Budget 2025: Lloyds, Natwest and Barclays brace for a tax raid? September 1, 2025 Ahead of the 2024 Autumn Budget, Prime Minister Sir Keir Starmer warned Labour’s first fiscal event was “going to be painful”. He added those with the broadest shoulders “should bear the heavier burden” as Chancellor Rachel Reeves battled against an alleged ‘£22bn black hole’ inherited from the Conservative government. After lobbying efforts, banks were spared [...]
Firms mildly confident about growth after worst reading on record September 1, 2025 Firm owners are now mildly confident about seeing their companies grow after July’s reading showed business confidence at the second-lowest level on record, according to a leading industry group’s monthly survey. A survey by The Institute of Directors (IOD) has said that business leaders’ confidence in their own organisations is now in positive territory, having [...]
Ministers brace for fresh protests and legal battles after asylum hotel ruling August 30, 2025 Keir Starmer has been warned by a Labour grandee that voters will continue to shift to Reform UK unless decisive action is taken to address the migrants crisis. The government won a Court of Appeal challenge against an an injunction which would have seen asylum seekers moved out of the Bell Hotel, Epping, but ministers [...]
Conservatives call for ethics probe into Angela Rayner’s tax affairs August 30, 2025 Deputy Prime Minister Angela Rayner should face an ethics inquiry over her tax affairs, the Conservatives have said. The Telegraph newspaper claimed that Rayner, who is also the Housing Secretary, saved £40,000 in stamp duty on a second home she bought in Hove for £800,000. This was because she removed her name from the deed [...]
Home Office wins appeal to keep asylum seekers in Epping hotel August 29, 2025 Asylum seekers will be allowed to stay at a hotel in Epping, after the Court of Appeal overturned a previous ruling from the High Court. The decision from the second highest court in the UK means that the 138 men currently housed at The Bell Hotel in the Essex town can stay put. Earlier in [...]
Business confidence edges up despite tax raid fears August 29, 2025 Business confidence has grown for the fourth consecutive month, according to a fresh survey, despite rising speculation of a fresh tax raid on businesses by the Labour government. Lloyds Bank’s business confidence index edged up two points to 54 per cent in August as sentiment among manufacturers climbed to its highest in a decade. The [...]
Rachel Reeves told ‘copy Margaret Thatcher’ with bank tax raid August 29, 2025 Britain’s banking titans are back in the hot seat as Rachel Reeves faces renewed calls to hike taxes on lenders. The self-described “iron Chancellor” has been advised to take a leaf out of Margaret Thatcher’s book with a fresh levy on banks that would hand the Treasury up to £8bn a year. The levy – [...]
Household costs hit private renters and families in Labour’s first year August 28, 2025 Household costs rose higher for families and renters than other groups in the year to June, official data has shown, as inflation has nearly doubled in the first year of Labour compared to the last year of the previous Conservative government. The Office for National Statistics (ONS) said overall UK household costs rose by 3.9 [...]
Asda boss slams tax hikes: ‘Businesses have to be allowed to invest’ August 28, 2025 Asda chair Allan Leighton has warned that the Government must change the way it thinks about growth or risk a stagnating economy. Ahead of Asda’s quarterly results – where the grocer reported its fourth consecutive quarter of improving like-for-like sales – Leighton said that the company has a “simple philosophy… if you want growth, you [...]