Reeves to put brakes on Cycle to Work scheme in blow to City November 13, 2025 Chancellor Rachel Reeves could slam the brakes on the Cycle to Work scheme at the upcoming Budget in a blow to City commuters, it has been reported. The Chancellor is expected to cut tax benefits on salary sacrifice schemes, including in the buying of expensive bikes, according to a report in the Financial Times. “Cycle [...]
UK economy barely grows in third quarter November 13, 2025 The UK economy grew at a more sluggish pace than expected in the third quarter of the year amid a pervasive sense of gloom across the country ahead of the Budget. The Office for National Statistics (ONS) said there was 0.1 per cent GDP growth between July and September, triggering fears among City analysts that [...]
Starmer promised a calmer politics – how’s that working out? November 13, 2025 They say that if you’re explaining, you’re losing. That quote, attributed to Ronald Reagan, came to mind yesterday as I watched Keir Starmer squirm his way through howls of laughter in the House of Commons as he insisted “we are a united team.” This was fish in a barrel stuff for Tory leader Kemi Badenoch, [...]
Reeves’ £28bn wealth fund under fresh scrutiny November 13, 2025 Rachel Reeves’ flagship National Wealth Fund has come under scrutiny after an audit identified “weaknesses” in the multi-billion pound vehicle’s risk controls. An audit of the National Wealth Fund (NWF) pointed to potential failures in the effectiveness of risk, management, governance and internal controls. Whilst the findings from the report confirmed “improvements have taken place”, [...]
Starmer under fire over No 10 briefings against Streeting November 12, 2025 Keir Starmer attempted to distance himself from anonymous attacks made by senior Downing Street officials against health secretary Wes Streeting on Tuesday night, though he defended his “united team” working at Number 10. In an awkward Prime Minister’s Questions for Starmer, the Prime Minister said briefings against Cabinet ministers were “unacceptable”. He said he backed [...]
Rachel Reeves mulls second booze tax hike November 12, 2025 Chancellor Rachel Reeves is considering an increase in taxes on alcohol in line with a higher reading of inflation in a repeat of last year’s Budget, according to reports. Reeves could hike duties by the retail prices index (RPI) inflation rate in a bid to raise more cash to fill an estimated £30bn fiscal hole [...]
Government to reconsider Waspi women compensation claim after new evidence November 12, 2025 The decision not to award compensation to women affected by the rise in state pension age will be reviewed, the Work and Pensions Secretary has said, after new evidence came to light. Pat McFadden confirmed the decision will be reconsidered and the government will withdraw from the judicial review brought by the Women Against State [...]
Bond markets ignore Starmer briefings and Westminster gossip November 12, 2025 Bond markets shrugged at Keir Starmer’s team’s attacks against Cabinet ministers and Westminster gossip suggesting a leadership contest was emerging after investors were dragged into briefing wars. On Tuesday night, a briefing war erupted in Westminster as Keir Starmer’s allies told journalists that there would be a rout in the bond markets if the Prime [...]
Three quarters of Brits think UK ‘heading in wrong direction’ as Budget looms November 12, 2025 The UK is heading in the wrong direction, most Brits believe, in the latest sign of rising gloom about the state of the country’s economy. A City AM/Freshwater Strategy poll has shown that 76 per cent of voters are pessimistic about the future of the country, the highest level of pessimism recorded since our polling [...]
Trade wars turn demand for global tax advisers in £50bn market November 12, 2025 The global tax advisory growth rate for 2025 is expected to nearly double last year’s rate, driven largely by the policies of the US President Trump’s administration, including trade wars and tariffs. According to a new report by research-led advisory firm Source Global Research, the market value for tax advisory services is forecasted to reach [...]