Reeves’ spending spree could open £20bn gap – which taxes will rise? June 12, 2025 Rachel Reeves splashed the taxpayer cash in her inaugural Spending Review, raising expectations the Chancellor may be coming back for more tax revenue in the Autumn if her growth ambitions are not met. Reeves is set to hand out an extra £190bn in government spending over the course of the parliament, in what she described [...]
Reeves should use the Spending Review to make pay conditional on performance June 9, 2025 If the public sector had matched the productivity improvements of the private sector over the last 15 years or so, Keir Starmer would have £100bn more to spend this year. Instead of reheated policies, it’s time for real reform, says Tim Knox Keir Starmer, to his credit, has been making the right diagnosis. Six months [...]
‘Never again’: Shadow Chancellor apologises for Truss’ mini-budget June 5, 2025 Shadow Chancellor Mel Stride is set to apologise for the fallout from the 2022 mini-budget, vowing that “never again will the Conservative Party undermine fiscal credibility by making promises we cannot afford.” In a speech later today, Stride is expected to apologise on behalf of the Tory government for having “put at risk the very [...]
Starmer refuses to commit 3 per cent defence spending despite ‘battle-ready’ claim June 2, 2025 Keir Starmer has been criticised for failing to commit to increasing defence spending to 3 per cent of GDP. The Prime Minister vowed to put in place the “largest sustained increase in defence spending since the Cold War,” with a 2.5 per cent share of GDP going to defence. However, the PM maintained that hitting [...]
Migrant daily arrivals top 1,000 for first time this year June 1, 2025 More than 1,100 migrants arrived in the UK after crossing the English Channel on Saturday, the highest number recorded on a single day so far this year. The latest Home Office figures show that 1,194 migrants arrived in 18 boats, bringing the provisional annual total so far to 14,811. This is 42 per cent higher [...]
New warning over ‘stealth’ £9bn income tax raid May 27, 2025 The government is under fire over its “stealth tax bombshell” as hundreds of thousands of Brits are set to be dragged into higher tax bands by the end of the decade. As many as 1.9m workers will see their pay fall into higher tax brackets by 2030 as the bands fail to keep pace with [...]
Former PM David Cameron in job talks with law firm DLA Piper May 23, 2025 Former Prime Minister Lord David Cameron is discussing a job role with law firm DLA Piper
UK net migration almost halves in 2024 May 22, 2025 Net migration was cut in half in 2024 as 431,000 people arrived in the UK, official data has shown, suggesting Tory-era policies have had some of their desired effects. The Office for National Statistics (ONS) said fewer people arrived on work and study-related visas while an increase in Brits leaving the UK also reduced net [...]
Labour’s National Wealth Fund hounded with calls for clarity May 15, 2025 Labour’s National Wealth Fund (NWF) faced renewed pressure on Wednesday as the Treasury Committee kicked off its inquiry into the new body. The NWF’s ability to boost economic growth across the country was the subject of questions posed by MPs to investment industry leaders. Its status as a “wealth fund” came under fire against comparisons [...]
Key takeaways from Deliveroo’s Doordash deal May 6, 2025 Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]