In a major shift affecting family-owned businesses, the Chancellor has announced that Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family firms to inheritance tax for the first time in decades. While previously exempt, business assets will now incur an effective 20% tax when passed to the next […]
Aston Martin Lagonda, Britain’s only carmaker listed on the London Stock Exchange, is grappling with substantial financial setbacks, missing all 2024 targets as production cuts, supply chain issues, and a steep drop in Chinese demand impact performance. The luxury automaker, led by new CEO Adrian Hallmark, is burning through cash at over £1 million a […]
Amid ongoing uncertainty around electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrids (PHEVs) has surged. Jaguar Land Rover (JLR), the West Midlands-based, Indian-owned automotive group, has reported a 29% increase in global sales of its PHEV models for the first half of its financial year, ending in September. This […]
In her debut Budget, Chancellor Rachel Reeves has introduced £40bn in tax hikes, largely focused on increasing employer National Insurance Contributions (NICs) and implementing a temporary repatriation facility for non-domiciled individuals. According to Nimesh Shah, CEO of Blick Rothenberg, while pre-Budget rumours had suggested sweeping tax changes, the actual announcements were more focused, though still […]
Wealthy individuals threatening to leave the UK to avoid expected tax increases should “f— off,” according to Dale Vince, green energy tycoon and major Labour donor. Vince, who has donated £5 million to Labour, dismissed as “profoundly stupid” the idea that higher taxes could harm UK entrepreneurship, asserting that those solely interested in low taxes […]
Data centre investment in the UK is being stymied by delays in securing electricity supply, according to David Sleath, CEO of Segro, one of the country’s largest commercial property developers. Speaking on Times Radio, Sleath expressed his frustration at the long wait times for grid connections, which can stretch to several years, preventing Segro from […]
Half of the UK’s business owners have indicated they would hire more staff if the Chancellor increases Entrepreneur’s Relief in the upcoming Autumn Budget, according to new research by Helm, Britain’s largest founder network. In a recent poll of 400 business owners at Helm, 50% stated they would expand their workforce under a more generous […]
The UK economy has been mired in low growth for years, a problem exacerbated since the 2008 global financial crisis. Despite a few short-term recoveries, average annual growth has been consistently weak, leading to stagnating living standards. A striking indicator of this trend is that real wages in the UK are barely higher than they […]
Introduced to tackle growing concerns over the safety of internet users – particularly children and vulnerable groups, the Online Safety Act (OSA) marks a significant shift in the regulatory landscape for businesses operating online platforms in the UK. Passed in October 2023 and progressively being enforced, it has introduced a wide range of new obligations, […]
Some of Britain’s largest retailers are facing the prospect of paying millions in damages due to a wave of equal pay lawsuits, many of which are backed by contentious litigation funding arrangements. Last month saw the latest development in a long-standing legal case against Asda, where tens of thousands of employees are suing the supermarket. […]