Lord Turner’s crypto scepticism is painfully out of touch Opinion In an interview with City AM, Lord Adair Turner compared buying crypto to buying tulips in 1635. Bepi Pezzulli writes a rebuttal.
Exclusive: Industry chiefs warn Reeves not to hit business after income tax U-turn Business The Chancellor must not rely on businesses to plug the gaping fiscal gap left by Thursday’s income tax U-turn, a group of industry body chiefs has warned a year after UK firms were forced to stomach much of the £40bn of tax hikes at Labour’s maiden Budget. In an unusual combined intervention, bosses from five [...]
Autumn Budget: What does the income tax U-turn mean for your salary? Wealth In a major U-turn, Chancellor Rachel Reeves’ is understood to have ripped up plans to hike income tax in the looming Autumn Budget. Reeves was poised to hitch up income tax by 2p at the end of the month, whilst cutting national insurance – for lower earners – by the same amount. While the decision [...]
Lloyds and Natwest shares fall in ‘perfect combination’ of fears November 14, 2025 Lloyds and Natwest shares were among the top fallers on the FTSE 100 index on Friday as a combination of fears weighed upon City stocks. The FTSE 350 bank index lost 2.17 per cent over the course of the day amid a widespread sell off across the blue-chip index. The FTSE 100 fell 1.1 per [...]
Rachel Reeves panics markets by ditching plans for income tax hike November 14, 2025 Rachel Reeves is understood to have scrapped plans to break Labour’s manifesto and hike income tax in the forthcoming Autumn Budget. The Chancellor was poised to hike income tax by 2p whilst cutting national insurance by the same amount in a move that would break Labour’s pledge to not raise taxes on ‘working people.’ Over [...]
Allianz Achieves Record Results and Expects a Full-Year Operating Profit of at Least 17 Billion Euros November 14, 2025 3Q 2025 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251113803211/en/ Double-digit growth in operating profit and shareholders’ core net income Total business volume rises 5.21 percent with contributions from all segments Operating profit increases 12.6 percent to 4.4 billion euros, with particular strong contribution from the Property-Casualty segment Shareholders’ core net income [...]
FTSE 100 Live: Income tax U-turn throws Budget into chaos November 14, 2025 Welcome back to the City AM markets liveblog. Government fiascos are the story of the week and each one is sending ripples across markets. Whilst earlier this week it was a Westminister briefing war with Downing Street appearing to turn on its own out of leadership threats, today it is the Treasury in the hot [...]
‘Death by a thousand cuts’: Possible booze tax hike slammed November 14, 2025 The hospitality industry has slammed a possible tax hike on wine and spirits, arguing that it would be a “depressing prospect” for the struggling sector. Chancellor Rachel Reeves is considering a 4.5 per cent increase in taxes on alcohol in line with a higher reading of inflation, according to reports. “We’re all fed up with [...]
Businesses back themselves – but does their government? November 14, 2025 Three-quarters of SME leaders are confident about their own growth prospects heading into 2026, yet only 39 per cent trust the government to create conditions for that growth to happen, says Mike Hackett Here’s the paradox keeping Britain’s economy afloat: three-quarters of SME leaders are confident about their own growth prospects heading into 2026, yet [...]
Carrot, not stick will get pension savers to back UK firms November 14, 2025 If we want to encourage pension savers to back Britain, we should reward them for doing so, says Michael Healy In two weeks, the Chancellor will finally put pension savers out of their misery and reveal just what kind of raid she’s planning. Much of the backlash has focused on reports of cuts to the [...]