What will Rachel Reeves’ budget pay for and where will the money come from? October 9, 2025 Rachel Reeves’ November budget is fast approaching, and steep tax rises are once again on the cards. Speaking at Labour conference last month, the Chancellor hinted at tax hikes by warning that she will be forced into “harder choices” by “harsh global headwinds”. To balance the books in accordance with her much-discussed fiscal rules, Reeves [...]
Business confidence slumps to three-year low as tax fears ‘quash risk-taking’ October 9, 2025 Business confidence has plummeted to its lowest level in three years, an industry body’s leading quarterly survey has found, as rising tax fears ahead of the Budget are “quashing” investment and growth in the UK economy. The Labour government has boasted that the country was “open for business” after it struck investment deals with tech [...]
Autumn Budget: ‘Window is closing’ on Labour’s growth mission October 9, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of BusinessLDN shares what he thinks could be the capital’s 21st century moment. The “window is closing” on the government’s mission to achieve economic growth, the boss of London’s business advocacy group [...]
Kemi Badenoch pledges to abolish stamp duty October 8, 2025 Tory leader Kemi Badenoch has pledged to abolish stamp duty on primary residences to help support people moving into their first home as she centred her speech on backing people wishing to “get ahead in life”. In a speech delivered to Conservative Party members at its Manchester conference, Badenoch said the Tories would cut stamp [...]
Rare reprieve for Reeves as ONS says data error cuts borrowing by £3bn October 8, 2025 Chancellor Rachel Reeves has been handed a rare reprieve ahead of the Budget after a data error reported by the UK’s statistics authority reduced expected public borrowing by £3bn. A mistake in the counting of value added tax receipts by tax collector HMRC was identified in an update by the Office for National Statistics (ONS). [...]
Kemi Badenoch pledges ‘golden rule’ to cut deficit October 8, 2025 Tory leader Kemi Badenoch will reveal her plan to reduce the public deficit will be a “golden rule” in a crucial speech setting out her party’s hopes to regain voters’ trust on the UK economy. Addressing Conservative Party members on Wednesday, Badenoch is set to lay out a central mission underpinning hopes of reviving the [...]
Reeves urged to increase alcohol taxes to tackle workplace drinking October 8, 2025 Pubs and restaurants up and down the country could be forced to serve up higher booze prices as Rachel Reeves has been urged to add fresh alcohol levies to her menu of tax rises at next month’s Budget. The Institute for Public Policy Research, a left-leaning think tank with close ties to the government, has [...]
Brits fear Rachel Reeves’ next Budget will make them worse off October 7, 2025 A majority of Britons believe Rachel Reeves’ next Budget will make them worse off while three in four have lost faith in the government’s growth mission, fresh polling reveals. The Labour government has made growing the UK economy its central mission in government in a bid to claw back support across the electorate. But the [...]
Autumn Budget: Why are banks in Rachel Reeves’ tax crosshairs? October 7, 2025 The “pass the parcel” of Budget speculation has fallen back into the lap of the banking industry with the nation’s top lenders finding themselves as a potential subject of a November cash grab. Fresh reports have indicated Rachel Reeves is actively considering a raid on Britain’s banking giants – even as she continues to make [...]
Tories: Reeves gambling with lives over mooted betting tax October 6, 2025 Rachel Reeves has been accused of “gambling with lives” ahead of a mulled tax rise on the gambling sector in November’s Budget. The Chancellor is tipped to hike the levy on bookies from 15 per cent to 21 per cent, in line with online casinos, in a move critics say could decimate horse racing and [...]