Reeves’ Budget tax hikes force nearly 5,000 pubs to the brink November 3, 2025 The tax hikes announced by Chancellor Rachel Reeves in last year’s Budget have contributed to almost 5,000 pubs now being rated at maximum risk and becoming technically insolvent, according to new research. Figures from Price Bailey have revealed that just over 4,7000 pubs are now in that position, a 14 per cent rise on this [...]
Autumn Budget could ‘exacerbate’ manufacturing challenges November 3, 2025 Fears that the UK manufacturing industry’s recovery could be “short-lived” have jumped as firms brace for a painful Autumn Budget. The latest S&P Global’s manufacturing Purchasing Managers’ Index (PMI) edged up to 49.7 in October, marking a 12-month high for the sector. But this remained stubbornly below the all-important 50.0 threshold, which indicates whether a [...]
The Entertainer makes huge loss as Reeves’ Budget forces job cuts November 3, 2025 The Entertainer made a raft of redundancies as a result of Chancellor Rachel Reeves’ first Autumn Budget as it fell into the red during its latest financial year, it has been revealed. Teal Group Holdings, which also includes Early Learning Centre and Addo Play, cut 41 jobs and withdraw 15 other roles which were being [...]
Rachel Reeves considering ‘exit tax’ on wealthy Brits fleeing the UK November 3, 2025 Rachel Reeves is looking at a tax on wealthy Brits leaving the UK and a mansion tax, as last ditch levers to pull ahead of the Budget. The Times reported on a possible 20 per cent “settling-up charge” on business assets, which is the rate of Capital Gains Tax (CGT). It is thought that the [...]
Reeves urged to fix Britain’s ‘broken credit system’ that’s failing millions of renters November 3, 2025 A coalition of MPs, lenders, fintechs and charities have urged Rachel Reeves to fix the UK’s “broken credit system”, warning that millions of renters are being locked out of home ownership. The Financial Freedom for Everyone campaign, which includes The Money Charity and Clear Score, sent an open letter to Chancellor Rachel Reeves’, calling on [...]
UK unemployment rate to hit 5 per cent next year, EY predicts November 3, 2025 The UK’s unemployment rate is set to rise to five per cent in the beginning of next year before falling back, a leading forecaster has said. In its latest update on forecasts for UK growth, EY ITEM Club has suggested that the UK jobs market is set to see a further decline in the next [...]
New body to run military housing in Ministry of Defence overhaul November 3, 2025 Ministers are set to create a new quango to run military housing after concluding the Ministry of Defence was not up to the job. The new Defence Housing Service, to be announced by Defence Secretary John Healey on Monday, will take over management of service accommodation after years of complaints about poor quality homes. It [...]
Defence secretary: there will be “consequences” from weak economic forecasts November 2, 2025 Defence Secretary John Healey has warned there will be “consequences” from recent weaker economic forecasts in the nearing Autumn Budget. The minister insisted no final decisions had been made for the upcoming Budget, which will be delivered by Chancellor Rachel Reeves on 26 November. However, he acknowledged that the Office for Budget Responsibility (OBR) saw [...]
Business confidence at ‘rock bottom’ as tax rumours spook directors November 1, 2025 Business confidence remained at “rock bottom” in October as Budget rumours test executives’ nerves amid fears of rising costs and a collapse in growth, a top industry group’s survey has indicated. Rachel Reeves has publicly said that tax hikes are under consideration at this year’s Budget while rumours have suggested big businesses could be hit [...]
Londoners race to invest as the rest of the country falls behind October 31, 2025 Londoners are gearing up to invest in the stock market in 2026 but the rest of the country is failing to shift away from cash savings. According to fresh research from wealth manager Stratiphy, nearly 70 per cent of Londoners are planning on investing in the next 12 months, in a bid to secure higher [...]