Reeves urged to fix Britain’s ‘broken credit system’ that’s failing millions of renters November 3, 2025 A coalition of MPs, lenders, fintechs and charities have urged Rachel Reeves to fix the UK’s “broken credit system”, warning that millions of renters are being locked out of home ownership. The Financial Freedom for Everyone campaign, which includes The Money Charity and Clear Score, sent an open letter to Chancellor Rachel Reeves’, calling on [...]
Defence secretary: there will be “consequences” from weak economic forecasts November 2, 2025 Defence Secretary John Healey has warned there will be “consequences” from recent weaker economic forecasts in the nearing Autumn Budget. The minister insisted no final decisions had been made for the upcoming Budget, which will be delivered by Chancellor Rachel Reeves on 26 November. However, he acknowledged that the Office for Budget Responsibility (OBR) saw [...]
House prices edge higher amid Budget speculation October 31, 2025 UK house prices rose for a second consecutive month, as buyers remained resilient amid growing tax rise speculation in the upcoming Autumn Budget. The average value of a house increased 0.3 per cent to £272,226 in October, according to Nationwide’s latest housing pricing index. House prices were 2.4 per cent higher than last year, following [...]
Motor finance, Madoff fraud, tax fears – bank shares defy the noise October 31, 2025 A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]
Record number of UK businesses face financial woes ahead of Budget October 30, 2025 The number of UK businesses in ‘critical’ financial distress has surged as the economy cries out for certainty in Rachel Reeves’ November Budget. The number of businesses in ‘critical’ financial distress surged 78 per cent year-on-year, to 55,530 in the third quarter of 2025, up from 31,201 in the same quarter last year. The latest [...]
Rachel Reeves considers income tax hike and national insurance cut October 30, 2025 Chancellor Rachel Reeves is eyeing up a simultaneous 2p hike to income tax and 2p cut to national insurance, it has been reported, in an effort to raise some £6bn. Reeves is considering the controversial tax hike, according to The Telegraph, which would breach the Labour Party manifesto and risk infuriating voters. It would also [...]
‘Unprecedented’ number of small businesses expect to shrink or close down October 30, 2025 A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has warned, amid a “vicious” cycle of low growth and fears that next month’s Budget could cause more pain for businesses. Nearly one in three of the UK’s small businesses (30 per cent) expect [...]
Pension tax grab could threaten retirement for millions October 30, 2025 A potential raid on pensions in the upcoming November Budget could cause pension funds to lose billions, threatening businesses and the retirement outcome for millions of Brits. UK pension funds could suffer a £50bn loss over the next five years if the Treasury decides to slash pension tax reliefs, according to analysis from wealth manager [...]
Pound falls to 2023 low against Euro as Budget jitters spike October 29, 2025 The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget. Sterling’s downturn came as the UK’s fiscal watchdog looks set to hand a hefty downgrade to the country’s productivity growth. On Wednesday morning, the pound fell 0.4 per cent against the Euro to 1.13 – [...]
Mortgage lending hits highest level since March amid pre-Budget rush October 29, 2025 Net borrowing of mortgage debt rose to the highest level since March this year, money and credit statistics published by the Bank of England have shown, in signs that Brits are rushing to buy homes before any new property taxes are announced at the Budget. Net borrowing rose by £1.2bn to £5.5bn while mortgage approvals [...]