By: Felix Armstrong

Felix Armstrong is a freelance journalist interning at City A.M. He is currently studying at the University of Cambridge, and has written for the Telegraph and the Times.

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Benefits to increase more than expected next April

October 22, 2025

Most state benefits will rise by 3.8 per cent next year in line with September’s rate of inflation, exceeding earlier predictions by the Treasury watchdog. September’s CPI inflation figures are used to calculate the increase to many welfare bills which take effect next April, including universal credit and personal independence payments (Pips). The rise is [...]
Rachel Reeves’ growth policies scored by City AM

October 20, 2025

As Rachel Reeves does her maths ahead of the 26 November Budget, she will hope that Labour’s policies have delivered enough growth to limit the number of tax hikes needed to restore her £9.9bn fiscal headroom. The fiscal black hole facing the Treasury could be between £20bn and £30bn due to higher borrowing costs, productivity [...]
Hiking VAT would have ‘serious negative impact’, economists warn Reeves

October 10, 2025

A hike to VAT would “have a serious negative impact” on the UK, leading economists have warned, as the chancellor weighs which taxes to put up at next month’s Budget to plug a £30bn shortfall. An increase in the sales levy would have the biggest negative impact of any major tax rise, leading to a [...]
What will Rachel Reeves’ budget pay for and where will the money come from?

October 9, 2025

Rachel Reeves’ November budget is fast approaching, and steep tax rises are once again on the cards. Speaking at Labour conference last month, the Chancellor hinted at tax hikes by warning that she will be forced into “harder choices” by “harsh global headwinds”. To balance the books in accordance with her much-discussed fiscal rules, Reeves [...]
Capital gains tax raid should have ‘health warning’, Labour warned

October 6, 2025

Labour risks stunting growth and discouraging investment if it pursues further capital gains hikes, tax advisers have warned, as reforms proposed by top think tanks were pushed back on by industry figures. Rachel Reeves and Keir Starmer have talked up the prospects of attracting investment in the UK and making the wider tax system fairer [...]
Explainer: Why are energy prices so high?

October 2, 2025

Energy prices for consumers across the UK rose again this month. Ofgem, the energy regulator, set the maximum annual rate for an average household for gas and electricity at £1,755 until the end of the year. The cap is now over £600 higher than when it was first introduced in 2019. Under the cap, [...]
Tories vow to scrap net zero targets and prioritise cheap energy

October 2, 2025

Tory leader Kemi Badenoch has vowed to scrap legislation forcing the government to achieve net zero by 2050 promising instead to prioritise “cheap and reliable” energy if elected to government. The Climate Change Act was first passed in 2008 before being amended in 2019 under Theresa May’s government to include a legally-binding target to reach [...]
Why graduates face a brutal jobs market

September 26, 2025

While students flung mortar boards in the air after receiving their degrees, not everyone had cause to celebrate. Graduation was supposed to be the golden ticket to a dream career: get a good degree at a good university, and jobs at professional service firms, banks and consultancies would be there for the taking. For many [...]
Election 2024: Jeremy Hunt clings on amid bloodbath of Tory big beasts

July 5, 2024

Jeremy Hunt has clung on to his Surrey seat as scores of former cabinet colleagues were ousted in a bloodbath of Tory big beasts around the country.
Election 2024: Farage wins in Clacton as Reform UK snaps up votes from Labour and Tories

July 5, 2024

Nigel Farage has shaken the political landscape of the UK this evening after winning a seat in parliament at the eighth time of trying - but his party Reform UK looks set to potentially undershoot initial predictions of 13 seats in the commons.

Fifa won’t fix itself – scrap it now and set up a World FA, led by Uefa and South America

Fifa won’t fix itself – scrap it now and set up a World FA, led by Uefa and South America

Is the Maybach GLS the most excessive SUV?

By: Felix Armstrong

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