The Labour government could face fresh trouble just days into the new administration amid concerns electric vehicle sales targets are being missed. Keir Starmer’s party won a landslide victory last week, taking 412 seats in the House of Commons, forcing Rishi Sunak to resign as prime minister, while the Conservatives lost 251 seats in parliament. … Read more
Protecting pensions: what tax changes could come under the new government? In tax year 23/24 I contributed approximately £100,000 to my pension, taking advantage of the abolition of the lifetime exemption and using unused exemptions from previous years. I want to withdraw my pension now to avoid possible tax changes or anti-forestalling legislation from a … Read more
Britons are bracing for a number of major legislative changes in the coming years, following Labour’s landslide victory in this week’s general election. Keir Starmer dominated the vote, winning 412 seats in a stunning election campaign that saw the Conservatives lose 250 seats and Rishi Sunak ousted as prime minister. With Labour set to take … Read more
Investors may hope for the best, but fear the worst Fear that Labour will revert to old tax and spending patterns But you can take advantage of the opportunities of this new climate After the election, investors may hope for the best but fear the worst. For example, the new government has indicated that it … Read more
The Labour Party wins the UK general election, securing an overwhelming majority. Analysts see positive implications for UK assets and economy. ADVERTISEMENT The Labour Party has won a landslide victory in the 2024 general election, resulting in a dramatic change in the UK’s political landscape. The party has won 410 seats, a significant increase of … Read more
From fuel tax hikes to fixing millions of potholes and accelerating the petrol ban Our guide to how a Labour government will affect motorists and their money We have a new Labour government and motorists want to know what this means for the future of car ownership and driving costs. What can motorists who take … Read more
The Labour Party was widely expected to win a large majority and traders had already priced this in. This led to a muted reaction for the pound. Friday, July 5, 2024 07:07, UK The pound held steady against the US dollar after an exit poll showed the Labour Party on course for a landslide victory. … Read more
The UK’s largest trade union and financial backer of Labor staged a protest on Thursday and published an open letter calling for a reconsideration of the ban on oil and gas extraction. The letter was signed by almost 200 local businesses from Scottish towns that rely on the oil and gas industry. By means of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. The Labor Party has secured a new letter of support from business leaders, this time backing its plans to overhaul the ‘apprenticeship levy’ if it wins the UK general election next week. The 57 signatories … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The UK private equity sector has welcomed as “encouraging” shadow chancellor Rachel Reeves’ suggestion that buyout managers investing in their funds would continue to enjoy favorable tax treatment. The Labor Party has promised to raise … Read more