FOMO worries drive investors to get their hands on gold October 30, 2025 Global demand for gold hit record breaking highs in the recent financial quarter, as investors continue to pay significant amounts in order to get their hands on the asset amid fears of missing out on the rally. The precious metal has soared over the course of the year, storming to $4,381 (£3,308.64) this month, with [...]
Business owners still plan staff cuts due to last year’s NICs raid October 30, 2025 Nearly half of business owners are still planning to reduce headcounts in response to Chancellor Rachel Reeves’ £25bn tax hike on employers’ national insurance contributions (NICs), a new survey has indicated, pointing to the long-lasting economic effects of a brutal tax raid in her first Budget. Reeves made sweeping tax hikes last year to fund [...]
Mel Stride rules out electoral pact with Reform October 30, 2025 Shadow Chancellor Mel Stride has insisted the Conservatives will not strike an electoral deal with Reform UK due to their “completely ruinous” economic agenda. In an interview with a new online magazine led by the centre-right think tank Bright Blue, Stride said his party should avoid “indulging in populist politics” and focus on calling out [...]
Badenoch stitched Starmer up like a kipper October 30, 2025 Kemi Badenoch scored a direct hit on Keir Starmer at Prime Minister’s Questions yesterday. In asking him if he could rule out raising income tax, VAT or national insurance she stitched him up like a kipper. She knew (we all knew) that he would decline the opportunity and the Tory leader knew that when she [...]
Keir Starmer may not survive this Budget October 30, 2025 The Prime Minister cannot satisfy all three key audiences: the markets, the party, and the public, says Helen Thomas Every Prime Minister faces a moment when economic reality collides with political promise. For Keir Starmer, Budget day could be that moment of reckoning. He promised calm after chaos: that the grown-ups were back in charge, [...]
‘Unprecedented’ number of small businesses expect to shrink or close down October 30, 2025 A record number of small businesses are expecting to shrink or close down in the next year, a leading industry group has warned, amid a “vicious” cycle of low growth and fears that next month’s Budget could cause more pain for businesses. Nearly one in three of the UK’s small businesses (30 per cent) expect [...]
Pension tax grab could threaten retirement for millions October 30, 2025 A potential raid on pensions in the upcoming November Budget could cause pension funds to lose billions, threatening businesses and the retirement outcome for millions of Brits. UK pension funds could suffer a £50bn loss over the next five years if the Treasury decides to slash pension tax reliefs, according to analysis from wealth manager [...]
Nvidia hits historic $5tn market cap October 29, 2025 AI and chips behemoth Nvidia has smashed another record valuation, with its $5tn market cap that puts it well clear of the GDP of Germany – the fourth biggest economy in the world. Shares in Nvidia jumped up 3.5 per cent in premarket trading, amid a surge in investor enthusiasm for AI. Nvidia’s surge followed [...]
Pound falls to 2023 low against Euro as Budget jitters spike October 29, 2025 The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget. Sterling’s downturn came as the UK’s fiscal watchdog looks set to hand a hefty downgrade to the country’s productivity growth. On Wednesday morning, the pound fell 0.4 per cent against the Euro to 1.13 – [...]
Keir Starmer refuses to rule out income tax raid at the Budget October 29, 2025 Keir Starmer dodged questions on whether Labour would raise income tax, VAT or national insurance, the clearest sign yet that the government is looking at breaking key party manifesto commitments on taxes. During Prime Minister’s Questions on Wednesday, Kemi Badenoch grilled Starmer on whether Rachel Reeves was laying the groundwork for an income tax raid [...]