Tories call for Starmer to sack Rachel Reeves October 30, 2025 The Tories are calling for Keir Starmer to sack Rachel Reeves as Chancellor for breaking the law. In a ratcheting up of the political pressure on Reeves, the opposition party has said the Chancellor should be fired for failing to register her family home when she rented it out before moving to Downing Street. In [...]
Mel Stride rules out electoral pact with Reform October 30, 2025 Shadow Chancellor Mel Stride has insisted the Conservatives will not strike an electoral deal with Reform UK due to their “completely ruinous” economic agenda. In an interview with a new online magazine led by the centre-right think tank Bright Blue, Stride said his party should avoid “indulging in populist politics” and focus on calling out [...]
Pound falls to 2023 low against Euro as Budget jitters spike October 29, 2025 The Pound suffered a sharp drop on Wednesday as investors braced for an economic hit in Rachel Reeves’ forthcoming Budget. Sterling’s downturn came as the UK’s fiscal watchdog looks set to hand a hefty downgrade to the country’s productivity growth. On Wednesday morning, the pound fell 0.4 per cent against the Euro to 1.13 – [...]
Keir Starmer refuses to rule out income tax raid at the Budget October 29, 2025 Keir Starmer dodged questions on whether Labour would raise income tax, VAT or national insurance, the clearest sign yet that the government is looking at breaking key party manifesto commitments on taxes. During Prime Minister’s Questions on Wednesday, Kemi Badenoch grilled Starmer on whether Rachel Reeves was laying the groundwork for an income tax raid [...]
Autumn Budget: Rachel Reeves pledges to beat ‘gloomy’ economic forecasts October 29, 2025 Rachel Reeves has insisted that the UK can overcome bleak forecasts that look set to box her into manifesto U-turns and further tax hikes. The Chancellor wrote in The Guardian that she is “determined not to simply accept the forecasts”, pointing to interest rates cuts and trade deals as examples of Britain on the right [...]
Reform UK pledges to ‘have legislation drafted’ before next election October 28, 2025 Reform UK has vowed to write draft legislation before entering government if it were elected into Downing Street, with sweeping changes to Whitehall and civil service codes to be among its top priorities. At a press conference on Tuesday afternoon, policy chief Zia Yusuf and the backbencher Danny Kruger said the party “don’t come with [...]
Starmer: UK will not be pushed by China on embassy October 28, 2025 Sir Keir Starmer has hit back at China’s Foreign Ministry as he said a decision on its embassy proposal at the Royal Mint Court site, located just beyond the Square Mile, would be taken in a “proper way regardless of any views or pressure from anyone”. In an interview with Bloomberg, the Prime Minister defended [...]
The smoking ban is emblematic of how the Tories lost their way October 27, 2025 The generational smoking ban shows what happens when Conservatives go against their instincts, says Karl McCartney When you are fortunate enough to be elected as an MP you have many issues that you might wish to pursue. In my and many of my former colleagues’ cases, these issues reflected basic Conservative values, encompassing a range [...]
Housing market stalls as ‘fearmongering about budget’ hurts confidence October 27, 2025 House price growth in the UK has slowed and sales have dropped for the first time in two years as more buyers adopt a ‘wait and see’ strategy ahead of a tax-raising Budget next month. Zoopla found that the usual Christmas slowdown has “begun six to eight weeks early”, with buyer demand down eight per [...]
FTSE 100 Live: Goodwin shares soar, HSBC $1.1bn Madoff hit, Petrofac administration October 27, 2025 Good morning from the City AM liveblog team. Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys quite often, not least when it looks as if the bond market could do with a bit of reassurance, and it means that she won’t [...]