Rachel Reeves warns ‘harder choices’ coming at Budget September 29, 2025 Chancellor Rachel Reeves has warned that her choices will be “harder” at this year’s Budget, with questions being raised on whether she will row back on Labour manifesto tax commitments to plug a £30bn shortfall. In a speech at the Labour Party conference, Reeves said that “harsh global headwinds” and the effects of her Tory [...]
Instead of a taxi tax, Reeves should fix the absurd VAT system September 29, 2025 Reeves’ tax grab on taxis highlights the absurdity of the VAT system and raises the question of whether VAT should be levied more consistently across goods and services, says Ben Ramanauskas It has been reported that Rachel Reeves will announce at the Budget that taxi journeys will be subject to VAT. This has drawn criticism [...]
Profit at Jamie Laing’s Candy Kittens slashed after major change September 29, 2025 Profit at Candy Kittens, the cat-shaped confectionary brand owned by Radio One DJ and Made in Chelsea star Jamie Laing, has been slashed after it made a major change in 2024. The business, which specialises in vegetarian and vegan sweets, decided to switch focus to distribute more to grocers in the UK at the end of 2023 and signed [...]
Tesla: UK sales slump by £500m as profit slashed September 26, 2025 Sales at the UK arm of Elon Musk’s Tesla slumped by more than £500m as its profit was also slashed during its latest financial year. The division, which is headquartered in Manchester, has reported a revenue of £1.94bn for 2024, new accounts filed with Companies House show. The new figure comes after Tesla posted a [...]
Does Bank Rate really control inflation? September 26, 2025 Despite the Bank of England’s claim that Bank Rate controls inflation, recent policy decisions — including cutting rates while inflation stayed high — suggest the relationship is weak, inflation is more persistent than expected, and the MPC may be underestimating how hard it is to bring prices down, says Paul Ormerod The Bank of England [...]
Watch: Is the UK at risk of recession? September 25, 2025 We were told this would be the most pro-business government in the history of the country – so why have a gang of top chief executives this week fired warning shots at the Treasury – and why has one of them warned that we’re heading into a recession? It wasn’t supposed to be like this. [...]
UK fintechs send rallying cry as industry slips in global ranking September 25, 2025 UK fintech leaders have sent a rallying call to policymakers after the sector slipped in global rankings. A host of industry bigwigs have told City AM the government must be bolder in growth-orientated reforms to bolster the sector’s standing against rivals. It comes after Z/Yen’s 38th Global Financial Centres Index showed the UK’s fintech sector [...]
Huge losses revealed at Purplebricks after takeover September 25, 2025 Online estate agency Purplebricks racked up huge losses in the year it was taken over by Strike, it has been revealed. New accounts filed nine months after the Companies House deadline show the firm’s pre-tax losses went from £19.4m to £37.8m in the year to 31 March 2024. Over the same period, its turnover rose [...]
Budget: Tax hikes loom for Britain’s wealthiest September 25, 2025 Wealthy Brits are bracing themselves for a raft of tax rises in the looming Autumn Budget, prompting many to scramble to protect their wealth. According to the latest Saltus wealth index, nearly 80 per cent of high net work wealthy individuals (HNWIs) expect Labour to impose further tax rises in the next 12 months. While [...]
Petershill Partners blames ‘enduring valuation discount’ as it quits London Stock Exchange September 25, 2025 Investment firm Petershill Partners has become the latest business to unveil plans to quit the London Stock Exchange after it complained of suffering from an “enduring valuation discount.” The FTSE 250 business, which was founded by Goldman Sachs in 2007, said its lacklustre share price “did not appropriately reflect the quality and underlying value” of [...]