JP Morgan shifts Paris jobs back to London in Brexit shake-up April 28, 2026 JP Morgan is relocating a number of roles at its Paris hub to London in a rethink of policies introduced in the wake of Brexit. The Wall Street titan is shifting a handful of trading roles to London after over-estimating the number of EU-based staff it would need to meet post-Brexit rules. Along with EU [...]
Barclays takes shot at tax speculation as UK growth forecast cut April 28, 2026 Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]
Italy and UK risk driving Formula 1 away with misguided tax raids April 26, 2026 Italy’s latest attempt to claw back tax from Formula 1 drivers and teams is being framed as a crackdown on evasion. In reality, it looks far more like a system struggling to keep up with the modern sport it is trying to regulate. Authorities are reportedly looking to audit teams and drivers retrospectively between 2020 [...]
Tax raids trigger worst start to year on record for businesses April 25, 2026 Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record. Fewer businesses were set up in the first three months of 2026 than in the same period of any year on record, according to figures from the Office of National Statistics. Just 78,655 [...]
Inheritance tax receipts soar to all-time high April 23, 2026 Inheritance tax receipts soared to a record high over the last financial year as Labour’s targeting of property owners helped fund sweeping spending increases. Official data on Thursday morning showed that annual inheritance tax receipts rose to £8.5bn in the year between 2025 and 2026. This compared to total receipts of £8.3bn in the previous [...]
Watch: Sluggish economy puts Brits at their gloomiest for nearly 50 years April 23, 2026 City AM‘s Editor, Christian May, reflects on recent polling that reveals Brits’ economic pessimism has reached depths not seen since 1978. From high taxes to sticky inflation and low growth, there is a strong sense that the country simply isn’t heading in the right direction.
The tax effect: Reeves borrowed less than OBR forecast April 23, 2026 Chancellor Rachel Reeves oversaw lower government borrowing than the Office for Budget Responsibility forecast in the financial year 2024 to 2025, it has been revealed, pointing to the effect sweeping tax hikes have had in narrowing the deficit. The Office for National Statistics has shown that government borrowing over the last financial year was £132bn [...]
How to tax in an energy crisis April 23, 2026 Whether the government wants to maximise North Sea oil extraction or home grown renewables, tax policy can help, says Tim Sarson Recent global events seem to have a knack of happening in places that send energy prices through the roof. Last time it was the loss of piped gas from Russia into Europe. Now it’s [...]
UK workers suffer bigger tax hikes than any leading economy after Reeves’ raid April 22, 2026 Taxes on wages in the UK rose at a faster pace than any country tracked by the OECD as Chancellor Rachel Reeves’ measures have squeezed people’s incomes. A new report by the OECD – the Organisation for Economic Co-operation and Development – has found that taxes in the UK for single workers jumped higher than [...]
‘Concerned but not surprised’: Three-quarters of UK landlords and sole traders miss digital tax launch April 18, 2026 Only a quarter of sole traders and landlord who need to sign up for the UK’s new digital tax system have done so, despite the scheme already having come into effect this month. From 6 April, anyone who earned more than £50,000 in the 2024/25 tax year from property or self-employment income was required to [...]