Henrys face horrid Budget amid looming tax raid October 21, 2025 High Earners Not Rich Yet individuals, also known as Henrys, are bracing for a horrid Budget as they could face a tax rate higher than a current level of 60 per cent, analysts have warned. Henrys, who are generally classed as professionals earning around £100,000 or more and often have little savings or fewer assets, [...]
Analysts dampen outlook for FTSE 100 banks as tax clouds gather October 21, 2025 The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also comes alongside flaring tensions between the lending industry [...]
HSBC shares jump after naming top Natwest boss as new UK chief October 21, 2025 European banking juggernaut HSBC enjoyed a bump in its share price as markets opened on Monday after the bank named its new UK boss. David Lindberg, who most recently led retail banking operations at Natwest, will join the FTSE 100 titan to take the helm at its UK bank. Shares jumped near two per cent [...]
The top one per cent account for a third of tax revenue October 21, 2025 The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24, it has been revealed. According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised. The top 100,000 paid £54.9bn and covered a [...]
UK government borrowing soars in September to highest in five years October 21, 2025 UK government borrowing soared north of £20bn in September, official data has revealed, in another blow for Rachel Reeves as she gears up for a painful tax-raising Budget next month. The Office for National Statistics (ONS) said government borrowing over the month was the highest seen for five years and an increase of £1.6bn compared [...]
FTSE 100 Live: Public borrowing jumps, Coca Cola £2bn takeover October 21, 2025 Good morning from the City AM liveblog team. The London listings revival is gathering pace as prize draw operator Winvia today confirmed plans for an initial public offering (IPO) in the capital. The Omaze rival is set to list on London’s junior AIM market, seeking to raise around £40m from the sale of new shares [...]
Third of employers would hire young people if offered tax credits October 21, 2025 Over a third of employers would hire more young people if they were offered tax credits, fresh research has found, amid reports the government is drawing up a plan to subsidise employment for under 24-year-olds. Research by the Recruitment and Employment Confederation (REC) showed some 36 per cent of employers claiming they would offer role [...]
Labour’s alarmed by the Green surge? So am I. October 21, 2025 Spare a thought for Keir Starmer; he seems to have been so busy fighting a monster on the right, in the form of Nigel Farage, that he hasn’t noticed another deadly enemy emerging on the left. At least, that’s the concern expressed by some Labour MPs alarmed by the rise of the Greens and, specifically, [...]
ONS: We know we need to do more to improve our data October 21, 2025 After calculation errors thwarted the publication of price indices in the spring, the ONS's James Benford explains how the institute has improved its dataset.
Execs see pound signs in AI tech, not just efficiency October 20, 2025 C-suite business executives are even more enthusiastic about AI than the lawyers and accountants at the professional services firms advising them. According to research by Thomson Reuters, 90 per cent of corporate C-suite leaders say AI will have ‘high’ or ‘transformational’ impact in the next five years, compared to just 80 per cent of lawyers [...]