Category: News

Top 1% of UK earners paid 33% of income and CGT in 2023/24, fueling debate over tax strategy as non-dom abolition prompts high-net-worth departures.

Ed Miliband hints VAT on energy bills could be cut in November’s Budget as the government faces mounting pressure to act on the cost-of-living crisis.

EY reports a three-year high in profit warnings citing weak consumer confidence, as uncertainty spreads from businesses to households ahead of November’s Budget.

George Osborne says Reform UK “cannot be trusted” on the economy and urges Kemi Badenoch to win back voters by doubling down on fiscal credibility.

The UK government plans to create 400,000 green energy jobs by 2030, with major investment in skills training for trades, veterans, and workers transitioning from fossil fuels.

Sir David Attenborough has become the oldest-ever Daytime Emmy winner at 99, honoured for Netflix’s Secret Lives of Orangutans. The legendary naturalist beat Martha Stewart and Anthony Mackie and now holds awards across every era of modern television.

A new report suggests 1,800 wealthy non-doms have left Britain since Rachel Reeves scrapped the tax regime in April — 50 per cent more than forecast — raising questions over whether her flagship plan to raise £34 billion will meet its target.

Betfred has warned that proposed gambling tax rises could force the closure of all 1,300 of its UK betting shops, threatening 7,000 jobs. The company says the move would drive customers to illegal sites and devastate the high-street gaming industry.

Bank of England governor Andrew Bailey has said Brexit’s economic impact will be “negative for the foreseeable future,” though the UK economy will gradually adapt. His remarks echo warnings from chancellor Rachel Reeves ahead of next month’s budget.

Veteran investor Ron Conway has quit the Salesforce Foundation board in protest at CEO Marc Benioff’s public backing of President Trump and demand for National Guard deployment in San Francisco, exposing a rare public fracture in tech-sector philanthropy and governance.

More than 400 companies have received awards under the UK government’s Fair Payment Code, recognising firms that pay suppliers quickly and transparently. The initiative aims to tackle the country’s £11bn late-payment problem and promote a positive payment culture.

Britain has imposed 90 new sanctions targeting Russian oil exports, shadow tankers, and refineries in India and China. Chancellor Rachel Reeves said the measures will “cut off Putin’s war funding” ahead of G7 talks in Washington.

Washington has accused Beijing of betraying a trade truce after China tightened export curbs on rare earth materials. US officials called the move “economic coercion” and warned of new tariffs, heightening fears of a renewed trade war.

India’s exports to the US have fallen 40% in four months as Trump’s 50% tariffs take effect, hitting textiles, jewellery and engineering goods. Talks are under way to ease tensions and rescue a trading relationship worth $190bn.