Why is Labour refusing to use its own power? December 1, 2025 A landslide victory in a centralised government gives Labour great political power, yet Keir Starmer seems reluctant to use it, writes John McTernan.
FTSE 100 Live: Starmer denies Budget ‘misleading’ as Reeves on brink December 1, 2025 Good morning and welcome back to the City AM liveblog. It was quite the Budget week to end November and for many more questions were created than answered. Whilst Labour might’ve hoped it would be be their rallying moment – with the lifting of the two-child benefit cap and doubling of the Chancellor’s fiscal buffer [...]
UK manufacturing edges into growth territory for first time in over a year December 1, 2025 UK manufacturing has edged into growth territory for the first time in over a year following months of struggle piling onto the sector. The S&P Global UK Manufacturing Purchasing Managers’ Index™ (PMI) hit a 14-month highof 50.2 in November, up from 49.7 in October. This placed the industry above the all-important 50 mark which indicates [...]
Revolut in new spat with regulators over Storonsky’s residency December 1, 2025 Revolut has been caught in a fresh row with UK watchdogs following the chief executive of the fintech juggernaut shifting his residency to the United Arab Emirates. Nik Storonsky, the boss of the London-headquartered digital bank, sparked waves of conversation after Companies House filings in October revealed the fintech chief had ditch his main residency [...]
UK economy set to cool as weak consumer confidence damages spending December 1, 2025 The UK economy is expected to cool in 2026, as the softening labour market and subdued consumer confidence caused a drop in household spending. The economy is set to slow 1.0 per cent next year, down from 1.4 per cent in 2025, according to the latest economic outlook from professional services firm KPMG. Meanwhile, unemployment [...]
Starmer to argue in favour of welfare reforms and investment measures November 30, 2025 Prime Minister Keir Starmer will set out plans later today on how the Budget will enable the government root “out excessive costs” and reform the welfare system, as pressure over Treasury decision grow. Starmer will discuss how choices made in the Budget will advance the government’s goals of boosting economic growth and bringing down the [...]
Business leaders fear more tax rises are on the way November 28, 2025 Businesses leaders are bracing for more tax rises even following another hefty cash raid from Rachel Reeves in her second Autumn Budget. Over two thirds of top bosses have said they fear business leaders will be targeted with more tax hikes even after the Chancellor raised taxes to the tune of £26bn on Wednesday. A [...]
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 [...]