Labour’s crackdown on private equity tax to exempt bosses risking their own capital

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Shadow Chancellor Rachel Reeves has indicated that Labor will continue favorable tax treatment of private equity executives in Britain in cases where fund managers are putting their own capital at risk. Labor has pledged to … Read more

Britain will pay a high price for Labour’s Net Zero fanaticism

Britain will pay a high price for Labour’s Net Zero fanaticism

“Families and businesses will have lower bills forever.” That is a promise the Labor Party will make to the British public when it comes to power. One of Labour’s six ‘missions’ for the government is to make Britain a ‘clean energy superpower’ by 2030, investing in wind, solar and carbon capture and energy storage. Great … Read more

Labour’s North Sea tax promise will crush investment, industry warns

Stay informed with free updates Simply log in to the Oil and gas industry myFT Digest – delivered straight to your inbox. Oil and gas executives have warned that Labour’s pledge to scrap North Sea tax exemptions threatens their investments in the basin, with several projects already on hold. Extraction companies have not drilled a … Read more

Tata Steel rejects Labour’s plea on Port Talbot’s green transition

The company is firing a warning shot that the long-term future of steelmaking in Port Talbot would be at “significant risk” if the next government moves to force a U-turn on the closure of the remaining blast furnaces. By means of James Sillars, business reporter @SkyNewsBiz Tuesday June 11, 2024 1:22 PM, UK Tata Steel … Read more