Uk Government

The shortest-serving Prime Minister in UK history, Liz Truss, has taken legal action against Sir Keir Starmer over his claims that she "crashed the economy". According to The Telegraph, a cease and desist letter sent to the sitting prime minister by lawyers acting for Ms Truss claims his statements

Millions of women who were impacted by the equalisation of the pension age will not receive compensation despite a finding of "maladministration". The Parliamentary and Health Service Ombudsman (PHSO) found in March 2024 that there was a 28-month delay in communicating changes to the state pension a

The Financial Conduct Authority (FCA) has cautioned MPs against a "race to the bottom" in the pursuit of economic growth. FCA CEO Nikhil Rathi and chairman Ashley Alder addressed the Treasury Committee, emphasising the need for a balanced approach that considers consumer protection and market integr

A package of new measures to support small businesses and deliver growth has been set out by the UK government. The package, announced in the run up to Small Business Saturday this weekend includes targeted action to unleash the potential of disabled and female entrepreneurs, and a crackdown on late

UK government borrowing hit £17.4 billion in October, the second-highest figure for the month on record. This surge, driven by increased public sector wages and rising debt interest payments, raises concerns about potential future tax hikes.

Chancellor Rachel Reeves has unveiled a series of transformative reforms in her first Mansion House speech, focusing on pensions, financial regulation, and the advice-guidance framework. Speaking on 14 November, Chancellor Reeves underscored the need for a more growth-oriented approach to financial

The multi-million-pound Falkirk and Grangemouth Growth Deal has been signed by UK and Scottish governments as well as Falkirk Council as part of a package that will strengthen the local economy and create more than a thousand jobs over the next 10 years. Up to 1660 jobs and £628m worth of econ

RBS-owner NatWest Group has repurchased £1 billion worth of its shares from the UK government, further reducing the Treasury's stake in the bank from 14.2% to 11.4%. This marks a significant reduction in the Treasury's holding, which stood at approximately 38% in December 2023. The government

The Scotch Whisky Association (SWA) has criticised the Chancellor’s decision to further increase duty on Scotch Whisky has broken the Prime Minister’s commitment to "back Scotch producers to the hilt". In her first Budget, Chancellor Rachel Reeves announced an retail price index (RPI) in

Chancellor Rachel Reeves has confirmed a rise in capital gains tax (CGT) and employers' national insurance contributions (NIC) in today's Autumn Budget statement.

Scottish Land & Estates (SLE) has urged the UK government to use the upcoming budget to implement fiscal reforms that support rural communities, tackle climate change, and ensure the sustainable future of the rural economy. In a pre-budget submission, SLE outlines critical areas requiring g

Chancellor Rachel Reeves is expected to increase capital gains tax (CGT) on the sale of shares and other assets, but will leave the rate on second homes and buy-to-let properties unchanged.

An Aberdeen tax expert has warned that potential drastic changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) as part of Labour’s Autumn Budget could stifle wealth creation and cost the Treasury more than it hopes to generate. The upcoming Budget on 30 October, the first of the new Lab

First Minister John Swinney met with Prime Minister Keir Starmer in Edinburgh to push for increased public investment in the upcoming UK budget. Mr Swinney stressed the need for "investment in our public services and in our infrastructure to stimulate the growth that all of us want to see delivered

As the UK's Labour government celebrates 100 days in office, ACCA (the Association of Chartered Certified Accountants) has urged the new government to stick to its priorities of putting economic growth at the heart of its agenda for the country. The accounting body also asks for more clarity on its