UK state growing at faster pace than France after spending splurge and tax hikes October 14, 2026 The size of the British state is growing by a larger amount than any other G7 nation apart from Germany since the pandemic in 2020, figures on government spending from the International Monetary Fund have shown. The IMF’s latest report on countries’ fiscal outlook shows that UK government spending is set to rise by 5.2 [...]
Dan Neidle: too many of our taxes make no sense October 14, 2026 We spend a lot of time talking about tax as a revenue raiser and far less time asking whether the taxes themselves make any economic sense. We rarely think seriously about how the design of the tax system itself can encourage or inhibit growth, says Dan Neidle Britain’s demographics are brutal. Spending on health and [...]
Exclusive: Healey looks to lower business costs of hiring young people October 14, 2026 Chancellor John Healey is drawing up measures to slash the cost of hiring under-25-year-olds at the Budget, City AM understands, as the government looks to tackle the crisis of youth unemployment and ease pressures facing businesses. A move to tackle the number of young people not in employment, education or training (Neets) by reducing hiring [...]
Big Four giant Deloitte accused of faking paperwork to hide Roman Abramovich wealth October 12, 2026 The Cyprus branch of Big Four giant Deloitte and its spin-off are alleged to have falsified corporate paperwork to protect former Chelsea FC owner Roman Abramovich’s assets before the UK government sanctioned him. According to a joint investigation by the Bureau of Investigative Journalism (TBIJ) and BBC Panorama, it is alleged that accounts signed off [...]
Healey is chasing away City professionals for very short-term gains October 9, 2026 Retaining the individuals who fund business expansion should be considered a national priority, but Healey looks more likely to drive them away.
How to prevent the next Asos? Give businesses cybersecurity tax relief October 9, 2026 With Asos just the latest to be the victim of a cyber hack, it's time for the UK to start incentivising businesses to up their security.
Badenoch’s inheritance tax gamble October 8, 2026 The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon chews over Kemi Badenoch’s Tory conference inheritance tax overhaul, and what it might mean for the UK’s irrational tax system. Sign up to the [...]
Bolt set for £190m VAT bill after legal defeat October 8, 2026 Ride-hailing platform Bolt has been refused permission to appeal a case brought by HMRC over how it calculates and pays its VAT. This follows HMRC winning an appeal in June against the Estonian tech giant over its VAT payments and calculations, overturning earlier decisions that had ruled in Bolt’s favour. The tax authority brought the [...]
Minister denies Labour’s tax hikes behind youth unemployment October 8, 2026 The Labour government’s £25bn hike in taxes paid by employers is not the main driver behind rising youth unemployment, a government minister told City AM. Baroness Jacqui Smith, the skills minister, said that changes in NICs and minimum wages have not been the main drivers behind a rise in unemployment rates for people under the [...]
Badenoch vows to end inheritance tax on family homes October 7, 2026 Kemi Badenoch has announced that the Tories will scrap inheritance taxes on family homes if the party is elected. In her main address to party members at the Conservatives’ conference, she said the Conservatives would restore “common sense” as political leaders enter a “battle for the soul of this nation”. The new pledge on inheritance [...]