Budget: Stealth tax raid making some earners £3,800 worse off November 26, 2025 Freezing income tax thresholds is set to make a worker earning the median wage as much as £2,310 worse off had the measure never been introduced as Chancellor Rachel Reeves looks set to unleash a stealth tax raid at the Autumn Budget. Analysis by Quilter has revealed that extending the current freeze alone will add an [...]
Jeremy Hunt issues Budget warning to Rachel Reeves November 26, 2025 Former Chancellor Sir Jeremy Hunt has issued a warning to Rachel Reeves hours before the Budget and revealed what he is most worried his successor will announce later today. The Conservative MP, who held the role under Liz Truss and Rishi Sunak from 2022 to 2024, also outlined his predictions for this year’s Budget including [...]
Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid November 26, 2025 Welcome back to the City AM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Budget Day: The good, the bad and the ugly November 26, 2025 It seems as if we’ve been speculating about the contents of today’s Budget since the moment Rachel Reeves sat down after delivering her first one, just over a year ago. Since then, unemployment has risen (every month) and growth rates have slumped quarter-to-quarter from 0.7 per cent to 0.3 per cent to 0.1 per cent. [...]
Budget whiplash: How bank shares were hit by the Treasury’s ‘hokey cokey’ leaking November 25, 2025 Last week the House of Commons speaker reprimanded the Treasury for what he called a “hokey cokey” Budget. “Can I just say it isn’t normal for a Budget to be put in the press,” Sir Lindsay Hoyle said in his dressing down of ministers. “One minute it’s in, next minute it’s out.” Few sectors have [...]
‘I have no confidence in Rachel Reeves to turn things around’ November 24, 2025 The chief executive of a luxury hotel group in London has said he has “no confidence” in Chancellor Rachel Reeves ahead of her Budget later this week. Gavin Taylor, who leads Clermont Hotel Group, also branded Reeves as “not particularly business friendly” and that the Chancellor needs to lower the tax burden on companies in [...]
Budget: Rachel Reeves told to make ‘simple fix’ to ‘badly outdated’ shares scheme November 24, 2025 Chancellor Rachel Reeves has been told to make “simple fixes” in the Budget this week to hand hundreds of millions of pounds in tax incentives to small businesses. It was first reported last month that proposals had been drawn up to lift the cap on Enterprise Management Incentives (EMIs). The scheme allows smaller businesses to [...]
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 [...]
City of London policy chairman: Bank levy should be wound down November 24, 2025 Financial and professional services underpin the country’s global competitiveness. The Budget should support banks, writes Chris Hayward.
Rail fares to be frozen for first time in 30 years November 23, 2025 Rail fares are to be frozen for the first time in 30 years, the government has announced. Ministers said the move will save millions of rail travellers hundreds of pounds off season tickets, peak and off-peak returns between major cities. Commuters on the more expensive routes will save more than £300 a year. The government [...]