pledges £100,000 in grants to support small businesses through champion small initiative
American Express launches a £100,000 grant programme as part of its Shop Small campaign, offering 10 small businesses £10,000 each to help with growth and innovation.
Southeastern trains subsidy rises to £415m, more than tripling since pre-covid era despite fare increases
Southeastern trains received £415 million in government subsidies last year, more than three times its pre-Covid funding, despite fare hikes and increasing passenger numbers.
West Ham chairman blames government tax crackdown for super-rich exodus ahead of budget
West Ham chairman David Sullivan claims the Government’s crackdown on non-doms is driving the super-rich out of Britain, forcing him to sell his £65m London mansion at a loss.
