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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wednesday newspaper round-up: Inheritance tax, jobless benefits, Trump

(Sharecast News) - The Treasury is looking at ways to raise more money from inheritance tax amid growing pressure on the country's finances ahead of the autumn budget, sources have told the Guardian. Officials have been tasked with examining whether tightening rules on the gifting of money and assets could be one way of addressing a gap between revenue and spending that is estimated to reach more than £40bn. - Guardian A group of nine human rights and freedom of expression organisations have called on the culture secretary to halt RedBird Capital's proposed £500m takeover of the Telegraph and investigate the US private equity company's ties to China. The international non-governmental organisations, which include Index on Censorship, Reporters Without Borders and Article 19, have written to Lisa Nandy arguing that RedBird Capital's links with China "threaten media pluralism, transparency and information integrity in the UK". - Guardian

Donald Trump told the boss of Goldman Sachs to "focus on being a DJ" after the Wall Street bank warned that the US president's tariff campaign threatened the American economy. In a social media outburst, Mr Trump said David Solomon should "not bother running a major financial institution" as he defended his series of duties on trading partners. - Telegraph

Labour has parked over a million working-age Britons onto jobless benefits that do not require them to look for work, official figures show. The surge since Sir Keir Starmer took office means 3.7 million Britons - or almost half of those currently claiming Britain's main unemployment benefit - are now exempt from finding a job. - Telegraph

Perplexity, an artificial intelligence start-up, is reported to have made an unsolicited offer to buy Google's Chrome browser for $34.5 billion. The bid revealed on Tuesday is unusual because it is almost double Perplexity's own valuation, which is estimated to be $18 billion, according to The Wall Street Journal. - The Times

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Friday newspaper round-up: Shadow banking sector, Soho House, X
(Sharecast News) - The UK Treasury has a "limited grasp" of concerns linked to the booming shadow banking sector and may not be prepared for risks the unregulated industry poses to financial stability, peers have said. While a lack of data makes it hard to say whether the $16tn (£12tn) non-bank financial sector could bring the wider financial system to its knees, officials do not seem to be alive to the potential risks, according to a Lords financial services regulation committee report. - Guardian
Thursday newspaper round-up: Anthropic, commercial landlords, Asda
(Sharecast News) - Anthropic is planning a $10bn fundraise that would value the Claude chatbot maker at $350bn, according to multiple reports published on Wednesday. The new valuation represents an increase of nearly double from about four months ago, per CNBC, which reported that the company had signed a term sheet that stipulated the $350bn figure. The round could close within weeks, although the size and terms could change. Singapore's sovereign wealth fund GIC and Coatue Management are planning to lead the financing, the Wall Street Journal reported. - Guardian
Wednesday newspaper round-up: Venezuela, Faculty, Heathrow
(Sharecast News) - Donald Trump has said Venezuela will be "turning over" $2bn worth of Venezuelan crude to the United States, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts. "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" Trump said in a post online. - Guardian
Tuesday newspaper round-up: Car sales, Claire's Accessories, Nvidia
(Sharecast News) - Insolvent recruitment businesses shorn of their debts then reacquired from administration by the directors or shareholders that presided over their demise are costing the exchequer tens of millions of pounds in lost taxes, a Guardian analysis suggests. The practice of "phoenixism" - the art of liquidating a company and allowing the directors to rise from the ashes with a new entity, free of debts - is estimated by HM Revenue and Customs (HMRC) to have cost taxpayers about £800m a year. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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