Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
Rachel Reeves to slap wealth tax on £2m homes November 24, 2025 Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]
Polanski ‘tempted’ to challenge Starmer for parliamentary seat November 23, 2025 Zack Polanski has said it would be “tempting” to challenge Keir Starmer for his parliamentary seat. Green Party leader Polanski, who is a member of the London Assembly but not an MP, was asked about a poll that suggested his party could take the Prime Minister’s Holborn and St Pancras seat and whether he would [...]
Reeves accused of ‘fiscal fandango’ amid OBR forecast changes November 23, 2025 The Bank of England’s former chief economist Andy Haldane has accused Rachel Reeves of overseeing “fiscal fandango” in the lead-up to the Budget amid months of speculation around expected tax rises. Speaking to the BBC, Haldane blasted months of speculation around the Budget that had caused “paralysis” in the UK economy. His comments came days [...]
Steel mogul Lakshmi Mittal leaves UK for Switzerland and Dubai November 23, 2025 Lakshmi Mittal, the steel mogul who was one of Britain’s richest people, has now left the country and become a resident in Switzerland for tax purposes, it has been reported. Mittal has long been one of the billionaires rumoured to be leaving the UK in response to Rachel Reeves’ tax plans. In March this year, [...]
Wealthy individuals at risk of tax raid due to lack of knowledge November 21, 2025 Wealthy Brits are at risk of being slapped with higher taxes in the upcoming Autumn Budget as they fail to understand how to use their tax allowances. The Treasury is scrambling to fill an estimated £20bn fiscal black hole in next week’s Budget and, with a wide spread of tax rises being discussed, many individuals [...]
UK economy flatlines in November as Labour growth push fails November 21, 2025 The UK economy flatlined in November, researchers have suggested, as pre-Budget nerves have hit growth across the private sector. S&P Global’s initial estimate for its purchasing managers’ index (PMI) has shown the UK economy just inching up, with firms pausing orders and investment plans before Chancellor Rachel Reeves announces sweeping tax hikes and possible spending [...]
PM set to formally approve new Chinese embassy November 21, 2025 Sir Keir Starmer is expected to give his formal seal of approval to a controversial new Chinese mega-embassy at Royal Mint Court, with the backing of the security services. According to a report in The Times, the approval is set to be a ‘formality’. The Home Office and Foreign Office – and, by extension, MI5 [...]
Join City AM and guests for a LIVE broadcast on Budget Day November 21, 2025 After months of speculation and mounting political drama, Rachel Reeves will deliver her second Budget at noon on Wednesday 26 November. City AM‘s team will bring you all the news throughout the day on our Live Blog via CityAM.com and the City AM App, along with a special livestream broadcast from the heart of the [...]
Fiscal uncertainty has become one of Britain’s biggest taxes November 21, 2025 Britain's bi-annual tradition of holding a fiscal circus is paralysing investment and creating its own tax, writes Liam Byrne MP.