These stocks are likely to gain from the UK’s major budget announcement, analysts say

The U.K.'s new Labour government unveiled a debut budget plan that includes £40 billion worth of tax rises and even bigger spending plans. Wall Street and City analysts have identified several stocks that could benefit from the measures announced Wednesday. Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. Online gambling Shares of U.K.

Ordinarily, we would have considered lowering our 14% on the banks for this," Jefferies analysts said. Asset managers Pension contributions in Britain will now fall within the purview of the inheritance tax regime, which is set at 40%. The change will likely mean that wealthy retirees are likely to run down their pension pots first before dipping into other savings to minimize taxes paid, according to Jefferies.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Selfridges owner secures major investment from Saudi Arabia’s Public Investment FundThailand’s Central Group, the majority shareholder, has accepted a deal that grants its new partner a 40 percent stake in the British luxury department store chain.
Bron: LuxuryDaily - 🏆 325. / 59 Lees verder »

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost resultsWall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Found: The Perfect Investment-Worthy Bag at a Major DiscountSize: 14”W x 16″H x 6″D with a 10″ strap drop | Colors: 1 (Ink) | Material: Genuine leather
Bron: iamwellandgood - 🏆 462. / 53 Lees verder »

Britain hosts an international investment summit and denies snubbing Elon MuskBritain’s new Labour Party government is announcing billions of pounds in investment in U.K. artificial intelligence, life sciences and infrastructure at a business summit.
Bron: wjxt4 - 🏆 246. / 63 Lees verder »

How Texas investment in Latin America could help deter migrationThe Inter American Development Bank and the Biden administration are trying to attract U.S. investment to Latin America to break the cycle of poverty and crime.
Bron: ExpressNews - 🏆 519. / 51 Lees verder »

Sui Foundation’s Latest Strategic Investment: ARTTOO, a Fine Art RWA Project on SuiCrypto Blog
Bron: Crypto_Potato - 🏆 568. / 51 Lees verder »