A group of young entrepreneurs has issued a fresh warning that a proposed hike to income tax will hit the self-employed hardest, and accelerate a trend of young founders relocating …
Investing
Wealthy parents ramp up gifts ahead of feared inheritance tax raid
Parents are locked in a race to organise financial gifts and inheritance tax arrangements ahead of an anticipated clampdown at next month’s Budget, with some advisers reporting a doubling of …
Exclusive: Tory peer Lord Garnier joins Pillsbury amid London expansion
Tory peer Lord Edward Garnier is joining US law firm Pillsbury as senior counsel, as it continues its expansion into the City, City AM can reveal. Lord Garnier KC, currently …
Why your businesses fell for the AI inclusion illusion – and what it’s going to cost you
The purpose of generative AI is to generate the most statistically likely output. In human terms, that means mediocrity at scale, not diversity, says Paul Armstrong Corporate diversity has turned …
Labour’s assault on jobs will undermine growth
Rachel Reeves is engaged in a complicated dance with the Office for Budget Responsibility in the run up to her second Budget. When the fiscal watchdog presents its scorecard on …
Manufacturers urge government to ‘get growth off the floor’ at Budget
The manufacturing industry has warned the government to prioritise growth in the Budget as the sector fights back from a year-long downturn in the face of “existential threats.” Manufacturers have …
‘Urgent and consistent’ policies needed to revive SME housebuilding
The government must fix the ‘overly complex, costly, and slow’ operating environment for small and medium construction companies to unlock housebuilding, according to a new report. Delivery of new homes …
Burnley owner ALK Capital secures £150m injection following Espanyol takeover
Burnley’s owner, Alan Pace’s ALK Capital, has attracted a further £150m injection from an early backer of its Premier League project, Dave Checketts. Checketts, who enjoyed success with Pace as …
Motor finance backlash mounts with calls to pull £4bn from lenders
The financial watchdog is back in the hot seat as criticism of its controversial motor finance redress scheme continues to mount. A fresh report from the All-Party Parliamentary Group (APPG) …
Farage’s speech was light on detail, but his instincts are right
For all its “rabble-rousing” flourishes, Nigel Farage’s speech showed he understands that the City isn’t a London vanity project, it’s the bedrock of the entire UK economy, says Matthew Bowles …