Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Cut net zero and welfare spending instead of police budget, Tory MP blasts June 8, 2025 The shadow home secretary has slammed the Labour government amid mounting speculation police budgets are on the chopping block in Chancellor Rachel Reeves’ spending review. Chris Philp told the BBC’s Sunday with Laura Kuenssberg he believes police funding should be protected from cuts following concerns of a shrinking workforce. “I think I’m very concerned that [...]
Reeves mulls taxpayer-funded subsidy to cut manufacturers’ energy costs June 8, 2025 Rachel Reeves is looking at plans for a £1bn taxpayer-funded annual subsidy to bring down the energy costs for manufacturers after warnings the UK faced “rapid deindustrialisation” without intervention. The Chancellor is facing mounting pressure to lower energy costs for industry with fears high prices are holding back investment opportunities and stifling the country’s competitiveness. [...]
Spending review: Rachel Reeves pledges £15.6bn for regional transport June 4, 2025 The government has made its biggest spending announcement since Labour’s drubbing at the local elections in May, with a pledge from Chancellor Rachel Reeves to double investment in local transport over the next five years. A £15.6bn cash injection will form a major pillar of the 11 June spending review, which the Treasury says would [...]
Nato to pressure UK to spend 3.5 per cent on defence June 3, 2025 The UK will have to spend 3.5 per cent of GDP on defence by 2035 as part of a new Nato demand, according to reports, stretching government expenditure far beyond the current 2.5 per cent commitment made by Keir Starmer. The Labour government has agreed to increase defence spending to 2.5 per cent from 2027, [...]
Cash ISAs: Record £14bn piled in after rumoured cut from Reeves June 2, 2025 A record £14bn was put into cash ISAs in April as the new tax year kicked off, fresh figures from the Bank of England show, marking the highest amount since April 1999. The ballooning savings follow speculation over the fate of cash ISAs amid rumours of a cut to the allowance. In the Spring Statement [...]
What is ‘clearly missing’ from Rachel Reeves’ pension review May 29, 2025 A senior figure at investment bank Peel Hunt has set out what is “clearly missing” from Chancellor Rachel Reeves’ plans for reforming the UK pension industry. The government has provided more details on its proposals which include the creation of £25bn ‘megafunds’ to encourage fresh investment into UK infrastructure and businesses. The Treasury has also [...]
Reeves’ tax raids crush business confidence – but worst is yet to come May 29, 2025 Business confidence plummeted in the three months to May as Rachel Reeves’ tax hikes took hold and firms have warned more pain is to come. Consumer services’ optimism marked its eight consecutive month of decline at -42 per cent, whilst levels of business value plunged to -56 per cent. This was down from -44 per [...]
HMRC review signals potential pension tax changes in Autumn May 28, 2025 Rachel Reeves could target pension savers in fresh tax grab as the Chancellor looks for additional ways to fund the government’s ballooning spending. His Majesty’s Revenue and Customs (HMRC) has published research as part of an official review of workplace retirement schemes, exploring cuts to the tax benefits of salary sacrifice pension schemes. The schemes, [...]
Britain’s start-ups reeling from economic pressure May 27, 2025 Start-up businesses are feeling the sting of an uncertain economic landscape as fresh research shows new firms are employing fewer staff than ever before. The average number of staff for a new firm had slumped to 2.64, down from 3.5 in 2017 according to Cynergy Bank’s latest Business Births and Deaths Index. The research, which [...]
Travelodge in the red amid Reeves’ £21m tax hikes May 22, 2025 Travelodge has fallen to a loss during the first three months of its financial year as it battles the tax hikes announced by Chancellor Rachel Reeves in her Autumn Budget which will cost the hotel chain more than £20m this year. The company confirmed last year that the rise in the National Living Wage will cost [...]