OBR chief says higher tax is ‘not good’ for growth – or the government July 15, 2025 Chancellor Rachel Reeves risks harming the UK economy’s potential to grow by inflicting extra tax hikes on Brits, the fiscal watchdog has warned, adding that the government risks losing out on returns in the longer run. Rachel Reeves looks poised to raise taxes at this year’s Autumn Budget as leading City analysts believe the higher [...]
Firms spring into gear as Reeves green lights UK captive insurance regime July 15, 2025 The UK government has greenlit a captive insurance framework with Rachel Reeves set to reveal the decision in her Mansion House speech this evening
Rachel Reeves launches major fintech push to galvanize listings July 15, 2025 Rachel Reeves has laid out the government’s plans to make the UK the world leader in fintech in the Chancellor’s latest effort to attract a fleet of listings from the industry. Reeves today unveiled the Treasury’s Financial Services Growth and Competitiveness Strategy, in which she laid out her vision to make the UK the “world’s [...]
Reeves seeks to spark retail investor revolution July 15, 2025 High street banks Barclays and Lloyds will lead an advertising campaign to encourage more Brits into retail investing as part of a wider effort to get savers to boost the UK economy. In rallying calls to financial services, Chancellor Rachel Reeves has unveiled a campaign to encourage savers to invest in stocks and bonds, drawing [...]
Enough with black-hole blaming, Reeves is ignoring low hanging fruit July 15, 2025 Raising taxes and plugging black holes, Reeves's discourse ignores proven (and easier) methods to boost productivity, says Paul Ormerod.
Rachel Reeves accelerates deregulation push in Leeds Reforms July 15, 2025 Rachel Reeves has laid out plans to “rewire” the financial services system in a deregulation push as part of her Leeds reforms package. The Chancellor said the plans will make the UK the number one destination for financial services businesses by 2035 as the government “doubles down on the UK’s global strengths”. The Leeds Reforms [...]
Give business a voice to get back to growth July 15, 2025 The energy, ambition and innovative new ideas we need to turn Britain around is out there, it just needs to make itself heard, says Emma Revell Last year I wrote – on these very pages – that “[o]ne of the biggest hurdles we face as a country is a fundamental misunderstanding between the people who [...]
Minister says only ‘average incomes’ up to £39k safe from Reeves’ tax hikes July 15, 2025 A government minister has said that Labour will stick to its manifesto commitment not to raise personal taxes, at least for those on “average incomes” – earning up to £39,000. Successive ministers over multiple days of media rounds have been caught in an increasingly tangled mess of definitions of what it means to be “wealthy”, [...]
B&M’s shares drop despite hints of turnaround from new CEO July 15, 2025 B&M has reported a strong set of results under its new CEO after a tough year and a half marked by supply chain issues. But its share price still plunged by 13 per cent in early trades, pulled down by concerns about margin pressures like price deflation and cost inflation. The FTSE 250 company told [...]
Robert Walters: Recruiter’s income slumps as tariff pressures bite July 15, 2025 Recruiter Robert Walters took a hit to income in the second quarter of 2025 as economic pressures weighed on hiring. The group recorded a 13 per cent slump in net fee income to £72.7m as “macroeconomic uncertainty became more pronounced”. Fee income from specialist professional recruitment fell 14 per cent to £60.7m. Meanwhile, recruitment outsourcing [...]