Wealth managers warn against kneejerk reactions to Budget speculation October 1, 2025 Investors are being urged not to make any kneejerk pension decisions which could lead to irreversible consequences, as the Budget rumour mill begins to stir up financial worries. Wealth manager Rathbones has warned that fears over pension tax changes have caused another surge of premature withdrawals of the 25 per cent tax free lump sum. [...]
Economic uncertainty pushes potential house buyers to hold off September 30, 2025 An unpredictable economic and policy landscape has caused a slowdown in housebuying activity in the UK, according to new data. There were 93,630 UK residential transactions in August, two per cent higher than August 2024 but two per cent lower than July 2025, according to HMRC. There’s been a “noticeable shift” in sentiment amongst Brits [...]
Deloitte: Profit up despite revenue slip amid ‘tougher market’ September 30, 2025 Profit at the UK arm of Big Four giant Deloitte rose during its latest financial year despite its revenue falling as it made “changes” to its structure. For the year to 31 May, 2025, Deloitte posted a revenue of £5.68bn, down from the £5.75bn it raked in during the prior 12 months. However, despite the [...]
Brits earning over £100k worry more about money September 29, 2025 Six figure earners are more likely to worry about money than those on the average UK salary, according to fresh research. Eight in ten Brits who earn over £100,000 are worried about their finanical health, new research from fintech juggernaut Revolut has revealed. This came ahead of those on the national average between £35,001–£45,000 where [...]
Starmer refuses to rule out VAT rise September 28, 2025 Prime Minister Keir Starmer has refused to rule out any potential rises to VAT as he reinforced his commitment to Labour’s manifesto pledges in a new interview. In an interview with BBC’s Laura Kuenssberg, after being pressed on potential changes to VAT, Starmer said: “The manifesto stands. We made commitment in that manifesto and the [...]
YouTube launches Westminster forum to champion UK’s creator economy September 25, 2025 YouTube has unveiled a new cross-party parliamentary group dedicated to championing the UK’s digital creator economy, announced at its annual YouTube Festival in London yesterday. The All-Party Parliamentary Group (APPG) for creators, co-chaired by former digital ministers Feryal Clark MP and Lord Ed Vaizey, will act as a formal bridge between policymakers and the country’s [...]
Wages soar to £1.5bn as HMRC ramps up on compliance staff September 24, 2025 HMRC has allocated over £1.5bn for 2024-25 to support staff in compliance, preventing and detecting fraud cases and collecting taxes, representing a 23 per cent increase on its 2021-22 staff bill. According to a freedom of information (FOI) shared with City AM by think tank Parliament Street, over the past fiscal year as part of [...]
Rachel Reeves urged to reconsider Labour manifesto tax pledges September 24, 2025 Chancellor Rachel Reeves has been warned that tweaking small levies and relying on the wealthy to contribute to the state would hinder growth as another prominent report has called for Labour manifesto commitments to be reversed. In a report by the Institute for Government (IfG), Labour strategists were criticised for the party’s “original sin” of [...]
‘Cash cow’ inheritance tax receipts edge higher as further changes loom September 19, 2025 Inheritance tax (IHT) receipts are on course for a record breaking year, as an increasing number of Brits brace themselves for further potential tax changes. According to the latest HMRC data, IHT receipts hit £3.7bn in the first five months of the 2025/26 tax year, continuing their two decade long upward trend. This is also [...]
Savers stick to cash amid fears over investment risks September 18, 2025 Fears over falling stock prices are prompting UK savers to avoid investing, new research has found, with Brits preferring to park their earnings in cash. According to online trading platform IG, three in five savers believe any form of retail investing is too risky, despite government and industry figures’ encouragement to increase their exposure to [...]