UK bank bosses and John Healey set for tax showdown October 5, 2026 When banking lobbyists geared up for an offensive ahead of the 2025 Budget, a tax cut barely made the wishlist. Modest in their ambitions, advocates were preparing to settle for anything that didn’t see their already eye-wateringly high tax bill rise. That is until, City AM understands, officials advised them to make a cut a [...]
Raising bank taxes will reduce jobs, former Chancellor Hunt warns Healey October 5, 2026 Former Chancellor Jeremy Hunt has issued John Healey a major warning over any increase to the level of taxes paid by UK banks ahead of the forthcoming Budget. The top Tory MP, who has sat on the back benches since Labour came to power in 2024, said Healey must ignore the “siren voices” calling for [...]
Startup success is rare enough in the UK without any more taxes October 5, 2026 If our rare startup successes are taxed further, more of our spinouts will end up sold early to foreign buyers and we risk losing their IP.
Britain’s second richest person leaves for Monaco amid tax bite October 4, 2026 Britain’s second richest person has left Britain for Monaco where billionaires can avoid paying income tax, inheritance tax or capital gains tax, according to reports. David Reuben, who also partly owns Newcastle United alongside Saudi Arabia’s Public Investment Fund, is joining his brother Simon in the principality, The Sunday Times reported. The two brothers were [...]
The huge costs facing Andy Burnham – and the financial tightrope he must walk October 1, 2026 Andy Burnham said he didn’t set out to deliver a “tub-thumping conference speech” but it was packed with huge pledges to take control over utilities and expand the state. Maurício Alencar considers just how costly his promises are in the long term – and in the next month. Andy Burnham had all the goodies for [...]
Burnham pledges to reform triple lock to fund new National Care Service September 29, 2026 Andy Burnham has said Labour will drop the triple lock on state pensions in its manifesto for the next election in order to fund a sweeping new National Care Service. In his address to party members, Burnham said the party would link a rise in the state pension to inflation or 2.5 per cent every [...]
British Airways defeats HMRC in £5.8m Heathrow cabin crew tax dispute September 29, 2026 British Airways has won a tax battle against HMRC over whether costs tied to cabin crew accommodation at London Heathrow Airport were subject to £5.8m in income tax and national insurance contributions. Following an appeal in June, the Upper Tribunal ruled in favour of the airline on Monday, dismissing the tax authority’s claim and finding [...]
Legal sector warns against tax ‘raid’ proposal on client account interest ahead of Budget September 29, 2026 London’s legal sector has sounded the alarm over government plans to cut interest on law firms’ client accounts to fund the justice department, warning it could drive some law firms out of business. The Ministry of Justice’s consultation on a proposal to introduce an Interest on Lawyers’ Client Accounts Scheme (ICLA) closed in March after [...]
Revolut and Monzo urge Healey to raise bank tax threshold September 28, 2026 Revolut, Monzo and Shawbrook are among a raft of challenger banks calling for John Healey to raise the threshold at which UK lenders are hit with an additional tax grab. The group – which also includes Investec, Aldemore and OSB – have written to the Chancellor ahead of the Budget in a bid to remove [...]
Wealth advisers battle client fears as Budget tax speculation grows September 28, 2026 Wealth advisers are being hit with an influx of questions over tax changes as speculation over what may be announced in next month’s Autumn Budget continues to grow. Wealth and asset managers across the City are reporting a surge in conversations with affluent clients who are becoming worried about potential tax changes which could affect [...]