Grosvenor Casinos owner warns of £9m tax hit after Healey’s gambling duty hike October 29, 2026 Casino operator Rank Group has warned that John Healey’s gambling tax hike will deliver a hit of around £9m a year, as the industry begins to count the cost of Wednesday’s Budget. The London-listed owner of Grosvenor Casinos and Mecca Bingo said the increase in Machine Games Duty (MGD) from 20 to 25 per cent, [...]
AB InBev Reports Third Quarter 2026 Results October 29, 2026 Solid top- and bottom-line performance with volume growth, revenue up 4.9% and Underlying EPS up 22%
‘Smoke and mirrors’: Why high street still faces a £250m tax hike under Healey October 29, 2026 Andy Burnham propelled himself to Downing Street by pledging a revival of Britain’s struggling high streets. Felix Armstrong asks: has John Healey delivered it? Among the sectors clamouring for John Healey’s attention ahead of his maiden Budget, none were louder than those calling for the government to revitalise Britain’s ailing high street retailers. Shuttered shops, [...]
Mark Kleinman: A Poundland probe should not be discounted October 29, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. A Poundland probe should not be discounted Two for less than two quid. It sounds like the kind of offer shoppers expect to find on the shelves of a discount retailer, not a summary of its recent [...]
JP Morgan slams Healey for bank tax hike that ‘lacks principle’ October 28, 2026 JP Morgan has slammed the Labour government for raising taxes on the UK banking sector and said the move “lacks principle”. Wall Street’s biggest bank, which serves over 2.5m UK users through its retail arm Chase, said it is “committed” to the UK but raised concern over the targeting of the sector in John Healey’s [...]
Healey funds high street tax cuts with raid on gambling firms and online sellers October 28, 2026 The government will fund tax breaks for small high street shops by hiking taxes on gambling and cracking down on online sellers, John Healey said. In his first Budget, the Chancellor said he will slash taxes on the high street by raising the threshold at which small firms start paying business rates from £12,000 to [...]
The Bed Tax: The Wrong Measure, for the Wrong Purpose, at the Wrong Time October 27, 2026 As the Government urges the nation to prepare for crises, it risks undermining the very hospitality businesses that keep people safe, support essential workers and help London function. Central London Alliance is calling for democratic accountability, a proper economic and social assessment, and a fundamental rethink of the proposed Overnight Visitor Levy. The timing could [...]
City grandees call for revival of ‘animal spirits’ on Big Bang anniversary October 27, 2026 City grandees have called on the government to revive “animal spirits” in London’s capital markets and accelerate regulatory reform on the anniversary of the Big Bang. Industry leaders told City AM the City has enjoyed decades of success since the sweeping deregulation of the Square Mile in 1986 but Britain’s financial services industry is now [...]
There can be no Big Bang 2.0 – investors need hard incentives to revive the City October 27, 2026 The idea of another sudden, transformative burst of Big Bang-style deregulation is a fantasy. The City needs long term policy that encourages and incentivises investment, writes Charlie Conchie In an essay to mark the 20th anniversary of his sweeping reform of London’s financial markets in 1986, Nigel Lawson made several things clear: one was that [...]
‘You can walk in the road!’: Inside Oxford Street’s first day without traffic October 26, 2026 As the first phase of the mayor's Oxford Street pedestrianisation project began, Anna Moloney rushed to Selfridges to soak up the scene.