Rachel Reeves panics markets by ditching plans for income tax hike November 14, 2025 Rachel Reeves is understood to have scrapped plans to break Labour’s manifesto and hike income tax in the forthcoming Autumn Budget. The Chancellor was poised to hike income tax by 2p whilst cutting national insurance by the same amount in a move that would break Labour’s pledge to not raise taxes on ‘working people.’ Over [...]
FTSE 100 Live: Income tax U-turn throws Budget into chaos November 14, 2025 Welcome back to the City AM markets liveblog. Government fiascos are the story of the week and each one is sending ripples across markets. Whilst earlier this week it was a Westminister briefing war with Downing Street appearing to turn on its own out of leadership threats, today it is the Treasury in the hot [...]
Will the Budget push the economy off the cliff? November 13, 2025 Downing Street is in chaos and the economy has flatlined. Now, with just a couple of weeks to go until we find out what’s really in Rachel Reeves’ Budget, Britain’s bosses are getting restless. It used to be the case that Chancellor’s went quiet in the run-up to a Budget, keeping their powder dry and [...]
Lady Mayor Susan Langley: My career has been completely accidental November 13, 2025 Susan Langley is the City's first titled Lady Mayor. Today, fresh from her inauguration, she takes us through her Square Mile career.
TSB’s profit soars ahead of Santander takeover November 13, 2025 Profit at high street unit TSB Bank soared in the third quarter as the lender readied the ground for its blockbuster takeover by Santander. The bank’s pre-tax profit hit £271m for the first nine months of the year – a 38.2 per cent jump from the same period in 2024. It came as the bank [...]
Business leaders bemoan Budget uncertainty as tax hikes loom November 13, 2025 Business leaders up and down the country have poured scorn on the Chancellor after months of Budget uncertainty damaged consumer confidence and forced firms to hold off key investment decisions. Scores of chief executives, from retail to hospitality to telecoms and manufacturing, have voiced their concern over the lack of a clear fiscal plan after [...]
Leadership spat sends jitters through bond markets November 13, 2025 Jitters coursed through UK bond markets on Wednesday after a leadership crisis engulfing the Labour government triggered a jump in gilt yields, leading investors to warn that more political instability risked exacerbating the ‘moron premium’ applied to UK borrowing costs. Interest on 10-year gilts rose by three basis points, while the pound slumped to its lowest level [...]
NHS woes fuel private healthcare boom, with lawyers reaping the rewards November 13, 2025 Private healthcare in the UK is experiencing unprecedented growth as NHS waiting lists soar and public services struggle to keep up. This surge in demand is also fueling a flurry of legal activity, keeping lawyers busy. Deals lawyers in the UK are generally the busiest and most important practices for most law firms; however, with [...]
The Capitalist: Return of Simpson’s Tavern hailed by Farage November 13, 2025 Nigel Farage said the absence of sausages on the side was a small price to pay for the return of Simpson's Tavern.
Starmer promised a calmer politics – how’s that working out? November 13, 2025 They say that if you’re explaining, you’re losing. That quote, attributed to Ronald Reagan, came to mind yesterday as I watched Keir Starmer squirm his way through howls of laughter in the House of Commons as he insisted “we are a united team.” This was fish in a barrel stuff for Tory leader Kemi Badenoch, [...]