Heathrow eyes earnings crunch as national insurance hike weighs June 27, 2025 London Heathrow airport expects its earnings for 2025 to take a hit as it weighs the cost of Labour’s hike to employer’s national insurance contributions. The airport expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to decrease by three per cent to near £1.98bn over the year due to higher operating costs brought on [...]
Jeremy Hunt ‘made mistake’ in taxing non doms June 27, 2025 Former Chancellor Jeremy Hunt was wrong to target non doms as part of efforts to raise more government revenue from tax, shadow business secretary Andrew Griffith has said. Hunt abolished a special tax status for non-domiciled residents in his last Budget, then raising £2.7bn, before Rachel Reeves went further by removing a carve-out that allowed [...]
Reeves urged to unfreeze income tax or risk entrenched damage June 26, 2025 Rachel Reeves has been given another stark warning of the implications of extending the freeze on income tax thresholds. The Chancellor has vowed to not repeat the scale of tax rises in last year’s autumn Budget, but has not addressed whether she will stand by her promise to unfreeze income tax thresholds from 2028. Reeves [...]
Berenberg: Labour welfare row will lead to tax hikes and higher interest rates June 26, 2025 Divisive party politics at the top of the Labour government stand to prevent the Bank of England from making further interest rate cuts, given struggles to curb spending, a leading City broker has warned. The government is embroiled in another row over spending cuts, as £4.8bn in welfare budget savings look set to be watered down following a [...]
Week in Business: Is the jobs market in crisis? June 26, 2025 Entry level and graduate jobs are down while AI is coming for professional roles, all while businesses contend with tax hikes and red tape.
Living standards warning: ‘the decade looks bleak’ June 26, 2025 British families will not see their income grow in the next five years while pensioners will be £1,500 better off, economic researchers have projected in a “bleak” analysis that cast a shadow over government plans to boost households’ budgets. Chancellor Reeves claimed at this year’s Spring Statement that Britons would be £500 better off each [...]
Chess-playing Reeves is in a political zugzwang over welfare June 26, 2025 A looming rebellion on welfare reforms is casting doubt on Rachel Reeves’ ability to meet her fiscal rules, says Helen Thomas As we approach the first anniversary of the first Labour government in 14 years, we also approach its first significant rebellion. According to the analysis of our team at BlondeMoney, next week’s vote on [...]
City sends an SOS to fix London markets ‘before it’s too late’ June 26, 2025 Fears over the health of the City’s stock market have been laid bare after trading platform IG became the latest firm to sound the alarm over the “crisis unfolding” on the London bourse. The FTSE 250 firm has launched a “Save our Stock market” initiative – aptly dubbed the SOS campaign – which serves as [...]
Labour doubles down on welfare vote despite massive revolt June 25, 2025 The Labour government has doubled down on holding a vote on its controversial welfare bill – worth £4.8bn in savings – as soon as next week, despite opposition from more than 130 of its own backbenchers. Angela Rayner told the House of Commons on Wednesday afternoon the government would press ahead with reforms to personal [...]
Trump to make state visit UK in September despite King’s concerns June 25, 2025 US President Donald Trump is set to make a full state visit to the UK in September in a further sign of Prime Minister Starmer’s efforts to bring the two countries closer together. But King Charles preferred an initial informal visit that would represent a less eventful trip amid threats made to Canada’s sovereignty, according [...]