One in six UK employers expect artificial intelligence to reduce the size of their workforce within the next 12 months, according to a major new survey warning of growing disruption to white-collar employment. Research by the Chartered Institute of Personnel and Development (CIPD) found that 62 per cent of those expecting job losses believed clerical, junior managerial, professional, or administrative roles would be the first to go as automation accelerates. The findings, released ahead of...
When Jonathan Reynolds announced sweeping tariffs this summer to shield Britain’s steelmakers from a flood of cheap imports, the reaction seemed almost universally positive. “This government is unapologetic in our support for the UK steel sector,” declared Reynolds, then business secretary, promising to defend a “vital industry that underpins Britain’s industrial strength and national security.” Gareth Stace, director-general of the industry body UK Steel, hailed it as “a tremendous outcome” that would stop foreign producers...
The horse-racing industry is bracing for a £10 million rise in costs after being excluded from new business rate reliefs due to come into force next April — a move that coincides with fears of a fresh tax raid on betting in the upcoming Budget. According to research by Colliers, racing yards are among several categories that will lose access to the current 40 per cent rates relief, facing average increases of more than £7,000...
The Conservative Party has pledged to scrap mandatory climate and sustainability reporting requirements and rein in regulators “with a tendency to go woke” in a dramatic effort to boost the number of companies listing on the London Stock Exchange. Andrew Griffith, the shadow business and trade secretary, said that if the Tories win the next general election, they will “take a chainsaw” to the layers of green and social disclosure rules that have, in his...
The head of one of Britain’s best-known law firms has warned that Rachel Reeves’s reported plan to raise taxes on limited liability partnerships (LLPs) could drive professionals and entrepreneurs out of the UK, undermining London’s status as a global business hub. James Libson, managing partner of Mishcon de Reya, said proposals to align LLP taxation more closely with standard employment rules risked punishing professionals who take on business risk and contribute significantly to the economy....
Chancellor Rachel Reeves’ reported plan to impose a 20% “exit tax” on the business assets of wealthy individuals leaving the UK has sparked a furious backlash from the financial sector, with critics warning it could drive away entrepreneurs and investors. The proposed measure — described as a “settling-up charge” — would levy capital gains tax on the holdings of those relocating to low-tax jurisdictions. Treasury insiders reportedly believe it could raise around £2 billion in...
Let’s get one thing straight: I’m not usually in the business of tutting at shoes. I’m not the keeper of the brogue, nor the patron saint of patent leather. But when a man hosts a dinner at his own three-Michelin-starred restaurant to celebrate the newly knighted Sir David Beckham, and turns up in a tuxedo paired with gleaming white trainers — well, I start to wonder if the world hasn’t finally gone mad. Now, of...
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For decades, board administration was largely manual. Corporate secretaries spent hours preparing thick packs of printed reports. Last-minute agenda changes meant reprinting everything and minutes were often written up days after the meeting ended. Today, boards are embracing digital meeting software. These modern solutions eliminate administrative pain points. No more getting lost in PDFs and email attachments. Directors can access documents from a single secure portal. All collaboration happens in real time: before, during, and...
Rachel Reeves is considering a pay-per-mile tax on electric vehicles (EVs) as part of her forthcoming Budget, in a move that could raise hundreds of millions of pounds a year and help offset the sharp decline in fuel duty revenues caused by Britain’s shift to greener transport. The proposed levy, expected to feature in the 26 November Budget, would see EV drivers charged around 3p per mile, adding an average of £250 a year to...
