UK economy stalls in second quarter September 30, 2025 The UK economy grew at a sluggish pace of 0.3 per cent in the second quarter of the year, official data has shown, another major setback for Chancellor Rachel Reeves’ as she hopes to oversee higher growth. The Office for National Statistics left its growth figure unchanged from a previous estimate as it confirmed its [...]
Rachel Reeves was overshadowed by her future self September 30, 2025 The Chancellor’s speech yesterday was overshadowed by one she hasn’t yet delivered; that’ll be the Budget, on 26 November. The whole country knows that the November Budget is going to be painful, one way or another, and its inevitable constraints (in fact, just the timing of it) meant that Reeves wasn’t able to say much [...]
‘It’s risky to be in the UK’ – Cleo founder on unicorn status and City regulation September 30, 2025 Nine years ago entrepreneur Matt Clifford took a data scientist to a “terrible pub” to convince him to drop his PhD and create his own start-up. “You may as well just take the risk, the biggest risk is not taking the risk,” Clifford told a young Barney Hussey-Yeo. Almost a decade later in 2025, Hussey-Yeo [...]
Will we mourn the loss of WH Smith from the high street? September 29, 2025 So long then, WH Smith, a firm which has graced our high streets for more than a century – even though it never intended to. Founded as a small newspaper kiosk in Mayfair in 1792, the business grew massively in the mid-19th century, spurred by the rapid expansion of the railways, which allowed consumers up [...]
Rachel Reeves warns ‘harder choices’ coming at Budget September 29, 2025 Chancellor Rachel Reeves has warned that her choices will be “harder” at this year’s Budget, with questions being raised on whether she will row back on Labour manifesto tax commitments to plug a £30bn shortfall. In a speech at the Labour Party conference, Reeves said that “harsh global headwinds” and the effects of her Tory [...]
Natwest chair: Rachel Reeves’ Budget must include radical tax reform September 29, 2025 The chair of banking giant Natwest has called for Rachel Reeves to implement “radical tax reform” in her Autumn Budget. Rick Haythornthwaite has said a “bold long-term plan” to “kick-start growth” would reassure jittery bond markets and “deliver much-needed social benefits”. “This is the time for a 10-year programme of radical tax reform. Time for [...]
Instead of a taxi tax, Reeves should fix the absurd VAT system September 29, 2025 Reeves’ tax grab on taxis highlights the absurdity of the VAT system and raises the question of whether VAT should be levied more consistently across goods and services, says Ben Ramanauskas It has been reported that Rachel Reeves will announce at the Budget that taxi journeys will be subject to VAT. This has drawn criticism [...]
We need more retail investors to get Britain growing, Rachel Reeves told September 29, 2025 Chancellor Rachel Reeves has been told to introduce measures in the Autumn Budget which will encourage more people in the UK to become retail investors. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, ClearScore CEO Justin Basini said that more people needed to be persuaded to start investing as a key way [...]
Labour say manifesto stands ‘today’ as Reeves ducks VAT hike September 29, 2025 The Chancellor would not rule out fresh rises to VAT ahead of her speech to Labour Party Conference later today, when pressed on the issue by LBC’s Nick Ferrari this morning. Asked whether Brits could face increases to the retail levy, Reeves said: “You’ll know we made those commitments in our manifesto, and those commitments [...]
The world believes in Britain, the government must too September 29, 2025 Business leaders remain laser-focused on delivering growth, now the Chancellor must create the conditions for them to do so, says Chris Hayward As the Chancellor prepares to address the Labour Party Conference, her desk in Number 11 Downing Street is doubtless already buckling under the weight of submissions featuring friendly advice about how to shape [...]