Reeves to rush pension tax raid into law to calm nervous markets November 28, 2025 Chancellor Rachel Reeves is to rush through laws to enact her Budget, in a bid to reassure nervous markets that tax increases will be implemented even if they are not set to take effect for several years. Legislation to raise tax on pension contributions made through salary sacrifice schemes is expected to be introduced before Christmas, according [...]
FTSE 100 Live: London house prices fall amid Budget jitters November 28, 2025 Welcome back to the City AM liveblog. Markets were still digesting the twist, turns and taxes of the Autumn Budget on Thursday, with ministers taking to the media to defend the £26bn cash raid. A number of businesses began weighing in, including Britain’s bookies, which were in the firing line when Reeves took to the [...]
British founders dodged an exit tax – and bagged a few wins instead November 27, 2025 Startup founders went into this week’s Budget in a state of quasi-panic. Rumours of a so-called ‘exit tax’ on wealthy individuals, fuelled by weeks of speculation, sparked fears that Britain was about to hurt its own ecosystem. Far from taxing entrepreneurs on the way out, Rachel Reeves used her second Autumn Budget statement to shower [...]
Mansion tax is an ‘assault’ on London’s property market November 27, 2025 The UK’s new ‘mansion tax’ is set to hit homeowners in London hard, particularly for middle-class Londoners who have seen the price of their property balloon in the last two decades. Chancellor Rachel Reeves introduced a new high-value council tax surcharge for owners of properties valued at over £2m in her second Budget on Wednesday. [...]
Reeves criticised over lack of action on ballooning clinical negligence costs in Budget November 27, 2025 A leading medical defence organisation has criticised the Chancellor for missing the opportunity to tackle the ‘eye-watering’ NHS clinical negligence bill. In a statement following the Budget, Tom Reynolds, director of policy and communications at Medical Defence Union (MDU), explained that the “current system has led to legal fees ballooning to nearly four times the [...]
Banks keep up their end of Rachel Reeves’ tax bargain November 27, 2025 The banking industry has given Rachel Reeves some much-needed ammunition as she attempts to defend her tax-heavy Autumn Budget. After being spared from a highly-anticipated cash grab, a fleet of banks announced a fresh pump of capital in the UK economy. Britain’s largest retail bank Lloyds Banking Group unveiled £35bn of new finance for 2026 [...]
UK markets need radical reform, not the Chancellor’s endless tweaks November 27, 2025 ISA reform and stamp duty relief are sticking plasters for a stock market that needs major surgery, writes Tim Focas.
FTSE 100 Live: Entain, Flutter sound alarm in Reeves’ tax raid aftermath November 27, 2025 Good morning and welcome back to the City AM liveblog. The dust has settled on the Labour government’s second Autumn Budget and Brits have been left reeling from a £26bn tax raid. Taxes collected as a share of GDP are set to jump to an all-time high in the coming years, according to the Office [...]
Thanks to Reeves, our economy is now a 20 mile per hour zone November 27, 2025 If, on Wednesday morning, you’d asked me how this entire Budget process could ever get more chaotic and absurd I might have said “I suppose the entire thing could leak, before the Chancellor delivers it.” Then again, I probably wouldn’t have suggested such an implausible scenario. But at 11.44am yesterday morning, just ten minutes before [...]
Budget 2025: Rachel Reeves announces £26bn tax raid November 26, 2025 Chancellor Rachel Reeves has announced an avalanche of tax rises on the wealthy and on working people, adding up to £26bn to fund extra spending over the next five years, as she vowed to make the country more “secure”. Her biggest announcement included freezing income tax and national insurance thresholds until 2031 to raise £11bn [...]