Chancellor encourages investment in emerging markets
The Chancellor Rachel Reeves met recently with major financial firms at Canary Wharf, encouraging them to invest in emerging markets to boost Britain’s economy.
A key initiative launched at the meeting was the “London Coalition on Sustainable Sovereign Debt,” which aims to improve debt financing in developing countries by bringing together private sector and government stakeholders.
This Coalition is expected to strengthen trade ties, promote economic growth and position London as a global leader in development finance.
As a result of this initiative there may be new opportunities for British businesses, particularly in areas such as financial services.
See: https://www.gov.uk/government/news/chancellor-backs-britains-financial-services-to-drive-development-and-kickstart-economic-growth
A first-of-its-kind service for the UK has been launched to provide tax certainty to businesses planning to invest in major projects.
The latest annual report from the Charter Stakeholder Group remains highly critical of HMRC's service performance, with scores either stagnant or deteriorating across most standards. Alongside poor scores for responsiveness and ease of use, the report highlights overwhelmingly negative feedback on Making Tax Digital (MTD).