Pay awards stagnate ahead of national insurance hike March 19, 2025 Pay growth at UK businesses is stagnating as businesses look to cut costs ahead of the Chancellor’s upcoming tax hikes. Figures compiled by HR data and insights provider Brightmine show that pay growth slumped following Rachel Reeves’ Autumn Budget, and have since stagnated at three per cent. The current figure now aligns with the Office [...]
Reeves told to scrap ‘jobs tax’ after headline figures questioned March 12, 2025 A fresh row has erupted just weeks before Rachel Reeves‘ national insurance tax hike comes into effect after the Treasury’s headline figures were scrutinized. When announcing her 1.2 per cent hike to employers’ national insurance contributions (NIC) at the Autumn Budget, Reeves said it would raise “£25bn per year by the end of the forecast period.” [...]
Shadow Chancellor slams inheritance tax changes as an “absurdity” February 26, 2025 Shadow Chancellor Mel Stride has slammed proposed changes to business tax relief, saying that the policy will force many to “shut down or be forced to sell”. Stride’s comments echo those of prominent businesspeople and politicians who have been railing against the higher taxes announced in Labour’s budget for the last four months. “British institutions, [...]
Business secretary accused of false CV claim to be a solicitor February 19, 2025 Business secretary Jonathan Reynolds has been accused of falsely claiming that he was a solicitor before being elected as an MP, despite only being a trainee. The cabinet minister – who is responsible for the UK’s businesses and international trade – has previously described himself as a solicitor, including on his LinkedIn profile, according to [...]
Rachel Reeves vows to fight for economic growth January 28, 2025 The Chancellor will declare that “growth won’t come without a fight” as she unveils her plan to turnaround Britain’s ailing economy with billions of pounds of investment and new infrastructure projects. Reeves will pledge an £80bn boom to the economy from a new Oxford-Cambridge Growth Corridor in a move that comes after the pensions industry [...]
‘Budget hasn’t worked’: Reeves defends China trip as Stride says Brits ‘deserve better’ January 14, 2025 Rachel Reeves has defended her trip to China amid economic turmoil in the UK as MPs argued her Budget “hasn’t worked” and insisted: “The British people deserve better.” The Chancellor appeared in the House of Commons for the first time since last week’s bond market shock threw her public spending plans and fiscal rules into [...]
‘Where is the Chancellor?’: Rachel Reeves urged to cancel China trip amid gilt turmoil January 9, 2025 Mel Stride has criticised Rachel Reeves for her absence in parliament as the UK government’s borrowing costs soar, asking the commons: “Where is the Chancellor?” The Conservative shadow Chancellor hit out at Reeves, who is coming under pressure to cancel a long-planned trip to China and Davos, during an urgent question in the Commons. It [...]
Can you match the quote to the MP who said it in 2024? December 30, 2024 From election campaigning, to Labour’s first months in office, 2024 has been chock-full of memorable political moments. And for our politicians, the past 12 months have seen some memorable quotes enter the record books too. Take a look back at our 2024 quotes quiz and test your political memory.
Changing tune: Now Reeves refuses to rule out future tax rises December 3, 2024 Rachel Reeves has repeatedly declined to guarantee that there will be no more borrowing or tax rises following her first Budget, despite being pressed by MPs on her previous pledge. Speaking at the Confederation of British Industry (CBI) conference in November, the Chancellor sought to reassure business leaders that there would be no repeat of [...]
Conservatives ‘lost the confidence’ of business, Badenoch admits November 25, 2024 The Conservatives “lost the confidence of business” at the July general election and firms “knew we were going to lose”, Kemi Badenoch has admitted. Speaking at the Confederation of British Industry (CBI)’s annual conference on Monday, the Tory leader told attendees Labour’s Budget had got the diagnosis wrong, leading to an “unprecedented raid on businesses”. [...]