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 [...]
‘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Budget: Rachel Reeves told to make ‘simple fix’ to ‘badly outdated’ shares scheme November 24, 2025 Chancellor Rachel Reeves has been told to make “simple fixes” in the Budget this week to hand hundreds of millions of pounds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 [...]
Businesses expected to be named and shamed over minimum wage breaches November 22, 2025 The government will regularly name and shame employers who breach national minimum wage rules as part of reforms expected to be announced by Rachel Reeves. A Treasury source said the expected changes will provide further protection to vulnerable workers and ensure businesses have no place to hide. The reforms are also aimed at clearing a [...]
Andy Burnham makes £1bn challenge to Starmer and Reeves before the Budget November 20, 2025 Andy Burnham has revealed a £1bn growth plan for Manchester in a move which could be seen as a direct challenge to both Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves less than a week before the Budget. The Mayor of Greater Manchester has touted the proposals as a way to “pioneer a new [...]
Reeves’ milkshake tax ‘could force me to quit UK’ November 19, 2025 Rachel Reeves’ possible ‘milkshake tax’ could force a family business to move production oversees if it is introduced in the Budget next week, its boss has warned. Global Brands chief executive Steve Perez said the rumoured changes to the Soft Drinks Industry Levy could lead to making the decision which would “be devastating for local [...]
Autumn Budget: BrewDog boss issues £1bn warning to Rachel Reeves November 19, 2025 The hospitality sector needs to sell almost one million extra pints every hour in order to cope with a £1bn cost surge thanks to Chancellor Rachel Reeves’ tax hikes, the chief executive of BrewDog has warned. James Taylor, who took on the job earlier this year, said Reeves needs to take ‘meaningful action’ because of [...]
Banks back in Reeves’ tax targets amid Budget whiplash November 18, 2025 Britain’s banking giants are back in the Budget crosshairs as Chancellor Rachel Reeves mulls a tax raid on lenders’ profits. Banks had been expected to be spared from a tax grab in the forthcoming Budget due to Reeves’ inclination to protect the financial services sector, following a concerted lobbying effort by top finance chiefs. But [...]
UK banks send regulation warning as private credit threat rises November 11, 2025 Top bosses of UK banks have fired a warning shot over the country’s status as a competitive financial hub as the government’s efforts to overhaul regulation risk missing the mark. Michael Roberts, the top boss of HSBC Bank and chief of corporate and institutional banking, told lawmakers on Tuesday the Treasury’s deregulation work was a [...]
Higher earners to ‘pay thousands more’ in Reeves’ income tax raid November 7, 2025 Brits earning more than £75,000 could pay thousands of pounds more in tax should Rachel Reeves raises income taxes by 2p while cutting national insurance by the same percentage for those earning under £50,000. The Chancellor warned Brits that everyone will have to “contribute” to her Budget plans earlier this week, which has been interpreted [...]