Reeves’ LLP tax proposal will undermine ‘cornerstone of UK economy’ November 10, 2025 A professional services trade body warned that Rachel Reeves’ proposed increase in NICs for LLPs could lead to widespread conversion to limited company structures, undermining a successful British business model. The limited liability partnership (LLP) model, in which members (known as partners) invest their own capital in the business, was introduced 25 years ago and [...]
Reeves set to bring in US-style whistleblowing pay for HMRC November 10, 2025 Chancellor Rachel Reeves is set to reveal a US-style whistleblower scheme to combat large-scale tax fraud. Later this month, HMRC is expected to launch a reward scheme, according to the Financial Times, which could pay informants as much as 30 per cent of any taxes collected as a result of tip-offs. The new US-style incentive [...]
Business leaders warn Budget tax hikes could trigger higher prices November 10, 2025 Senior business leaders have called on the government to avoid increasing the cost of employment in the upcoming Autumn Budget, in order to avoid SMEs raising prices. According to a new report by Employment Hero, 86 per cent of the 1,000 business leaders are concerned about what the upcoming Budget will mean for them, as [...]
Tax row erupts as Reeves tells watchdog she will break manifesto November 7, 2025 The Labour government is split in a fresh tax row after Rachel Reeves reportedly told the fiscal watchdog she will raise income tax in her forthcoming Autumn Budget – a move that will break a key manifesto pledge. The Chancellor is said to have informed the Office for Budget Responsibility that an increase to income [...]
Higher earners to ‘pay thousands more’ in Reeves’ income tax raid November 7, 2025 Brits earning more than £75,000 could pay thousands of pounds more in tax should Rachel Reeves raises income taxes by 2p while cutting national insurance by the same percentage for those earning under £50,000. The Chancellor warned Brits that everyone will have to “contribute” to her Budget plans earlier this week, which has been interpreted [...]
Firms’ inflation fears highest in two years amid interest rate hold November 6, 2025 Firms’ long-term inflation fears are at their highest level since the end of 2023, a Bank of England survey revealed on Thursday, prompting the majority of Monetary Policy Committee (MPC) members to vote for interest rates to be held. On an average reading in the three months to October, business leaders’ inflation expectations for the [...]
Construction industry sheds workers at steepest rate in five years November 6, 2025 The UK’s construction industry suffered another crippling hit in October after the rate of job shedding hit its steepest level in just over five years. The latest Purchasing Managers Index (PMI) from S&P Global showed the sector had tumbled to 44.1 last month, down from 46.2 in September. This marks the tenth consecutive month the [...]
Banks set to escape tax raid from Rachel Reeves after lobbying November 6, 2025 Rachel Reeves is expected to avoid a cash grab on Britain’s banking titans in her forthcoming autumn Budget after the industry flagged concerns around international competitiveness. The Chancellor is understood to be hesitant on targeting the banks for a cash raid after a string of warnings from top industry chiefs on the impact on economic [...]
UK businesses shrug off Budget tax fears in push for growth November 5, 2025 UK businesses enjoyed a boost in activity in October due to improved demand for good, a leading survey has indicated, in signs that the momentum in growth was growing ahead of the Budget. S&P Global’s purchasing managers’ index (PMI) has offered the Chancellor and the Bank of England some positive relief ahead of crucial policy [...]
Chancellor urged to back long-term prosperity in upcoming Budget November 5, 2025 A leading UK wealth manager has urged Chancellor Rachel Reeves’ to back wealthy individuals focused on building wealth and increasing UK investment in the November Budget. Rathbones has called on the government to offer support to wealthier Brits in this month’s Budget in order to drive long-term, sustainable investment and end the cycle of weak [...]