The Chancellor announced billions of pounds in extra taxes and borrowing to fund a huge investment programme in transport and other infrastructure projects and to improve some public services such as the NHS.
Here are the main key points:
* Ms Reeves announced £40 billion of tax rises.
* On the NHS, the Chancellor announced at a £22.6 billion increase in the day to-day health budget, and a £3.1 billion increase in the capital budget over this year and next year.
* She will also borrow more than £32 billion extra over the next five years.
Business
* National Insurance on employers will rise by 1.2 per cent to 15% as part of a £25 billion tax raid on firms through this levy. The Secondary Threshold, the level at which employers start paying national insurance on each employee’s salary, will be reduced from £9,100 per year to £5,000.
More and more UK households are sending their cash overseas to escape a Labour Party government and HMRC raid. Savers are moving their money overseas to avoid Rachel Reeves’s punitive tax raids, leading
Global watchdog Transparency International (TI) UK has published comprehensive guidelines for implementing publicly-accessible beneficial ownership registers in the UK’s offshore financial centres.
Press Release from Carey Olsen, Friday 18 October, 2024. Carey Olsen is the highest-ranking offshore law firm in the Chambers UK Legal Guide 2025, having achieved 10 out of a possible 12 Band 1 rankings.
A game-changing shift is underway as roughly half of U.S. and European asset managers are embracing digital asset custody. Despite regulatory concerns, many experts including CKC.Fund contend that institutional