Budget: Blow to investors and startups ‘hidden’ in small print November 26, 2025 A blow to investors and early-stage businesses has been revealed in the small print of Rachel Reeves‘ Budget. The tax relief available on venture capital trusts has been slashed, according to the full Budget document released by the Treasury following Reeves’s speech in the House of Commons. While the venture capital trusts’ annual and lifetime [...]
The pension triple lock won’t ‘last forever’, warns Labour MP November 26, 2025 A Labour MP has admitted that the pension triple lock won’t “last forever”, as the Budget fails to mention an end to the controversial scheme. Speaking live to City AM‘s Christian May and Alys Denby, Chris Curtis, MP for Milton Keynes North, said that the “triple lock inevitably cannot last forever”. He said: “That is [...]
Budget: ‘Tax on holidays’ slammed by Butlin’s boss November 26, 2025 The chief executive of Butlin’s has slammed Rachel Reeves for introducing a ‘tax on holidays’ in her Budget today. Jon Hendry Pickup has argued that “hospitality businesses like Butlin’s remain caught in the crossfire of the Chancellor’s tax and spend ideology”. The chief executive was reacting to the ‘tourism tax’ which has been welcomed by [...]
Autumn Budget: Professional services sector dodged ‘damaging’ tax hikes November 26, 2025 The professional services sector breathed a sigh of relief after dodging tax hikes on LLPs in Rachel Reeves’s Autumn Budget. It was rumoured that Reeves was looking to add a layer of tax on limited liability partnerships (LLPs), a move that sparked a flurry of anger from the broader professional services industry, including the legal [...]
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 [...]
Reeves’ income tax decision to hit wealth creators, warns Castore CEO November 26, 2025 The co-founder of sportswear brand Castore has hit out at Chancellor Rachel Reeves for freezing income tax thresholds as a “way of delaying the inevitable impact for entrepreneurs and wealth creators”. Tom Beahon, who leads the Manchester-headquartered company alongside his brother, added that “you can’t build a growth economy by disincentivising risk taking”. Announced in [...]
Autumn Budget: Cash ISA tax free allowance slashed to £12,000 November 26, 2025 In a major policy shakeup, Chancellor Rachel Reeves has confirmed a slash to the cash ISA ceiling but over 65s will retain the full allowance. After weeks of speculation, Reeves confirmed the ceiling will be cut from £20,000 to £12,000 as of April 2027, as part of her bid to stop people from hoarding cash [...]
Autumn Budget: Dividends set to be subject to tax hike November 26, 2025 Dividends are set for a tax hike next year, in a move that could potentially push people away from investing in the stock market. Individuals who take dividends from a company or who earn dividends from shares pay different tax rates according to the income tax band they fall under. From April 2026, a two [...]
OBR accidentally publishes full Budget before Reeves speech November 26, 2025 The government will freeze income tax thresholds, implement a mansion tax and freeze fuel duty according to an unprecedented leak from the government’s fiscal watchdog that revealed its full scorecard for the Budget update before the Chancellor delivered her speech. The Office for Budget Responsibility released its full report on the government’s fiscal plans for [...]
Budget: Income tax thresholds frozen by Rachel Reeves November 26, 2025 Income tax thresholds will be frozen until the end of the decade, despite the Chancellor previously branding the tax trick as a “stealth tax” tantamount to “pickpocketing”from working people. According to the OBR’s unprecedented leak of Budget contents, the Chancellor chose to freeze the bands at which different rates of income tax are introduced for [...]