Abacus Global Management Completes Landmark $400 Million Securitization September 25, 2026 ~ Dual-tranche structure and investment-grade rating reflect a maturing securitization platform ~ ~ Transaction was oversubscribed and upsized amid strong demand from institutional fixed income investors ~ ~ Closing advances Abacus’s shift toward recurring, fee-related revenue ~
Personal allowance hike on the menu at October Budget September 24, 2026 The Chancellor is weighing up proposals to raise the personal allowance at next month’s Budget in what could be the biggest shake-up to income tax rules in years. John Healey is reportedly considering unfreezing the income threshold at which earners start paying tax from £12,570 to as much as £15,570. The unfreezing would be the [...]
Autumn Budget: Healey weighs slashing fiscal headroom to reduce tax hikes September 24, 2026 Chancellor John Healey is debating accepting a smaller fiscal buffer in order to reduce tax hikes in next month’s Autumn Budget. The Treasury and No 10 are in active discussions over whether to set a lower buffer in the Budget than the Office for Budget Responsibility set in March, according to reports in the Financial [...]
Business versus the Budget: How a ‘dismal’ fiscal picture could disrupt Labour’s Party conference September 24, 2026 As business chiefs look forward to the Labour Party conference and the ensuing Budget, Maurício Alencar explores how a difficult fiscal backdrop could disrupt meetings and undermine high expectations. In the months leading up to the Budget, hundreds of notes fly through the Treasury’s letterbox. Emails ping on officials’ phones. Lobbyists for academics, retailers, councillors, [...]
Burnham ally Jim O’Neill: Debt costs are ‘increasingly crazy’ and triple lock must go September 23, 2026 The cost to taxpayers of paying off the interest on UK government debt is “increasingly crazy”, according to a top economist who advised Andy Burnham. Lord Jim O’Neill, the former Goldman Sachs executive who advised Burnham in his run-up to Downing Street, told LBC that debit interest payments far outweighing the defence budget were “increasingly [...]
Reform-linked think tank calls for sweeping City deregulation and tax cuts September 23, 2026 A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate. The Centre for a Better Britain has called for the abolition of capital gains taxes and [...]
Burnham urged to launch £26bn tax raid on high earners September 23, 2026 Chancellor John Healey and Prime Minister Andy Burnham could raise £26bn by hiking capital gains taxes and applying national insurance to other areas of income, according to plan put forward by academics that will rattle the City and Westminster ahead of this year’s Budget. Researchers at the Centre for Analysis of Taxation (Centax), consisting of [...]
Burnham adviser slams ‘growth in every postcode’ pledge September 22, 2026 Andy Burnham’s pledge to deliver “growth in every postcode” will result in “wasted taxpayer money and create political problems”, according to one the PM’s most valued economic advisers. Jim O’Neill, who was tipped to take an official role in Burnham’s government, said the Prime Minister should focus on getting gilt yields to fall by 150 [...]
Will our fiscal psychodrama never end? September 22, 2026 I’m sure it wasn’t always like this. There was a time, really not that long ago in the grand scheme of things, when trying to predict the contents of an upcoming Budget was limited to dedicated policy wonks and Westminster’s most dogged journalists. These days, fiscal speculation is a major occupation for several months of [...]
As it happened: US stocks make gains ahead of Trump-Xi summit September 21, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index made gains on Monday morning, turning a corner from heavy losses on Friday. Miners and industrial stocks like Anglo American, Antofagasta and Metlen Energy and Metals were among the FTSE 100’s biggest risers on Monday morning. BP and Shell dragged on the index, [...]