UK tech lobby groups are issuing urgent warnings ahead of the November 26 budget, calling it a “make or break” moment for the sector. With taxes potentially rising to 54% for VCs and founders considering relocation, the government faces pressure to support scaling businesses.
The UK Treasury is preparing to eliminate a tax loophole that has given overseas retailers including Shein and Temu significant pricing advantages over British high street chains. According to reports, the change could generate up to £600 million annually in additional revenue while level the playing field for domestic retailers.
The Treasury is reportedly preparing to close a significant tax loophole that has allowed overseas online retailers to avoid import duties on small packages, according to government sources familiar with the matter. Chancellor Rachel Reeves is said to be targeting the measure as part of her November 26 Budget announcement as she seeks to strengthen public finances.
September Borrowing Reaches Five-Year Peak Government borrowing surged to £20.2bn in September, marking the highest level for this month since…
Industry Leader Warns of Severe Consequences from Proposed Tax Increases Fred Done, co-founder and chairman of Betfred, has issued a…
The UK government has established a coalition of 20 leading pension funds, including Legal & General and Aviva, to drive coordinated investment into national infrastructure and high-growth firms. This initiative aims to mobilize private capital for projects ranging from affordable housing to AI sector development as part of a broader economic growth strategy.
The British government has launched what reports describe as a landmark initiative to channel pension savings into domestic infrastructure and businesses, according to Reuters coverage. The newly formed “Sterling 20” club brings together 20 of the country’s largest pension funds and asset managers in what analysts suggest represents a significant coordinated effort to stimulate economic growth through targeted investment.
The Unavoidable Reckoning As the UK prepares for its upcoming Budget announcement, the once-taboo subject of Brexit has resurfaced with…
Policy Uncertainty Drives Record Profit Warnings The UK corporate landscape is facing unprecedented challenges as new data reveals a dramatic…
