Motorpoint sold hundreds of cars using AI agent as profits jump November 12, 2025 Motorpoint has revealed it sold hundreds of cars using its new AI agent as the car dealer reported a jump in profits. Chief executive Mark Carpenter said the use of the agent allowed the London-listed firm to be more persistent with its sales strategy when human sales agents might have given up. “We’ve sold about [...]
Rachel Reeves mulls second booze tax hike November 12, 2025 Chancellor Rachel Reeves is considering an increase in taxes on alcohol in line with a higher reading of inflation in a repeat of last year’s Budget, according to reports. Reeves could hike duties by the retail prices index (RPI) inflation rate in a bid to raise more cash to fill an estimated £30bn fiscal hole [...]
Three quarters of Brits think UK ‘heading in wrong direction’ as Budget looms November 12, 2025 The UK is heading in the wrong direction, most Brits believe, in the latest sign of rising gloom about the state of the country’s economy. A City AM/Freshwater Strategy poll has shown that 76 per cent of voters are pessimistic about the future of the country, the highest level of pessimism recorded since our polling [...]
Trade wars turn demand for global tax advisers in £50bn market November 12, 2025 The global tax advisory growth rate for 2025 is expected to nearly double last year’s rate, driven largely by the policies of the US President Trump’s administration, including trade wars and tariffs. According to a new report by research-led advisory firm Source Global Research, the market value for tax advisory services is forecasted to reach [...]
Autumn Budget: How could Rachel Reeves change dividend tax rules? November 11, 2025 The Treasury has reportedly turned its attention to dividends as part of its efforts to fill up the public coffers in this month’s Budget. Chancellor Rachel Reeves is considering raising dividend taxes on 26 November, a move that could potentially raise £1.5bn according to the Resolution Foundation think tank. The speculation comes as the Treasury [...]
Voters say Rachel Reeves should resign if income taxes are hiked November 11, 2025 A majority of voters believe Rachel Reeves should resign as Chancellor if she breaks a key Labour manifesto commitment by raising income tax. Labour’s 2024 election manifesto said the party would not put up taxes on working people, including VAT and income tax. But in the lead-up to a crucial Budget where the Chancellor is [...]
Rachel Reeves concedes manifesto pledges may be dropped November 10, 2025 Chancellor Rachel Reeves has suggested that Labour manifesto commitments will be ditched amid a “significantly worse” economic inheritance than expected last year. In an interview with the BBC, Reeves said she would prefer to increase government spending on infrastructure rather than cut taxes for Britons. When asked whether the government would stick to manifesto commitments, [...]
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 [...]