Salary sacrifice cuts could damage retirement savings November 13, 2025 Brits will save less into their pensions if rumoured changes to salary sacrifice schemes are confirmed in the Budget, putting individual retirements and economic growth at risk. According to the Association of British Insurers (ABI), nearly 40 per cent of people will put less into their pension if Chancellor Rachel Reeves decided to cap salary [...]
Productivity growth twitchy in wake-up call for OBR and Reeves November 13, 2025 Productivity levels stuttered in the third quarter of the year, an initial estimate has shown, subverting the Chancellor’s hopes of boosting output in the UK economy. The Office for National Statistics (ONS) said on Thursday morning that quarterly growth in output per hour rates was 0.7 per cent, the highest level since the end of [...]
John Caudwell: Britain needs more employment, not more employment law November 13, 2025 The Employment Rights Bill shift the balance too far in favour of workers at the expense of bosses, and will strangle job creation as a result, says John Caudwell As an entrepreneur, I built successful businesses that employed many thousands of people. That experience taught me two things. First, Britain’s prosperity depends on successful employers [...]
UK economy barely grows in third quarter November 13, 2025 The UK economy grew at a more sluggish pace than expected in the third quarter of the year amid a pervasive sense of gloom across the country ahead of the Budget. The Office for National Statistics (ONS) said there was 0.1 per cent GDP growth between July and September, triggering fears among City analysts that [...]
FTSE 100 Live: Economy grows 0.1 per cent; Rolls-Royce eyes profit jump November 13, 2025 Good morning from the City AM liveblog team. The FTSE 100 is inching a step closer to the magic 10,000 mark after almost a year of outperforming counterparts across the Atlantic. London’s blue-chip index managed to rally to a 0.12 per cent gain in yesterday’s session closing at 9,911.42p. In the afternoon, it inched to a [...]
Business leaders bemoan Budget uncertainty as tax hikes loom November 13, 2025 Business leaders up and down the country have poured scorn on the Chancellor after months of Budget uncertainty damaged consumer confidence and forced firms to hold off key investment decisions. Scores of chief executives, from retail to hospitality to telecoms and manufacturing, have voiced their concern over the lack of a clear fiscal plan after [...]
Starmer promised a calmer politics – how’s that working out? November 13, 2025 They say that if you’re explaining, you’re losing. That quote, attributed to Ronald Reagan, came to mind yesterday as I watched Keir Starmer squirm his way through howls of laughter in the House of Commons as he insisted “we are a united team.” This was fish in a barrel stuff for Tory leader Kemi Badenoch, [...]
Reeves’ £28bn wealth fund under fresh scrutiny November 13, 2025 Rachel Reeves’ flagship National Wealth Fund has come under scrutiny after an audit identified “weaknesses” in the multi-billion pound vehicle’s risk controls. An audit of the National Wealth Fund (NWF) pointed to potential failures in the effectiveness of risk, management, governance and internal controls. Whilst the findings from the report confirmed “improvements have taken place”, [...]
Reeves and Starmer are now at the mercy of the markets November 13, 2025 A government elected on competence and stability may now gamble both to stave off internal revolt. For investors, the message is that British politics has not regained the calm that markets briefly hoped for, says Helen Thomas The markets once again have a starring role on the stage of political intrigue. Allies of the Prime [...]
Labour tightens cyber rules after JLR and M&S breaches November 12, 2025 The government has introduced its long-awaited cyber security and resilience bill to parliament, promising to toughen the UK’s defences against the growing wave of cyberattacks on businesses and public services. Ministers say the new legislation represents a ‘step change’ in national security, with the aim of protecting vital services such as energy, water and healthcare [...]