Goldman Sachs chief warns Rachel Reeves against bank tax October 14, 2025 The boss of Goldman Sachs has warned Chancellor Rachel Reeves that an increase to the financial burden slapped on the banking sector would dent economic growth ambitions. In a private meeting with the Chancellor, David Solomon said hitting the industry with higher taxes would dampen wider prospects for the country’s growth. The remarks come ahead [...]
Reeves considers tax breaks for startups in effort to preserve headroom October 13, 2025 Reports have suggested that Rachel Reeves is considering offering entrepreneurs new tax reliefs as she tries to stimulate growth in the economy and unlock productivity. As part of an effort to limit the damage to the current headroom of £9.9bn due to productivity downgrades by the Office for Budget Responsibility (OBR), Reeves is reportedly discussing [...]
Reeves warns the rich will ‘contribute more’ as Budget tax squeeze looms October 12, 2025 Rachel Reeves has signalled that wealthier households will be asked to “contribute more” in her Budget next month, as the chancellor seeks to close a £20–30bn gap in the public finances without cutting spending or taking on new debt. Treasury sources told The Telegraph that Reeves will neither reduce public spending nor expand borrowing significantly, [...]
Don’t stop at housing, abolish stamp duty on shares too October 10, 2025 Abolishing stamp duty on housing would be a bold step towards economic renewal. But don't stop there, says Blake Stephenson.
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 [...]