FCA consults on ‘PISCES’ private stockmarket
Chancellor proposed the idea at her Mansion House speech last month
Chancellor proposed the idea at her Mansion House speech last month
Investors withdrew £5.9bn from investment funds over concerns about Chancellor Rachel Reeves’ tax changes
They lost £25.3bn since 2021 but raked in £317m in November once Budget fears receded
Record annual IHT take last tax year of £7.5bn likely to be beaten
Reforms will see the £360bn of assets in 86 local government pension schemes pooled into eight ‘mega funds’
September’s fund flow data showed investors taking action prior to the Autumn Budget, according to the Investment Association
Commentators analyse the effect of AIM stock tax and raising gilt yields on UK markets
The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%
The ‘nil rate band’ has been frozen at £325,000 since 2009
‘Massive’ impact on some families
Most notable early impact so far has been felt in the AIM market
Reeves also announced a new 20% IHT rate on AIM-traded shares