Keir Starmer puts Treasury manpower in No 10 at expense of Reeves September 1, 2025 Keir Starmer has made a series of new appointments that point to his drive to bolster No10’s focus on the UK economy at the expense of the Treasury. Starmer has given Darren Jones the newly-created position of chief secretary to the prime minister after he previously served as the chief secretary to the Treasury. In [...]
The worrying bond market trend no one is talking about September 1, 2025 Spiking interest rates on the UK government’s borrowing costs have set off a fresh wave of commentary on the health of Britain’s economy. Ali Lyon explores why it is only long-dated bonds where tremors have been most pronounced, and why the U has plenty of company. What will you be doing in 30 years’ time? [...]
Outlook for UK economy ‘remains subdued’ as bosses battle cost hikes September 1, 2025 Private sector bosses are predicting activity to shrink again over the next three months when a fresh bout of inflation is expected to compound cost pressures hoisted upon them at last year’s Autumn Budget. According to the Confederation for British Industry’s (CBI) Growth Indicator, more firms expect trading conditions to worsen in the three months [...]
Manufacturing recovery collapses amid spiralling costs September 1, 2025 Manufacturing output hit a three-month low in August, a new survey has suggested, after early signs in the summer indicated the sector was on a path to recovery. The Labour government is determined to deliver higher growth, with strategy papers outlining plans to boost production across the UK by lowering energy costs. But new purchasing [...]
Voters oppose higher taxes and want Rachel Reeves sacked September 1, 2025 The majority of UK voters would be opposed to higher taxes despite pressures on public finances, a new poll has found. Analysis by economists has suggested that Rachel Reeves will have to raise taxes by as much as £50bn in the Autumn Budget, with property owners and pension pots reportedly set to be targeted by [...]
Reeves warned ‘sin taxes’ could fail to boost tax receipts September 1, 2025 Labour officials have been warned that plans to boost government revenue by raising “sin taxes” could be judged harshly by the Office for Budget Responsibility (OBR) this year, with industry bosses calling on the Treasury to listen to “on-the-ground concerns” before making a final decision. Reports have suggested the government could raise gambling levies later [...]
Budget 2025: Lloyds, Natwest and Barclays brace for a tax raid? September 1, 2025 Ahead of the 2024 Autumn Budget, Prime Minister Sir Keir Starmer warned Labour’s first fiscal event was “going to be painful”. He added those with the broadest shoulders “should bear the heavier burden” as Chancellor Rachel Reeves battled against an alleged ‘£22bn black hole’ inherited from the Conservative government. After lobbying efforts, banks were spared [...]
Firms mildly confident about growth after worst reading on record September 1, 2025 Firm owners are now mildly confident about seeing their companies grow after July’s reading showed business confidence at the second-lowest level on record, according to a leading industry group’s monthly survey. A survey by The Institute of Directors (IOD) has said that business leaders’ confidence in their own organisations is now in positive territory, having [...]
Business execs should snap out of summer slump quickly this year September 1, 2025 As the Budget moves closer into view, it looks like business execs will be met with stark awakenings in post-August office reset.