By Jessica Clark Updated: 22:35 GMT, 30 October 2024 The Chancellor was yesterday forced to water down a tax raid on private equity bonuses amid fears it would spark a mass exodus from the UK. Rachel Reeves increased the tax on carried interest – the portion of investment returns shared by private equity executives –…
By Gerard Couzens and Perkin Amalaraj Published: 17:11 GMT, 30 October 2024 | Updated: 17:53 GMT, 30 October 2024 Advertisement Advertisement Share or comment on this article: No worries about Labour’s budget here! Brits enjoy beers in the sun in Benidorm – after the holiday resort dodged catastrophic storm that devastated Valencia Source link
By Oliver Price, Data Journalist Published: 14:27 GMT, 30 October 2024 | Updated: 16:46 GMT, 30 October 2024 MailOnline has created an interactive calculator to help you work out what Rachel Reeves’s £40billion tax bomb Budget means for you. Whether it’s a stealth levy in the form of frozen tax bands, changes to your winter…
By Mike Sheen Updated: 15:02 GMT, 30 October 2024 Big day: Chancellor Rachel Reeves is due to deliver her Budget Chancellor Rachel Reeves today finally delivered her highly anticipated tax-and-spend Autumn Budget. She was tasked herself with closing a claimed ‘£22billion black hole’ in the UK’s public finances, fixing public services and reviving economic growth….
The ever-rising popularity of TikTok has seen the founder of its parent company ByteDance, become China‘s richest man as his huge fortune is revealed. According to an annual rich list produced by the Hurun Research Institute, Zhang Yiming is now worth a staggering £38billion – 43 per cent more than in 2023. The 41-year-old, who…
By Live Commentary Updated: 08:55 GMT, 30 October 2024 Chancellor Rachel Reeves will later today announce what is expected to mark the biggest round of tax hikes in 30 years, as well as billions of pounds of extra borrowing. Labour’s bid to fix public services and revitalise the British economy has driven a degree of…
By Jessica Clark Updated: 22:22 GMT, 29 October 2024 BP yesterday posted its lowest quarterly profits since the pandemic as the oil and gas industry braced for a Budget tax raid. The energy giant’s third quarter earnings fell 30 per cent to £1.8billion – the lowest level in four years – amid a slowdown in global…
Pearson revealed its underlying revenues increased by 4% in the third quarter CEO Omar Abbosh: ‘We are accelerating our AI capabilities across the business’ By Harry Wise Updated: 16:20 GMT, 29 October 2024 Pearson has credited its recent investment in artificial intelligence with helping to drive sales growth over the most recent quarter. The educational…
By Taryn Pedler Published: 12:20 GMT, 29 October 2024 | Updated: 14:41 GMT, 29 October 2024 A British fishing boat has been seized by France after a French captain accused UK trawlers of plundering their resources in the latest ‘Scallop War’ flare-up. The Scottish fishing boat, named the Star of Jura, was seized off the…
By Jamie Bullen Published: 09:12 GMT, 29 October 2024 | Updated: 09:18 GMT, 29 October 2024 Advertisement Health Secretary Wes Streeting has today described the NHS as ‘not just on its knees, it’s on its face’ as the Chancellor promises more money to deliver an extra 40,000 hospital appointments every week. Mr Streeting has warned…
