Rachel Reeves to slap wealth tax on £2m homes November 24, 2025 Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]
FTSE 100 Live: Nvidia invests in Revolut, M&C Saatchi, S4C shares tumble November 24, 2025 Good morning from the City AM liveblog team. Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork [...]
Brown Brothers Media Acquires European Startup Media Platform Silicon Canals November 24, 2025 Brown Brothers Media, a Singapore-based digital publisher, announces the acquisition of SiliconCanals.com, the European technology startup media platform and community founded by Remco Janssen and operated under Proudly Media. The six-figure, asset-based deal marks a new chapter for the 11-year-old Dutch media brand, which has grown into one of Europe’s leading voices in the startup [...]
Polanski ‘tempted’ to challenge Starmer for parliamentary seat November 23, 2025 Zack Polanski has said it would be “tempting” to challenge Keir Starmer for his parliamentary seat. Green Party leader Polanski, who is a member of the London Assembly but not an MP, was asked about a poll that suggested his party could take the Prime Minister’s Holborn and St Pancras seat and whether he would [...]
Steel mogul Lakshmi Mittal leaves UK for Switzerland and Dubai November 23, 2025 Lakshmi Mittal, the steel mogul who was one of Britain’s richest people, has now left the country and become a resident in Switzerland for tax purposes, it has been reported. Mittal has long been one of the billionaires rumoured to be leaving the UK in response to Rachel Reeves’ tax plans. In March this year, [...]
Why Arsenal’s ‘quantum leap’ is down to Kroenkes’ gamble on ambition November 23, 2025 The story of Arsenal’s return from the competitive wilderness to the top table of English and European football has no shortage of candidates for the leading role. Mikel Arteta, the rookie manager whose single-mindedness has transformed the mentality of the club; Bukayo Saka, the jewel of the Hale End academy who has developed into one [...]
Businesses expected to be named and shamed over minimum wage breaches November 22, 2025 The government will regularly name and shame employers who breach national minimum wage rules as part of reforms expected to be announced by Rachel Reeves. A Treasury source said the expected changes will provide further protection to vulnerable workers and ensure businesses have no place to hide. The reforms are also aimed at clearing a [...]
Daily Mail owner seals £500m deal for The Telegraph November 22, 2025 Daily Mail owner DMGT has struck a £500m deal to buy the Telegraph Media Group, drawing a line under one of the most drawn-out and politically fraught takeover battles in the British press. The publisher has entered an exclusive period of talks with RedBird IMI, the Abu Dhabi-linked fund whose own attempt to buy the [...]
Reeves delays Shein import clampdown to 2029 November 22, 2025 Rachel Reeves will wait four years before scrapping a controversial tax break that benefits low-cost foreign retailers such as Shein and Temu, hitting British high street chains who had pushed for immediate action in next week’s Budget. The chancellor has confirmed she will abolish the UK’s ‘de minimis’ rule, which exempts parcels worth under £135 [...]
Not classy: lawfare will weaken the British economy November 22, 2025 The recent explosion of class action lawsuits and third-party litigation funding in Britain is argued to be damaging the UK economy and its reputation for legal stability, often primarily enriching funders rather than compensating victims, says James Price American cinema has long loved the class action lawsuit. Hundreds, maybe thousands of little guys ganging up [...]