Reeves ‘pressures business chiefs to talk up the UK economy’ October 11, 2025 Rachel Reeves has ramped up pressure on business leaders to “talk up” the economy in the run up to the Autumn Budget. The Chancellor has framed her rallying cry to businesses that if they do not support a positive narrative around the economy, they risk Nigel Farage becoming Prime Minister. The Treasury has warned top [...]
Majority of Brits reject Labour’s ‘nanny state’ policies October 11, 2025 A majority of Brits reject ‘nanny state’ measures from Labour to control “unhealthy” lifestyle choices stating they have more trust in themselves than the government. Fresh polling from the Adam Smith Institute shows six in ten Brits do not support the government having much control over adults’ health and personal decisions. It comes after the [...]
Recession fears spike after Trump threatens new China tariffs October 11, 2025 President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled. Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy. The President [...]
OBR risks being ‘unreasonably pessimistic’ as Reeves set to be given leeway October 10, 2025 The Office for Budget Responsibility (OBR) risks being “unreasonably pessimistic” if it decides to downgrade productivity growth trends by more than 0.1 percentage point, fresh analysis has indicated, in what could hand Chancellor Rachel Reeves some extra leeway at this year’s Budget. The fiscal watchdog is widely expected to downgrade productivity forecasts as part of [...]
Budget rumours spark a surge in client queries for financial advisers October 10, 2025 Independent financial advisers have seen a significant uptick in client enquiries in the run up to the Budget, as speculation over tax changes continues to plague Brits. According to analysis from wealth management firm, Rathbones,90 per cent of independent financial advisers (IFAs) have reported a spike in client enquiries as the November Budget inches closer. [...]
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.
Hiking VAT would have ‘serious negative impact’, economists warn Reeves October 10, 2025 A hike to VAT would “have a serious negative impact” on the UK, leading economists have warned, as the chancellor weighs which taxes to put up at next month’s Budget to plug a £30bn shortfall. An increase in the sales levy would have the biggest negative impact of any major tax rise, leading to a [...]
Tinned tuna giant Princes confirms intention to float October 10, 2025 Tinned tuna heavyweight, Princes, has confirmed its intention to proceed with its IPO to list on London’s main index. The decision comes just one week after the Italian-owned business announced it was considering a listing. The offer will be comprised of new ordinary shares to be listed by the company, in order to raise net [...]
FTSE 100 Live: Ibstock shares tumble, Princes confirms £1.5bn London IPO October 10, 2025 Good morning from the City AM liveblog team. JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more [...]
Number of job seekers spike as high taxes continue to hurt UK economy October 10, 2025 The number of job seekers has spiked while a rise in starting salaries was “fractional”, according to analysis of leading survey data, in signs the jobs market is struggling to shake off higher taxes and low growth prospects. New monthly findings by the Recruitment and Employment Confederation (REC) and KPMG have pointed to another rise [...]