It leaves her with little space to manoeuvre in this month’s Budget, having already promised not to raise income tax, VAT, or employee contributions on national insurance. And it will increase speculation that she will try to fill a £25bn gap in her spending commitments by raising wealth taxes such as capital gains and inheritance, or employer national insurance contributions.
The corporation tax announcement came as she and Sir Keir Starmer led the charge to bring in billions in investment and attempted to calm fears about the Budget on 30 October and the recent row over workers’ rights while drawing a line under the “pain of Brexit”.
The summit saw DP World restore its plans for a £1bn investment in the London Gateway port expansion project after withdrawing over the weekend. Other announcements included:
A £1.1bn investment by Manchester Airports Group to expand Stansted
£6.3bn worth of investment in data centres by CyrusOne, ServiceNow, cloudHQ and CoreWeave
Ports operator ABP committing more than £200m to a joint investment with Stena Line for a new freight terminal at Immingham
A £150m investment by Imperial College London in a new research and development campus
Confirmation of £24bn worth of clean energy investment, which was signalled last week in the build-up to the summit
As both the prime minister and the chancellor pledged that the EU reset would amount to a reset with business, too, they came under pressure again from Labour London mayor Sadiq Khan, speaking at the International Investment Summit at the Guildhall in the City of London, to consider rejoining the single market.
Denne historien er fra October 15, 2024-utgaven av The Independent.
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Denne historien er fra October 15, 2024-utgaven av The Independent.
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Tuchel left with big calls to make after Carsley refresh
No pressure, Thomas. Lee Carsley hands over to Thomas Tuchel promising to give England’s next manager a comprehensive debrief on the three autumn camps but perhaps also elevating expectations. Not so much with the results – promotion in the Nations League was anticipated for a team ranked fourth in the world and who reached the final of Euro 2024 – as with his assessment of England’s prospects for the time covered by Tuchel’s 18-month deal.
Wiegman calls up uncapped trio for injury-hit Lionesses
England manager Sarina Wiegman is confident Laura Blindkilde-Brown and Ruby Mace can both make the most of their first senior call-ups to an injury-hit squad.
Wales promoted as Cullen double freezes out Iceland
Wales won Nations League promotion as Liam Cullen’s first two international goals helped them to a 4-1 victory over Iceland.
Retail bosses gifted excuse for when things go wrong
It’s not just British farmers who are hacked off by the latest Budget some of the biggest names in retail have now joined forces to send one of those angry, multi-signature letters to the chancellor, scolding her for the imminent tax hikes coming their way.
Jaguar pounces on new logo
Car giant Jaguar has unveiled a new logo and a rebranded range of electric cars alongside marketing slogans such as “delete ordinary,” “live vivid,” and “copy nothing.”
OF UNSOUND MIND
A disquieting mood permeates the BBC's 'The Listeners', the complex story of a teacher whose life unravels after she starts hearing a ceaseless, mysterious hum, writes Nick Hilton
It's grit over gloss in photo show's eye on the Eighties
Protest, poverty and privilege - The 80s: Photographing Britain at Tate Britain offers an exciting, if partial, view of a decade that remains highly polarising, writes Mark Hudson
Publicly-owned rail may not get us back on right track
Nationalisation is often touted as a golden ticket to a better train service. Simon Calder is less optimistic it will work
CAFFEINE FIX
Why does a squirt of syrup in your coffee at Christmas burn such a massive hole in your wallet? Olivia Petter finds out.
Longing and loss: our era of British cinematic elegance
It is four decades since A Room with a View’ made Merchant Ivory a household name. Sarah Sands recalls a world in which her brother Kit and her then husband Julian were central
