All posts by Lisa Baker, Editor, UK Business News

Lisa Baker is an experienced journalist, Owner of Need to See IT Publishing and the Editor of Business in the News. Lisa covers Business, Health, HR and Technology.
Economy & Jobs News, Finance and Banking, Finance News

Chancellor Rachel Reeves Unveils Tax and Spending Plans in her first Budget – to Mixed Reactions

Today, Chancellor Rachel Reeves presented her first budget, which is marked by a mix of tax hikes, public spending commitments, and targeted reforms.

Reeves described her 2024 budget as a “reset for our economy,” aiming to lay the foundations for future growth and stability. In her speech, she emphasized the importance of building a “rock of economic stability” to strengthen the UK’s position internationally.  We explore the key measures and share initial reactions below:

Key Measures Announced:

Personal taxes

  • Rates of income tax and National Insurance (NI) paid by employees, and of VAT, to remain unchanged
  • Income tax band thresholds to rise in line with inflation after 2028, preventing more people being dragged into higher bands as wages rise
  • Capital gains tax (CGT) rates will also see an uplift, with the lower rate increasing from 10% to 18% and the higher rate from 20% to 24%, targeting wealthier individuals and businesses. According to the Institute for Fiscal Studies, the CGT changes would mainly impact the wealthiest 1%, with two-thirds of the revenue coming from just 12,000 individuals​.
  • Rates on profits from selling additional property unchanged Inheritance tax threshold freeze extended by further two years to 2030, with unspent pension pots also subject to the tax from 2027
  • Exemptions when inheriting farmland to be made less generous from 2026
  • From April 2027, pension pots will come within the scope of inheritance tax (IHT). This move is part of an effort to close loopholes and is expected to raise substantial revenue for the government. It means that passing on pension wealth could now be subject to a 40% tax, similar to other inherited assets​.

Business taxes

  • Companies to pay NI at 15% on salaries above £5,000 from April, up from 13.8% on salaries above £9,100, raising an additional £25bn a year
  • Employment allowance – which allows smaller companies to reduce their NI liability – to increase from £5,000 to £10,500
  • Tax paid by private equity managers on share of profits from successful deals to rise from up to 28% to up to 32% from April
  • Main rate of corporation tax, paid by businesses on taxable profits over £250,000, to stay at 25% until next election

Wages, benefits and pensions

  • Legal minimum wage for over-21s to rise from £11.44 to £12.21 per hour from April
  • Rate for 18 to 20-year-olds to go up from £8.60 to £10, as part of a long-term plan to move towards a “single adult rate”
  • Basic and new state pension payments to go up by 4.1% next year due to the “triple lock”, more than working age benefits
  • Eligibility widened for the allowance paid to full-time carers, by increasing the maximum earnings threshold from £151 to £195 a week

Transport

  • 5p cut in fuel duty on petrol and diesel brought in by the Conservatives, due to end in April 2025, kept for another year
  • £2 cap on single bus fares in England to rise to £3 from January,
  • Outside London and Greater Manchester Commitment to fund tunnelling work to take HS2 high-speed rail line to Euston station in central London
  • Government says it will “secure the delivery” of Transpennine rail upgrade between York and Manchester, after reports ministers were looking to cut costs
  • Air Passenger Duty to go up in 2026, by £2 for short-haul economy flights and £12 for long-haul ones, with rates for private jets to go up by 50%
  • Extra £500m next year to repair potholes in England
  • Vehicle Excise Duty paid by owners of all but the most efficient new petrol cars to double in their first year, to encourage shift to electric vehicles

Drinking and smoking

  • New flat-rate tax of £2.20 per 10ml of vaping liquid introduced from October 2026, as ministers shelve Tory plans to link the levy to nicotine content Tax on tobacco to increase by 2% above inflation, and 10% above inflation for hand-rolling tobacco
  • Tax on non-draught alcoholic drinks to increase by the higher RPI measure of inflation, but tax on draught drinks cut by 1.7%
  • Government to review thresholds for sugar tax on soft drinks, and consider extending it to “milk-based” beverages

Government spending and public services

  • Reeves announced substantial increases in public funding, with the NHS budget receiving an additional £22.6 billion in day-to-day spending. Education is set to benefit from a 19% real-terms increase in its capital budget, including £1.4 billion dedicated to rebuilding over 500 schools​ – there will also be smaller rises next year
  • Defence spending to rise by £2.9bn next year
  • Home Office budget to shrink by 3.1% this year and 3.3% next year in real terms, due to assumed savings from asylum system
  • £1.3bn extra funding next year for local councils, which will also keep all cash from Right to Buy sales from next month

Housing

  • Social housing providers to be allowed to increase rents above inflation under multi-year settlement
  • Discounts for social housing tenants buying their property under the Right to Buy scheme to be reduced
  • Stamp duty surcharge, paid on second home purchases in England and Northern Ireland, to go up from 3% to 5%
  • Point at which house buyers start paying stamp duty on a main home to drop from £250,000 to £125,000 in April, reversing a previous tax cut
  • Threshold at which first-time buyers pay the tax will also drop back, from £425,000 to £300,000 Current affordable homes budget, which runs until 2026, boosted by £500m

UK growth, inflation and debt

  • Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.1% this year, 2% next year, and 1.8% in 2026
  • Inflation predicted to average 2.5% this year, 2.6% next year, before falling to 2.3% in 2026
  • Official definition of UK government debt loosened by including a wider range of financial assets, such as future student loan repayments
  • Budget policies will increase UK borrowing by £19.6bn this year and by an average of £32.3bn over the next five years, according to the OBR
  • Budget boost to UK economy forecast to fade after two years

Other Measures

  • Other measures include £11.8bn allocated to compensate victims of the infected blood scandal, with £1.8bn set aside for wrongly prosecuted Post Office sub-postmasters
  • Government to stop receiving surplus cash from pension scheme for mineworkers
  • Extra spending in England will lead to £3.4bn more for Scotland, £1.7bn more for Wales, and £1.5bn more for Northern Ireland in devolution payments
  • One of the more controversial measures involves imposing VAT on private school fees, expected to raise £1.6 billion by 2029. This move has drawn criticism from some quarters, with opponents arguing it will disproportionately impact regions like London, where private schooling is more prevalent​.

These changes are part of broader efforts to increase tax revenues and manage the fiscal deficit, but they have raised concerns about their impact on savers, particularly those nearing retirement.

Opposition Response:

Former Prime Minister and current Conservative Party leader Rishi Sunak delivered a sharp critique in the Commons. He labelled the budget as a series of “broken promises” that he claims will disproportionately impact working people. Sunak focused on what he sees as damaging increases in taxes and cuts to various projects that he initiated during his tenure.

One of the key points of contention was the cancellation of his proposed Advanced British Standard qualification, which Reeves announced would not go ahead due to a lack of allocated funding.

Sunak also expressed concerns about the impact of the budget on the business sector and pensioners, arguing that new tax measures on employer pension contributions would discourage companies from investing adequately in their employees’ future. He described these moves as economically short-sighted and likely to create long-term problems for economic growth and workforce stability​.

 

City Reactions:

Business leaders and experts have voiced mixed reactions to the budget. Many welcome the increased spending on health and education, but there are concerns about the impact of tax hikes on economic growth and investment. The changes to employer national insurance contributions and the capital gains tax, in particular, have prompted warnings from the business community that these measures could stifle job creation.

Reeves defended the tough measures, arguing that “any Chancellor standing here today would face this reality. And any responsible Chancellor would take action.” She underscored the need to restore financial stability and rebuild public services after inheriting what she called a “£22 billion black hole” left by her predecessors​

Here’s what businesses have had to say:

 

Vishal Marria, CEO of Quantexa said:

“We understand that the government needs to raise revenue from somewhere to make the critical investments our country needs. However, the CGT increase may make investors question whether they can still get sufficient returns from investing in British businesses.

“This may have a big knock-on impact, which risks stifling innovation within the UK market.

“As a business we have never made impulsive decisions during the big and high-pressure moments like this and this budget is no exception.

“We’ll take our time to properly analyse the Chancellor’s statement and consider the right next steps for our business without making knee jerk reactions.”

 

Tom Whicher, CEO and Founder of DrDoctor welcomed the announcement of more investment in the NHS, but said other changes were needed too, saying:

“While a single Budget will not fix the NHS overnight, the strength of commitment shown by Rachel Reeves today is a refreshing example of promises being kept.

As pressure on our health service increases, finding the funds to keep up with demand is a complex and difficult task. But with tax rises making it possible for the government to earmark £3.1 billion for capital investment in the NHS and an increase of £22.6 billion for day-to-day spending on healthcare, a lot of good will be done.

Investing in the infrastructure to make two million extra appointments available is a great way to reduce the waitlist but, with stretched bank balances front of mind, there is a more efficient way. Our insights from patients who have missed hospital appointments shows that nearly a third would find it easier to attend their appointment if they could rearrange it online or move it to a more convenient time – that’s a really quick fix to shrinking the waitlist by reducing Did Not Attends (DNAs).

I welcome the approach to the NHS in this Budget – it’s bold but realistic. But I’d also like to see more evidence of us working smarter, not just harder, to deliver a modern NHS that does justice to patients and the dedicated professionals working within it.”

 

Melanie Pizzey, CEO and Founder of the Global Payroll Association, says:

“This budget is going to be, as Labour themselves have confessed, painful for many to hear. It seems that big changes are on the horizon, and we’re not just talking about the big life moment taxes that have hit the headlines, such as Capital Gains and Inheritance Tax.

“The country faces a radical overhaul of tax contributions across the board and even if the proposed tax changes don’t directly affect you, you’re likely to feel the impact somewhere along the way.

“The prime example of this is, of course, an increase in National Insurance obligations for employers. As their outgoings increase, businesses are going to look for savings elsewhere and the unfortunate reality is that employees are ones who are likely to feel the pinch.

“Whilst pay cuts aren’t out of the question, a freeze on pay increases is the least they can expect in the short to medium term and, with inflation continuing to rise, this will inevitably result in a real term pay cut down the line.”

 

Gareth Burrows, Founder of Breathe HR, comments:

“Unlike big businesses, SMEs don’t have a deep well of resources. The tax increase for employers will therefore hit smaller businesses hardest.

“At the same time, 63% of SME bosses say they will be disproportionately impacted by the costs of implementing changes outlined in the new Employment Rights Bill. The significant impact of these combined, upcoming costs could therefore put some SMEs in precarious financial positions. This puts workers at risk too, if employers are forced to downsize as a result.

“SMEs are the beating heart of the British business ecosystem. But many will struggle to survive without guidance to navigate the raft of changes outlined by the budget and Employment Rights Bill, as well as funding and grants that recognise the disproportionate impact these changes will have on SMEs. Proper support for SMEs will make the difference which they and our economy need to thrive.”

Asad Dhunna, Muslim founder & CEO of The Unmistakables, an award-winning diversity consultancy firm, said:

“The increases in national insurance is putting UK businesses off hiring and may trigger more international hiring.”

“Much of Labour’s agenda goes towards big business, but UK is made up of a lot of small businesses.”

“The growth agenda needs to be balanced with inclusion – Labour  are giving out mixed messages about productivity and hybrid working.”

 

Yalin Solmaz, ex Youtube, GenAI expert, said:

“From a purely financial standpoint, the expected increase in tax on dividends will be a blow to the creative industry where ~32% are freelancers (compared to 16% of the overall UK workforce), who tend to pay themselves via dividends.”

“Higher employer national insurance might also result in faster GenAI adoption by business (instead of hiring people) but I worry about this because most businesses are nowhere near ready to make the most of AI or know where to get proper AI training.”

 

Barry Whyte, UK’s leading AI training company, said:

“Heaping more and more cost on to employers disproportionally impacts mid to high-salary jobs. It will drive the growth industries that the UK needs – such as AI – to other countries which are scrambling over each other to offer incentives for relocation.”

“Waging war with well-intentioned initiatives such as research and development credits for tech companies will add fuel to the fire that is already raging, sending more and more tech scale-ups overseas.”

 

Simone Carasco – Founder and CEO of EvolvedMe Training & Consulting said:

“Today’s Pension Taxation Changes will not ensure equitable financial futures for all employees and these pension tax reforms may affect retirement planning, particularly for diverse employee groups.”

 

Nic Stratford, Partner and Senior Executive Reward Consultant at Mercer, said:

“While the increases in Capital Gains Tax rates were more moderate than expected, there is the risk that the higher rates make it less attractive for employees and CEOs alike to receive and hold shares in their employer.

“In nearly every FTSE company, CEOs are required to hold a multiple of their annual salary in company shares – including in most cases for some time after their employment has ended. Now, any gains on these shares held by top executives will be taxed more highly and there is no way of offsetting this loss of attractiveness.  This is a highly mobile, global, talent pool some of whom can choose top roles in any location. Making UK companies less attractive makes it harder for UK companies to recruit and retain leadership talent.  Current UK executives may also be more resistant to future investor driven requests for them to hold yet higher amounts of company shares, due to the higher rate at which gains on these shares will be taxed.

“The change also risks undermining the attractiveness of share plans as a means of encouraging employees to hold shares in the companies they work for. Instead, many employees may choose to sell their shares from share awards sooner, rather than face roughly one-quarter of future gains on retained vested share awards now being taxed. Coupled with frozen income tax bands, employees are facing a further hit to their remuneration package.”

 

David Ovens, Joint Managing Director, Archangels said:

“Today’s Budget offered the Chancellor a chance to outline a tax approach that nurtures entrepreneurship, encourages investment and innovation, and fuels long-term economic growth. Instead, we have seen a raft of measures, from raising CGT and Business Assets Disposal Relief, to raising employer National Insurance and lowering the rate threshold, all of which will undermine the country’s attractiveness as a place to start and scale a business.

“While we all must face up to fiscal realities, these tax increases fly in the face of the Government’s pro-business commitments and will only serve to dampen the UK’s entrepreneurial spirit. Given the well-documented importance of SMEs to economic growth, these changes are a major cause for concern.

“Business Assets Disposal Relief (BADR), in particular, has been a crucial incentive for entrepreneurs and management teams, encouraging risk-taking and innovation. Nearly doubling the rate, from 10% to 18% in two years’ time, will disproportionately affect those who have invested their time, energy, and resources into building businesses from the ground up – not necessarily the wealthiest CGT payers.

“As for CGT, while the rise might not be as steep as some feared, even this marginal increase will contribute to the perception of the UK as an unfavourable place to invest.

“All in all, a very disappointing Budget for business owners and to the UK’s reputation as a place to start and scale a business.”

 

Andy Mitchell, managing director at the sustainable energy revolution pioneers, 21 Degrees. said the budget was a missed opportunity to address energy efficiency in homes:

“Today’s Autumn Budget delivered by the new Labour government missed a vital opportunity to address energy efficiency in homes – a gap that is becoming increasingly hard to justify in light of the current climate crisis, as well as the proven benefits of efficient homes for health, comfort, and reduced energy consumption.

“The chancellor announced investment into the building of over one million new homes, but research by Passivhaus Trust shows that almost all new builds fall short of even the basic energy standards by over 60%, with the minimum requirements already low. Now, more than ever, there is a need to champion high-performing homes

“Bringing every home in the UK up to an EPC standard C would save the estimated energy equivalent of the output of up to four nuclear power stations. That’s why it’s time to approach retrofit projects as critical infrastructure investments.”

 

Conclusion:

Overall, Chancellor Rachel Reeves’ first budget has laid out a roadmap that she believes will balance tax increases with strategic investments in public services and infrastructure.

While some have praised the measures as necessary to restore economic stability, others remain cautious about the potential impact on businesses and households.

 

—

Photo by Jake Willett, Unsplash

Source: BBC

Health & Care

Understanding Liposuction: Expert Shares 8 Facts vs. Myths

In the UK, Liposuction is one of the most commonly performed cosmetic surgeries. According to the British Association of Aesthetic Plastic Surgeons (BAAPS) over 3000 liposuction procedures were performed, marking a 135% increase in the year 2022.

The NHS suggests that the average cost of these procedures ranges from £3000 to £8500.

Despite its popularity, there are widespread misconceptions about what liposuction can achieve.

With that in mind, one of the country’s leading experts in this area, plastic surgeon Manish Sinha has produced a new guide on the facts vs myths in this area.

Dr Sinha said: “Liposuction can be transformative, but it’s essential to approach it with realistic expectations. Success depends on factors like the surgeon’s skill, the chosen technique, and the patient’s commitment to post-op care. While most patients report high satisfaction, rare complications emphasize the need to choose a qualified professional. If you’re considering liposuction, take the time to discuss your goals with a certified cosmetic surgeon who can provide tailored advice.”

 

Here plastic surgeon Dr Sinha shares the eight main myths that exist around the procedure.

 

Myth 1: Liposuction is a Weight Loss Solution

In most cases, I have seen that Liposuction is often misunderstood as a shortcut for weight loss – but that’s not true. It’s primarily for body contouring and is most effective for patients within 30% of their ideal weight, focusing on stubborn fat deposits that resist diet and exercise.

The NHS also claims that Liposuction is not suitable for treating obesity, as large-volume removals increase surgical risks and complications. Patients should ideally have a stable weight and good skin elasticity for optimal results.

 

Myth 2: Liposuction Can Treat Cellulite and Sagging Skin

It’s a common belief that liposuction can resolve cellulite or tighten sagging skin. However, cellulite involves fibrous bands that tether the skin, and liposuction alone won’t address this.

For sagging skin, liposuction can actually worsen the appearance, particularly in patients with low skin elasticity. Procedures like body lifts or radiofrequency skin-tightening technologies are more appropriate in such cases. While some energy-assisted liposuction, such as Vaser, may improve skin texture slightly by stimulating collagen, it’s not a substitute for comprehensive skin-tightening procedures.

 

Myth 3: All Liposuction Techniques Are the Same

The techniques available for liposuction vary widely. Traditional liposuction, also called Suction-Assisted Liposuction (SAL), involves a cannula to manually break up and remove fat, often resulting in more bruising due to manual effort. Costs for SAL typically range from £2,500 to £3,500 in the UK, depending on the area treated. Although this procedure tends to be relatively less expensive, it comes with its own set of complications and requires additional steps in the aftercare.

 

Myth 4: Liposuction Results Are Instant

I strongly recommend all patients to balance expectations against reality before considering Liposuction. While some initial results are visible, full liposuction outcomes take time. Swelling and bruising can persist for several months, so patients should be prepared for gradual improvements.

Wearing compression garments during recovery helps minimize swelling and supports skin adaptation to new contours. Most patients see substantial results within three to six months, with final effects taking up to a year to fully materialize.

 

Myth 5: Liposuction is a Risk-Free Procedure

Just like any other medical procedure, Liposuction also comes with its own set of risks and complications. Having said that, it can be relatively safe when performed by qualified professionals by taking all the recommended precautions.

Complications can range from Infection, scarring, and asymmetry. Some cases could also see rare complications like pulmonary embolism which could be potentially life-threatening. The NHS advises consulting a certified plastic surgeon at a registered clinic to minimize risks. I also recommend all patients to abstain from Large-volume removals as this increases the risk of complications.

 

Myth 6: Recovery from Liposuction is Quick and Easy for Everyone

It should be understood that there is no template for the recovery process. Each patient is different, and their recovery varies based on technique and the individual’s health. While traditional methods may necessitate two weeks of rest, with activity restrictions for up to six weeks. Energy-assisted methods often allow quicker recovery, enabling patients to resume light activities within a few days.

 

Myth 7: Liposuction Permanently Eliminates Fat

This is probably one of the most popular myths around Liposuction. While liposuction removes fat cells, the remaining cells can still expand if the patient gains weight. To maintain results, patients should commit to a balanced diet and regular exercise.

 

Myth 8: Anyone Can Perform Liposuction

In the UK, though cosmetic procedures are regulated, not all practitioners are equally qualified. I highly recommend patients ensure that their surgeon is on the GMC specialist register for Plastic Surgery and has specific training in cosmetic surgery. Organisations like BAAPS promote safety by endorsing experienced, ethical professionals. Researching credentials and consulting with trusted sources ensures a safer procedure and better results.

Awards, Business News, Wales

RD Group CEO honoured with BESA President’s Award for Outstanding Achievement

Raven Delta (RD) Group CEO, Dave Kieft, has been recognised with the President’s Award for Outstanding Achievement at the BESA Awards 2024, which took place on October 17 at The Brewery, London. The award, presented by Adrian Hurley, President of the Building Engineering Services Association (BESA), is one of the industry’s highest honours, given to individuals who have made extraordinary contributions to the sector.

Kieft was honoured for his visionary leadership and pivotal role in developing the world’s first technical standard focused on the health and wellbeing of building occupants – British Standard BS40102 (Part One). This standard, created in response to pioneering legislation from the Welsh Government, has become a cornerstone in the global effort to improve indoor environmental quality (IEQ).

Kieft’s work, which began nearly a decade ago, culminated in a standard that has gained international recognition for its role in addressing the need for healthier indoor environments, especially as the Covid-19 pandemic brought IEQ into the spotlight. The standard was fast-tracked by the British Standards Institute (BSI) and is already being adopted in multiple countries.

Kieft’s commitment to the project and his leadership in bringing together technical experts and standards bodies were key to the rapid development and approval of BS40102. His work has set a new benchmark for the measurement, metering, and monitoring of indoor environments, ensuring that health and wellbeing are central to future building designs.

Although Kieft could not attend the awards ceremony due to other commitments, Steve Pridmore, of Raven Delta Group, accepted the award on his behalf. In a pre-recorded message, Kieft expressed his gratitude to the team that supported the standard’s development and outlined his vision for expanding this work into the domestic building sector.

The President’s Award for Outstanding Achievement highlights Kieft’s lasting impact on the building services industry, especially his drive to ensure the wellbeing of future generations through healthier indoor environments. His efforts continue to shape the future of the industry, and his leadership in sustainability and environmental health is widely recognised.

Adrian Hurley, President of BESA, introducing the award:

“This year’s recipient was the driving force behind the world’s first technical standard for the health and wellbeing of building occupants. Inspired by groundbreaking legislation passed by the Welsh Government aimed at safeguarding future generations, this individual set about galvanising technical experts and standards-setting bodies to turn a legislative requirement into practical measures.”

“For his vision, tenacity, and determination to improve indoor environments for the good of communities worldwide, this year’s President’s Award goes to Raven Delta Group’s CEO, Dave Kieft.”

 

Raven Delta Group CEO, Dave Kieft, has been recognised with the President’s Award for Outstanding Achievement at the BESA Awards 2024.

Dave Kieft, expressing his gratitude after receiving the award:

“I am truly honoured to receive this prestigious award from BESA, and I’m incredibly grateful for the recognition. However, this achievement is not just mine—it reflects the hard work, dedication, and expertise of a remarkable team of individuals who have worked tirelessly over the years to bring the BS40102 standard to life.”

“This award is a testament to the collaborative effort of many, including the technical experts, standards bodies, and industry partners who have contributed along the way. I’d especially like to recognise Chris Jenkins, who led the original steering group and has been instrumental throughout the process. Without his leadership and the support of BESA, this achievement would not have been possible.”

“The next step is to continue this vital work by expanding these principles into the domestic environment, ensuring that we safeguard the health and wellbeing of future generations. I am immensely proud of what we’ve accomplished so far, and I look forward to working with the team and our partners to drive even greater advancements in the years to come.”

Mid Wales

Folk legend Sam Lee to perform at Gregynog Hall

Mercury prize nominee and Songlines Award winner Sam Lee is set to perform at Gregynog Hall on November 24 as the culmination of a fabulous folk series.

Sam performed at Glastonbury in 2024 and has toured across Europe and the UK. His singular interpretations of folk songs and themes break down the barriers between traditional and contemporary music.

He is also known for his love of wilderness and nature, making him a perfect match for a historic house set in 750 acres of stunning nature reserve.

Gregynog Hall has played a leading role in the development of Wales’ classical music scene it was the home of the Davies sisters in the 1930s. Music festivals were held at Gregynog Hall, attended by famous musicians such as Sir Adrian Boult, Walford Davies and Gustav Holst.

Gwen and Margaret Davies were always passionate about the arts. Prior to the Great War, they had begun collecting paintings and other works of art, notably French Impressionists and post-Impressionists – Monet, Renoir, Cezanne, Pisarro, Sisley, Morisot – which was very daring stuff for the times.

Their adviser was a man called Hugh Blaker who was the brother of the sisters’ governess. Gwen was also a talented musician and music was very important to both sisters.

They converted the Billiard Room in their home into a Music Room which continues to host concerts including a free programme of chamber music on Saturday mornings.

Now Gregynog is looking beyond its traditional classical remit and to host contemporary interpretations of traditional music. Gregynog Hall’s Autumn 2024 Folk Series concludes on Sunday, November 24 with a performance by Sam and his band.

Lee’s most recent album ‘Songdreaming’ was a Mojo Album of the Month earlier this year and is the recipient of five-star reviews.  With a lyrical focus on the perilous state of the natural world that has informed Sam’s work since his debut, ‘Songdreaming’ represents his most expansive and fully realised album to date.

“I wanted to sing a vision of what a conversation between us and the land could be, to restore and inspire a practice of songful immersion in nature that brings with it healing, something we need now more than ever,” he said.

Gregynog Hall offers a range of accommodation which allows visitors to make a weekend of it and explore the estate’s amazing 750-acre estate.

Gregynog Hall’s woodland is part of Wales’ national forest with miles of paths to explore so pack your boots as well! Early tickets cost £22.50 including booking fee (£27.50 full price). Details are available at www.gregynog.org and you can book accommodation by calling the Hall on 01686 650224 or email enquiries@gregynog.org.

Finance News

Many will be left reeling by Budget, consumer expert warns.

The budget will leave many people reeling, a leading consumer expert has warned.

Jane Hawkes said the record-breaking tax-rises will be hard for many to absorb.

Consumer expert Jane said: “Tax rises of around £40bn is the biggest in 30 years and will leave many reeling from the list of announcements.

“The big and very welcome surprise has come with no increase on fuel duty so at least we won’t be paying more at the pumps. This has a multi fold effect as any increase would have had a much wider detrimental impact. However the devil is in the details as although no increase in fuel duty, 2025/26 VED rates will be uprated for cars, vans and motorcycles in line with RPI from April 2025.

“Consumers also won’t be paying any more at pub pumps with a cut to alcohol duty for draft drinks of 1.7%, cutting a penny off a pint.

“The decision to run with the introduction of VAT to private school fees is concerning and disappointing as is any tax on education. What the Labour party give generously with one state hand, they take sharply from the private one. However the impact this will have on the education of children who may now need to move schools mid term and the current capacity in the state sector should not be underestimated.

“Increasing the carers’ allowance earnings threshold means full time carers will quite rightly be able to earn more without being financially penalised for doing so.

“No increase to Income tax and NIC as expected but changes to employer NIC contributions will undoubtedly impact on employees as shortfalls have to be filled somewhere. It all comes full circle in the end. Also any extension to income tax and NIC thresholds (beyond what was planned to 2028) would have been pie in the sky anyway as could easily be reversed in a future budget.

Today’s budget may well have aimed to end ’short term-ism’ but as to whether it will be enough to create a new era of long term growth, that remains to be seen.”

Chancellor Rachel Reeves’ Budget statement this afternoon highlighted tax hikes for both working individuals and British businesses.

She told the Commons that the Budget will raise taxes by £40bn with an approach that she believes will achieve growth in the near future.

Reeves shared projections from the OBR, which said CPI inflation will average 2.5% this year, 2.6% in 2025, then 2.3% in 2026, 2.1% in 2027, 2.1% in 2028 and 2.0% in 2029.

Reeved also said the OBR has published a detailed assessment of Labour’s policies for the next decade.

Listing its forecasts, she announced that real GDP growth will be 1.1% in 2024, 2% in 2025, 1.8% in 2026, 1.5% in 2027, 1.5% in 2028, and 1.6% in 2029.

Halloween

Avoid These Haunting Interior Design Fails This Halloween

As the spookiest time of year approaches, Halloween isn’t the only thing giving homeowners a fright.

The change in seasons often prompts people to attempt some interior transformations…but the results can be terrifying.

GB News’ resident interiors expert, Kate Conrad, a senior stylist at luxury homeware brand Madison & Mayfair, is on a mission to help people avoid potential ghastly interior design mistakes that could haunt their homes long after Halloween has passed.

She said: “It’s important to remember that even the most fashionable interiors can fall victim to some common design blunders that creep up when decorating for Halloween. Halloween is the perfect time to experiment with your space, but there’s a fine line between a stylish spook and a decor disaster.”

Here are Kate’s top tips for avoiding Halloween-themed interior design fails:

Don’t overload on seasonal decor

“It’s easy to get carried away with pumpkins, skeletons, and fake cobwebs. But overdoing it can turn your home into a cluttered nightmare.

“Instead of drowning your home in kitschy decorations, think of subtle sophistication. A few well-placed black candles, metallic accents, or velvet textures can create an eerie atmosphere without overwhelming your space with clichés,” advises Conrad.

Avoid clashing colours 

“Orange may be Halloween’s signature colour, but pairing it with too many bold tones can clash horribly with your home’s existing decor.

“Stick to a refined palette—charcoal, midnight blue, and deep plum can create a moody, mysterious feel that blends beautifully with your interior,” Conrad suggests.

Don’t ignore the power of lighting

“While dim lighting may scream ‘haunted house,’ your home still needs to feel welcoming.

“Proper lighting is key. Use soft, ambient lights to set a warm glow, and combine them with statement pieces like black lampshades or antique-style lanterns for a touch of Gothic charm.”

Don’t forget the details

“From outdated furniture arrangements to clunky, mismatched pieces, these overlooked elements can make a room feel chaotic.

“It’s easy to focus on Halloween decorations, but don’t let the basics slip. A well-thought-out layout and cohesive furnishings are crucial for maintaining the overall ambiance.

“Halloween decor should be the cherry on top of an already beautifully decorated room, adding the perfect amount of seasonal charm to your home without becoming the main feature.

“Halloween is a chance to have fun with your interior, but it doesn’t have to mean sacrificing elegance,” Conrad says.

“With the right balance of decor and a few timeless pieces, you can create a hauntingly beautiful space that reflects both your personality and impeccable style.”

Pets

How To Ensure Your Pets Are Cared For In The Event Of Your Death

Increasing numbers of people are now making plans in their Will  for what they’d like to happen to their pets, a leading expert has revealed.

Steve Bish, from S Bish Estate Planning, is dealing with more and more cases to help owners put a strategy in place to ensure their furry friends are provided for.

Explaining what’s driving the trend Steve said: “Pets are increasingly regarded as family members so it’s understandable that more people are including them in their estate planning and wills,” he said.

“In the UK many pet owners are now considering how their beloved animal will be cared for in the event of their death or incapacity to ensure they do not end up in a shelter as many, sadly, do.”

“Pets are considered personal property so when an owner passes away, their pet typically becomes part of the estate and may be inherited by a designated beneficiary or, in the absence of a will, passed onto the next of kin.

“But this can lead to complications, especially if that person is not expecting a four-pawed inheritance and they have no obligation to care for them as you would like them to do.”

Bish advises everyone with a pet to think about how they would like their pets to be cared for if they are unable to look after them.

“Setting out your wishes in your Will can reduce the risk of disagreements and mean that there is someone there to care for your pet immediately,” he says.

“Including provisions for your pet in your will ensures that they will be cared for according to your wishes.

“The love and care you provide your pets during your lifetime should extend into their future as well.”

Here Steve, who sadly recent lost his own dog Max (pictured), said: “

What to include in your Will to ensure your pet is provided for

  1. Designated Caregiver: You can specify who you want to take care of your pet after your death. By naming a suitable person in your will, you can ensure that your pet goes to someone who understands their needs and lifestyle. You can also include a substitute should the original person’s circumstances change.
  2. Financial Support for Care:Many pet owners worry about the financial implications of caring for a pet. You can allocate funds in your will to cover the costs of your pet’s care, including food, veterinary bills, and other expenses. This can be done by leaving a specific amount of money to the designated caregiver.
  3. Avoiding Disputes:Including your pet in your will can help prevent family disputes. When your wishes are clearly outlined, it reduces the chances of disagreements among family members regarding who should take care of your pet or how your pet should be provided for.
  4. Peace of Mind: We’re a nation of animal lovers so knowing that you have made arrangements for your pet can provide you with peace of mind, especially if you have concerns about what will happen to them after your passing

How to Include Pets in Your Will

When creating or updating your will to include provisions for your pet, consider the following steps:

1. Choose a Guardian: Select a responsible person who is willing and able to take care of your pet. It is essential to discuss this with them beforehand to ensure they are comfortable with the arrangement.
2. Detail Care Instructions: Provide specific instructions regarding your pet’s care. This can include dietary preferences, medical needs, and any other relevant information that would help the caregiver provide the best care possible. Share information such as pet plans and insurance which you have taken out for your pets. You could also consider including it on your pet’s notes at their regular vet.
3. Allocate Funds: There has been an increase in abandoned animals over recent years so setting aside a sum of money specifically for your pet’s care will help to ensure they are not abandoned.  This can be done by creating a trust fund or simply leaving a cash amount to the designated guardian. You should ensure that the funds are sufficient to cover the expected costs. A Pet Trust is a legally binding arrangement which allows you to set aside funds specifically for your pet’s care, managed by a trustee.
4. Consult a Specialist: It is advisable to consult a professional who specialises in Wills and Estates to ensure that your wishes are legally binding and clearly documented. They can provide guidance on the best way to structure your will to include your pet.
5. Regularly Review Your Will: Your circumstances may change over time, and it is crucial to review your will regularly to ensure that your provisions for your pet remain relevant. This includes updating the designated caregiver if necessary or adjusting the allocated funds based on changing costs.

Articles & News, Business Advice

Why Every Facility Needs Versatile Barrier Systems For Dynamic Spaces

These days, many facilities must be adaptable and dynamic. Facilities such as warehouses, offices, schools, and healthcare settings often need to be able to reorganise their spaces and have efficient crowd control measures in place to maintain order and create a safe environment for visitors/customers. This post will explore a few of the main reasons why different facilities in different industries need to have a versatile barrier system in place and how this can help to create a dynamic space that will improve the visitor experience and prevent overcrowding. Keep reading to find out more about the importance of versatile barrier systems.

 

Easy To Set Up/Take Down

Versatile barrier systems are quick and easy to set up and take down. This is key for dynamic spaces where you may need to change the layout at a moment’s notice because you can get the configuration exactly how you need it in a matter of minutes. The Seton extendable barrier can be altered to the desired length to set up a barrier, and they can be set up in both indoor and outdoor environments. Additionally, these barrier systems are also a cost-effective solution compared to permanent barriers and can be easily stored when not in use.

 

Adaptability

A large reason why facilities need to use versatile barrier systems is that they can offer adaptability. Retractable barriers enable you to adapt and change the way that people use your facility, such as setting up a queueing system or cordoning off a section of the facility. These barriers are most commonly used to manage traffic during busy periods by setting up clear lines for people to follow and preventing access to unauthorised areas. This makes these retractable barriers useful in many different settings, particularly high-traffic areas.

 

Space Management

Versatile barrier systems can also be helpful in terms of space management. Barriers allow you to create entirely new spaces and divide up the floor space, which could be helpful for highlighting specific products in a shop or creating focused workspaces in an office environment. Retractable barriers allow you to change your setup and improve the user experience while making sure that your resources are used to their potential.

 

Safety & Security

Safety and security are two hugely important factors to consider for any facility. Versatile barriers can be set up to improve visitor safety by improving traffic control and preventing crushes from occurring. Additionally, retractable barriers can prevent unauthorised access to restricted areas, helping to improve security standards. A versatile system can improve safety in many different settings, such as outdoor events, factories, hospitals, and airports.

 

Many facilities need to be dynamic and adaptable in today’s day and age. Versatile barrier systems are key for this as they enable you to adjust the layout of the facility and improve traffic control. These barriers will also make it quick and easy to adjust your configuration as your needs change, which is why they are so useful in areas where traffic volume can fluctuate.

 

Image: Deposit Photos

Finance and Banking, News

Equity Release Group say the market could take years to recover despite renewed confidence and optimism.

The UK’s leading whole of market equity release experts, Equity Release Group (ERG) have reported a significant uplift in their enquiries this year, announcing amplification of their lead volume by 102 per cent YoY in September and lending applications up 52 percent in comparison to the same period last year

Recovering UK house prices earlier in the year certainly had a widespread effect on the sector and ERG believe that some of the increase is also down to retirees exploring their options after years of rising costs and the impending tax changes.

 

Mark Gregory, Founder and CEO of Equity Release Group said: “Whilst we’re seeing a marked improvement within the industry, alongside our current data, which reflects optimism and demand, there is still some way to go before the market fully recovers and will likely take a few years.”

 

The 2024 Autumn Budget, set for tomorrow, will be one of the most closely watched in recent years. With the new Labour government facing significant economic challenges, Prime Minister Keir Starmer and Chancellor Rachel Reeves have indicated that tough measures lie ahead.

Nervousness around this announcement and the implications it may impose on those planning their retirement, is giving rise to people reviewing alternate funding options to support their later life goals, some of whom are turning to equity release as a potential solution.

 

Mark said: “The Statement is likely to bring financial planning and life goals sharply into focus with potential tax reforms on the horizon, particularly around capital gains, inheritance tax, and pensions. However, releasing property wealth is a tax-free source of capital for many in need of options, outside of a traditional pension or other savings.”

 

ERG also reported heightened usage in Q3 YoY on customers utilising monies released from ‘additional borrowing’, which was up 5 per cent, as well as usage for ‘emergency funds’ which grew 2.5 per cent – both of which could be reflective of the current market sentiment. Whilst repayments on residential property mortgages increased, ‘gifts to family’ decreased, suggesting that people are in need of more readily available cash for existing financial needs as opposed to longer term goals.

 

Mark commented: “Our recent Q3 data has highlighted that our customers, more so than ever, have a need to compare later life lending products accurately for the best rates, features and overall solutions that meet their personal requirements. Therefore, expansive technology features, alongside independent and whole of market advice, are vital to meet consumer demands in line with Consumer Duty.

“We have spent copious amounts of time driving efficiencies within the business. An area of which has been the compelling reduction in our lead costs. Implementing a more productive marketing and engagement strategy has enabled us to produce double the number of leads with an 85% reduction in budget without changing our core customer journey which is based on transparency, choice and independence.

“We know in general that there’s still a lack of understanding around products and features, therefore some people remain sceptical or have misconceptions about the industry. However, we are changing this. The readership of our educational content also grew 600% on our site vs 2023, and we are driving trust in the market though our marketing campaigns. Therefore, with accessibility and knowledge sharing this information can help the market recover faster.”

 

ERG’s report also identified that equity release applications were the highest within the South East, South West and North West of England, which remained the dominant regions.

 

Mark added: “Our aim is always to push for greater accessibility, transparency and make it easier for people to explore all their equity release options, comparing the market, rates, features and gaining access to whole of market, independent, quality advice.”

 

Equity Release Group have announced multiple new product launches, platform developments, new partnerships and affiliations over the last year and are set to announce further high-profile partnerships, as well as more new hires over the coming months.

News, Software, Tech, Technology

IBM Brings Apptio Product Portfolio to the Microsoft Cloud to Help Organizations Make Informed Technology Planning Decisions

IBM Software Portfolio on the Azure Marketplace Expands Globally

ARMONK, N.Y. – October 29, 2024: IBM (NYSE: IBM) announced today that it is bringing the Apptio portfolio of enterprise agile planning (EAP), IT financial management, and cloud FinOps solutions to Microsoft Azure. In addition, IBM announced their global expansion of IBM Software availability on the Azure Marketplace making it easier for customers to buy software directly on the marketplace while using their Microsoft Azure Consumption Commitment.

As IT leaders grapple with growing technology budgets and managing new generative AI-fueled compute needs, they are facing increasing pressure to prove the value of their investments.

 

Now available on the Azure Marketplace, IBM Targetprocess EAP software helps portfolio managers and finance teams plan and manage budgets and align their workforces across various technology priorities, while applying technology business management (TBM) industry best practices. As a native software-as-a-service solution from IBM’s acquisition of Apptio, Targetprocess integrates with Azure DevOps to provide simplified management, increased efficiencies and potential cost savings by allowing clients to use Microsoft Azure Consumption Commitments.

 

As a leader in IDC’s MarketScape for Worldwide Value Stream Management and Agile Project and Portfolio Management and Gartner’s Enterprise Agile Planning Magic Quadrant, IBM Targetprocess enhances Azure DevOps’ capabilities, providing end-to-end visibility from the team level up. It also supports various Agile frameworks, including SAFe, and offers flexibility to align with each organization’s business practices – providing a single source of truth for tech spend and labor allocation.

 

IBM Expands Software Availability on the Azure Marketplace

IBM is also expanding the global availability of its software portfolio to 14 additional countries on the Azure Marketplace. IBM Software offerings will be available to clients in countries including Australia, Canada, Belgium, Denmark, France, Germany, India, Italy, Netherlands, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

 

The Azure marketplace is a preferred choice for enterprise IT purchases, and IBM offerings on the Azure Marketplace enable customers to purchase software how they want to, while drawing down on their Microsoft Azure Consumption Commitment  investments. This facilitates access to IBM technologies including Aspera on Cloud SaaS, Netezza SaaS, SingleStoreDB SaaS, Streamsets and webMethods Integration Suite.  Additionally, watsonx.ai, watsonx.data and watsonx.governance are available as a customer managed service on the Azure Marketplace.

 

“Thousands of clients are already using the Apptio portfolio to optimize their IT investments, but many of our joint customers need the flexibility to use it on the Microsoft DevOps platform,” said Nick Otto, Head of Global Strategic Partnerships, IBM. “Bringing IBM Targetprocess to the Microsoft Azure Marketplace, along with expanded availability of other IBM Software around the world, enables us to support clients on their digital transformation journey with the ease and simplicity of purchasing on the marketplace.”

 

“Today’s announcement illustrates how IBM and Microsoft are empowering customers to efficiently use IT resources and adapt to evolving tech needs, especially with the rise of cloud-based AI innovation,” said Dinis Couto, GM, GSI Commercial Partners at Microsoft. “Our collaboration will enhance decision-making, increase productivity and enhance IT management for organizations of all sizes.”

 

Microsoft has also agreed to adopt Apptio’s capabilities in parts of their own organization.

 

IBM’s collaboration with Microsoft is grounded in a shared vision for hybrid, multi-cloud business transformation, satisfying customer needs by running the right workloads in the right places. We share a heritage and proven track record of delivering industry first innovations, and IBM is one of Microsoft’s technology and Consulting partners that provide expertise to support many of Microsoft’s product areas.

 

IBM also brings nearly 50 IBM Consulting offerings on the Azure Marketplace. These offerings are available globally and focused on helping clients drive business transformation with hybrid cloud, generative AI, data and application modernization, security services, and tailored industry-specific solutions including IBM Consulting Azure OpenAI, IBM Consulting Connect 360, IBM Consulting Banking Operations GenAI Co-Pilot and IBM Security Strategy Services for Microsoft Azure. IBM Consulting also brings over 50,000 Microsoft certifications and a dedicated team of experts trained in the latest Microsoft technologies to helping clients get the most out of them.

IBM Targetprocess is the first Apptio product on the Microsoft Azure Marketplace. IBM also intends to make IBM Apptio Costing and Planning available in the marketplace in Q4 2024 and IBM Cloudability available to Microsoft customers in the coming year.

 

To learn more about IBM Targetprocess for Azure DevOps, please visit here:

 

To learn more about IBM Software on the Azure Marketplace, please visit here.