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Published dates (RSS): 14 Aug – 26 Jun

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Business & Finance

HMRC announces 22% tax on cash interest held in stocks and shares Isas

Treasury also promises a new first-time buyer Isa with no upper age limit, as the ‘age at which a first home is bought is rising’ Isa reforms announced on Tuesday promise a new first-time buyer account with no upper age limit, and a tax on interest on cash savings held in a stocks and shares wrapper. Savers and investors can currently deposit up to £20,000 a year in Isas, which offer the chance…

Β· 1 MIN READ Β· The Guardian Business (UK)
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When leasehold flat owners are being treated as second-class citizens | Letters

Readers respond to an article on a campaign that is fighting to end the leasehold system in England and Wales I read your article about the National Leasehold Campaign and the problems associated with owning a leasehold property ( ‘The developers got greedy’: the women who took on the leasehold scandal – and won, 16 June ). I fully understand the financial costs of leasehold, be it ground rent,…

Β· 2 MIN READ Β· The Guardian Business (UK)
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US AI stock sell-off shakes markets from Wall Street to Asia

Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down…

Β· 1 MIN READ Β· The Guardian Business (US)
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Will California’s billionaire tax proposal make it to ballots?

Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to voters Hi and welcome to TechScape. Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation. We’ll be talking about the fight over a proposed billionaire tax in California, the UK’s social media ban and SpaceX making a big buy in…

Β· 1 MIN READ Β· The Guardian Business (US)
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I stand by what I said 10 years ago. We were right to leave the European Union | Larry Elliott

The Brexit vote showed that class still matters in British politics – and the changes needed are ones the EU would never have allowed Read more from the Brexit Vote: 10 Years On series On the morning after the vote for Brexit, the Guardian’s newsroom was deathly quiet. There was disbelief that the public had voted the way it had, and the place was in mourning. With one exception the paper’s…

Β· 3 MIN READ Β· The Guardian Business (UK)
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RIP Alan Greenspan: you were charming, powerful, and wrong | Robert Reich

The former Federal Reserve chair was a smart guy – but he had a huge blind spot. Here’s what I wish I’d said to him Alan Greenspan has died at the age of 100. My students don’t recognize his name, but you probably do. When he was chair of the Federal Reserve – for more than 18 years, from 11 August 1987 to 31 January 2006 – he not only ran the US (and most of the world’s) economy but was also in…

Β· 1 MIN READ Β· The Guardian Business (US)
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Condemned to plutocracy? The relentless rise of US inequality

Elon Musk is a beneficiary of America’s lopsided prosperity – does the country have any appetite for redistribution? As Barack Obama’s presidency was coming to a close, Jason Furman, then chairman of the president’s council of economic advisers, laid out the strides his administration had made to curb the nation’s exorbitant income inequality in “the largest investments in reducing inequality…

Β· 1 MIN READ Β· The Guardian Business (US)
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