Freeholders are set to be stripped of more than £7bn in a “Stalin-like wholesale redistribution of wealth” by the Conservatives which will leave a £1bn blackhole in the Treasury coffers. MPs and property experts have raised the concerns about the impact of
Michael Gove has admitted he is in the ‘dog house’ at the Treasury over spending on levelling-up projects. The Levelling Up, Housing and Communities department must seek permission for any new capital projects amid concern over how taxpayers’ cash is being used.
The Treasury could take a hit of nearly £60billion a year as younger people stop drinking, smoking and driving polluting cars, a leading think-tank has warned. Sin taxes are a major source of cash for the nation’s finances – but a clean-living
Top contributor was Moscow-born financial trader Alex Gerko, 44, who handed over a record £664.5 million. The personal wealth of the founder of XTX Markets has been previously estimated at £8.5billion. However, despite a 3% rise in the total, two-thirds of the
A Mexican drug cartel was so bold in operating frauds that target elderly Americans that the gang’s operators posed as U.S. Treasury Department officials, U.S. authorities said Thursday. The scam was described by the department’s Office of Foreign Assets Control, or OFAC.
Keir Starmer: Labour on course to win next general election Voters should be braced to go to the polls much earlier than expected, according to new speculation following a surprise move by the Treasury. It’s emerged Jeremy Hunt may be considering bringing
He promised an “Autumn Statement for growth” and pledged to “spread this prosperity across the UK”. The Treasury is betting that if it can turbo-charge productivity in the public sector this will clear the way for tax cuts. It believes that measures
Neema, who runs Battersea Barge & Tamesis Dock in Central London, urged Jeremy Hunt to support the spirit industry at the autumn statement next week by freezing the duty on spirits. She said: “The Treasury risks killing off the renaissance in British
A Treasury minister has refused to rule out tax rises at next month’s Autumn Statement amid a Tory rebellion. Financial Secretary to the Treasury Victoria Atkins was asked twice if Chancellor Jeremy Hunt will hike taxes on November 22. But Ms Atkins
The U.S. Treasury has imposed terrorism-related sanctions on a network of seven individuals and businesses in Lebanon and South America, alleging their involvement in financing the militant group Hezbollah. Among those targeted is Amer Mohamed Akil Rada, who is believed to have