Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
Chancellor Rachel Reeves’s upcoming Budget risks pushing the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK’s Centre for Policy Studies
Law enforcement missed ‘pivotal moments’ to engage Trump gunman, House panel finds
A lack of planning and coordination led to the “preventable” assassination attempt against former President Donald Trump on July 13, according to an interim report from a House task force investigating the shooting. The panel released a 53-page interim report
South East leads in bank loans to small businesses as other UK regions lag behind
Small businesses in southeast England are benefitting from a strong recovery in bank lending, leaving the rest of the UK trailing behind, according to new research from the British Business Bank. Lending to businesses in the region surged, driving a 21%
Gold tops $2,700 an ounce amid Middle East tensions and falling interest rates
Gold prices surged past the $2,700-per-ounce mark for the first time on Friday, as escalating tensions in the Middle East and ongoing global economic uncertainty drove demand for the precious metal. By Friday evening in New York, gold had risen 0.8%
Hospitality business rates set to quadruple without government intervention in spring
The UK’s hospitality sector is facing a potential £900 million financial blow when business rates relief expires in spring 2024, prompting urgent calls for reform. Industry leaders have warned that without action from Chancellor Rachel Reeves in the upcoming budget, business