Wealthy investors are increasingly turning to start-up companies to mitigate their tax burdens, particularly as a potential capital gains tax (CGT) increase looms in the upcoming budget. Investment in seed enterprise investment schemes (SEISs) surged by 250% between July 4 and September 16 this year, according
The introduction of national insurance on employer pension contributions could generate billions for the Treasury, according to Sir Steve Webb, a former pensions minister. Webb, now a partner at LCP, suggests that this reform could raise up to £16 billion net per year and might be
Unloc and Verizon Business have announced the launch of the 2025 Young Entrepreneurs Challenge, an annual competition designed to uncover Europe’s brightest young entrepreneurial talent. Open to 16-25 year-olds from across Europe, the challenge invites participants to submit technology-driven business ideas for a chance to win
Dr Leah Totton, the 2013 winner of The Apprentice, and her business partner, Lord Alan Sugar, have secured a multi-million pound payout after selling a majority stake in their Botox and cosmetic clinic chain to Advanced Aesthetics Partners (AAP). Dr Leah Clinics, which was co-founded by
Mike Ashley’s Frasers Group has made an £83 million takeover bid for Mulberry, one of the UK’s most iconic luxury brands, after being blindsided by a £10 million emergency share offer from the struggling leather goods maker. The surprise bid offers 130p per share, representing an
Shares in Aston Martin Lagonda have taken a nosedive following a profit warning from its new chief executive, Adrian Hallmark, who has overhauled the company’s financial outlook for 2024. The luxury carmaker’s stock dropped by 20%, reaching a two-year low of 127½p, after Hallmark revealed that
Last Updated on: The social crisis in the United Kingdom is attracting increasing attention due to the growing number of children who fall below the poverty line and are raised in disadvantaged families. According to the Child Poverty Action Group (CPAG) report, in 2023, almost
PHILSTAR FILE PHOTOBy Luisa Maria Jacinta C. Jocson, Reporter A SLOWDOWN in US consumption could hurt Philippine remittances and exports, though this is still outweighed by domestic risks, Fitch Ratings said.“Fitch expects some of the main channels of impact would be via weaker US demand
BW FILE PHOTOTHE BANGKO SENTRAL ng Pilipinas (BSP) and Bankers Association of the Philippines (BAP) will enhance the interest rate swap market and the repurchase agreement (repo) market for government debt to improve benchmarks for a smoother yield curve.“This year, we are introducing an enhancement
THE BANGKO SENTRAL ng Pilipinas (BSP) wants to remove transaction fees for person-to-person electronic fund transfers and payments to small businesses, based on a draft circular.The central bank is eyeing to amend the Manual of Regulations for Payment Systems (MORPS) to “provide for the elimination
BW FILE PHOTOTHE PHILIPPINE central bank chief said big lenders’ reserve requirement ratio (RRR) could be brought down to as low as zero before his term ends in 2029.Asked if the RRR could be reduced to zero during his six-year term, Bangko Sentral ng Pilipinas
The EY Entrepreneur Of The Year 2024 Philippines has concluded its search for the country’s most visionary leaders shaping opportunities and transforming industries. It is a program of the SGV Foundation, Inc., with co-presenters: the Asian Institute of Management, the Department of Trade and Industry,