Autumn Budget: Shares tumble as Reeves taxes bookies higher November 26, 2025 Shares in British betting and gaming firms, including Entain, William Hill UK, Evoke, and Flutter, fell sharply after Rachel Reeves revealed upcoming increases in gambling duties in her Autumn Budget. Shares in those and other publicly-listed companies were down between one and 19 per cent by 12:38 on Wednesday. The forcasted tax changes sent investors [...]
Budget: ‘Tax on holidays’ slammed by Butlin’s boss November 26, 2025 The chief executive of Butlin’s has slammed Rachel Reeves for introducing a ‘tax on holidays’ in her Budget today. Jon Hendry Pickup has argued that “hospitality businesses like Butlin’s remain caught in the crossfire of the Chancellor’s tax and spend ideology”. The chief executive was reacting to the ‘tourism tax’ which has been welcomed by [...]
Autumn Budget ‘deeply concerning’ for squeezed hospitality industry November 26, 2025 The UK’s hospitality industry has been disappointed by the Autumn Budget, with no cuts to VAT and no changes to National Insurance. Even a cut to business rates has been described as “too little, too little” as well as something likely to get wiped out by an inflation-linked revaluation of rates next year. “This is [...]
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 [...]
Rachel Reeves’ Budget was Labour to the core November 26, 2025 Cheered by backbenchers, Reeves' headline pledge to scrap the two child benefit cap made for a party-appeasing Budget, writes Douglas Beattie.
Autumn Budget: Salary sacrifice pension contributions capped November 26, 2025 Chancellor Rachel Reeves has ripped up the salary sacrifice scheme regime, to the chagrin of both employers and employees, and could potentially put Brits’ pension savings at risk. Salary sacrifice allows employees to give up a portion of their salary for other benefits, such as childcare vouchers and electric vehicle grants, reducing total income and [...]
Budget: Reeves introduces ‘permanently lower’ taxes for retail and hospitality November 26, 2025 Chancellor Rachel Reeves has confirmed she will introduce permanently lower business rates for retail, hospitality and leisure firms, paid for by higher levies on big properties. Retailers have been crying out for business rates reform for years, with concerns that the tax creates an unfair playing field between high street and online firms, which only owe [...]
Reeves’ income tax decision to hit wealth creators, warns Castore CEO November 26, 2025 The co-founder of sportswear brand Castore has hit out at Chancellor Rachel Reeves for freezing income tax thresholds as a “way of delaying the inevitable impact for entrepreneurs and wealth creators”. Tom Beahon, who leads the Manchester-headquartered company alongside his brother, added that “you can’t build a growth economy by disincentivising risk taking”. Announced in [...]
Autumn Budget: Dividends set to be subject to tax hike November 26, 2025 Dividends are set for a tax hike next year, in a move that could potentially push people away from investing in the stock market. Individuals who take dividends from a company or who earn dividends from shares pay different tax rates according to the income tax band they fall under. From April 2026, a two [...]
Budget ‘chaos’ may stall interest rate cuts November 26, 2025 The “chaos” around Budget measures may delay further interest rate cuts as the Bank of England figures through the effects of a flurry of tax rises, despite Rachel Reeves’ stated commitment to set the conditions for borrowing costs to be lowered. The Chancellor has said curbing the cost of living was a key “priority” at [...]