Investors focus on securing family’s financial future ahead of tax changes September 9, 2025 UK investors are prioritising passing on their wealth to family members in order to avoid the damage of looming tax raids, fresh research has found. Over 50 per cent of people approaching retirement ranked passing on wealth as a top priority, up from 32 per cent in 2023, according to a survey from BRI wealth [...]
Budget 2025: Lloyds, Natwest and Barclays brace for a tax raid? September 1, 2025 Ahead of the 2024 Autumn Budget, Prime Minister Sir Keir Starmer warned Labour’s first fiscal event was “going to be painful”. He added those with the broadest shoulders “should bear the heavier burden” as Chancellor Rachel Reeves battled against an alleged ‘£22bn black hole’ inherited from the Conservative government. After lobbying efforts, banks were spared [...]
Thousands face fines after HMRC misses CGT update August 29, 2025 Tax experts have warned that “tens of thousands” of people could fall foul of penalties this year after tech issues left HMRC’s online filing system unable to properly reflect the recent changes to capital gains tax as implemented in Rachel Reeves’ first budget last year. The chancellor’s Autumn Budget increased CGT rates on disposals of [...]
Butlin’s boss: We’re not going to tax ourselves to success August 26, 2025 The chief executive of holiday park chain Butlin’s has hit out at Chancellor Rachel Reeves after saying increases taxes on businesses is not the way to improve the UK economy. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, Jon Hendry Pickup said the country is “not going to tax ourselves to success” [...]
Inheritance tax crackdown will not spark family farm firesale, study finds August 14, 2025 Most farmers will be able to shoulder the inheritance tax bill foisted on them by the Treasury at last autumn’s Budget without having to sell their family farm, according to a fresh analysis which also proposed new ways the reforms could be “better targeted.” The paper, from independent tax think tank the Centre for the [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget August 13, 2025 Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
Iceland in the red as Rachel Reeves’ tax raid forces prices higher August 8, 2025 Iceland has warned it is being forced to increases prices because of Chancellor Rachel Reeves’ tax raids as the supermarket chain fell into the red. The Flintshire-headquartered said that while it is “doing our utmost” to offset increasing costs arising from last year’s Autumn Budget, it will “inevitably have to pass some of these on [...]
Wilkin & Sons: King’s jam maker returns to profit despite Reeves’ tax hikes July 11, 2025 Wilkin & Sons, the historic jams maker which supplies King Charles, has returned to profit despite the “significant strain” Chancellor Rachel Reeves’ Budget put on its finances. The Essex-headquartered business, which is behind the Tiptree brand, said the “continued increased in National Minimum Wage” impacted its bottom line while high energy costs also hit its [...]
Rachel Reeves warned against piling on small business tax pain July 8, 2025 As Rachel Reeves circles new avenues to boost tax receipts, the Chancellor has faced a fresh warning to ease the pain for small businesses. Businesses have called for Reeves to reverse her Autumn Budget tax hikes and ease the burden for firms as they suffer the crunch of economic uncertainty. One in five small- and [...]
Farmers demand judicial review of inheritance tax grab June 24, 2025 A group of farmers and business owners are seeking a judicial review of the government’s contentious inheritance tax raid, arguing there should have been a public consultation before the policy was confirmed. The claim, which was served to the Chancellor and HMRC on Tuesday, does not seek any concrete changes to the overhaul but alleges [...]