Goldman Sachs: Tax increases will not improve public finances September 10, 2025 Chancellor Rachel Reeves has been warned by a leading Wall Street bank that hiking taxes later this year will not improve the state of public finances. Reeves is widely expected to raise taxes by at least £20bn at this year’s Autumn Budget, with property owners, gambling companies and pension pots likely to be hit with [...]
Rayner scandal piles pressure on HMRC as tax surveillance force swells September 9, 2025 HMRC has increased the number of staff trained to physically monitor suspected tax evaders, as pressure mounts over Angela Rayner’s £40,000 stamp duty scandal. Official figures, obtained via Freedom of Information (FOI) and shared with City AM, show that 337 staff are now trained in covert surveillance, up from 171 people two years ago, in [...]
Kemi Badenoch: Labour presiding over ‘tax doom loop’ September 9, 2025 Opposition leader Kemi Badenoch has accused the Labour government of leading the UK into an economic crisis of low growth and high spending, as she urged the government to prioritise deep welfare cuts over increasing taxes at the Autumn Budget. In a speech delivered to the Institute of Chartered Accountants’ Hall, Badenoch called out the [...]
Race for Labour deputy reignites wealth tax debate September 9, 2025 Labour’s Islington South and Finsbury MP Emily Thornberry has thrown her hat in the ring for Labour deputy leader and proposed a new wealth tax as part of her campaign, prompting Chancellor Rachel Reeves to strike down calls by ruling out its introduction. Thornberry, the former shadow foreign secretary under Jeremy Corbyn’s leadership who now [...]
UK economy dubbed ‘stagflation-lite’ as Starmer talks up ‘patriotic’ growth mission September 9, 2025 The UK economy is not expected to have recorded any growth in the month of July as leading analysts suggest that a lack of clarity over Labour’s future policies are hitting firms – despite a call from the prime minister for ministers to take on a “patriotic duty” to drive growth. Rachel Reeves and Keir [...]
Starmer’s new team faces same old problem September 9, 2025 Good news from Downing Street as we’re told that economic growth is back on the agenda. Keir Starmer’s revamped cabinet meets for the first time today and the prime minister will apparently tell this bright new team to “step up a gear” and focus on the economy. The briefings that accompanied the wave of new [...]
Meet the new ministers driving Labour’s latest growth mission September 9, 2025 A £25bn fiscal black hole, fading housebuilding hopes and lacklustre productivity growth marked a troublesome end to the first year in office for the new occupants of Downing Street this summer. While the resignation of Angela Rayner – the popular Labour figure who had called for the Treasury to turn left and tax the wealthy – [...]
Brits resort to ‘job-hugging’ as tax hikes bite September 9, 2025 Workers are now resorting to ‘job-hugging’ after last year’s Labour tax raid had a chilling impact on the UK jobs market. The £40bn cash grab, unveiled by Rachel Reeves in last year’s Autumn Budget, has triggered a significant slowdown in hiring and has resulted in substantial job losses nationwide. As a result of these changes, [...]
Sadiq Khan accused of avoiding public over tube strikes September 9, 2025 Sadiq Khan has been accused of hiding from the public amid ongoing tube strikes hitting Londoners and commuters, with costs on businesses projected to rise above £100m. The Mayor has faced heavy criticism over the lack of public comments made in response to the tube strikes, with union bosses holding firm on radical demands to [...]
Reform promise to scrap ‘insane’ Northern Powerhouse Rail September 8, 2025 Reform UK has pledged to scrap Northern Powerhouse Rail (NPR), labelling the project “insane” ahead of a major announcement by the Labour government in the coming weeks. Richard Tice, in a forward to a report by centre-right think tank Policy Exchange, told companies considering bidding for contracts to build NPR that they should “not bother” [...]