Majority of young voters consider leaving London due to cost of living December 3, 2025 A majority of young Londoners have considered leaving the capital due to the high cost of living, with one in four actively looking into moving, according to a new survey. Just under half – 47 per cent – of all Londoners have thought about moving out of the capital, with that figure rising to 54 [...]
FTSE 100 Live: OBR chiefs face MP grilling; Food inflation slows December 2, 2025 Good morning and welcome back to the City AM liveblog. The Office for Budget Responsibility (OBR) admitted its “worst failure in the 15-year history” of the fiscal watchdog on Monday. This morning, from 10am, two of its remaining spokespeople will be facing a grilling from the Treasury select committee of MPs. The sensational leak of [...]
Food inflation slows as Black Friday sales dominate shops December 2, 2025 Food inflation in the UK slowed in November after months of significant increases as Black Friday discounts filtered into Britain’s shops. Food inflation decreased to three per cent year on year in November, against growth of 3.7 per cent in October and below the three-month average of 3.7 per cent, according to the British Retail [...]
‘Maximum’ 20p increase for Spoons breakfast next year, says Tim Martin December 1, 2025 JD Wetherspoon will make sure the price of its breakfast doesn’t rise by more than 20p next year, boss Tim Martin said on Monday. The confirmation comes despite serious pressure on hospitality from tax hikes and food costs, with warnings of inflation across the sector. Speaking on LBC radio this morning, Sir Tim Martin told [...]
Budget: Reeves introduces ‘permanently lower’ taxes for retail and hospitality November 26, 2025 Chancellor Rachel Reeves has confirmed she will introduce permanently lower business rates for retail, hospitality and leisure firms, paid for by higher levies on big properties. Retailers have been crying out for business rates reform for years, with concerns that the tax creates an unfair playing field between high street and online firms, which only owe [...]
How the Budget could make your day at the football worse November 24, 2025 In the countdown to the Budget, it’s hard to escape concern from industries ranging from hospitality and retail to fintech or leisure. However, one sector which should not be overlooked is sport. Still feeling the impact from last Autumn, the sport world is readying for further impact come 26 November. And, as with any changes, [...]
Reeves delays Shein import clampdown to 2029 November 22, 2025 Rachel Reeves will wait four years before scrapping a controversial tax break that benefits low-cost foreign retailers such as Shein and Temu, hitting British high street chains who had pushed for immediate action in next week’s Budget. The chancellor has confirmed she will abolish the UK’s ‘de minimis’ rule, which exempts parcels worth under £135 [...]
Keir Starmer remains tight-lipped on stealth tax U-turn November 19, 2025 Keir Starmer refused to rule out introducing tax hikes on British workers despite being challenged on past commitments to unfreeze tax thresholds from 2028. Starmer attempted to deflect opposition leader Kemi Badenoch’s questions as she recited comments he and the Chancellor had made over the last year on pledges not to extend a freeze on [...]
Inflation stays high in pre-Budget warning to Reeves November 19, 2025 Inflation hit 3.6 per cent in the year to October, it has been revealed, in the last set of prices data Chancellor Rachel Reeves will see before a crucial Budget focused on curbing the cost of living. The Office for National Statistics (ONS) said inflation cooled slightly from last month’s figure of 3.8 per cent, [...]
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 [...]