UK remains in ‘weak fiscal position’ after Budget November 27, 2025 The UK remains in a weak fiscal position after Wednesday’s Budget despite the Chancellor launching an historic fiscal consolidation in an attempt to shore up the public finances and avoid another tax raising budget, several top economists have warned. Rachel Reeves chose to hike taxes by £26bn via a vast combination of sector-specific levies, pension [...]
Budget 2025: Rachel Reeves announces £26bn tax raid November 26, 2025 Chancellor Rachel Reeves has announced an avalanche of tax rises on the wealthy and on working people, adding up to £26bn to fund extra spending over the next five years, as she vowed to make the country more “secure”. Her biggest announcement included freezing income tax and national insurance thresholds until 2031 to raise £11bn [...]
‘Spend now, pay later’ – Reeves drags a million more Brits into higher rate tax November 26, 2025 Nearly a million more people will be dragged into paying the higher rate of income tax as Rachel Reeves took the UK’s tax burden to an all-time high. In a Budget that aims to raise some £26bn in extra government revenue by the end of parliament, Reeves extended the income tax thresholds freeze, which economists [...]
Budget 2025: What exactly is happening with business rates? November 26, 2025 Long-awaited changes to business rates were finally announced in the Budget, with a lower rate for small companies to be paid for by a higher levy for large firms. Retailers have been railing against for business rates for years, with concerns that the tax creates an unfair playing field between high street and online firms, which [...]
Autumn Budget: Don’t let OBR gaffe mask Labour’s own mistakes November 26, 2025 The OBR's mistake was spectacular but accidental. The same can't be said for Labour, whose Budget missteps will do nothing to shift the economy.
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 [...]
Autumn Budget: Reeves splurges £12bn on welfare as two-child benefit cap ditched November 26, 2025 The UK’s fiscal watchdog has forecast welfare spending to soar over the next few years after the Labour government ditched plans to reform the welfare state. The Office for Budget Responsibility (OBR), which accidentally published its report before the Budget, has said welfare spending will rise by £12bn in the fiscal year 2029-30, when compared [...]
Autumn Budget: Cash ISA tax free allowance slashed to £12,000 November 26, 2025 In a major policy shakeup, Chancellor Rachel Reeves has confirmed a slash to the cash ISA ceiling but over 65s will retain the full allowance. After weeks of speculation, Reeves confirmed the ceiling will be cut from £20,000 to £12,000 as of April 2027, as part of her bid to stop people from hoarding cash [...]
City readies up for Labour’s borrowing spree November 26, 2025 Fixed income investors are readying for the Debt Management Office (DMO) to boost its gilt issuance for the current financial year, otherwise the level of UK government debt sold to traders, as the Labour government ploughs ahead with its borrowing spree. The DMO, an independent government body that oversees the sale of UK government bonds, [...]
Whatever Reeves announces today, Britain is still paying for lockdown November 26, 2025 The Labour Party were great enthusiasts for lockdown, demanding longer and harsher restrictions. The costs of this folly have now caught up with them as the Budget today will demonstrate, says Paul Ormerod Regardless of the precise measures brought in by the Chancellor, Rachel Reeves, in the Budget to be announced today, a fearful spectre [...]