Veronica McMahon

Oct 9, 2024 | lexology.com | Tracey Wright |Andrew Goodman |Michael Carter |Veronica McMahon |Mairi Granville-George |Jennifer Alldridge

Tax rises on 'working people' have been ruled out, but increases and changes can be expected in other areasA month on from Sir Keir Starmer's Downing Street rose garden speech warning that the first budget of the new Labour government on 30 October would "be painful", the chancellor, Rachel Reeves, at the Labour party conference signalled it would be a budget with ambition and for growth.

Jul 31, 2024 | lexology.com | Veronica McMahon |Andrew Goodman

The chancellor has announced the date of the next Budget and released further detail of the government's priority tax commitmentsOn 29 July the chancellor, Rachel Reeves, set out the results of an audit of public spending undertaken by HM Treasury which showed a £21.9 billion forecast overspend as against the plans set out at the Spring Budget 2024.

Jul 19, 2024 | lexology.com | Jennifer Alldridge |Colette Brimble |David Browne |Charlie Hennig |Sarah Jordan |Sarah Lunn | +8 more

The King's Speech took place on 17 July, setting out the new government's legislative agenda. Our Knowledge Lawyers have selected some highlights for businesses from the 39 bills proposed, covering 12 distinct areas including significant reforms to real estate and employment law, data regulation and corporate governance.

May 28, 2024 | lexology.com | Robyn Trigg |Catherine Hammon |Michelle Radom |Jennie Graham |Colette Brimble |Emma Moscoso | +3 more

Prorogation brought Parliamentary business to an end, meaning all draft legislation not passed is lostWith the prime minister's announcement that a UK general election will take place on Thursday 4 July 2024, there was a two-day rush at the end of last week to pass draft legislation or lose it.

Apr 4, 2024 | mondaq.com | Veronica McMahon |Lizzie James |Mairi Granville-George

Labour, following the chancellor's adoption of two of its proposed tax policies, may now look to introduce other reforms The UK Labour Party set out a range of tax policy pledges with the launch of its Business Partnership for Growth plan in February, highlighting those it wishes to maintain and stabilise while leaving "on the table" previous pledges to levy VAT and business rates on private schools, introduce a "proper" windfall tax on the profits of energy giants and abolish the carried...