2 h. ago Ferrari cuts the number of cars it sells in Britain as wealthy customers flee Rachel Reeves' tax raids

Ferrari began to 'significantly limit' the number of cars it was sending to Britain around six months ago to stem a decline in the value of second-hand models.

Economics

7 h. ago Ferrari cuts number of cars it sends to UK after tax changes

Non-dom regime was abolished in April and carmaker says ‘some people are getting out of that country’Ferrari has cut the number of cars it sells in the UK as wealthy individuals relocate overseas after tax changes and the abolition of non-dom status.The Italian luxury carmaker reportedly began limiting the number of vehicles it exported to the UK about six months ago, in an attempt to stop a decline in their residual value. Continue reading...

Politics

8 d. ago High tax fears ahead of Budget sends business confidence to lowest level in three years

HIGH tax fears ahead of next month’s Budget have sent business confidence to its lowest level in three years, a survey shows.  Company bosses fear a Groundhog Day experience as concerns grow they will bear the brunt of another slew of punishing taxes.  Optimism levels appear to be in freefall as tax concerns hit profits growth, recruitment and investment plans.  Businesses have now...

Economics

2 w. ago HMRC urges people to check if they’re owed £473 and says 'find out how'

HMRC previously revealed that it expected to send around four million P800 tax refund letters between June and August - and has now issued a new reminder

Economics

3 w. ago Brits brace for cost of living crisis 2.0: Fears 5% inflation and tax hikes in autumn Budget will send food bills skyrocketing this winter

Millions of families face further rises in food prices if Chancellor Rachel Reeves presses ahead with plans to hit big shops with higher business rates, industry experts warned today.

Economics

3 w. ago Chancellor Rachel Reeves warned her tax hikes risk sending UK economy into a 'doom loop'

In a bleak report ahead of the Budget in November, the Office for National Statistics revealed the Government borrowed £18billion last month alone as it spent more on the state than it raised in tax.

Events