Rachel Reeves: We are looking at tax hikes October 15, 2025 Chancellor Rachel Reeves has revealed the government is considering making tax hikes at this year’s Budget, the first time she has made the admission in public. In an interview with Sky News, Reeves admitted that the government was considering raising tax and cutting spending to fill a fiscal hole. The Chancellor said she would “always [...]
‘Exceptional’ M&S chair Archie Norman cleared for three more years in role October 14, 2025 Marks and Spencer’s board has unanimously extended Archie Norman’s tenure as chair in light of his “exceptional” performance over the last nine years. While it is uncommon for chairs to stay longer than nine years, the board of M&S agreed that Norman’s “deep knowledge of the business, drive and unique experience” were invaluable to the [...]
Whisper it: British manufacturing has been a quiet Brexit success story October 14, 2025 It’s time Brexit Britain created a trade policy that focuses on its competitive advantages, says Daniel Dieppe Brexit was never meant to be an economic success. At least, according to the Treasury estimates, which predicted a year-long recession, a 500,000 increase in unemployment and a reduction in growth between three and six per cent. Yet [...]
Google could be forced to change search in the UK October 10, 2025 Google may be forced to make changes to how its search engine operates in the UK after the competition watchdog granted it ‘strategic market status’ under the country’s new digital markets regime. The Competition and Markets Authority (CMA) confirmed the designation on Friday, giving it new powers to impose rules on Google’s search and advertising [...]
Business confidence slumps to three-year low as tax fears ‘quash risk-taking’ October 9, 2025 Business confidence has plummeted to its lowest level in three years, an industry body’s leading quarterly survey has found, as rising tax fears ahead of the Budget are “quashing” investment and growth in the UK economy. The Labour government has boasted that the country was “open for business” after it struck investment deals with tech [...]
Mark Kleinman: Reeves heads outside in hunt for new banking watchdog October 9, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves heads outside in hunt for new banking watchdog File it under ‘Rachel Reeves’s headaches’. A search for Britain’s top banking regulator is about to get underway, and the word in Whitehall is that the chancellor [...]
Kemi gets the stamp of approval, but for how long? October 8, 2025 Kemi Badenoch’s speech at Conservative Party Conference was a vital moment to reset her leadership and reclaim her party’s mantle as the party of business. She rose to it, says Alys Denby One of the chief joys of Conservative Party Conference is being denounced as “Tory scum” by a protester standing outside in the rain. [...]
Mel Stride: I would raise income tax in Rachel Reeves’ position October 7, 2025 Shadow Chancellor Mel Stride has said he would raise income taxes if he were in Rachel Reeves’ position, facing a £30bn black hole in the public finances. Speaking at a fringe event at the Tory party conference in Manchester, Stride said raising income taxes was the “cleanest” tax hike option available. His comments will likely [...]
The Weir star Owen McDonnell on starring with Brendan Gleeson October 1, 2025 “This is Ian McKellen’s toilet,” says Owen McDonnell enthusiastically. “Go in and have a look.” Sure enough, there’s a sign on the door of what looks like a broom cupboard that says “Ian McKellen’s WC”. Inside, the walls are plastered floor-to-ceiling with pictures of great thespians – Mark Rylance, Dame Maggie Smith, Dame Judi Dench [...]
EY hires Treasury director to bolster financial services team September 30, 2025 Big Four giant EY has recruited HM Treasury’s director of financial services to add to its financial services risk practice. As exclusively shared with City AM, John Owen has joined EY as a UK consulting partner after over two decades in government. Owen started off in the Ministry of Justice in 2005, before moving to [...]