Autumn Budget: What does the income tax U-turn mean for your salary? November 14, 2025 In a major U-turn, Chancellor Rachel Reeves’ is understood to have ripped up plans to hike income tax in the looming Autumn Budget. Reeves was poised to hitch up income tax by 2p at the end of the month, whilst cutting national insurance – for lower earners – by the same amount. While the decision [...]
Jaguar Land Rover: JLR loses almost £500m after cyber attack November 14, 2025 Jaguar Land Rover (JLR) lost almost £500m during the second quarter of its financial year as it battled the most expensive cyber attack in British history. The automotive giant has reported a loss before tax and exceptional items of £485m for the three months to 30 September, 2025. The figure compares to a profit of [...]
British Basketball Federation set to go into administration, say sources November 14, 2025 The British Basketball Federation, the sport’s national governing body, is expected to go into administration imminently, multiple sources have told City AM. It is understood that many of the BBF’s duties will be transferred to Basketball England and that the ban on British referees officiating in competitions run by world governing body Fiba has been [...]
High Court finds BHP liable for Brazil’s worst environmental disaster November 14, 2025 Mining giant BHP has been found liable for a dam disaster under both environmental law and the Brazilian civil code, in a significant ruling handed down by the High Court. The case stems from a deadly dam disaster in Brazil. On 5 November 2015, the Fundao dam in the south-eastern part of Brazil, operated by [...]
Intuit’s All-in-One Platform Introduces a Virtual Team of AI Agents to Help UK Businesses Increase Efficiency and Growth November 14, 2025 A more powerful QuickBooks on the Intuit platform combines AI agents and trusted experts to unlock time savings and insights as 58%* of UK SMBs miss growth opportunities
Allianz Achieves Record Results and Expects a Full-Year Operating Profit of at Least 17 Billion Euros November 14, 2025 3Q 2025 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251113803211/en/ Double-digit growth in operating profit and shareholders’ core net income Total business volume rises 5.21 percent with contributions from all segments Operating profit increases 12.6 percent to 4.4 billion euros, with particular strong contribution from the Property-Casualty segment Shareholders’ core net income [...]
FTSE 100 Live: Income tax U-turn throws Budget into chaos November 14, 2025 Welcome back to the City AM markets liveblog. Government fiascos are the story of the week and each one is sending ripples across markets. Whilst earlier this week it was a Westminister briefing war with Downing Street appearing to turn on its own out of leadership threats, today it is the Treasury in the hot [...]
‘Death by a thousand cuts’: Possible booze tax hike slammed November 14, 2025 The hospitality industry has slammed a possible tax hike on wine and spirits, arguing that it would be a “depressing prospect” for the struggling sector. Chancellor Rachel Reeves is considering a 4.5 per cent increase in taxes on alcohol in line with a higher reading of inflation, according to reports. “We’re all fed up with [...]
£100k earners have become Britain’s invisible middle class November 14, 2025 Six-figure earners are now Britain's invisible middle class, but they're an afterthought when it comes to banks, writes Ziad Mabsout.
Businesses back themselves – but does their government? November 14, 2025 Three-quarters of SME leaders are confident about their own growth prospects heading into 2026, yet only 39 per cent trust the government to create conditions for that growth to happen, says Mike Hackett Here’s the paradox keeping Britain’s economy afloat: three-quarters of SME leaders are confident about their own growth prospects heading into 2026, yet [...]