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Tax

  • Goldman Sachs: Tax increases will not improve public finances

    September 10, 2025

    Chancellor Rachel Reeves has been warned by a leading Wall Street bank that hiking taxes later this year will not improve the state of public finances.  Reeves is widely expected to raise taxes by at least £20bn at this year’s Autumn Budget, with property owners, gambling companies and pension pots likely to be hit with [...]

  • Rayner scandal piles pressure on HMRC as tax surveillance force swells

    September 9, 2025

    HMRC has increased the number of staff trained to physically monitor suspected tax evaders, as pressure mounts over Angela Rayner’s £40,000 stamp duty scandal. Official figures, obtained via Freedom of Information (FOI) and shared with City AM, show that 337 staff are now trained in covert surveillance, up from 171 people two years ago, in [...]

  • Rachel Reeves defends Labour against bond market selloff 

    September 9, 2025

    Chancellor Rachel Reeves has launched a defence of Labour’s economic record and blamed her Tory predecessors for the mass selloff in the gilt market despite growing criticism of the government’s fiscal policies.  In a parliamentary session before MPs, Reeves said the government had made “fully funded and fully costed” plans to support its £190bn splurge [...]

  • Race for Labour deputy reignites wealth tax debate

    September 9, 2025

    Labour’s Islington South and Finsbury MP Emily Thornberry has thrown her hat in the ring for Labour deputy leader and proposed a new wealth tax as part of her campaign, prompting Chancellor Rachel Reeves to strike down calls by ruling out its introduction. Thornberry, the former shadow foreign secretary under Jeremy Corbyn’s leadership who now [...]

  • UK economy dubbed ‘stagflation-lite’ as Starmer talks up ‘patriotic’ growth mission

    September 9, 2025

    The UK economy is not expected to have recorded any growth in the month of July as leading analysts suggest that a lack of clarity over Labour’s future policies are hitting firms – despite a call from the prime minister for ministers to take on a “patriotic duty” to drive growth.  Rachel Reeves and Keir [...]

  • Rachel Reeves’ tax raids drag UK to world’s worst hiring slump

    September 9, 2025

    Chancellor Rachel Reeves’ tax raids on employers have continued to harm the economy with fresh figures showing the UK had the worst hiring slump across the globe. The UK suffered the biggest global drop in year-on-year planned hiring, contracting 17 percentage points. Singapore, Hungary and Finland, which followed, all contracted nine per cent, according to [...]

  • Budget: More than sport at stake when it comes to betting tax hikes

    September 9, 2025

    Today marks my first anniversary as chief executive of the Betting and Gaming Council. It’s a privilege to represent an industry that contributes billions to the economy and plays such an integral role in British sport and culture. But it’s also a moment of real jeopardy for our sector, and for the sports and communities [...]

  • Brits resort to ‘job-hugging’ as tax hikes bite

    September 9, 2025

    Workers are now resorting to ‘job-hugging’ after last year’s Labour tax raid had a chilling impact on the UK jobs market. The £40bn cash grab, unveiled by Rachel Reeves in last year’s Autumn Budget, has triggered a significant slowdown in hiring and has resulted in substantial job losses nationwide. As a result of these changes, [...]

  • Rayner resigns: Legal advice excuse falls flat in tax duty scandal

    September 5, 2025

    Angela Rayner threw her lawyers under the bus over her brewing tax scandal, but the lawyers rebutted, citing the “arrows stuck” in their backs, as experts insisted she shouldn’t have hid “behind legal advice”. When it emerged that Rayner had underpaid £40,000 in tax on her £800,000 property in Hove, it prompted calls for her [...]

  • Starmer refuses to say he’ll sack Rayner if she broke ministerial code

    September 4, 2025

    Keir Starmer has refused to confirm that he would sack Angela Rayner as housing secretary – and deputy PM- even if the government’s ethics adviser finds that she has broken the ministerial code.  In an interview with the BBC, Starmer said he would “make a decision on what I see” in a report expected to [...]

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