Tories call for Starmer to sack Rachel Reeves October 30, 2025 The Tories are calling for Keir Starmer to sack Rachel Reeves as Chancellor for breaking the law. In a ratcheting up of the political pressure on Reeves, the opposition party has said the Chancellor should be fired for failing to register her family home when she rented it out before moving to Downing Street. In [...]
Rachel Reeves rented out her home without a licence October 30, 2025 Sir Keir Starmer has ruled out an investigation into Rachel Reeves after she admitted that she rented out her family home without securing a licence. The Chancellor referred herself to an independent ethics adviser after being made aware on Wednesday that Southwark council required her to obtain a “selective” licence to let a property. Reeves [...]
How London’s luxury property market ground to a halt October 30, 2025 On Bishops Avenue, it is quiet. On a recent weekend walk down the mile-long parade of luxury mansions, not a single other person could be spotted strolling along the pavement. The property market for Hampstead-based The Bishops Avenue, known locally as Billionaire’s Row, is equally quiet. Aside from one high-end house snapped up by a [...]
Record number of UK businesses face financial woes ahead of Budget October 30, 2025 The number of UK businesses in ‘critical’ financial distress has surged as the economy cries out for certainty in Rachel Reeves’ November Budget. The number of businesses in ‘critical’ financial distress surged 78 per cent year-on-year, to 55,530 in the third quarter of 2025, up from 31,201 in the same quarter last year. The latest [...]
Rachel Reeves considers income tax hike and national insurance cut October 30, 2025 Chancellor Rachel Reeves is eyeing up a simultaneous 2p hike to income tax and 2p cut to national insurance, it has been reported, in an effort to raise some £6bn. Reeves is considering the controversial tax hike, according to The Telegraph, which would breach the Labour Party manifesto and risk infuriating voters. It would also [...]
FTSE 100 Live: OpenAI plots IPO, Shell kicks off $3.5bn buyback October 30, 2025 Good morning from the City AM liveblog team. The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the [...]
Could this be the clearest sign yet that the rich are leaving Britain? October 30, 2025 It’s hard to know quite how many of the super-rich are leaving London. Some say departure numbers are well into four figures so far this year – others that the estimates are overstated. We can’t get a precise number, but one thing is for sure: it’s happening. The anecdotal evidence of high net worth folk [...]
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 [...]
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 [...]