Harry Potter Star Fined
Harry Potter star Rupert Grint, best known for his iconic role as Ron Weasley, faces a hefty tax bill exceeding £1.8 million following a legal defeat against HM Revenue and Customs (HMRC). The ruling brings an end to a ...
Wage Increases, Price Pressures
British businesses are voicing concerns over tax increases in Chancellor Rachel Reeves' latest Budget, which includes sharp rises in the National Living Wage and emplo...
National Insurance Squeeze
Chancellor Rachel Reeves appears set to raise taxes on up to 700,000 freelance workers through an increase in employers' National Insurance (NI), a move that could strain Labour...
Tax Hikes or Cuts Loom
Families across the UK may soon face up to £40 billion in tax hikes or severe spending cuts over the next decade, according to a warning from the Office for Budget Responsibility (OBR).
Prime Minister Sir Keir Starmer&n...
Reform UK’s Bold Plan
Reform UK’s push to install Nigel Farage in Downing Street by 2029 has led the party to abandon its “contract with the people” just two months after the general election, says new chairman Zia Yusuf.
Fa...
Inheritance Tax Overhaul
Anticipated inheritance tax changes by the Labour party have led to a surge in families distributing wealth. Chancellor Rachel Reeves’ mention of a £22bn fun...
Labour's £5bn Tax Recovery Plan
The Chancellor may give HMRC more power to monitor savers, investors, and freelancers for underpaid taxes. Rachel Reeves, with an expert panel, is exploring ways to improve HMRC’s efficiency.
One proposal...
HS2 Fate Hangs in the Balance
Chancellor Jeremy Hunt has unveiled his strategy to streamline the civil service, aiming to save £1 billion annually and potentially reduce taxes. Although significant tax cuts are not expected ...
Taxpayer Fury
In a surprising turn of events, the Scottish National Party (SNP) is facing increased scrutiny for its expenditure of nearly £80,000 in taxpayer funds on publishing documents related to independence. This has sparked a heated deb...
Inflation Alert
Gillian Keegan, a Cabinet minister, highlights the significance of addressing inflation before implementing tax cuts. Speaking at the Margaret Thatcher Conference, she emphasizes the need for sound money and fisca...
Brexit's Impact
Germany experiences surge in foreign investment from British companies post-Brexit, reaching record FDI level of £22bn, up from £6bn in the previous year.
Growth of Foreign In...
Revitalizing London's high street
London's high street is on "life support," according to Stuart Machin, CEO of Marks and Spencer, as the company pledges £12.5 million of investment to revitalize the city's retail landscape. The historic retai...
Internet businessmen and tax
Revenue and Customs (HMRC) will send 4,300 notices to internet earners in the kingdom whom it suspects of not paying taxes. This was reported by the Financial Times.
The authority said such letters will be sent to peopl...
Labour force in the UK
Early retirement and an ageing population are among the main drivers of labour shortages in the United Kingdom. This was the conclusion reached by the authors of a report published on Tuesday by the House of Lords Economic Aff...
UK tax rate
The government of new British Prime Minister Liz Truss has abandoned plans to cut the kingdom's maximum income tax rate from 45% to 40%. The announcement was made on Monday by the country's finance minister,...
Taxes in UK
The government of Liz Truss, who took over as prime minister of Great Britain on 6 September, is cutting taxes in the kingdom in order to stimulate economic growth. It was announced Friday morning in the House of Commons of the British P...
Companies rating
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