It’s not just LISAs: Stamp duty land tax is a London problem too November 25, 2025 Getting on the property ladder is getting harder and harder for young people. Dwindling housing supply coupled with growing demand for property has left sellers receiving offers significantly above the asking price, with squeezed buyers turning to family members to fund ballooning deposits. But the costs do not end when the keys are handed over. [...]
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? [...]
The FTSE 100’s good year masks a much deeper problem November 24, 2025 The FTSE 100 has had a good year by recent standards. Up nearly 16 per cent, it has outperformed the S&P 500, Nasdaq, Stoxx 600 and Paris’s Cac. What’s more, three new listings in October even suggested that a well-documented dearth of IPOs was coming to an end. But a look below the surface shows [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
FTSE 100 Live: Nvidia invests in Revolut, M&C Saatchi, S4C shares tumble November 24, 2025 Good morning from the City AM liveblog team. Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork [...]
FTSE 100 Live: Asos shares tumble, retail sales drop, Babcock sinks November 21, 2025 Good morning from the City AM liveblog team. With just days to go before the Budget, there is increasing investor nervousness about what surprises could be in-store for businesses. Few are expecting those surprises to be pleasant. Speaking to the paper yesterday, the boss of the world’s biggest platinum group metals recycler warned Rachel Reeves [...]
FTSE 100 Live: AI boom continues, JD Sports update November 20, 2025 Good morning from the City AM liveblog team. Among the least-desired accolades for a company chief executive is to see their firm’s share price rise the moment they announce their departure. Unfortunately for him, the latest exec to have been dealt this honour is the boss of WH Smith, Carl Cowling, who yesterday watched the [...]
FTSE 100 Live: Inflation falls to 3.6 per cent, WH Smith CEO quits November 19, 2025 Good morning and welcome back to the City AM liveblog. Global markets downturn continued on Tuesday, with Europe left swimming in the red. The FTSE 100 closed the day down 1.27 per cent at 9,552 as the boss of Google gave the latest warning on the soaring valuation of tech stocks. Sundar Pichai, the head [...]
Markets will determine whether Reeves has any credibility left November 19, 2025 It’s a regrettable reality that a politician – or an entire government – can limp on for months or even years after losing credibility in the eyes of voters. In contrast, when markets think the credibility is gone the consequences can be much more immediate. Just ask Liz Truss. One week from today, the Chancellor’s [...]
Investors flee UK stocks as Budget jitters echo Liz Truss fiasco November 18, 2025 Fund managers are ditching UK stocks as the fastest pace since Liz Truss and Kwasi Kwarteng panicked markets with the 2022 mini-budget. Global investors have dramatically reduced their risk to UK equities as the Labour government’s second Budget edges closer, where a hefty batch of tax rises are expected to be on the horizon. Rachel [...]