Government slashes red tape to tackle housing crisis May 28, 2025 The government will slash red tape to get more construction by smaller building firms off the ground, and to “get working people on the housing ladder,” Deputy Prime Minister Angela Rayner has said as Labour looks to promote its pro-business credentials. A relaxation of environmental protections is expected, including Biodiversity Net Gain (BNG) requirements which [...]
Businesses rethink legal strategy as costs of lawyers surge May 28, 2025 Increasing amount of legal work will be handled by in-house law teams rather than law firms as businesses face cost pressures
HMRC review signals potential pension tax changes in Autumn May 28, 2025 Rachel Reeves could target pension savers in fresh tax grab as the Chancellor looks for additional ways to fund the government’s ballooning spending. His Majesty’s Revenue and Customs (HMRC) has published research as part of an official review of workplace retirement schemes, exploring cuts to the tax benefits of salary sacrifice pension schemes. The schemes, [...]
AIM to shed billions as market projected to shrink by a fifth May 28, 2025 London’s junior stock market is set to deepen its listing crisis as it heads towards its 30th birthday. The alternative investment market (AIM) is projected to have £12.3bn of market capitalisation, after 61 companies announced plans to ditch their listing. A combination of mergers, private equity takeovers, delistings in favour of private securities venues and [...]
UK public spending will swell to more than half of GDP, IMF warns May 28, 2025 The British state will swell to more than half the total size of the UK economy under the government’s current plans, the International Monetary Fund has warned, as it sounded the alarm on “tough policy decisions” needed to meet ballooning spending. Total public expenditure is projected to grow by eight percentage points over the next [...]
London slips from top smart centre spot May 28, 2025 London has lost its place as the world’s top hub for science and tech innovation after a sobering report warned of the City’s slipping global status. The UK’s capital fell behind San Francisco and Zurich which stormed ahead with a gain of 16 and 6 points respectively. Meanwhile, London’s rating shed three points as it [...]
Farage challenges Labour as ‘working class’ party May 27, 2025 Nigel Farage has insisted that Reform has replaced Labour as “the party of the working class,” while introducing a litany of policies which he claims represent the interests of working people. In a speech on Tuesday morning, the Reform leader goaded the Labour Party, accusing leaders of being “absolutely terrified” of him. Farage lambasted Labour’s [...]
Relentless surge in government debt is unsustainable says BIS May 27, 2025 Policymakers across the world need to get a grip on the relentless surge in public government debt, a leading economist has warned. Agustin Carstens, general manager of the Bank for International Settlements (BIS) said fiscal authorities have a “narrow window” to put their house in order “before the public’s trust in their commitments starts to [...]
Up to 4,000 livelihoods at risk as ABF prepares to pull plug on bioethanol plant May 27, 2025 As many as 4,000 livelihoods are at risk after the owner of Britain’s largest bioethanol plant has warned it could shut within days, citing UK-US tariff policy. ABF, which owns the Vivergo Fuels plant in Yorkshire, has written to farmers warning it planned to suspend purchases of wheat used in the production process unless the [...]
Farage unveils Reform UK’s new economic policies May 27, 2025 Reform UK leader Nigel Farage has unveiled a tranche of policies aimed at increasing birth rates in the UK, cutting down on government spending, and reinstating welfare policies as he seeks to capitalise on the party’s popularity. The new policies are part of a wider push from the party to present themselves as “the party [...]