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Rachel Reeves

  • Whitehall in talks with City for non-dom reform after exodus

    January 11, 2026

    Whitehall is locked in talks with City bigwigs as the Labour government seeks to attract wealthy investors to the UK following the tumultuous fallout to the scrapping of the non-dom regime. The non-dom status was changed by Chancellor Rachel Reeves in the Autumn Budget 2024 and was swapped for a residence-based system that taxes all [...]

  • Starmer and Reeves ‘credibility shot’ after pubs tax U-turn, says Badenoch

    January 11, 2026

    The credibility of Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves has faced a bruising after they were forced to make a dramatic U-turn on their business rates reform for pubs, the leader of the Conservative party has said. Ministers are set to water down the business rates bombshell slapped on pubs following fierce [...]

  • Migrant visa applications plummet in test to Reeves

    January 10, 2026

    Migrants’ skilled worker visa applications plummeted in December, posing a test to Rachel Reeves and economists at the Office for Budget Responsibility (OBR) to take control of public finances.  New figures showed that the number of skilled worker visa applications dropped to 2,500 in December, having increased to a peak of 10,100 in April 2024. [...]

  • Pound to suffer ‘until May’ amid Starmer leadership troubles

    January 9, 2026

    Sterling will suffer from speculation over Keir Starmer’s leadership until at least the May elections, economists have predicted, with 2026 tipped to become another year where Westminster infighting sparks City jitters.  Analysts at Investec have suggested that the further strengthening of the pound will be held back by continued questions over Starmer’s authority across the [...]

  • Fiscal rules are a ‘self-awarded badge of honour’ that ‘make no difference’

    January 9, 2026

    Fiscal rules are “largely ineffective” and fail to impose discipline on public expenditure, a new report has said, bringing into question claims made by UK Chancellors and the International Monetary Fund that a clear list of targets can stabilise public finances.  Chancellor Rachel Reeves has held up her “iron-clad” fiscal rules, which hinge on changing [...]

  • Financial services suffer ‘rapid’ fall in business

    January 8, 2026

    Financial services are suffering from a “rapid” fall in business activity, new survey data has shown, pointing to investors’ struggles to revive a spluttering UK economy.  The Confederation of British Industry (CBI)‘s figures suggested financial services companies experienced a decline in business volumes and profitability at the end of last year, hitting confidence across the [...]

  • Ministers to offer business rates relief to pubs after backlash

    January 8, 2026

    Panicked ministers are poised to water down the business rates bombshell faced by pubs, after an aggressive backlash from the industry saw over a thousand landlords ban Labour MPs from their premises. The government is expected to announce an overhaul to the way it calculates business rates for pubs within days, which it says will [...]

  • Rates row shows how little Labour understands business

    January 8, 2026

    Whether it’s your after work favourite or your home local – whether you drink or not – everyone has a favourite pub. But the sector is facing a crisis – and we know whose fault it is. We also know the challenges facing British pubs reflect a bigger problem in the relationship between this government [...]

  • Sober January for alcohol stocks as Brits ditch the booze

    January 8, 2026

    After a boozy festive period, it’s time for non-alcoholic stocks to raise a toast, as millions of Brits take on Dry January. Diageo shares have shrunk 0.23 per cent this week to 1,597.8p, while Amsterdam listed Heineken shares fell 1.7 per cent to €68.32 (£59.20). Beyond January, Brits are becoming more sober conscious. Nearly 50 [...]

  • Greggs shares tumble as baker gets burnt by flaky economy

    January 8, 2026

    Shares in Greggs took a tumble on Thursday morning after “disappointing” sales growth from a subdued economy left investors with little to cheer for. The chain’s total sales in the golden quarter rose 7.4 per cent as it opened 207 new shops in the last 12 months leading to a net gain of 121 new [...]

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