Tax hikes call time on two pubs a day crushing 2,400 jobs May 5, 2026 The government’s bitter round of tax hikes imposed on the hospitality industry is said to have forced the closure of two pubs a day in the first three months of the year in yet another blow to the already bruised sector. Figures from the Beer Bar and Pub Association (BBPA) showed 161 pubs across Britain [...]
Bond market alert: Burnham and Streeting turn up leader rumours May 2, 2026 Bond markets are on alert as fresh reports have suggested that Manchester mayor Andy Burnham and health secretary Wes Streeting are preparing leadership bids. City bank and analysts at the likes of Deutsche Bank and Jefferies have flagged the risks of a change in leadership and the potential for looser fiscal rules. Deutsche Bank’s Sanjay [...]
Pension industry 1-0 Torsten Bell April 30, 2026 We should be grateful that the absurd idea of a government-imposed cap on rent died less than 24 hours after it first reared its head, but another madcap Treasury scheme took far longer to bite the dust. The government’s Pensions Schemes Act (which passed into law yesterday) contained plenty of sensible and interesting measures, including [...]
What to look out for in London’s local elections April 30, 2026 With more parties and more candidates than ever before, next week’s local elections across London are the most unpredictable for a generation, argues James Ford On 7 May, Londoners go to the polls to elect the councillors that will run the capital’s 32 borough councils. More than 1,800 council seats are up for election, alongside [...]
Badenoch claims Reeves will be ousted as traders warn on Labour’s turn to left April 29, 2026 Tory leader Kemi Badenoch has predicted that Rachel Reeves will be sacked as Chancellor after the local elections in May, as top bankers warn of the impact of any left-turn by the government. Badenoch asked Sir Keir Starmer whether he would “reshuffle the Chancellor” after the May elections, with the Prime Minister not directly commenting [...]
UK set to suffer £35bn hit from Iran war as growth downgraded again April 29, 2026 The UK risks finding itself on the brink of recession as a result of the Iran war, a leading economics think tank has warned, as the potential damage to Rachel Reeves’ fiscal headroom and the threat of interest rates hikes has been laid bare in a new report. In what will come as dire reading [...]
Starmer blocks sleaze inquiry despite Tory and Labour pressure April 28, 2026 Sir Keir Starmer has won a vote to block a parliamentary inquiry into whether he misled MPs over the appointment of Lord Mandelson as ambassador to the US despite significant pressure from opposition parties and some Labour MPs. Labour backbenchers voted down a Tory motion to launch a so-called “sleaze inquiry” by the Privileges Committee [...]
Wealth tax would ‘create unfairness’, IFS says April 27, 2026 Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said, as policymakers have been advised to consider the trade-offs involved in addressing forms of inequality. The IFS’ Deaton Review, which involved research conducted over six years, found that an annual levy on wealth would have “serious drawbacks” [...]
Rachel Reeves plots ‘growth push’ as Labour set for bruising elections April 27, 2026 Rachel Reeves is plotting another “growth push” as the Labour party prepares itself for a potentially bruising defeat in the local elections. The Chancellor is set to unveil a new push for fiscal discipline, a closer relationship with the EU and planning reforms in a bid to ease the nerves of the party. The forthcoming [...]
Lib Dems vow to push back controversial Pension Schemes Bill April 24, 2026 The government has been warned that the Pension Schemes Bill will continue to be pushed back unless ministers remove controversial mandation powers, as a groundswell of opposition puts pressure on the government to water down the bill. The warning comes as the House of Commons gears up for the bill to bounce back from the [...]