The British state has become a Ponzi scheme paid for by the young July 16, 2025 Flatlining wages, soaring house prices and high childcare costs have broken the social contract: the unspoken understanding that if you worked hard and did the right thing, Britain would reward you, say Simon Clarke and Phoebe Arslanagic-Little Last week, the OBR set out the sheer, mind-blowing extent of Britain’s fiscal risks. Foremost among them is [...]
Rachel Reeves’ tax hikes are driving wealthy overseas investors to flee London July 14, 2025 Chancellor Rachel Reeves’ tax hikes have had the “feared impact” of driving wealthy overseas investors to flee London to escape double taxation of their worldwide income, the company behind The Shard has said. Real Estate Management (UK), which is ultimately owned by the State of Qatar, has revealed the exodus has resulted in it being [...]
What the City needs from Rachel Reeves’s Mansion House speech July 14, 2025 Ahead of Rachel Reeves's Mansion House speech, Lord Mayor Alastair King outlines what the City needs to hear from the Chancellor.
Not on the High Street slashes jobs as losses widen July 9, 2025 Not on the High Street has continued to slash jobs in a bid to stem its widening losses amid falling sales. The Bristol-headquartered business cut its headcount in March this year having also shed 70 members of staff in the year to 31 March, 2024. The update has been revealed in newly filed accounts with [...]
Will High Net Worths save LVMH’s share price? July 9, 2025 LVMH’s share price has taken a battering as nervous investors shy away from luxury companies amid a global downturn in the market. Its share price has fallen by more than 35 per cent since the end of January; it now trades at its lowest forward earnings multiple in seven years – roughly half that of [...]
Hovis: Losses widen amid Kingsmill merger talks July 9, 2025 Losses have widened at bread maker Hovis amid ongoing merger talks with the owner or rival Kingsmill, it has been revealed. Hovis, which is backed by private equity firm Endless, saw its pre-tax losses go from £3.6m to £4.7m in the year to 28 September, 2024. New accounts filed with Companies House also show its [...]
London’s nighttime economy is crumbling. Yet the show must go on July 9, 2025 The government has hammered the nighttime economy, but the show must go on, writes London Cabaret Club CEO Evelina Girling.
Two iconic naughty noughties clubs have reopened in London. But will Gen Z care? July 8, 2025 The owners of Boujis and Mahiki both have new clubs. Adam Bloodworth asks if the glory days of ‘naughty noughties’ posh partying can appeal to Gen Z Picture the scene: it’s two o’clock in the morning and a throng of paparazzi are muscling for space outside Boujis nightclub in South Kensington. Tara Palmer-Tompkinson and her [...]
I’m one of Britain’s highest taxpayers – a wealth tax would be the last straw July 8, 2025 Many patriotic high taxpayers like Steve Rigby accept that they work 50 per cent of their time for the government. A punitive wealth tax raiding assets that have already been taxed multiple times risks upending the social contract and driving businesses and jobs away The drumbeat for a wealth tax grows louder by the day, [...]
Superdrug shrugs off Rachel Reeves’ tax hikes to create over 600 jobs July 2, 2025 Superdrug has created more than 600 jobs despite tax hikes introduced by Chancellor Rachel Reeves putting “pressure” on its margins. The high street chain upped its headcount from 13,845 to 14,479 in 2024, new accounts filed with Companies House have revealed. The increase comes after Superdrug also created more than 400 jobs in 2023. The [...]