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FINAL GPSJ Summer edition 2024 ONLINE VERSION.2pdf

November 2024
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TaxGem: What taxes might be impacted under a Labour government?

By Steph Gemson, Director, TaxGem

With the new Prime Minister in situ at Downing Street, businesses across the UK are keen to know what this will mean for them. And of course, as accountancy and tax professionals, we are here to advice our clients with whatever the future holds under a Labour government.

Some

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Pension changes leave public sector workers trapped

Jamie Smith-Thompson – managing director of Portal Financial

In a Ministerial Statement issued today the Government announced that it will prevent public sector workers from transferring their unfunded final salary pension to a private pension, in order to protect the Exchequer and taxpayers, leaving millions of people trapped in a scheme that may

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UK Q3 GDP: Golden Olympic recovery

-The ONS’ preliminary estimate of Q3 GDP showed the economy grew by a huge 1.0%, ending the UK’s longest double-dip recession since the Second World War in sensational style. Year on year growth rose from -0.5% to flat. The results are significantly stronger than the 0.6% consensus estimates, and our own estimate of 0.5%.

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