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 approximately 500 farmers each year. However, Jeremy Moody, secretary and adviser to the CAAV, […]
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 criticism that they were harmful to certain groups. As part of the changes, Walmart […]
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 Wednesday. The Midlands-based luxury car manufacturer revealed late on Tuesday that it plans to raise […]
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 in 2007, the MSC legislation aims to combat perceived tax abuse by freelancers who […]
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 the global stage. Merger and acquisition (M&A) activity within the sector has surged over […]