Rachel Reeves plans another NIC tax raid at November Budget October 21, 2025 Rachel Reeves is gearing up for another billion-pound raid on National Insurance Contributions (NICs) as the Chancellor finds ways to plug a huge fiscal black hole in November’s Budget. Reeves is understood to be drawing up plans to extend NICs taxes to include limited liability partnerships or LLPs, to whom the tax does not currently [...]
Spike in employer pension contributions could throw UK businesses into insolvency October 21, 2025 Rumours over potential spikes to employer pension contributions in the upcoming Budget has thrown UK companies into a frenzy, with some admitting it could put them at risk of insolvency. According to research from consultancy Barnett Waddingham, nearly 20 per cent of businesses fear they could become insolvent if an increase to employer pension contributions [...]
Henrys face horrid Budget amid looming tax raid October 21, 2025 High Earners Not Rich Yet individuals, also known as Henrys, are bracing for a horrid Budget as they could face a tax rate higher than a current level of 60 per cent, analysts have warned. Henrys, who are generally classed as professionals earning around £100,000 or more and often have little savings or fewer assets, [...]
Analysts dampen outlook for FTSE 100 banks as tax clouds gather October 21, 2025 The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also comes alongside flaring tensions between the lending industry [...]
Third of employers would hire young people if offered tax credits October 21, 2025 Over a third of employers would hire more young people if they were offered tax credits, fresh research has found, amid reports the government is drawing up a plan to subsidise employment for under 24-year-olds. Research by the Recruitment and Employment Confederation (REC) showed some 36 per cent of employers claiming they would offer role [...]
Business leaders ramp up pre-Budget lobby efforts amid tax fears October 20, 2025 Business chiefs are ramping up efforts to sway Chancellor Rachel Reeves ahead of this year’s Budget as fears are mounting that fresh tax hikes could squeeze profits at firms up and down the UK. A series of letters written by heads of trade bodies have landed on the Chancellor’s desk over the last week, with [...]
Autumn Budget: Wealth tax would drive £100bn out of UK economy October 16, 2025 Rachel Reeves is facing renewed calls to rule out any form of wealth tax in the Autumn Budget with concerns such a move would drive £100bn out of the UK economy. The Chancellor confirmed on Wednesday higher taxes on the nation’s wealthiest would be a “part of the story” in the Budget. But fresh research [...]
Rachel Reeves: Higher taxes on wealthy ‘part of story’ for Budget October 16, 2025 Rachel Reeves has confirmed a tax grab on the UK’s wealthy will be “part of the story” for her forthcoming Autumn Budget as she dismissed critics who fear an exodus from the nation’s richest. The Chancellor has faced rallying calls to launch a cash grab on the wealthy as she looks to strum up funds [...]
Reeves faces ‘Groundhog Day’ as Budget tax hikes loom October 16, 2025 Chancellor Rachel Reeves risks having to hike taxes ever higher in forthcoming budgets if she leaves herself with £9.9bn in headroom, a joint report by Barclays and the Institute for Fiscal Studies (IFS) has warned. The research has suggested that spending cuts would send a “crucial” signal to the bond markets that the government had [...]
Autumn Budget: Reeves must focus on growth, not ‘gimmicks’ October 16, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the chief executive of founders club Helm calls for bold innovation policies took take centre stage. Chancellor Rachel Reeves should use her second Autumn Budget to make bolder swings for the UK’s innovation economy [...]