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 [...]
Budget 2026: Healey uses state-backed lenders to ramp up borrowing October 28, 2026 John Healey has revealed plans to increase borrowing through the UK’s state-owned business lender and infrastructure bank. The Chancellor has allocated an extra £20.4bn to the country’s two major state-owned policy banks for the next five-years. The National Wealth Fund will get around £15.4bn, while the British Business Bank will receive £5bn. “I will work [...]
Budget 2026: Healey unveils data centre deal in bid to keep Britain’s AI data in the UK October 28, 2026 John Healey has unveiled a new deal offering data centre developers priority access to Britain’s electricity grid in exchange for investment in jobs and environmental protections. Announcing the British Data Centre Covenant in Wednesday’s Budget, Healey said the government would impose strict conditions on developers while helping critical facilities secure the power needed to support [...]
Budget: Healey hikes taxes and delays defence spending as economy set to slump October 28, 2026 John Healey has announced a string of tax hikes to fund short-term measures worth billions of pounds to help households and businesses cope with rising prices, in a maiden Budget that omitted major spending plans on defence and welfare. In his speech, the Chancellor said the government would look to raise defence spending to three [...]
Budget 2026: Healey reduces threshold for Business Asset Disposal Relief October 28, 2026 Chancellor John Healey has confirmed that he will reduce the threshold for Business Asset Disposal Relief in Capital Gains Tax. Healey lowered the threshold for business asset disposal relief (BADR) in capital gains tax (CGT) from £1m to £500,000 which he said will mean “no changes for three in four claimants”. But industry figures have [...]