Autumn Budget: Pay-per-mile tax ‘completely wrong move’ November 26, 2025 Chancellor Rachel Reeves has hit electric vehicles with a pay-per-mile tax which will cost the average driver £255 per year and raise £1.1bn for the Treasury. Reeves delivered the expected 3p pay-per-mile tax for electric vehicles (EVs) at today’s Budget, which she framed as a fairness measure to balance the costs facing drivers. The OBR, the independent fiscal [...]
Lime squeezes London riders with quiet price hike November 24, 2025 Lime has quietly raised the cost of its London e-bike rentals, City AM understands, increasing its per-minute rate from 29p to 31p, a seven per cent jump, without notifying customers. The price of its 30-minute ride bundle has also risen sharply from £3.99 to £4.49, an increase of just over 12 per cent. For regular [...]
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 [...]
Eurotunnel ‘pursuing legal process’ with government over business rates November 20, 2025 The firm behind the Channel Tunnel train will pursue legal action against a UK government agency and pull out of all its future investment in Britain unless plans to triple its business rates bill are aborted. Eurotunnel is poised to scrap its multimillion-pound plans to revive a major freight terminal in east London and cancel [...]
Reeves to give go-ahead to DLR Thamesmead extension at Budget November 20, 2025 Rachel Reeves is set to give the green light to a proposal to extend the Docklands Light Railway to Thamesmead in a major expansion of London’s transport network. The move, which would mark the first extension to a London train line since the Overground extension to Barking Riverside in July 2022, promises to create 10,000 [...]
Firstgroup doubles down on open access expansion despite DfT concerns November 18, 2025 Firstgroup has doubled down on its open access expansion plans as the transport business defied government concerns over the scheme. The FTSE 250 firm said it was “focused on growing” its operations in open access, an arrangement under which private rail operators will continue to run services after the nationalisation of all major routes as [...]
Mixed shareholder reaction after huge £5.3bn FTSE 250 infrastructure merger November 17, 2025 Shareholders of two of the UK’s biggest infrastructure funds have had mixed reactions after the firms reached an agreement to merge in a blockbuster £5.3bn deal. FTSE 250-listed HICL Infrastructure and The Renewables Infrastructure Group (TRIG) said they had signed heads of terms on the business combination, in a move that will see voluntary winding [...]
Jaguar Land Rover: JLR loses almost £500m after cyber attack November 14, 2025 Jaguar Land Rover (JLR) lost almost £500m during the second quarter of its financial year as it battled the most expensive cyber attack in British history. The automotive giant has reported a loss before tax and exceptional items of £485m for the three months to 30 September, 2025. The figure compares to a profit of [...]
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 [...]
London Councils urge e-bike firms to stick to borough contracts November 13, 2025 The group London Councils has called on e-bike operators to respect local contracts and act “responsibly”, as friction deepens between boroughs and rental bike companies over parking and safety standards across the capital. The organisation, which represents London’s 32 boroughs and the City of London, warned that some firms continue to operate in areas without [...]