Reeves warned pensions tax raid could cost UK in the long run July 21, 2025 City platform Hargreaves Lansdown has warned Rachel Reeves that “tinkering” with the pension tax relief could cost the UK in the long run and undermine the government’s fresh attempts to get workers to save more into retirement. The return of the Pensions Commission, which will report its findings on the adequacy of retirement savings in [...]
Wealth tax would be a ‘dangerous road to go down’, BNP investment chief warns July 21, 2025 The chief investment officer at BNP Paribas Wealth Management has become the latest senior banker to warn over plans to introduce a wealth tax in the UK, describing the move a “dangerous road to go down.” In an interview with City AM, Edmund Shing said the move was likely to discourage entrepreneurs from starting a [...]
Ofwat to be replaced with ‘new regulator’ amid Thames Water crisis July 18, 2025 Ofwat, the water watchdog, is expected to be abolished and replaced by a new body next week after facing intense scrutiny over sewage firms and the poor performance of major companies including Thames Water, according to reports. A consultation on the creation of a new regulator is expected to be announced next week after results [...]
Doctors strike: Streeting floats student loan write-off in BMA meeting July 18, 2025 Wes Streeting could offer to write off student loan debt for doctors to persuade the British Medical Association (BMA) to call off a planned strike. The idea came up in an extended meeting between the health secretary and the medical union, just a week out from a five day walkout which could involve as many [...]
UK’s mid-sized firms at fastest growth since Labour elected July 18, 2025 Middle-market businesses are growing at their fastest rate since Labour was elected last July, fresh research has suggested, as UK bosses shake off cost increases in taxes and utility bills. Labour has made economic growth a central mission in government, with small and medium-sized firms highlighted as key to driving national income. Fresh research by [...]
Government must ‘take its head out of the sand’ after jobs plunge July 17, 2025 Small businesses have urged the government to “take its head out of the sand” over tax hikes and a flurry of fresh employment regulations after the Office for National Statistics reported another consecutive month of jobs losses. Responding to Thursday’s unemployment figures, the Federation for Small Businesses said the jobs plunge was “disturbing” and that [...]
Government to lower voting age to 16 and tighten donation rules July 17, 2025 The government will lower the voting age to 16 at the next election and tighten checks on political donations in sweeping reforms aimed at “restoring trust” in democracy and elections. In democratic changes led by deputy prime minister Angela Rayner, the government said it would tighten rules on foreign donations to political parties, which it [...]
Week in Business: Reeves bets on the banks but economy still hurting July 17, 2025 Rachel Reeves set out to charm the City this week, but elsewhere, the economy is reeling from high taxes and low confidence.
House of Lords vote in favour of Tory-backed alternative to ‘day-one’ employment rights July 17, 2025 The House of Lords has voted vastly in favour of a Conservative-led amendment to the 'day-one' rights in the final reporting stage of the Employment Rights Bill
Labour minister: UK-EU trade deal could take another year to kick in July 17, 2025 The UK’s trade deal with the European Union, set to ease food standards and align energy markets could still take another year to come into effect, a Labour minister has warned. In a landmark post-Brexit deal, the UK and EU agreed a deal on food standards to slash red tape for British exporters while giving [...]