Jason Clatworthy, a tax partner at Alvarez & Marsal, said more private equity managers had been making enquiries about whether Labour could backdate some of the proposed tax changes. PE managers setting up new funds were thinking twice about basing themselves in London he said, and many executives had stepped up plans to buy property...
Category: Bussiness
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Poor state of Thames Water a ‘critical risk’ to UK, Starmer and Reeves told
The prime minister and chancellor have been briefed by Whitehall officials that the poor state of Thames Water presents a “critical risk” to the country, the Guardian understands. Fears about the company go beyond its precarious financial position and include the management of sites that provide drinking water and sewage treatment for millions of customers...
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Businesses Celebrate Awards Nominations
A host of Welsh businesses are celebrating being shortlisted for the 2024 Allica Bank Great British Entrepreneur Awards. This year’s awards shortlist showcases firms with a combined turnover of nearly £2.9 billion and which employ approximately 20,000 people. Previous winners of the Great British Entrepreneur Awards include the founders of BrewDog, MyEnergi, Zilch, Grenade, and...
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Chancellor unveils a new era for economic growth
The Chancellor has today (8 July) promised to take immediate action to fix the foundations of the economy, rebuild Britain and make every part of the country better off. In her first speech as Chancellor, Rachel Reeves pledged to leaders of some of the UK’s pioneering industries to build growth on strong and secure foundations...
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Bank launches Growth Guarantee Scheme to help smaller businesses in Scotland – Scottish Business News
BRITISH Business Bank has launched its Growth Guarantee Scheme to help smaller businesses in Scotland access the finance they need to invest and grow Further details of the Growth Guarantee Scheme, the successor to the Recovery Loan Scheme, have been published today. The Growth Guarantee Scheme is designed to support access to finance for UK smaller...
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UK drinks maker Britvic agrees £3.3bn takeover by Carlsberg
The UK soft drinks maker Britvic has agreed to an improved £3.3bn takeover offer from the Danish brewer Carlsberg. Britvic, whose brands include J20, Robinsons and R White’s lemonade, accepted the £13.15 a share offer after rejecting previous takeover offers from Carlsberg on the grounds that they undervalued the company. In a statement to the...
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Chancellor Rachel Reeves to say growth is ‘national mission’
Rachel Reeves will promise to make kickstarting economic growth a “national mission”, in her first speech as chancellor. Speaking to business leaders at the Treasury later, Ms Reeves will set out Labour’s plan for the economy and say the era of “chaos and irresponsibility is over”. She is also expected to announce she will bring...
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UK Labour’s Landslide Election Victory Lifts European Stock Markets
FTSE 100 index rose 0.4 percent following news that Keir Starmer will become UK’s new PM London: Europe’s stock markets rose in opening deals on Friday as investors digested news that Labour, as expected, clinched a landslide election victory in Britain to end 14 years of Conservative rule. London’s benchmark FTSE 100 index rose 0.4...
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GB&I PGA Cup team announced
The PGA has now confirmed the 10-man Great Britain and Ireland team to compete against the United States in September’s PGA Cup in Oregon. With seven automatic places in the team settled after the PGA Professional Championships in June, team captain Tim Rouse has selected his three wildcard picks – with Matt Cort, Adam...
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Eurasia Group’s Ian Bremmer says Labour’s election win will boost U.K. business
As a little kid in Scotland, I remember my dad told me the ruling Labour Party was bad for business. Barely 30, he was an entrepreneur trying to support three kids in a land of strikes, power cuts, inflation and high taxes. We moved to Canada before the Conservative Margaret Thatcher became Britain’s prime minister in...
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Key economic challenges facing Labour and Britain’s first female chancellor
Having turned the political map red, Labour’s priority is steering the economy into the black. Sir Keir Starmer’s programme for government may be modest but the means to deliver it are not. A new prime minister and, in Rachel Reeves, the first female chancellor, have a tough economic inheritance. Follow general election fallout live Stagnant...
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For Keir Starmer’s In-Tray: What UK Business Voices Now Need
So long, then, to the UK election, and with it, the ceaseless polling predictions of landslides, comfortable majorities, or even super majorities. For a nation, and for its vital small business and startup sector, the carousel of leadership changes that have typified the past few years has finally come to a halt, and our new...