Tractor Tax Could Affect Five Times More Farmers Than Government Claims, Expert Warns
Rachel Reeves’s proposed changes to agricultural relief on inheritance tax—dubbed the “tractor tax”—may impact five times more farmers than the government has estimated, according to the Central Association of Agricultural Valuers (CAAV). The Treasury has stated that the changes will affect
Walmart scales back diversity initiatives after pressure from conservative activist
Walmart, the world’s largest retailer, has announced it will no longer consider race and gender policies when awarding supplier contracts after facing pressure from conservative activist Robby Starbuck. The company is rolling back several diversity, equity, and inclusion (DEI) initiatives following
Aston Martin issues profit warning and announces £210m fundraising
Aston Martin Lagonda, the UK’s only listed carmaker, has issued a second profit warning in as many months and announced a £210 million fundraising effort. The company’s shares hit a two-year low, dropping 5.5% to 102p in early trading on
Freelancers warned of hefty tax bills as HMRC issues new guidance on managed service companies
HM Revenue & Customs (HMRC) has released new guidance cautioning freelancers, contractors, and consultants about the risks associated with Managed Service Companies (MSCs)—complex tax arrangements that could leave independent workers facing tax bills running into tens of thousands of pounds. Introduced
UK space sector outpaces economy as M&A activity skyrockets
The UK’s space sector is expanding at a pace surpassing the overall economy, contributing over £17.5 billion annually and employing more than 45,000 people. Supporting £360 billion in economic activity through satellite infrastructure, the industry has become a significant player on