Labour tax hikes will clobber UK economy, warns business
Business leaders yesterday warned Labour that hobbling the UK with tax hikes would leave it at a disadvantage to international rivals.
The boss of the Lloyd’s of London insurance market has urged the new Labour Government to be ‘sensible’ as speculation swirls over possible rises in capital gains tax, inheritance tax and National Insurance paid by employers – and a raid on pension savings.
Primark’s UK sales set to fall at faster rate following wet summer
Primark suffered a summer washout as wet weather hit sales.
The clothing giant said the rain made it harder to shift everything from flip-flops and T-shirts to light dresses and shorts over the past three months.
Chinese police quiz AstraZeneca employees over drug imports
Several AstraZeneca staff are under investigation in China for allegedly breaking the law.
The UK pharma giant said five current and former workers were being questioned.
House prices see biggest annual rise since November 2022
House prices rose in August, according to Halifax, recording the biggest annual increase for almost two years.
The mortgage lender revealed that house prices increased by 0.3 per cent last month after a bumper 0.9 per cent rise in July.
Mortgage rate cuts continue as Santander reduces home loan costs
Santander is latest major bank to announce a wave of mortgage rate cuts.
From tomorrow, the lender will be reducing a number of fixed rate deals for both new and existing borrowers, by as much as 0.32 percentage points.
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