Rachel Reeves’ benefit handouts are unchristian, Badenoch says November 28, 2025 Kemi Badenoch has argued that Rachel Reeves’ welfare splurge in the Autumn Budget is inconsistent with Christian values, as she blasted the Labour government for raising taxes to fund increased spending. The Chancellor hiked taxes by £26bn on Wednesday to fund a massive injection of cash into welfare benefits, including the controversial decision to lift [...]
Brain drain: Net migration plummets to pre-pandemic low as more Brits flee November 27, 2025 Net migration has fallen to a pre-pandemic low, official statistics have shown, as successive Tory and Labour governments have looked to tighten controls on visas. The Office for National Statistics (ONS) has said net migration dropped to 204,000 in the year ending June 2025, around two-thirds lower than levels a year earlier. The large fall [...]
‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears November 27, 2025 A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year. The Resolution Foundation, which was previously headed by Treasury minister Torsten Bell, suggested Rachel Reeves’ Budget was “deceiving” by back-loading consolidation [...]
FTSE 100 Live: Entain, Flutter sound alarm in Reeves’ tax raid aftermath November 27, 2025 Good morning and welcome back to the City AM liveblog. The dust has settled on the Labour government’s second Autumn Budget and Brits have been left reeling from a £26bn tax raid. Taxes collected as a share of GDP are set to jump to an all-time high in the coming years, according to the Office [...]
Thanks to Reeves, our economy is now a 20 mile per hour zone November 27, 2025 If, on Wednesday morning, you’d asked me how this entire Budget process could ever get more chaotic and absurd I might have said “I suppose the entire thing could leak, before the Chancellor delivers it.” Then again, I probably wouldn’t have suggested such an implausible scenario. But at 11.44am yesterday morning, just ten minutes before [...]
What does the Budget mean for you? November 26, 2025 Rachel Reeves’ second Budget has been the most closely watched in recent memory, with media briefings and soundings on all sides. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on from last year’s £40bn. They will go up to well over 38 per cent of GDP by 2030, the OBR [...]
Budget: Octopus boss Greg Jackson hails cuts to energy bills November 26, 2025 Octopus Energy boss Greg Jackson has hailed the cuts to energy bills announced in today’s Budget, as the Chancellor slashed multiple renewable levies. Jackson welcomed the energy bill cuts as a “positive step” as Rachel Reeves described energy costs as “one of the greatest drivers of the rising cost of living”. Reeves said she will scrap [...]
Autumn Budget: Reeves splurges £12bn on welfare as two-child benefit cap ditched November 26, 2025 The UK’s fiscal watchdog has forecast welfare spending to soar over the next few years after the Labour government ditched plans to reform the welfare state. The Office for Budget Responsibility (OBR), which accidentally published its report before the Budget, has said welfare spending will rise by £12bn in the fiscal year 2029-30, when compared [...]
OBR warns Budget leaves UK ‘vulnerable’ as tax burden hits all-time high November 26, 2025 The UK’s public finances have been left in a vulnerable position, the UK’s fiscal watchdog has warned in a damning verdict of Rachel Reeves’ Budget. In a report accidentally published before the Budget was announced, the Office for Budget Responsibility said Reeves’ spending plans leave the UK spending more on debt interest than at almost [...]
City readies up for Labour’s borrowing spree November 26, 2025 Fixed income investors are readying for the Debt Management Office (DMO) to boost its gilt issuance for the current financial year, otherwise the level of UK government debt sold to traders, as the Labour government ploughs ahead with its borrowing spree. The DMO, an independent government body that oversees the sale of UK government bonds, [...]