Autumn Budget 2026: Labour is treating London as a cash cow October 28, 2026 The plans that John Healey announced today to squeeze more from banks will hit London hardest too. Our world-beating financial services sector won’t stay in the City and Canary Wharf for long if it becomes uncompetitive. Instead of letting London’s key business sectors thrive, Labour punishes success, and every time they do, it is Londoners [...]
‘Jobs killer’: Gambling industry lashes out at Healey betting tax raid October 28, 2026 After the Chancellor announced a tax hike for the gambling and betting sector, Saskia Koopman dissected the industry reaction Machine Games Duty (MGD) will rise from 20 to 25 per cent in April 2027, below the 40 per cent demanded by campaigners and some Labour MPs. The Betting and Gaming Council (BGC) warned that almost [...]
Autumn Budget 2026: Bank tax will hardly ‘do no harm’ October 28, 2026 This Autumn Budget fell a little short of the ‘do no harm’ test, especially concerning the bank tax, writes Miles Celic
Autumn Budget 2026: Wary Healey presents a Ming Vase Budget October 28, 2026 Healey has tried to avoid breaking anything – including Labour’s poll lead – in his Ming Vase Budget, writes Julian Jessop.
Autumn Budget 2026: Tax hikes will negate boost from hosting Olympic Games October 28, 2026 Tax hikes and regulation announced in Wednesday’s Budget will negate any financial boost from Great Britain hosting the Olympic Games in the 2040s, the UK government has been warned. Chancellor John Healey confirmed in his fiscal statement that a £7m fund would be made available to conduct a “feasibility study for a potential future bid [...]
‘Is that it?’: Badenoch lays into Healey Budget speech October 28, 2026 Kemi Badenoch has poured scorn on Labour’s welfare spending plans as she slammed John Healey’s inaugural Budget speech. The Conservative leader admonished the Chancellor for failing to cut levels of government spending and said the government was to blame for a fall in growth projections next year from the Office for Budget Responsibility (OBR). “I [...]
Budget 2026: Tax raid on landlords ‘final nail in the coffin’ for rental sector October 28, 2026 John Healey’s decision to hike tax on rental income is set to push up rents and deter new landlords from entering the sector, Britain’s fiscal watchdog has said. In his maiden Budget today, the Chancellor said that tax on property income will rise by a further two per cent, following the two per cent hike [...]
JP Morgan slams Healey for bank tax hike that ‘lacks principle’ October 28, 2026 JP Morgan has slammed the Labour government for raising taxes on the UK banking sector and said the move “lacks principle”. Wall Street’s biggest bank, which serves over 2.5m UK users through its retail arm Chase, said it is “committed” to the UK but raised concern over the targeting of the sector in John Healey’s [...]
Pint prices to rise as Healey hikes beer duty October 28, 2026 The price of a pint is set to rise by 2p after John Healey announced plans to hike beer duty, saddling pubs with more costs despite a commitment to cut their business rates. The Chancellor said alcohol duty, which is charged on every pint sold, will rise in line with Retail Prices Index (RPI) inflation, [...]
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 [...]