10 h. ago JCB ‘backs Britain’ with £100m factory investment despite tax and tariff fears

Spending would be going towards modern manufacturing facilities at the company’s main UK factory in Staffordshire.

Economics

58 h. ago Rachel Reeves urged to hike tax on banks’ 'bumper profits' to raise cash

Chancellor Rachel Reeves is being urged to increase tax on banks’ 'bumper profits' to raise investment for Britain's strugglinh hospitals, schools and local councils.

Economics

2 d. ago Scottish hospitality coalition urges chancellor to protect whisky industry

Exclusive: letter to Rachel Reeves from drinks, tourism and farming bodies calls for freeze on spirits duty in budgetA coalition of drinks, tourism and farming bodies has urged the chancellor to protect the Scottish whisky industry from a steeper sales slump and further job losses by freezing spirits duty in her budget next month.The grouping, which includes the Scottish arms of the National Farmers’ Union, the Institute of Directors and UKHospitality, has written to Rachel Reeves to argue that a freeze in duty would be a “strategic investment” that could increase tax revenues. Continue reading...

Politics

9 d. ago The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have very quickly borne out Kristina Georgieva’s claim that ‘uncertainty is the new normal’Trump threatens 100% tariffs as Beijing restricts rare-earth exportsLittle more than 48 hours passed last week between IMF chief Kristalina Georgieva’s warning that “uncertainty is the new normal” and Donald Trump’s latest tariff onslaught – this time aimed at China.Markets plunged on Friday after Trump threatened to levy punitive additional tariffs of 100% on Chinese goods in retaliation for Beijing’s blocks on exports of rare earth minerals. Continue reading...

Economics

1 week ago DWP confirms over 5,000 investigators tackling tax and benefit fraud

DWP is reviewing sample claims of State Pension, PIP and four other benefits for fraud or errors before April.

Economics

1 week 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 Angela Rayner under fire as boyfriend ferried around by taxpayer

Calls for investigation after two close-protection officers said to cost tax payers thousands of pounds a day helped Sam Tarry move bags and boxes

Economics

3 w. ago Budget tax hike fears holding back BILLIONS in investment by small businesses says Barclays

Labour must rule out higher taxes on small firms at the November Budget or risk further damage after a sharp fall in confidence in the British economy, Barclays said on Thursday.

Economics