Aled Jones, President of NFU Cymru, has urged the Prime Minister to reconsider inheritance tax proposals that are causing distress among older farmers. The UK Government plans to tax inherited agricultural assets over £1m at a rate of 20% starting April 2026, which Jones argues will affect far more than the estimated 500 farms. He…

Small businesses are urging the Government to “take its head out of the sand” regarding tax increases and new employment regulations, following a report from the Office for National Statistics indicating a rise in unemployment. The Federation of Small Businesses (FSB) described the job losses as “disturbing” and more evidence “that if you make it…

The European Commission is set to propose its first bloc-wide taxes on tobacco, e-cigarettes, and large companies to address a €650bn pandemic loan. The plan aims to raise between €25bn and €30bn annually, which constitutes about 20% of the EU’s budget. The taxation on tobacco could generate €15bn each year, with member states charged based…

Under plans designed to boost economic growth, the Treasury will look to encourage savers with cash in low-interest accounts to invest their money in stocks and shares instead. Officials said there would be a “review of risk warnings on investment products to make sure they help people to accurately judge risk levels.” The plan will…

The UK has overtaken Hong Kong and is now the second most expensive city in the world for ultra-net worth individuals after Singapore, according to an annual ranking by Julius Baer. Researchers from the Swiss bank said that London has managed to “hold its position as one of the most appealing global cities for the…

Pub bosses have called for tax reform, saying that issues with the business rates system mean they are struggling to make profits. Chris Jowsey, the chief executive of Admiral Taverns, said: “On the face of it, pubs are doing really well because people are spending lots of money but none of it is translating to…