Bank of England rate cut expected despite ‘fiscal loosening’ of …
1 day ago · More info. The Bank of England is expected to cut interest rates this week, despite forecasts that Labour’s autumn Budget could lead to higher inflation over the coming year. Policymakers will announce the result of their November meeting on Thursday, where most analysts think they will trim the base rate by a quarter-point to 4.75%.
M&A top of agenda for financial services firms - Business Insider
1 day ago · More info. More than nine in 10 financial services firms are considering mergers and acquisitions (M&A) as a means of growth. That's according to a new UK survey conducted by accountancy and business advisory firm Johnston Carmichael. More than two in five respondents identified M&A as a major part of their growth strategy, while 52% said they ...
Labour increases capital gains tax in bid to raise £2.5 billion
6 days ago · Labour is increasing capital gains tax (CGT), in a move designed to bring in £2.5bn over the coming years for public spending; but which attracted a mixed response from businesses. Chancellor Rachel Reeves said she will raise the lower rate of CGT to 18%, up from 10%, while the higher rate will increase to 24% from 20% previously.
Barclays completes Tesco Bank acquisition - Business Insider
4 days ago · Tesco is to hand £700m back to shareholders using the proceeds of a now-completed sale of its banking business to Barclays. The supermarket chain said the deal will kick off a 10-year partnership with the bank, where Tesco branding stays on its banking products, while they are supplied by Barclays. Barclays will market and distribute credit ...
A blueprint for growth: what the tech and science sector needs …
Oct 29, 2024 · This week, Chancellor Rachel Reeves’ budget will look to promise a ‘new era for economic growth’ after a turbulent first few months in charge. The £22bn ‘black hole’ is ever present, and gloomy rhetoric about the state of the country’s economy has left both businesses and consumers ...
Inflation in the UK falls below 2% for first time since April 2021 ...
Oct 16, 2024 · Inflation experienced a larger-than-anticipated drop last month, falling below the two per cent target for the first time since April 2021, providing further encouragement for the Bank of England. The Office for National Statistics (ONS) reported that the consumer price index fell to 1.7 per cent in ...
UK economy grew more than first thought at start of year
Jun 28, 2024 · The UK economy’s recovery from recession was stronger than previously thought, according to updated data from the Office for National Statistics (ONS). Revised figures show that UK gross domestic product (GDP) grew by 0.7% between January and March. In May, the statistics body estimated that the economy h ad grown by 0.6% during the quarter.
UK Budget date to be set before summer recess
Jul 8, 2024 · Chancellor Rachel Reeves has said the date for the UK Government’s first budget will be announced before the Commons summer recess and said there would need to be “short-term political pain to fix Britain’s foundations”.
Insider's Top500 Scottish companies list 2022 in full
Feb 25, 2022 · Energy groups overtook financial services firms during the last year, as prices rose and the transition to renewables accelerated. For more analysis of the top 25 companies, please click here, but below is the full list of Scotland's top 500 firms.
Insider's news review of the year: 2022 - Business Insider
Dec 23, 2022 · Rarely out of our headlines was BrewDog chief executive James Watt January. Almost this time last year, the chief executive at Ovo Energy was asked by MPs and unions to explain £40m of loans and cash transfers, after cutting hundreds of Scots jobs.. Stephen Fitzpatrick’s company was given £17m in furlough payments after taking over Perth-based SSE’s retail division in January 2020.