Reeves told to use Spring Statement to fix ‘unintended consequences’ of Budget March 24, 2025 Rachel Reeves must use the Spring Statement to fix the “unintended consequences” of her Autumn Budget, the boss of a tax services firm has said. Tom Shave, President of the Europe and Asia-Pacific division at Ryan, has urged the Chancellor to use Wednesday’s update to provide businesses under economic pressure necessary support. Shave anticipated Reeves’ [...]
Spring Statement 2025: Reeves urged to fund Bakerloo Line and HS2 Euston March 24, 2025 London’s property sector has called on Rachel Reeves to introduce new funding models in the Spring Statement to prevent critical transport projects, such as HS2 Euston in the UK capital from stalling. The London Property Alliance, which represents real estate developers and investors, said the government “must be bold” if it wants to move forward [...]
Spring Statement won’t ‘alter basics’, Starmer insists, amid tax cuts reports March 24, 2025 The Spring Statement this week will not “alter the basics” of public spending plans, Sir Keir Starmer has insisted.
Mid-sized firms will add two million jobs to UK economy by 2028, BDO says March 24, 2025 Mid-sized businesses could add £745bn to the UK economy in the next three years, according to new research by the financial services firm BDO. Chancellor Rachel Reeves has set out her ambitions to deliver growth “further and faster”, but her plans have come under fire as the Office for Budget Responsibility looks set to halve [...]
Editor’s Interview: Charles Tyrwhitt founder – ‘No point whinging about the government’ March 24, 2025 The founder of Charles Tyrwhitt, Nick Wheeler, has told City AM that there’s “no point whinging about what the government are doing or not doing, because they’re not going to change,” adding “I’ve got to get on and make my own decisions.” His comments came during an interview with City AM in which he lamented [...]
Buy Persimmon and Taylor Wimpey ahead of Spring Statement says broker March 24, 2025 Investment bank Jefferies has said investors should ‘Buy’ shares in UK housebuilders like Persimmon and Taylor Wimpey ahead of this week’s Spring Statement. Chancellor Rachel Reeves is set to present her Spring Statement later this week. Due to her commitment to just one major fiscal event, it was intended as an update rather than a [...]
Add growth to Bank of England’s remit, Treasury told March 24, 2025 The Treasury has been urged to change the Bank of England’s remit to include growth after a new paper by the Institute of Economic Affairs (IEA) said a focus on nominal GDP would lead to “more stable” policymaking. The Bank is mandated to hit an inflation target of two per cent and sets interest rates [...]
London businesses dismiss Chancellor’s growth hopes March 24, 2025 Firms across London think the government will fall flat on its ambition to grow the UK economy, a new survey has shown. Chancellor Rachel Reeves has set out to woo businesses in the City of London over the last few years. But around nine in ten businesses across the capital doubt the government can achieve growth, [...]
Mixed bag of PMI data as services grow but manufacturing slumps March 24, 2025 Chancellor Rachel Reeves has received mixed signals about the state of the UK economy ahead of her Spring Statement as S&P Global’s purchasing managers’ index (PMI) pointed to an upturn in services while manufacturing declined again. The Spring Statement will be delivered on Wednesday as global trade war tensions escalate and worries over incoming tax [...]
Financial watchdog to push savers to take more risk March 24, 2025 The Financial Conduct Authority (FCA) is set to encourage retail investors to up their level of risk when managing their savings, as part of its mandate to support growth in the UK economy. The watchdog has drawn up the plans as part of a new five-year strategy that is set to launch later this week, [...]