Grosvenor Casinos owner warns of £9m tax hit after Healey’s gambling duty hike Casino Casino operator Rank Group has warned that John Healey’s gambling tax hike will deliver a hit of around £9m a year, as the industry begins to count the cost of Wednesday’s Budget. The London-listed owner of Grosvenor Casinos and Mecca Bingo said the increase in Machine Games Duty (MGD) from 20 to 25 per cent, [...]
‘Sigh of relief’ as Healey woos British founders with £10m tax break Tech Britain’s startup founders have welcomed a sweeping package of tax breaks in John Healey’s first Budget, but investors warned that the Chancellor’s attempt to keep the country’s most promising businesses at home will fall short without more capital to help them grow. At the centre of Wednesday’s announcement was a new Founders’ Relief, offering entrepreneurs [...]
Autumn Budget 2026: Wary Healey presents a Ming Vase Budget Opinion Healey has tried to avoid breaking anything – including Labour’s poll lead – in his Ming Vase Budget, writes Julian Jessop.
Budget 2026: Households earning over £110,000 locked out of revived Help to Buy scheme October 28, 2026 Households earning more than a combined £110,000 are set to be excluded from the revived Help to Buy scheme, the Autumn Budget confirmed. First-time buyers earning over a combined £110,000 outside London will be locked out of benefiting from the £4.7bn government-backed funding providing equity loans in the Your First Home Scheme, and £140,000 inside [...]
Budget 2026: Green levies stripped from energy bills October 28, 2026 John Healey will scrap green levies from energy bills and shift environmental funding into the wider tax base to minimise the impact of the Iran war on UK households. The Chancellor said on Wednesday he would axe the surcharge applied to energy bills “for good”, in what represents major shift of the government’s environmental agenda. [...]
Autumn Budget 2026: cash ISA U-turn is a backwards step for Britain’s investment future October 28, 2026 Protecting an incentive to keep money sitting in cash is a failure of ambition to stimulate growth, says Michael Healy Britain needs more investors, but the Chancellor has chosen to reward people for keeping their money in cash. His decision to protect the £20,000 Cash ISA allowance is a victory for the savings lobby and [...]
Possible tax hikes for LLPs in Budget may ‘distort’ the market and push firms overseas October 27, 2026 Despite the professional services sector dodging tax hikes on LLPs in last year’s Budget, it remains unclear whether Chancellor John Healey will impose tax changes this time round, but Rosie Harris-Davison writes that experts have warned against any tax burdens on the sector. In the lead-up to last year’s Budget, whispers circulated for weeks that [...]
ICAEW chief: Britain can’t build a better economy one Budget at a time October 27, 2026 To achieve sustainable economic growth, the government must move beyond short-term Budget fixes and provide businesses with long-term certainty through tax stability and regulatory reform, says Alan Vallance “You can’t invest what you don’t have or when you are unsure what extra tax or regulatory burden is around the corner.” That was how one of [...]
Healey pledges £1bn for social housing as housebuilding slump threatens Labour target October 26, 2026 John Healey has pledged more than £1bn in additional funding for social and affordable housing as new figures reveal a sharp fall in housebuilding, raising fresh doubts over the government’s target of delivering 1.5m homes. The funding, due to be confirmed in Wednesday’s Budget, will take the government’s 10-year social and affordable housing programme beyond [...]
Healey’s startup adviser quits ahead of Budget over ‘sideshow’ treatment of entrepreneurs October 25, 2026 The Treasury’s entrepreneurship adviser is stepping down after accusing ministers of treating Britain’s fastest-growing companies as a “sideshow” while directing taxpayer money towards traditional industries. Alex Depledge, appointed by former chancellor Rachel Reeves in June 2025, will leave the role on Thursday, a day after John Healey delivers his first Budget. “Keeping scale-ups on the [...]