Bond traders hit out at ‘chorus’ of high tax advocates in No 10 September 2, 2025 Bond traders have hit out at the “chorus” of Westminster voices advocating for higher taxes as government borrowing costs soared to the highest level seen this century. Gilt yields, which feed into the cost the government will have to pay bondholders through debt interest payments, soared to their highest level since 1998, with the interest [...]
Budget 2025: Banks to ‘bear the brunt of higher taxes’ September 2, 2025 UK banks will be the top target as Rachel Reeves looks to drum up cash in the Autumn Budget, a top economist has said. Chatter around a cash grab directed at banks has escalated over the last week after left-wing think tank the Institute for Public Policy Research (IPPR) proposed that the Chancellor raid the quantitative easing [...]
Home Office contractor proposes investor visa for ‘business angels’ September 2, 2025 A Home Office contractor has put forward plans for an investor visa to be re-introduced as advisers claimed a targeted entry route for wealthy foreign nationals would be “dramatically beneficial” for the UK economy. Envestors, an investment service that assesses entrepreneurs applying to enter the UK via the innovator founder visa, has argued that a [...]
Klarna confirms second hit at New York listing in snub to London September 2, 2025 Swedish fintech unicorn Klarna has launched its second hit at a listing on the New York Stock Exchange after its initial attempt was derailed by President Donald Trump’s tariff onslaught. The buy now, pay later giant said its IPO price is expected to be between $35 and $37 per ordinary share and hopes to raise [...]
Justice secretary granted new veto powers over ‘independent’ public body September 2, 2025 The justice secretary has been granted the power to sign off on any new guidelines for prison sentences as part of a push for Parliament to have a say in the justice system, following political backlash earlier this year. As part of the Sentencing Bill, set to be introduced to the House of Commons today, [...]
After a year as Chancellor, Rachel Reeves has flunked her growth mission September 2, 2025 Rachel Reeves may not get an official exam transcript, but the numbers categorically show she's flunked her growth mission.
Keir Starmer has humiliated Rachel Reeves September 2, 2025 What is the Chancellor if not the Prime Minister’s economic adviser? We now know that she no longer performs that function, after the PM’s brutal move to bring economic policy into his office, rather than her’s. After little more than a full year in office, Keir Starmer’s government appears to be circling the drain. Support [...]
Starmer seeks to relaunch as approval rating hits fresh low September 2, 2025 Keir Starmer has launched a dramatic shakeup of his Downing Street team as he hails the “second phase” of his government amid dire poll ratings and a sluggish economy. The Prime Minister has beefed up Number Ten’s economic muscle, bringing in his Chancellor’s top minister, Darren Jones, to fill a newly created position alongside a [...]
Angela Rayner under pressure to clarify property questions amid hypocrisy accusations September 1, 2025 Angela Rayner is facing mounting scrutiny over her property portfolio, with accusations that she avoided £40,000 in stamp duty and questions around a house valuation in her constituency. These suggestions are made more embarrassing by her dual roles as deputy prime minister and housing secretary. The Times has reported on the “remarkable coincidence” that, at [...]
Keir Starmer puts Treasury manpower in No 10 at expense of Reeves September 1, 2025 Keir Starmer has made a series of new appointments that point to his drive to bolster No10’s focus on the UK economy at the expense of the Treasury. Starmer has given Darren Jones the newly-created position of chief secretary to the prime minister after he previously served as the chief secretary to the Treasury. In [...]