Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid November 26, 2025 Welcome back to the City AM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Mercury13: Mata-backed women’s football group lines up Spanish club November 26, 2025 Juan Mata-backed investment group Mercury13 is in advanced negotiations about buying a stake in Spanish top-flight women’s club Levante Badalona. Mercury13, which bought FC Como Women in 2024 before investing in WSL2 club Bristol earlier this year, has pledged $100m to build a global portfolio of clubs, with Badalona earmarked to be its next investment. [...]
Rival Heathrow bidder vows to plough on despite proposal snub November 26, 2025 The hotel billionaire behind a rival bid to develop Heathrow’s third runway has vowed to continue his pursuit to oversee the expansion despite ministers favouring a proposal submitted by the hub’s current owner that involves rerouting the M25. Transport secretary Heidi Alexander confirmed on her decision to proceed with the £49bn vision from Heathrow Airport [...]
This isn’t a plan for business, it’s a Budget to save Reeves’ job November 26, 2025 Sacha Lord, a former advisor to mayor of Manchester Andy Burnham, bitterly regrets calling Labour “the party of business and growth” On 13th of June last year, I was stood in Manchester’s impressive NOMA building. It was the Labour Party’s manifesto launch. The place was a buzz with energy, excitement and hope. The full shadow [...]
Reeves must ignore political wailing and finally cut spending November 26, 2025 No amount of wishful thinking can change the economic reality. Reeves must make the hard decisions today, writes James Reed.
Bond market braces for gilt and sterling tremors November 26, 2025 Bond market participants are bracing for a fresh round of turbulence in the aftermath of Wednesday’s Budget, with investors rejigging their exposure to gilts having warned the Chancellor’s fiscal plans are “very much under the microscope”. Rachel Reeves is expected to use her second major fiscal shake-up mount a historic tax and spend consolidation in [...]
Britain can’t grow while we’re spending £700m to save the life of a fish November 26, 2025 With measly growth and energy among the most expensive in the developed world, Britain's got bigger fish to fry than sealife conservation.
Business chiefs: Employment will be hit by minimum wage hike November 25, 2025 Business chiefs have criticised Rachel Reeves’ decision to hike the national living wage by more than 4 per cent for most British workers at the Budget. In a final announcement before unveiling the full set of fiscal measures, the Chancellor said she would back the Low Pay Commission’s recommendations to raise the minimum wage to [...]
Hard Te look past Specso and Everstar at the Valley November 25, 2025 FOLLOWING all the excitement from last Sunday’s racing at Sha Tin, it’s back to Happy Valley for their regular midweek programme today with a nine-race card that features the St Andrew’s Challenge Quaich (12.40pm), a nine-furlong handicap. Reflecting on Sha Tin over the weekend, which acted as a dress rehearsal for the LONGINES Hong Kong [...]
Reeves plans stamp duty holiday in Budget to boost London listings November 25, 2025 Chancellor Rachel Reeves is expected to announce a stamp duty holiday for new listings on the London Stock Exchange in Wednesday’s Budget as the government ramps up efforts to revive the index. The move will wipe out the 0.5 per cent stamp duty tax investors are forced to pay upon buying shares that are newly [...]