China spying case collapse leads to ‘interference’ accusations October 6, 2025 Senior officials have pointed fingers at the Labour government over the decision by the Crown Prosecution Service to drop the espionage case against two men accused of spying for China. Senior UK government figures told the Financial Times that the government fatally undermined the Chinese spying case in order to protect the UK’s commercial and [...]
Autumn Budget: Another major NICs tax raid on the cards, economists warn October 6, 2025 Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have warned, as chancellor Rachel Reeves scrambles to plug a £30bn fiscal black hole. A combination of changes to the rules governing National Insurance Contributions (NICs) and income tax is set to rake in an extra £15bn in extra tax [...]
Construction sector hit by waning activity ahead of Budget October 6, 2025 Business activity expectations in the construction industry have fallen to the lowest since the end of 2022 as companies remained glum on future outlook ahead of the Autumn Budget. The latest Purchasing Managers Index (PMI) from S&P Global showed construction output showed the industry hit its highest level for three months at 46.2 – though [...]
Rachel Reeves mulls bank tax amid scramble to fill fiscal hole October 6, 2025 Rachel Reeves is reported to be weighing up a tax on Britain’s banking giants as the Treasury looks to strum up cash in the forthcoming Autumn Budget. The Chancellor is expected to be staring down a fiscal blackhole of over £20bn come November 26 and banks have been viewed as an easy – and politically [...]
Capital gains tax raid should have ‘health warning’, Labour warned October 6, 2025 Labour risks stunting growth and discouraging investment if it pursues further capital gains hikes, tax advisers have warned, as reforms proposed by top think tanks were pushed back on by industry figures. Rachel Reeves and Keir Starmer have talked up the prospects of attracting investment in the UK and making the wider tax system fairer [...]
SMEs have been treated as Labour’s cash cows October 6, 2025 For all of Labour's grandstanding, half of SMEs say it's become harder to turn a profit under Labour, writes Danielle Dunfield-Prayero.
Mayor of London to move ahead with plans to pedestrianise Oxford Street October 6, 2025 The mayor of London has confirmed he is ploughing ahead with “bold proposals” to pedestrianise Oxford Street after claiming a one-day traffic ban significantly boosted the local economy. Footfall in the West End area was 45 per cent higher on the day when traffic was prohibited from accessing a half-mile stretch of road from Orchard [...]
Home Secretary denies ministerial interference amid dropped Chinese spy case October 5, 2025 Home Secretary, Shabana Mahmood, said she was “very disappointed” about the collapse of a major Chinese spying case but denied there was any ministerial interference. The case against Christoper Cash, a former parliamentary researcher, and Christopher Berry, was due to start at Woolwich crown count on Monday, but was dropped on 15 September, a move [...]
Former Home Secretary backs Phillipson for Labour deputy leader October 5, 2025 Former home secretary, Alan Johnson, has endorsed education secretary, Bridget Phillipson, to become Labour’s next deputy leader, after warning that Powell could be divisive. Johnson suggested Phillipson’s rival, Lucy Powell, may not have entered the race had she not been sacked from the cabinet in last month’s major reshuffle, before warning she could “destabilise the [...]
Why is the government making vapes harder to buy than cigarettes? October 3, 2025 Vaping remains the most effective tool to help smokers quit, so why is Labour trying to restrict access to vape shops, asks Andrej Kuttruf.