Will today be a big day for the UK Economy?
Taking Stock on Wednesday 22nd November 2023
Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:
Will today be a big day for the UK Economy?
Autumn Statement: Jeremy Hunt to ‘get Britain growing’ with 110 pro-business measures
Jeremy Hunt will announce 110 pro-growth measures in today’s Autumn Statement, with ‘full expensing’ at the heart of his plans to boost UK investment.
The plans will, the Chancellor says, “get Britain growing” and boost investment by £20bn a year.
Full expensing allows firms to deduct spend on new technology and equipment from taxable profits. The scheme is already in place but had been due to expire, but the Chancellor is expected to instead put the policy on the books for good.
Other policy measures which may get an airing include personal tax cuts.
The Chancellor is also expected to recommit the government to the Mansion House compact, which will see pension funds incentivised to invest in fast-growing British companies rather than the bond market.
Companies discussed on “Taking Stock” today:
03:50 Ilika #IKA
09:00 Capita #CPI
10:23 Atlantic Lithium #ALL
12:14 Ten Lifestyle Group #TENG
15:20 CleanTech Lithium #CTL
16:48 Sigmaroc #SRC
18:00 Sage #SGE
20:25 Invinity Energy Systems #IES
22:00 AssetCo
22:02 Silver Bullet Data #SBDS
22:30 Good Energy #GOOD
22:55 Polarean #POLX
24:30 CAP-XX #CPX
25:40 Quadrise #QED
26:35 Tremor International #TRMR
27:00 Pebble Group #PEBB
27:06 Plant Healthcare #PHC
27:08 Greenroc Mining #GROC
27:09 Parity Group #PTY
27:11 Victora #VCP
TOP BUSINESS STORIES
Sam Altman: Ousted OpenAI boss to return days after being sacked
OpenAI co-founder Sam Altman will return as boss just days after he was fired by the board, the firm has said.
The agreement "in principle" involves new board members being appointed, the tech company added.
Mr Altman's sacking on Friday astonished industry watchers and led to staff threatening mass resignations unless he was reinstated.
"I am looking forward to returning to OpenAI," Mr Altman said in a post on X, formerly Twitter.
Binance CEO Changpeng Zhao steps down - and pleads guilty to criminal charges
The founder of the world's largest crypto exchange has stepped down - and pleaded guilty to breaking anti-money laundering laws.
Changpeng Zhao's shock departure from Binance comes as part of a $4bn (£3.2bn) settlement that has been reached with US regulators.
It is the culmination of a multi-year investigation into the trading platform, and the billionaire - known as "CZ" - is set to be sentenced next year.
The case bears similarities to the collapse of FTX, which was the world's second-largest exchange - and Sam Bankman-Fried was found guilty on fraud charges earlier this month.
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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.