FTSE 100 Live: Pound braces for painful Budget; Kingfisher shares lead rally November 25, 2025 Good morning from the City AM liveblog team. At long last, we are just one day away from the Budget, in which Rachel Reeves is expected to unveil tens of billions of pounds in tax rises. This despite the fact that she promised taxes wouldn’t go up after last year’s hikes. Who is to blame? [...]
Labour’s inheritance tax raid hurts all family businesses, not just rich farmers November 25, 2025 Family businesses like mine are the lifeblood of the economy, but Labour's inheritance tax changes will break them apart, writes Nick Showering.
Gambling industry will see job losses if taxes hiked, Chancellor warned November 25, 2025 The gambling industry and high street could be hit with job losses if the Chancellor hikes taxes on betting, the Betting and Gaming Council has warned. Rachel Reeves is expected to target so-called “sin taxes” at Wednesday’s budget, alongside a number of other areas – from ISAs to income tax thresholds to VAT – to [...]
Reeves wants to protect today’s poor by ruining all our tomorrows November 25, 2025 If Reeves really cared about the less well off, she would understand they can only be protected with an affluent society, writes Ewen Stewart.
There’s nothing new in Zack Polanski’s fantasy economics November 25, 2025 Let’s go for a lyrical opening to this column: “The newspapers shout a new style is growing, but I don’t know if it’s coming or going, there is fashion, there is fad, some is good, some is bad, and the joke – rather sad – that it’s all just a little bit of history repeating.” [...]
Ex-OBR chiefs: Reeves was warned about productivity downgrade November 25, 2025 Chancellor Rachel Reeves was warned about costly productivity downgrades and should have left a bigger fiscal headroom at the Spring Statement, former Office for Budget Responsibility (OBR) officials have said. Speaking to City AM, a number of leading economists raised questions around Reeves’ statements suggesting an OBR review of productivity trend forecasts has forced her [...]
Security minister vows stricter cyber regime after JLR fallout November 24, 2025 Security minister Dan Jarvis has pledged a more hard-edged cyber regime for UK businesses after a series of high-profile attacks on firms including Jaguar Land Rover (JLR) and Marks & Spencer exposed weaknesses in the country’s digital defences. Speaking at the Parliament & Cyber Conference at Westminster on Monday, Jarvis said cyber incidents had moved [...]
Government to back ‘gold-plated’ Heathrow expansion November 24, 2025 The government is poised to plough ahead with a controversial £49bn plan to build a third runway over the M25 proposed by the owner of Heathrow airport, despite warnings from airline bosses that it will make the hub more expensive and the construction process considerably more complicated. Transport secretary Heidi Alexander will confirm the decision to [...]
Fund managers remain bullish amid private credit fears November 24, 2025 Fund managers are bullish heading into the next financial year, despite growing fears over the private credit market and the burst of the AI bubble. According to the latest investor trends survey from wealth manager Quilter, on a scale of one to 10, the average fund manager’s risk appetite increased from 5.4 to 5.9 in [...]
CBI chair condemns ‘incoherence’ of Labour’s Employment Rights Bill November 24, 2025 Rupert Soames, the outgoing chair of the Confederation of British Industry, has lambasted the Labour government for promising to cut regulatory burdens while pushing ahead with its Employment Rights Bill and adding to the cost of hiring. In a closing speech at the CBI’s annual conference on Monday, Soames questioned the government’s performance and “flakey [...]