Nearly two-thirds of UK companies are set to scale back hiring plans in response to the Chancellor’s £40bn tax hike, according to new polling by the Confederation of British Industry (CBI). The survey of 266 business leaders found that 62% intend to reduce recruitment, nearly half expect layoffs, and 46% plan to delay employee pay […]
Breadcrumb Trail Links News The financial losses coincide with an escalating work stoppage that is entering its second week Published Nov 22, 2024 • 2 minute read A warming fire burns in a barrel in front of a Canada Post warehouse in facility in Mississauga, Ont. A nationwide strike by postal workers is set to […]
British pension savers are poised to gain from Donald Trump’s election victory, as the former US president’s pro-business stance boosts stock markets, particularly in the United States. Andrew Evans, group chief executive of Smart Pension, a leading UK retirement business, highlighted the positive impact of rising US markets on UK pensions with investments in American […]
Several countries, including Italy, Abu Dhabi, and Cyprus, are actively seeking to attract wealthy individuals from the UK following the government’s decision to abolish the non-domiciled (non-dom) tax status. Events are being held across London to encourage the UK’s estimated 67,000 non-doms—UK residents whose permanent home is outside the country—to relocate in the wake of […]
A recent study by venture capital firm Index Ventures, which surveyed 600 European tech start-ups, reveals that the majority do not believe the adoption of artificial intelligence (AI) tools will lead to job losses. Half of the companies surveyed view investment in AI as an opportunity to hire more staff, while an additional 29% expect […]
Entrepreneurs and family business owners are voicing strong concerns over recent tax increases announced in the Budget, warning the government not to undermine their passion for growth. The criticism centers on measures that they believe will significantly impact their businesses, including increased employer National Insurance contributions, changes to inheritance tax on family-owned assets, and reduced […]
A growing number of individuals over the age of 50 are embarking on second careers in entirely new fields, redefining traditional career trajectories and contributing significantly to the UK’s workforce. This shift comes as many Gen Xers and older millennials seek fresh opportunities amidst a rapidly changing job market. Over the past 30 years, 73% […]
Royal Mail has warned that it faces an additional £120 million in costs due to the upcoming increase in employer National Insurance contributions announced in the recent Budget. The heavily loss-making postal service stated that the rise will disproportionately impact its operations because of its large workforce of around 130,000 employees. The company, which is […]
Nish Kankiwala, chief executive of the John Lewis Partnership, has accused Chancellor Rachel Reeves of implementing a “two-handed” tax grab on retailers, joining a growing backlash against the recent Budget. Kankiwala stated that John Lewis faces increased employment costs and higher business rates following the Budget, which could hinder the retailer’s turnaround efforts. “That seems […]
HM Revenue & Customs (HMRC) has reported a significant increase in tax receipts, providing a much-needed boost to the government following criticism over the recent budget. According to leading audit, tax, and business advisory firm Blick Rothenberg, total tax receipts have grown by £24 billion over the past year compared to the previous 12 months. […]