Reeves ‘to raise national living wage’ in extra burden for firms October 25, 2025 Rachel Reeves is set to confirm a rise in the National Living Wage by four per cent at the Budget, according to reports, in an electorally popular decision that could have severe implications for businesses and the wider UK economy. Businesses have repeatedly warned that the double cost of last year’s tax raid on employers’ [...]
Flash of ‘hope’ ahead of Budget as manufacturing roars back to life October 24, 2025 The UK economy had a flash of “hope” in October after manufacturing roared back to life ending a year-long slump. The latest ‘flash’ PMI from S&P Global showed business activity jumped to a two-month high at 51.1, this was up from 50.1 in September. The growth was driven by a sharp uptick from the manufacturing sector which hit [...]
Retail sales hit highest since 2022 in surprise boost for economy October 24, 2025 Retail sales jumped to their highest level since 2022 in September, boosted by sunny weather that drove a surge in demand for clothing. Fresh figures from the Office for National Statistics (ONS) showed retail sales were 0.9 per cent higher than the previous three months. Sales volumes climbed 0.5 per cent in September, a significant boost from [...]
Consumer confidence remains downbeat amid Budget wariness October 24, 2025 A small lift in consumer confidence over October has failed to take a leading index into positive territory amid fears that the upcoming Budget could damage personal finances. Labour has made boosting living standards a central mission in government while Chancellor Rachel Reeves has recently talked up plans to lower the cost of living for [...]
Another US lender tumbles as credit jitters accelerate October 24, 2025 Another mid-sized lender filed for bankruptcy in the US, highlighting the growing strain in American credit markets which Andrew Bailey has likened to the subprime crisis that foreshadowed the Great Financial Crisis (GFC). Primalend, a Texan provider of subprime financing to car dealerships, said in a filing on Wednesday that it had collapsed after months [...]
Is Brexit really to blame for the Chancellor’s growth headache? October 23, 2025 As the government prepares the public psyche for substantial tax hikes at next month’s Budget, the Chancellor has taken a Brexit-shaped risk. Keir Starmer’s government has largely opted for caution over talking about relations with the European Union. The Prime Minister has insisted that re-opening the Brexit debate would bring only “turmoil” but he also [...]
Autumn Budget: Reeves told avoid ‘pick and mix’ tax grabs October 23, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the managing director of TheCityUK warns Reeves not to patch up the tax tire just for it to deflate once more. The Chancellor has touted financial and professional services for their role “at the [...]
Only one in three Brits think home ownership is achievable in their lifetime October 23, 2025 Only 30 per cent of Brits expect to be able to afford a home within their lifetime, according to fresh research. Home ownership has become increasingly out of reach for Brits in the last three decades as wage increases have failed to keep up with rocketing house prices. The findings, from Barclays, represent a stark [...]
These are the taxes Reeves will raise at the Budget October 23, 2025 There won’t be many rabbits out of Reeves’ hat at the upcoming Budget but here’s what to expect: gambling taxes, windfall taxes and an income tax national insurance swap, says Tim Sarson I remember the good old days of Budget predictions. We used to get our thinking caps on about a fortnight before the event, [...]
Britain’s inflation problem isn’t global – it’s made in the Treasury October 22, 2025 Reeves can’t keep blaming the last government or global headwinds for doubling inflation – it’s a result of her own policies, says Gareth Davies When the Conservatives left office in 2024, Britain was emerging from an incredibly challenging chapter in our history. Together we navigated the pandemic, the war in Ukraine, subsequent supply-chain shocks and [...]