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News
JPMorgan Chase boss meets Burnham and Healey to warn against bank tax rise
4+ day, 8+ hour ago (254+ words) JPMorgan Chase chief executive Jamie Dimon has reportedly warned Prime Minister Andy Burnham and Chancellor John Healey, against raising taxes on banks in his inaugural budget in October following an in person meeting. The Wall Street boss is understood to…...
AJ Bell calls for pension tax certainty in Budget submission
5+ day, 6+ hour ago (549+ words) AJ Bell has called on Chancellor John Healey to commit to pension tax stability to avoid another round of damaging speculation about tax-free cash ahead of the October Budget. The firm shared its Budget submission to the Treasury today, highlighting…...
Chancellor John Healey refuses to rule out further tax rises
1+ week, 5+ hour ago (459+ words) Chancellor of the Exchequer John Healey Chancellor John Healey has claimed growth is at the “heart of fiscal challenges” facing the UK, as he refused to rule out tax rises ahead of his maiden Budget next month. The Chancellor ignored…...
John Swinney pleadges to advance £1.5 billion bonds to attract private investment
1+ week, 5+ day ago (441+ words) First Minister John Swinney John Swinney has promised to advance the Scottish Government’s £1.5 billion bond plans, nicknamed ‘kilts’, to help attract new investment into Scotland, as he unveiled his programme for government. The First Minister pledged to “deliver the investment…...
deVere group boss warns Budget bank tax raid would benefit rivals
1+ week, 6+ day ago (412+ words) John Healey and Andy Burnham have been urged not to introduce a new bank levy A Budget tax raid on British banks would hand a competitive gift straight to rival global financial centres, according to the chief executive of one…...
Chancellor John Healey weighs windfall tax on banks and oil firms
2+ week, 7+ hour ago (277+ words) Treasury officials have presented Chancellor John Healey with a plan to tax oil firms and banks to help rebuild his £22.7bn fiscal buffer, according to reports. Officials believe that a new windfall tax on banks and a further increase on oil…...
Trade minister Anas Sarwar vows to back Scotland’s financial services sector after Edinburgh meeting
2+ week, 5+ day ago (194+ words) Scottish Financial News Trade minister Anas Sarwar vows to back Scotland’s financial services sector after Edinburgh meeting Anas Sarwar met with BlackRock and other financial leaders in Edinburgh Anas Sarwar has pledged his commitment to Scotland’s financial services sector following…...
Investors warn Chancellor John Healey over deficit cuts as gilt yields spike
3+ week, 3+ day ago (145+ words) Chancellor John Healey and Andy Burnham Investors and analysts have warned Chancellor John Healey not to give up on the government’s efforts to reduce the UK’s fiscal deficit in his first Budget, following a spike in government bond yields in…...
AJ Bell’s Gilt MPS passes £100m as advisers seek tax-efficient cash alternatives
3+ week, 4+ day ago (215+ words) Ryan Hughes, AJ Bell Investments managing director AJ Bell Investments’ Gilt MPS range has surpassed £100m of customer assets, highlighting growing adviser demand for short-dated government bonds as a tax-efficient alternative to cash. The Gilt MPS was launched last April to…...
FRP advisory warns mid-market decision delays cost UK economy £13.7bn annually
3+ week, 6+ day ago (267+ words) Michelle Elliot, a restructuring advisory partner at FRP Advisory FRP Advisory has called on businesses to address difficult decisions now, warning that slow decision-making is costing the UK economy £13.7bn annually. Michelle Elliot, a restructuring advisory partner at FRP, explained that…...