FTSE 100 Live: Blow for Reeves as economy shrank ahead of Budget December 12, 2025 Good morning and welcome back to the City AM liveblog. Today fresh economic data has given another crucial assessment of the Chancellor’s growth agenda. The UK economy shrank 0.1 per cent in October as businesses paused investments amid consistent rumours around upcoming tax hikes in Rachel Reeves’ second Autumn Budget. A Bloomberg poll of City economists had predicted the Office [...]
Public spending fuelled growth spurt ‘no cause for celebration’ December 12, 2025 Labour’s “spend now, tax later” approach to fiscal policy will drive higher growth than previously expected, an industry group has said, but will leave UK public finances in a “vulnerable” position. The Confederation of British Industry (CBI) upgraded its growth forecast for next year from 1 per cent to 1.3 per cent, with an extra [...]
Substack implements native advertising following $1.1bn valuation December 11, 2025 Substack, the historically anti-advertising newsletter platform, has announced it will pilot an advertising programme following its latest funding round. Substack was founded with the goal of providing an alternative to online advertising as a monetisation model for writers and creators. It was founded in 2017 as a website where people can write and subscribe to [...]
2025: It’s been one hell of a year for UK business December 11, 2025 From political drama to market volatility, cyber attacks, takeovers and trade wars – 2025 has not been plain sailing. January: motor finance and angry farmers We began the year reporting on the exodus from the London stock exchange noting that 2024 had been the quietest year on record for new listings and we suggested that [...]
Sadiq Khan has derailed Labour’s nationalisation plans December 11, 2025 How is Keir Starmer’s plan to renationalise Britain’s railways going? Badly, if events in London are anything to go by. Yesterday we learned that Transport for London has awarded a £3bn, 10-year contract to First Group to operate the London Overground when the current contract with Arriva expires next year. That’s in direct conflict with [...]
Labour believes success is something to be ashamed of December 10, 2025 Two successive Budgets have done unspeakable damage to small and medium sized firms across the country, but the government does not seem keen to reserve the punishment for set piece fiscal events, says John O’Connell After the relentless pre-Budget leaks was the catastrophic event itself. Then came the forensic analysis of who knew what when [...]
UK property tax burden is fourth heaviest in OECD December 9, 2025 The UK’s property tax burden is the fourth heaviest in the OECD’s list of 38 countries and it is more than double the average across the list of advanced economies. In a report on government revenue levels across most of the world’s largest economies, the OECD said the UK’s taxes on property as a percentage [...]
Stamp duty holiday first ‘meaningful change’ in a long time, says London Stock Exchange boss December 9, 2025 The London Stock Exchange has welcomed the government’s move to grant a stamp duty holiday to newly-listed entrants, hailing it the first “meaningful change” seen in a long time. Chancellor Rachel Reeves launched a three year stamp duty holiday for fresh listings on the London market in her Budget last month. The Treasury’s plans have [...]
Reeves denies authorising Budget leaks December 9, 2025 Chancellor Rachel Reeves has rejected accusations that she authorised leaks of the Budget to media outlets in the run-up to her statement, which led to sharp turns in bond markets and worsening business confidence. During Treasury Questions on Tuesday afternoon, Reeves was asked by her counterpart Mel Stride whether she authorised or allowed confidential details [...]
Employment Rights Bill: Workers to get pro-union pamphlets December 8, 2025 Employers will be mandated to tell workers about the option of joining trade unions under new rules coming into force with the Employment Rights Bill. In one of several changes to workers’ rights to be made, bosses will have to inform new hires about what unions do and how they can join one. The change, backed [...]