#tax-policy

#tax-policy

Lamont acknowledged concerns from the finance industry about Mamdani in an interview with Bloomberg Television at the Greenwich Economic Forum. Connecticut serves as a hub to the hedge fund industry and is home to many commuters. "New York City is the financial capital of the world - and we're a big piece of it here," Lamont said. "I want to make sure that the next mayor understands how important New York City is to that system and that's important to Connecticut."

"If this money is funded by the additional taxes or it's funded by a better-than-expected (tax) assessment, or it's funded by a pot of money that wasn't previously spoken about, or savings that have come in, then the most important thing is that it's funded," he said.

Rachel Reeves is poised to unveil a package of planning reforms and tax increases in her first full Budget on 26 November, as the Chancellor faces the daunting task of closing a £30 billion shortfall in the public finances. The Treasury is said to be exploring a range of measures to stimulate growth while raising revenue, including restoring the bank surcharge to 8 per cent-a move expected to generate around £2 billion annually.

Celebrity chef Rick Stein will close his Marlborough restaurant this weekend, the second outlet to shut in a week as his family-run hospitality empire battles mounting financial pressure. The High Street site, which opened almost a decade ago, will serve its last meals on Sunday, October 5. The closure follows the permanent shutdown of Stein's Coffee Shop in Padstow, Cornwall, where three staff were redeployed.

Well, I'm very concerned. I think that [(501(c)3) status] is the magic wand that allowed this country to develop one of the most robust cultural programmes in the world...I think we are looking at a federal government that is prepared to exert a great deal of power, or authority, in order to achieve a set of ambitions.

In anticipation of the upcoming mayoral election in New York City on Nov. 4, the suburban housing markets are experiencing a surge in activity, largely attributed to Zohran Mamdani, a Democratic Socialist, leading in the polls. Mamdani's housing policies have prompted some wealthy residents to consider moving to the suburbs, particularly Westchester County. The Harrison Team at Compass, Westchester-based real estate agents, have noted a significant increase in Manhattan residents interested in suburban properties following Mamdani's primary victory.

The Central Bank warned last week that we cannot continue state spending at the current rate without raising taxes or cutting back on current expenditure. The regulator starkly spelled out that the upcoming budget's €9.4bn package for next year involved "too much spending". Of course, there was a certain degree of gobble­degook, as befits all such bulletins, such as: we could be left vulnerable to "geo-economic fragmentation".

The quarterly confidence index, which is based on responses from business leaders, has declined to 88, down from 89.5 in Q2 2025 and 107.1 in Q2 2024. The results also indicate that SMEs are in an era of cautious optimism amidst economic uncertainties. While more than half of all those surveyed anticipate increased revenue (57%), 22% foresee a decline in profitability in the next 12 months.

In one America, the richest people are becoming obscenely richer and have never, ever, had it so good. That America is overflowing with unimaginable wealth, greed and opulence that makes the Gilded Age seem very modest. And then there is a second America an America where a majority of people live paycheck to paycheck, struggling to secure the very basic necessities of life food, healthcare, housing and education.

Democrat Mikie Sherrill and Republican Jack Ciattarelli met Sunday night in the first of two debates in the closely watched New Jersey governor's race. The hour-and-half-long discussion often turned contentious as Sherrill tried to tie Ciattarelli to President Donald Trump in the minds of voters, and Ciattarelli in turn attempted to cast Sherrill as one of a long line of Democrats who he said had failed the state.

According to an invitation seen by the Guardian, the event will be hosted by Michael Dugher, the chair of the Betting & Gaming Council (BGC), who joined Brunswick as a part-time senior adviser last year. Dugher, a former Labour MP who stepped down during Jeremy Corbyn's stint as party leader, has since built a career as a pugnacious and sometimes controversial champion of Britain's gambling industry.

Calling herself a "staunch capitalist," she said she would sit down soon with Mamdani and make some things clear. "The city of New York, as powerful and mighty as it is, is still a subdivision of the state, so any tax increase has to come across my desk first." Mamdani, of course, campaigned on tax increases including a new tax on millionaires and an increase in the state's corporate tax rate.

George Osbourne launched LISAs in his 2016 Budget. The idea was to help people save for their first home or retirement, but the product itself is not fit for that purpose and now costs the Government £3bn a year. The LISA allows the user to put in a maximum of £4,000 of savings a year, with the Government then adding a further 25% for every £1 contributed, thus giving a maximum saving of £5,000 a year.

The Coalition must introduce lower tax rates for small landlords as a way to keep them in the market and not further exacerbate the rental crisis, the Society of Chartered Surveyors Ireland (SCSI) has claimed in a submission to government.

I'm here in Las Vegas for a conference where I just paid $7 for a cup of coffee and then was shamed into tipping another $1 to the server for pouring the coffee and handing it to me. Welcome to America. I feel like I'm tipping for everything, everywhere. And now it's only going to get worse. And for that I blame President Trump.

New York Governor Kathy Hochul has labeled herself a " staunch capitalist" while affirming her intent to collaborate with Zohran Mamdani, the Democratic Socialist mayoral candidate who has rapidly become the frontrunner for New York City's top job. The political spotlight on Mamdani intensified throughout the week as he met with Mike Bloomberg, a former three-term mayor and a billionaire with deep ties to the city's business class and philanthropic community.

Tonight, we will celebrate the best result of all time, and my goal is for this to be just the beginning," party leader Sylvi Listhaug told her jubilant supporters on election night.

Rachel Reeves is widely expected to present a package of tax rises in her 26 November statement to offset deteriorating economic forecasts. However, the chancellor has been hamstrung by Labour's promise not to increase the three main revenue-raisers for the Treasury: income tax, national insurance and VAT. But in a surprise move in the debate about how to raise extra revenue, the CBI's chief executive, Rain Newton-Smith, says the time for tinkering is over.

DeSantis backed by state Chief Financial Officer Blaise Ingoglia has launched audits of several local governments to bolster support for the cuts. The governor has also voiced support for a complete abolishment of property taxes. Palm Beach County's finances from 2021 through 2025 are under review by the U.S. DOGE Service, which is relying on artificial intelligence and detailed line-item checks to evaluate spending.

Some Republicans already fear inflation could cost them dearly in the 2026 midterms, warning Trump has only a few months to reset his trajectory on voters' most important issue. For a president whose credibility on the economy has always been his strongest asset, the prospect of the bottom falling out is uniquely dangerous. State of play: Trump's approval rating on inflation and cost of living currently sits at -24, nearing Biden's lows during the peak of the 2022-23 price surge.

Asked about what he would do as chancellor, Tice said the party's priority would be to focus on savings and cutting regulation. "We have to focus on the savings because regrettably the finances of this country are in terrible, terrible trouble," he told BBC Radio 4's Today programme. "We will have to deal with whatever nightmare situation the government finances are in at the time of the next general election."

Angela Rayner is battling for her political survival after she admitted underpaying stamp duty on her 800,000 seaside flat and referred herself to the ministerial ethics adviser after days of denials of wrongdoing. The deputy prime minister confirmed her tax arrangements after coming under intense pressure to be more transparent about her properties, but has been left with her reputation damaged and future hanging in the balance.

"At her last Budget, the Chancellor chose to increase further the duty burden on an industry already weighed down by excessive tax and regulation," Kent said. "Despite that decision, tax receipts have not gone up; and more UK pubs and restaurants have been forced to close. Everyone connected with hospitality knows that pubs, restaurants and other venues cannot survive on beer alone - all rely on spirits for profits."

Speaking on CNBC Tuesday morning, McDonald's CEO Chris Kempczinski was asked how the fast-food chain would be affected by the "no tax on tips" provision of the Big Beautiful Bill, which President Donald Trump signed into law in July. Proponents of the change say that it will lower taxes for a variety of employees, including restaurant servers. At McDonald's, workers don't take tips, Kempczinski said, meaning that the chain's workers won't see a change.

Reeves will get fired or fall on her sword in the next 12 months. She'll make a balls of the Budget and I don't think she'll still be there at Christmas. They'll have a new chancellor with a three-and-a-half-year run into the next election who can move away from these unsustainable commitments that they won't raise taxes.

Rachel Reeves is reportedly plotting a tax raid on landlords in an attempt to plug the up to 40billion blackhole in the nation's finances. The chancellor is considering raising taxes for landlords in her next budget by applying national insurance (NI) to rental income, arguing the move would target unearned income, according to reports. The plans aim to make the Treasury 2 billion, as it attempts to avoid breaking the chancellor's red lines outlined before the general election, which included not increasing VAT, income tax or national insurance.