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3 days ago · The Labour manifesto was silent on pension tax relief and allowances. The pensions lifetime allowance (which contrary to the name, is effectively a limit on tax-free pension saving) was scrapped by the Conservatives in April 2023. Keir Starmer had vowed to bring it back, but Labour didn’t include any mention of it in its manifesto.
3 days ago · We look below at Labour's plans in respect of: (1) Financial Services regulation; (2) responsibilities for directors and officers; (3) impact on pensions; and (4) potential audit reform. Financial Services regulation. It would seem that certain areas of the industry are going to be less of a focus for Labour than others.
16 hours ago · The Chancellor said had the UK economy grown at the average rate of OECD economies over the fourteen years from 2010, it would be £143.3 billion larger – worth £5,053 for every household in ...
3 days ago · The annual CGT allowance has already slashed to just £3,000 from April, having been £12,300 in the 2022 to 2023 tax year. Currently, rates for individuals are 10pc and 20pc on most sales. There ...
2 days ago · Investors will be pondering what the future holds with Labour now in power. A delve back into historical data shows that Labour has largely had positive returns when it's in office. The FTSE 250 ...
3 days ago · Crucially, the new government may need to raise money to fulfil spending plans. To that end it may make changes to taxes, allowances, investment schemes and rules that could hit the unwary. It’s a time to be on high alert regarding your personal finances. While it would not be conventional, or indeed practical, for changes to occur midway ...
4 days ago · The 2024-25 financial year is set to be the second-highest for government debt issuance on record at 278 billion pounds ($350 billion) though, and the interest bill on Britain's debt alone was a ...
