On this day: The resignation of Margaret Thatcher November 28, 2025 On 28 November 1990, Margaret Thatcher left Downing Street for the last time, leaving the United Kingdom in a very,very much better state than when she came there, writes Eliot Wilson I doubt I am alone in remembering the day clearly, though I had only recently turned 13. Margaret Thatcher gave a short and emotional [...]
Banks to pay ombudsman more as Treasury crackdown costs £8m November 27, 2025 Banks will pay more to the Financial Ombudsman Service in the next year as the body strums up cash for its bill to meet the Treasury’s clampdown. Financial services will pay the FOS £86m in the 2026/27 financial year – an increase of £16m – under new proposals, which aim to beef up the Compulsory [...]
‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears November 27, 2025 A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year. The Resolution Foundation, which was previously headed by Treasury minister Torsten Bell, suggested Rachel Reeves’ Budget was “deceiving” by back-loading consolidation [...]
Relief for Cirata after FCA closes investigation November 27, 2025 Cirata execs have breathed a sigh of relief after the financial regulator closed a two-year investigation into the software firm, drawing a line under the dramatic events that caused the firm’s stock to plummet. In March 2023, Cirata – or Wandisco, as it was then known – revealed it had massively overstated its sales figures, [...]
Young professionals are the hardest-hit by this punitive Budget November 27, 2025 For anyone still tempted to believe Rachel Reeves has stuck to her manifesto promise not to put taxes up on working people, let me disabuse you of the notion. As the OBR pointed out yesterday, by 2030 there will be more than 10m people dragged into paying higher rates of income tax compared to 2023, [...]
What to be grateful for this Thanksgiving? the resilience of the US markets November 27, 2025 In a year shaped by global uncertainty, technological disruption and political change, investors should still have plenty of reason for optimism, says Liz Ann Sonders While Brits prepare for the final sprint before Christmas, many Americans pause on 27 November to gather around the table for Thanksgiving – a moment to reflect and express gratitude [...]
Budget 2025: Rachel Reeves announces £26bn tax raid November 26, 2025 Chancellor Rachel Reeves has announced an avalanche of tax rises on the wealthy and on working people, adding up to £26bn to fund extra spending over the next five years, as she vowed to make the country more “secure”. Her biggest announcement included freezing income tax and national insurance thresholds until 2031 to raise £11bn [...]
Hardworking families will pay for Labour’s Benefits Budget November 26, 2025 Rachel Reeves has broken every single one of her promises in this year's Budget, and it's hardworking families who will pay, writes Mel Stride.
Budget 2025: What exactly is happening with business rates? November 26, 2025 Long-awaited changes to business rates were finally announced in the Budget, with a lower rate for small companies to be paid for by a higher levy for large firms. Retailers have been railing against for business rates for years, with concerns that the tax creates an unfair playing field between high street and online firms, which [...]
The pension triple lock won’t ‘last forever’, warns Labour MP November 26, 2025 A Labour MP has admitted that the pension triple lock won’t “last forever”, as the Budget fails to mention an end to the controversial scheme. Speaking live to City AM‘s Christian May and Alys Denby, Chris Curtis, MP for Milton Keynes North, said that the “triple lock inevitably cannot last forever”. He said: “That is [...]