Non-dom exodus could cost the Treasury £12.2bn May 6, 2025 Chancellor Rachel Reeves’ decision to remove tax exemptions for non-doms could lead to “billions” in losses from the public purse, new research has suggested, in a blow to the Treasury’s fiscal plans. Reeves followed through with manifesto pledges by removing tax exemptions from mega-rich non-domiciled individuals at last year’s Autumn Budget, something the Office for [...]
Home Office to clamp down on visa overstays amid pressure from Farage May 6, 2025 New Home Office rules would put curbs on work and study visas from nationalities most at risk of overstaying and going on to claim asylum as part of Labour’s push to reduce net migration. Applications from Pakistanis, Nigerians and Sri Lankans are among those set to be restricted, according to a report in The Times. [...]
When words matter more than numbers at the Bank of England May 5, 2025 City analysts have pencilled in their predictions for Thursday. Here’s how almost all of them likely read. Interest rates will be cut to 4.25 per cent, the Bank of England’s inflation forecast for this year will exceed its two per cent target and President Trump’s tariffs will be highlighted as a detriment to UK growth. [...]
Ed Miliband’s net-zero plans risk causing blackouts, says Union boss May 5, 2025 The boss of one Labour’s largest supporting unions has urged Sir Keir Starmer to ignore the “false prophets of climate fundamentalism” and rethink the current net-zero timetable. Writing in the Times, GMB General Secretary Gary Smith warned the government’s pledge to transition to clean power by 2030 could lead to blackouts akin to those in [...]
Reform’s local election sweep puts Starmer and Badenoch in hot seat May 3, 2025 Sir Keir Starmer and Kemi Badenoch face pressure to reverse their parties’ fortunes after the local elections saw Reform UK make major gains across England. Nigel Farage hailed the results as “the end of two-party politics” and “the death of the Conservative Party” as Reform picked up 10 councils and more than 600 seats in [...]
Live results: Reform takes ten county councils in local elections landslide May 2, 2025 Reform is set to pick up hundreds of council seats around the country both from the Conservatives and Labour, in a significant electoral breakthrough. So far, the party has gained more than 500 seats, with the vast majority still to be counted and formally announced. In a major coup for Reform, it has taken control [...]
Reform picks up new MP and first ever mayoralty May 2, 2025 Reform UK has crystallised months of strong polling data into substantial gains at the local elections, winning a knife-edge by-election and securing its first mayoralty. Nigel Farage’s party won in Runcorn and Helsby by just six votes, with Sarah Pochin elected as its new MP – replacing former Labour MP Mike Amesbury, who was convicted [...]
Solar panels must be fitted on all new homes from 2027 in net zero push May 1, 2025 New rules will mandate that housebuilders fit solar panels on the roofs of almost every new-build home from 2027, in a move slammed as an “ideological crusade”. According to a report in The Times, the policy change would add around £3,300 to the cost of building a semi-detached or terraced house, with a £4,000 premium [...]
Mercer: Pension funds need better pick of UK investments for key deal to work May 1, 2025 The government’s proposed pensions deal will not boost growth unless better UK investment opportunities are put on offer, the boss of one of Britain’s biggest funds has warned. In an interview with City AM, Benoit Hudon suggested a stronger pipeline of UK assets was needed as current options did not deliver good enough returns for [...]
Labour to be handed ‘spying powers’ on bank accounts in Fraud Bill April 30, 2025 Labour is facing fresh questions over its Fraud Bill, which has been slammed for handing the government “spying powers”. The legislation, which passed in the Commons on Wednesday, bulks up the Department for Work and Pensions’ (DWP) ability to recover money directly from fraudsters’ bank accounts. The DWP pledged the reforms would deliver “the biggest [...]