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, […]
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 […]
Ministers should grant farmers an inheritance tax holiday to prevent unfair treatment under upcoming tax changes, according to the Institute for Fiscal Studies (IFS). The IFS has warned that the government’s proposed changes to agricultural taxes risk treating some landowners unfairly and could impact food security if not mitigated appropriately. Last month, Chancellor Rachel Reeves […]
Asda has appointed former chief executive Allan Leighton as its new chair, replacing Lord Stuart Rose amid ongoing challenges including an IT overhaul and declining sales. Leighton, who led Asda from 1996 to 2000, is set to steer the UK’s third-largest supermarket chain through a critical period of transformation. Lord Rose, 75, who served as […]
Casinos and bookmakers across Great Britain are set to face a mandatory £100 million annual levy to fund research, education, and treatment of gambling-related harms, under new government proposals expected to be announced imminently. The move aims to replace the current voluntary donation system with a statutory levy, compelling gambling operators to contribute a fixed […]
Annual salaries in the UK have increased at the fastest pace since 2021, driven by a surge in Christmas hiring that is revitalising the job market. According to job search engine Adzuna, the average advertised salary stood at £39,234 in October, marking a 6% increase compared to the same month last year. This is the […]
The Invest in Women Taskforce has achieved a significant milestone by securing over £250 million in funding aimed at supporting female entrepreneurs across the United Kingdom. This historic investment is backed by major financial institutions and organisations, including Barclays, M&G, the British Business Bank, Morgan Stanley, Visa Foundation, BGF, and Aviva. The funds are set […]
Tourists visiting the UK may soon be asked to pay local visitor levies as councils consider introducing overnight stay charges to support services strained by over-tourism. The move follows similar measures in European destinations like Berlin and Barcelona and aims to address the challenges posed by record visitor numbers in popular areas. Nearly half of […]
A growing number of workers are leaving companies imposing rigid office attendance requirements, according to new research. Recruiters report a significant surge in job applications from employees at firms mandating full-time office attendance, with two-thirds of recruiters surveyed noticing this trend. The findings, from a study commissioned by flexible workspace provider IWG, reveal that stricter […]
The UK faces an imminent threat of crippling cyber attacks from Russia, capable of “turning out the lights for millions,” a senior minister will warn at a NATO cyber defence conference in London. Pat McFadden, the Chancellor of the Duchy of Lancaster, is expected to highlight Russia’s readiness to wage cyber warfare targeting critical infrastructure […]