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Surge in Loan Enquiries for Private School Fees Amid Potential Labour Tax Reforms
The number of enquiries for loans to help pay private school fees has surged by a quarter, according to School Fee Plan. The company, which assists parents by paying school fees upfront and allowing repayments in monthly instalments, has seen a significant rise in interest compared to the same periodContinue Reading
David Davis Criticises Extradition Treaty Following Mike Lynch Acquittal
Sir David Davis, former chairman of the Conservative Party, has sharply criticised the UK’s extradition treaty with the United States following the acquittal of British technology entrepreneur Mike Lynch. Lynch was cleared of charges related to inflating the value of his company, Autonomy, in its sale to Hewlett-Packard (HP). DavisContinue Reading
Labour to Tackle Private Equity Tax Loophole in Election Manifesto
Labour is set to announce measures to close a significant tax loophole that currently allows thousands of private equity investors to avoid paying income tax. This initiative will be a key feature in the party’s general election manifesto, which is expected to be unveiled this week. Currently, profits made fromContinue Reading
Labour to Make Mortgage Guarantee Scheme Permanent for First-Time Buyers
Labour has announced plans to permanently extend the mortgage guarantee scheme, initially introduced by the Conservatives in 2021 under then-Chancellor Rishi Sunak, if they win the upcoming general election. This scheme, designed to support low-deposit mortgages for first-time buyers, was recently extended until July next year by current Chancellor JeremyContinue Reading
Rachel Reeves Faces Pressure to Raise Capital Gains Tax to Fund Public Services
Rachel Reeves, Labour’s Shadow Chancellor, is under mounting pressure from her colleagues to consider raising capital gains tax (CGT) as part of an ambitious autumn budget designed to fund public services. With increases in income tax, national insurance, and VAT off the table, Reeves is exploring alternative revenue-raising measures. LabourContinue Reading
UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
Businesses in the UK are planning to moderate both wage and price increases over the coming year, potentially paving the way for a reduction in interest rates this summer. This trend was highlighted in the Bank of England’s latest decision-maker panel survey. According to the survey, companies intend to raiseContinue Reading
Britain Urged to Triple Offshore Wind Farm Construction Pace
Britain must accelerate the construction of offshore wind farms threefold to meet its crucial decarbonisation targets, according to a leading think tank, the Institute for Public Policy Research (IPPR). The government has set an ambitious goal of achieving 50 gigawatts (GW) of offshore wind capacity by the end of thisContinue Reading
Ronnie O’Sullivan sets new retirement deadline as fresh snooker quit threat made
O’Sullivan confirmed that Peters would be at the Crucible for the World Championships to help the Rocket, who does not want to retire from snooker. The 48-year-old enjoys the lifestyle and travel that comes with being a professional sportsman, but insisted that another year of similar performances would be enoughContinue Reading
Mercedes may sign Sainz but axe him after 12 months in Toto Wolff masterplan
Mercedes are reportedly in talks with Carlos Sainz over a one-plus-one-year contract in a deal that could allow Toto Wolff to part ways with the Spanish racer after just 12 months with the team. This move would keep the Silver Arrows competitive in 2025 with Sainz joining forces with GeorgeContinue Reading
F1 LIVE as Ferrari warn Lewis Hamilton and Brundle shuts down Verstappen
Fernando Alonso has admitted he spoke to multiple rival F1 teams before signing a new contract to stay at Aston Martin. The Spanish veteran, a two-time world champion, had been tipped to join Red Bull and Mercedes but will see through 2025 and 2026 in an Aston instead. Yet heContinue Reading