The Capitalist: Jeremy Hunt demands toaster back from Rachel Reeves July 3, 2025 Is Rachel Reeves toast? We don't know, but we do know Jeremy Hunt wants his toaster back; catch up on the latest gossip in The Capitalist.
Jeremy Hunt ‘made mistake’ in taxing non doms June 27, 2025 Former Chancellor Jeremy Hunt was wrong to target non doms as part of efforts to raise more government revenue from tax, shadow business secretary Andrew Griffith has said. Hunt abolished a special tax status for non-domiciled residents in his last Budget, then raising £2.7bn, before Rachel Reeves went further by removing a carve-out that allowed [...]
Conservatives vow to end oil and gas windfall tax June 12, 2025 Kemi Badenoch will call for an end to the oil and gas windfall tax, in addition to scrapping Labour’s ban on new oil and gas licences, as she seeks to bolster her pro-growth credentials. The Tory leader is expected to announce her party will be “standing up for our oil and gas industry,” in an [...]
Winter fuel U-turn could lead to ‘unfair’ and ‘complex’ tax system June 9, 2025 Treasury calculations on savings made from a means-tested winter fuel payment for nine million pensioners may be significantly reduced due to a “new complexity in the tax system”, an economics think tank has warned. The government has claimed that £1.25bn budgeting for winter fuel payments represents a cost reduction of up to £450m compared to [...]
UK to miss out on tourism boom due to ‘layer upon layer’ of taxes June 4, 2025 UK tourism is at risk of suffering a decline as visitors are deciding against going to Britain due to the Treasury’s stringent tax policies, a key industry official has said, in the latest sign of the toll tax hikes are taking. Julia Simpson, the former British Airways chief who now heads up the World Travel [...]
Small firms splash out £25bn on tax compliance as HMRC accused of ‘poor service’ April 22, 2025 Small firms are set to stump up a combined £25bn on tax compliance this year, a leading industry body has said, as it accused HMRC of failing to answer phone calls or letters. Calls for a vast reform of the UK’s tax system have come from leading think tanks and policymakers for several years. But [...]
Spring Statement 2025: Rachel Reeves’ popularity nears Kwasi Kwarteng levels March 28, 2025 Rachel Reeves’ popularity rating as Chancellor has neared Kwasi Kwarteng levels after the mini-Budget, following the Spring Statement on Wednesday. She set out £14bn in welfare and spending cuts in the House of Commons, including a £4.8bn squeeze on benefits, to restore the £9.9bn headroom she had at the Autumn Budget, which would otherwise have [...]
Jeremy Hunt: OBR ‘overly exaggerated’ Brexit impact March 19, 2025 Former Chancellor Jeremy Hunt has criticised the Office of Budget Responsibility (OBR) for making “overly exaggerated” claims about Brexit’s impact on the economy. The OBR released a series of gloomy predictions in recent years claiming that Brexit had stifled growth and wrecked trade. But Hunt has claimed that leaving the European Union has in fact [...]
Can you match the quote to the MP who said it in 2024? December 30, 2024 From election campaigning, to Labour’s first months in office, 2024 has been chock-full of memorable political moments. And for our politicians, the past 12 months have seen some memorable quotes enter the record books too. Take a look back at our 2024 quotes quiz and test your political memory.
FCA softens ‘name and shame’ plans after City backlash November 28, 2024 The Financial Conduct Authority (FCA) has softened its controversial ‘name and shame’ plans and will take into account the damaging impact the proposals could have on companies, after furious backlash from the City and Westminster. In a statement today, the watchdog said it would set out plans for “further engagement” after its initial plans triggered [...]