Pat McFadden says lifting two-child benefit cap must be budgeted September 24, 2025 Work and pensions secretary Pat McFadden has conceded that any plans to lift the two-child benefit cap must be “budgeted” amid growing calls from key Labour figures for the Tory-era policy to be scrapped. McFadden warned Labour backbenchers that any commitment to lift the cap would have to be funded by higher government revenue. “Everything [...]
Rachel Reeves urged to reconsider Labour manifesto tax pledges September 24, 2025 Chancellor Rachel Reeves has been warned that tweaking small levies and relying on the wealthy to contribute to the state would hinder growth as another prominent report has called for Labour manifesto commitments to be reversed. In a report by the Institute for Government (IfG), Labour strategists were criticised for the party’s “original sin” of [...]
Ed Davey claims Farage will make UK ‘Trump’s America’ September 23, 2025 Ed Davey told Lib Dem members that Nigel Farage would make the UK “Trump’s America” if he were elected prime minister, with claims that Reform would destroy the NHS and roll back gun laws among the main messages made by the Liberal Dem’s leader in his conference speech. Speaking to the party faithful in Bournemouth, [...]
Revolut pumps £3bn into the UK financial services sector September 23, 2025 London-born fintech juggernaut Revolut has capped off a hefty week of investment for the UK financial services sector as the firm officially launched its global headquarters. The digital bank said it would pump £3bn into the UK and create 1,000 highly-skilled jobs over the next five years. The fresh injection of capital follows asset manager [...]
Bank of England’s Pill: We should not have slowed QT bond sales September 23, 2025 The Bank of England’s chief economist has hit out at colleagues’ recent decision to slow sales of the central bank’s government debt stockpile, warning it risked papering over underlying drivers of spiking government borrowing costs and causing a “more painful” crisis in the future. In a speech delivered in Geneva, Huw Pill told delegates that [...]
Startups tell Labour to snatch talent ‘displaced’ by Trump’s H-1B fee September 23, 2025 An entrepreneur campaign group backed by executives at top UK businesses has urged the Labour government to re-design its Global Talent visa to take innovators “displaced” by President Trump’s radical changes to the H-1B visa. The Startup Coalition has urged Home Office officials to change its Global Talent visa to help individuals re-locate from the [...]
OECD: Taxes and tariffs to damage UK economy September 23, 2025 Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above all other countries other than the US. The OECD’s latest update on the state of the global economy said the UK’s “tighter fiscal stance” means [...]
UK economy stalls with 50,000 job losses ahead of Autumn Budget September 23, 2025 The UK economy was hit by a “litany of worrying news” in the three months to September with thousands of jobs lost ahead of Rachel Reeves’ second Autumn Budget. The latest ‘flash’ PMI from S&P Global showed business activity expectations for the year ahead slumped to a three-month low in September as firms braced for [...]
Rachel Reeves told to cut national insurance and raise income tax to gain £6bn September 23, 2025 Chancellor Rachel Reeves has been told to cut national insurance for workers by two per cent and raise income tax by the same amount, with economists at a left-leaning think tank claiming a £6bn gain in revenue could be made. The Resolution Foundation, once the workplace of Treasury ministers Torsten Bell and Dan Tomlinson, has [...]
Infrastructure could be rare success story for Labour September 23, 2025 The decision to allow a second runway at Gatwick is entirely sensible and most welcome. As the Chancellor said yesterday on her visit to the airport, the development “will mean that people going on holiday will have a greater choice of destinations [and] it will mean lower costs for a family holiday.” More importantly, she [...]