Budget: Mecca Bingo and Grosvenor Casinos owner reveals £50m hit November 26, 2025 The owner of Mecca Bingo and Grosvenor Casinos has warned changes announced by Chancellor Rachel Reeves in her Budget will cost it around £46m. Rank Group, which is a member of the FTSE 250, said the increase in Remote Gaming Duty in the Budget will significant up its tax burden. The company’s chief executive said [...]
Budget: ‘Tax on holidays’ slammed by Butlin’s boss November 26, 2025 The chief executive of Butlin’s has slammed Rachel Reeves for introducing a ‘tax on holidays’ in her Budget today. Jon Hendry Pickup has argued that “hospitality businesses like Butlin’s remain caught in the crossfire of the Chancellor’s tax and spend ideology”. The chief executive was reacting to the ‘tourism tax’ which has been welcomed by [...]
Autumn Budget ‘deeply concerning’ for squeezed hospitality industry November 26, 2025 The UK’s hospitality industry has been disappointed by the Autumn Budget, with no cuts to VAT and no changes to National Insurance. Even a cut to business rates has been described as “too little, too little” as well as something likely to get wiped out by an inflation-linked revaluation of rates next year. “This is [...]
Natwest and Lloyds shares soar after escaping Budget tax raid November 26, 2025 Britain’s banking giants have managed to escape a tax raid in the Labour government’s second Autumn Budget. UK lenders have been in the hot seat on the road to 26 November, with Chancellor Rachel Reeves facing lobbying calls across the aisle. But as Rachel Reeves made a £26bn cash grab, which included bookies, landlords and [...]
Reeves’ income tax decision to hit wealth creators, warns Castore CEO November 26, 2025 The co-founder of sportswear brand Castore has hit out at Chancellor Rachel Reeves for freezing income tax thresholds as a “way of delaying the inevitable impact for entrepreneurs and wealth creators”. Tom Beahon, who leads the Manchester-headquartered company alongside his brother, added that “you can’t build a growth economy by disincentivising risk taking”. Announced in [...]
WATCH LIVE: City AM reacts to the Budget November 26, 2025 After months of speculation and mounting political drama, Rachel Reeves has delivered her second Budget. City AM‘s team has all the latest news throughout the day on our Live Blog via CityAM.com and the City AM App, along with a special livestream broadcast from the heart of the Square Mile at 2pm. Broadcasting live from the London Stock Exchange, City AM‘s Editor [...]
Autumn Budget: Reeves launches stamp duty holiday for new listings November 26, 2025 Chancellor Rachel Reeves has launched a three-year stamp duty holiday for new debut companies on the London market in her latest attempt to attract listing candidates. The Treasury’s new plans, announced as part of today’s Autumn Budget, will drop the 0.5 per cent rate paid by investors when purchasing shares in newly listed companies for [...]
Autumn Budget: Dividends set to be subject to tax hike November 26, 2025 Dividends are set for a tax hike next year, in a move that could potentially push people away from investing in the stock market. Individuals who take dividends from a company or who earn dividends from shares pay different tax rates according to the income tax band they fall under. From April 2026, a two [...]
Options and ConnectWise Mark Five Years Delivering Secure Cloud Backup to AtlasWorkplace Clients November 26, 2025 Options Technology (Options), the leading provider of managed services and IT infrastructure solutions to the global financial sector, today announced its five-year partnership with ConnectWise Cloud Backup. The collaboration has strengthened AtlasWorkplace, Options’ fully managed IT platform, by delivering seamless, secure, and compliant backup and recovery capabilities for clients’ data within Microsoft 365. This press [...]
TV STAR DERMOT O’LEARY SWITCHES ON LIGHTS FOR THE CITY’S TALLEST CHRISTMAS TREE November 26, 2025 Daytime television Legend Dermot O’Leary lit up the Eastern City – literally – by switching on its tallest Christmas tree yesterday. The massive 67 foot tree, situated outside Pan Pacific Hotel London, is the latest edition to the iconic City skyline and is part of the Eastern City Business Improvement District’s Let it Snow of [...]