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      Why the City isn’t buying a ‘time-limited’ bank tax hike

      Despite the improving outlook, there were growing concerns among US businesses about the UK's tax regime.

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Rachel Reeves

  • Center Parcs: UK pension funds in talks for stake in holiday giant

    December 27, 2025

    A number of Britain’s biggest public sector pension schemes are understood to be eyeing a stake in the holiday giant Center Parcs after the Treasury ramped up its efforts for funds to invest in UK-based assets. The Greater Manchester Pension Fund (GMPF), the London-based Local Pension Partnership (LPPI) and the Edinburgh-based Lothian Pension Scheme are [...]

  • Starmer’s future hinges on May election reckoning, polling expert says

    December 27, 2025

    The future of Sir Keir Starmer’s premiership hinges on the forthcoming May elections where the Labour party is expected to take a bruising, a polling expert has said. Conservative peer Lord Robert Hayward said: “A few months ago it looked as if May 7 would be decisive for the leaderships of both Labour and Conservatives. [...]

  • Can you complete City AM’s economics quiz of 2025? 

    December 24, 2025

    Test your knowledge with City AM‘s Economics Quiz of 2025. The first full calendar year of the Labour government has not been particularly pretty for the UK economy.  The unemployment rate has edged up to 5.1 per cent, inflation rose far above the Bank of England’s 2 per cent target rate and economic activity was [...]

  • Labour U-turns on inheritance tax raid after year of farmer protests

    December 23, 2025

    The Labour government will raise the inheritance tax relief threshold for farms in another dramatic U-turn following a year of backlash from rural communities. On Tuesday, the Treasury and Department for Food and Rural Affairs said it would increase the Agricultural and Business Property Reliefs threshold to £2.5m from £1m when it is introduced in [...]

  • Bet365 boss banks £260m payout despite profit slide

    December 23, 2025

    Billionaire founder and chief executive of Bet365, Denise Coates, saw her pay surge last year, despite the firm’s profit going south. Coates was paid a salary of £104m in the year to March, according to newly filed accounts, while cash dividends to family shareholders tripled to £313.6m. As the firm’s majority owner, Coates was entitled [...]

  • Property slump hits half of London as prime boroughs lead the decline

    December 23, 2025

    London has a “two-speed” market, as house prices are falling in about half of London’s boroughs, with the most expensive boroughs hit the hardest. The average house price in London for October was £547,000, down 2.4 per cent from the previous year, according to the Office for National Statistics (ONS). The data also showed that [...]

  • Tears, scandal, c*ck-ups and conspiracy: Westminster’s worst moments of 2025

    December 23, 2025

    Westminster never disappoints.  When Keir Starmer came into Downing Street, he promised that politics would “tread more lightly” on the lives of everyday people.  He was likely referring to the farce of Partygate, leadership battles and political blunders under successive Tory governments.  But Labour have got caught up in less than pleasant situations of their [...]

  • Business confidence ticked up after Budget, Lloyds Bank says

    December 23, 2025

    Business confidence inched up at the end of 2025, according to a new survey, as firms were brought some relief and clarity after the Autumn Budget. Lloyds Banking Group’s latest Business Barometer found business confidence etched up 10 points by the end of 2025 when compared with the beginning of the year. Half of this [...]

  • ‘Spectre of recession’ looms with growth set to dim in 2026

    December 22, 2025

    The government is facing a critical warning over the looming “spectre of recession” after economic growth stalled in the second half of 2025 and is expected to wane in the new year. On Monday, fresh figures from the Office for National Statistics (ONS) downgraded the economy’s second quarter expansion to a sluggish 0.2 per cent [...]

  • Private sector slump to drag on to Spring 2026, businesses say

    December 22, 2025

    UK business leaders have warned that the sharp downturn in the private sector is likely to continue until Spring 2026, after firms put plans for future investment on ice in the run-up to the Labour government’s Autumn Budget. The Confederation of British Industry (CBI) anticipates private sector output to fall in the fourth quarter after [...]

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