Financial Highlights

Cuts to Venture Capital Trust (VCT) income tax relief announced in the Budget risk undermining growth and cancelling out the positive impact to UK businesses from changes to the Enterprise Investment Scheme (EIS), Rathbones, one of the UK’s leading wealth and asset management groups, has warned.

Frozen thresholds will push 2.3m workers into the £100k tax trap by 2029, facing steep marginal rates and major childcare benefit losses.

Rathbones, one of the UK’s leading wealth and asset management groups, today underscored its commitment to creating long-term, values-driven wealth through responsible investment at its inaugural Group-wide Responsible Investment Summit in London, delivered by Rathbones Greenbank, Rathbones’ specialist responsible investment team.

Senior charity executives have warned that almost nine in 10 charities (87%) are being forced to sell assets and cut back on services as a result of continued delays in probate grants.

Rathbones Group, one of the UK’s leading wealth and asset management firms, is bringing new talent into its leadership team to build on its successful integration with Investec Wealth & Investments UK (IW&I) and deliver growth as a leader in UK wealth.

The leaders of one in eight (12%) small and medium-sized enterprises (SMEs) - equivalent to around 680,000 businesses out of the UK’s 5.67 million - are actively planning to relocate themselves, their businesses, or both due to the current tax burden, according to a new poll by Rathbones, one of the UK’s leading wealth and asset management groups.