Category: reforms
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Mortgage reforms set to loosen for first-time buyers in pro-growth push
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First-time buyers may find it easier to get on the property ladder under proposals to ease mortgage rules, while financial regulators explore ways to enable “responsible risk-taking” among borrowers. It is understood that the Financial Conduct Authority and other regulators are considering amendments to current lending guidelines, which could allow…
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Bitcoin Rallies With Trump’s Regulatory Reforms On The Horizon
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This article is also available in Spanish. Bitcoin (BTC) crossed the $100,000 threshold for the first time in two weeks, buoyed by renewed momentum following the expected confirmation of Donald Trump’s victory in the US election by Congress this week. According to Bloomberg data, the market-leading cryptocurrency rose more than…
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New sick pay rules risk dismissals as businesses grapple with Rayner’s reforms
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Angela Rayner’s proposed overhaul of workers’ rights could force employers to fire employees who fall ill for long periods, recruitment companies have warned, as companies face new cost burdens at a time when recruitment expenses are escalating. Under the government’s plans, employees will be able to claim Statutory Sick Pay…
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Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
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Next chief executive Lord Wolfson has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) regime, expected in Chancellor Rachel Reeves’ first Budget next month. New filings reveal that the conservative peer offloaded 290,000 shares between Friday and Tuesday, valuing its…
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Rayner clashes with business secretary over reforms to workers’ rights
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Deputy Prime Minister Angela Rayner is at odds with Business Secretary Jonathan Reynolds over plans to give workers full employment rights from day one on the job, as concerns grow among businesses about the impact of the proposed reforms. The dispute centres on how probationary periods will work under the…
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Non-dom tax reforms could cost labour £1bn, warns Oxford Economics
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Labour’s plan to reform the tax system on foreigners could cost the UK government up to £1bn as wealthy individuals flee the country, a report by Oxford Economics has warned. The proposed reforms, which will come into effect from April 2025, aim to replace the current system that allows non-residents…
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Web3 At The Forefront: Japan Mulls Startup-Friendly Tax Reforms
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Japanese Minister of Economy, Trade and Industry, Takeru Saito, He said On August 28, 2024, it announced that it aims to boost its Web3 ecosystem through startup-friendly tax reforms. Tax reforms targeting startups are key to the growth of the Web3 industry To stimulate the Web3 industry, Japan may soon…
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London stock market reforms hailed as major draw by Hong Kong’s CK Infrastructure
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Andy Hunter, deputy managing director of CK Infrastructure, the first company to list under the new rules, said the recent reform of London’s listing rules had made the UK stock market more attractive. Hunter praised the reforms as “very welcome,” citing the streamlined process as an important factor in the…
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Rayner signals potential delays to key employment reforms
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Angela Rayner has indicated that some elements of her planned reform of workers’ rights could be delayed, in a setback for union leaders. At a key meeting at the Cabinet Office in Whitehall, the deputy prime minister told union and business lobby representatives that “not everything” initially proposed would be…
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Rayner signals potential delays to key employment reforms
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Angela Rayner has indicated that some elements of her planned reform of workers’ rights could be delayed, in a setback for union leaders. At a key meeting at the Cabinet Office in Whitehall, the deputy prime minister told union and business lobby representatives that “not everything” initially proposed would be…
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Urgent reforms needed to tackle mounting debt crisis in Africa
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Africa’s debt stocks have grown significantly over the past decade. Understandably, African governments took advantage of historically low interest rates in the 2000s and borrowed heavily from international capital markets and China. But debt has become more expensive lately. Since 2020, the impacts of COVID-19 and the ongoing war in…
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Nearly half of UK small businesses unaware of new simpler recycling reforms, survey reveals
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A new study has revealed that almost half (42%) of small and medium-sized businesses across the UK are unaware of upcoming ‘simpler recycling’ reforms, which are set to significantly impact their operations. The reforms, announced by the Department for Environment, Food and Rural Affairs (Defra) in October 2023, aim to…
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Labour government presses ahead with non-dom tax reforms
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Non-residents hoping for changes or delays to the new Labour government’s reforms will be disappointed by the UK Treasury’s policy paper released yesterday, according to leading audit, tax and business advisory firm Blick Rothenberg. “Non-residents calling for changes or a delay to the Conservative government’s original proposals will be disappointed,…
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China’s Communist Party central committee adopts resolution on further deepening reforms
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Adoption of a resolution on further deepening comprehensive reform Reform should be placed in a more prominent position consciously. The reform tasks set out in this resolution must be completed by 2029. Necessary measures will be implemented to prevent and mitigate risks in key areas such as real estate, local…
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South African rand extends losses, focus on unity government’s reforms By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new national unity government would handle economic reform after forming a cabinet. By 11:31 GMT, the rand was trading at 18.475 against the dollar, down 0.6%…
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Investment fund reforms come into effect July 1
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The big winners in long-term savings in Israel are those who directed their money into passive funds that track the S&P 500 and Nasdaq. The two leading US indexes returned 24% and 43% respectively in 2023, and so far this year they are up another 16% and 21%, leaving the…
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Tory Welfare Reforms Cost Working-Age Families Thousands, Pensioners Benefit – Report
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Radical changes to the UK’s social care system implemented by the Conservatives over the past decade have disproportionately benefited pensioners and people on disability benefits, while working-age families face significant financial losses, according to a recent report from the Decision Foundation. The report highlights that the Conservative Party’s 14-year sweep…
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Surge in Loan Enquiries for Private School Fees Amid Potential Labour Tax Reforms
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The number of inquiries for loans to help pay private school fees has risen by a quarter, according to the School Fees Scheme. The company, which helps parents by paying school fees in advance and allowing payment in monthly installments, saw a significant increase in interest compared to the same…
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Parastatal reforms split PSC, State House teams
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The Public Service Commission (PSC) has notified the Executive Office of the President on new guidelines on the management of parastatals, citing a simmering tussle over control of state-owned entities managing billions of shillings. PSC Chairman Anthony Mochere has described Executive Order No. 3 of 2024 on Governance Guidelines for…