Andrew Bailey slams Trump’s ‘dangerous’ threats against US Federal Reserve September 3, 2025 Bank of England Governor Andrew Bailey has said he is “very concerned” about President Trump’s threats against the US Federal Reserve. In a hearing before the Treasury Select Committee, Bailey said the threat to the Fed’s independence was a “very serious situation”. The Governor said he was worried about attempts to “trade off” monetary and [...]
UK economy on ‘much stronger footing’ as growth hopes rise September 3, 2025 The UK economy is expected to accelerate as leading survey data for August showed the services sector on a “much stronger footing”, according to researchers. Chancellor Rachel Reeves has pledged to put “working people” at the heart of plans for the Autumn Budget, which has been announced for 26 November. Businesses will be hoping expected [...]
Hospitality bosses join Tories in opposition to Labour government September 3, 2025 Hospitality bosses have joined the Conservatives in condemning the Labour government for introducing higher taxes on businesses, rolling out red tape on employment and excluding the sector from growth strategies. Managers at pubs, restaurants and hotels across the UK have warned that the government’s taxes and regulations risk devastating the important sector. Now the Conservatives [...]
Bond traders hit out at ‘chorus’ of high tax advocates in No 10 September 2, 2025 Bond traders have hit out at the “chorus” of Westminster voices advocating for higher taxes as government borrowing costs soared to the highest level seen this century. Gilt yields, which feed into the cost the government will have to pay bondholders through debt interest payments, soared to their highest level since 1998, with the interest [...]
Budget 2025: Banks to ‘bear the brunt of higher taxes’ September 2, 2025 UK banks will be the top target as Rachel Reeves looks to drum up cash in the Autumn Budget, a top economist has said. Chatter around a cash grab directed at banks has escalated over the last week after left-wing think tank the Institute for Public Policy Research (IPPR) proposed that the Chancellor raid the quantitative easing [...]
Home Office contractor proposes investor visa for ‘business angels’ September 2, 2025 A Home Office contractor has put forward plans for an investor visa to be re-introduced as advisers claimed a targeted entry route for wealthy foreign nationals would be “dramatically beneficial” for the UK economy. Envestors, an investment service that assesses entrepreneurs applying to enter the UK via the innovator founder visa, has argued that a [...]
Brits set their sights on affording comfortable retirement September 2, 2025 British adults have set their sights on affording a luxury retirement, but rising costs have soured some saver’s hopes. Nearly 8m Brits have made securing a comfortable retirement their main financial priority, according to research from consumer banking business Chase. A comfortable retirement allows more financial freedom and luxuries, such as holidays and greater non-essential [...]
Keir Starmer’s approval rating sinks to record low September 2, 2025 Keir Starmer’s approval ratings have hit a record low, a City AM/Freshwater Strategy poll has shown, as pressure mounts on the government ahead of the Budget. Research by City AM and the advisory firm Freshwater Strategy has highlighted the growing discontent among voters over the UK government’s poor performance after a year in office. Starmer’s [...]
Starmer seeks to relaunch as approval rating hits fresh low September 2, 2025 Keir Starmer has launched a dramatic shakeup of his Downing Street team as he hails the “second phase” of his government amid dire poll ratings and a sluggish economy. The Prime Minister has beefed up Number Ten’s economic muscle, bringing in his Chancellor’s top minister, Darren Jones, to fill a newly created position alongside a [...]
Keir Starmer puts Treasury manpower in No 10 at expense of Reeves September 1, 2025 Keir Starmer has made a series of new appointments that point to his drive to bolster No10’s focus on the UK economy at the expense of the Treasury. Starmer has given Darren Jones the newly-created position of chief secretary to the prime minister after he previously served as the chief secretary to the Treasury. In [...]