London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Reeves faces £30bn tax hole ahead of Budget announcement November 23, 2025 Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork of smaller, targeted measures. The gap, which has [...]
Reeves delays Shein import clampdown to 2029 November 22, 2025 Rachel Reeves will wait four years before scrapping a controversial tax break that benefits low-cost foreign retailers such as Shein and Temu, hitting British high street chains who had pushed for immediate action in next week’s Budget. The chancellor has confirmed she will abolish the UK’s ‘de minimis’ rule, which exempts parcels worth under £135 [...]
Wealthy individuals at risk of tax raid due to lack of knowledge November 21, 2025 Wealthy Brits are at risk of being slapped with higher taxes in the upcoming Autumn Budget as they fail to understand how to use their tax allowances. The Treasury is scrambling to fill an estimated £20bn fiscal black hole in next week’s Budget and, with a wide spread of tax rises being discussed, many individuals [...]
UK economy flatlines in November as Labour growth push fails November 21, 2025 The UK economy flatlined in November, researchers have suggested, as pre-Budget nerves have hit growth across the private sector. S&P Global’s initial estimate for its purchasing managers’ index (PMI) has shown the UK economy just inching up, with firms pausing orders and investment plans before Chancellor Rachel Reeves announces sweeping tax hikes and possible spending [...]
Retail sales drop in pre-Budget disappointment November 21, 2025 Retail sales fell 1.1 per cent in October, following a 0.7 per cent rise last month, in a “disappointing” start to the all-important festive season ahead of the budget next week. Sales in clothing were particularly affected as shoppers took a more cautious approach, with spending “constrained by consumer nervousness amid mixed messaging from a [...]
Manufacturing output plummets at fastest pace since pandemic November 20, 2025 Manufacturing output in the three months to November dropped at the fastest pace since the pandemic, a new survey has found. Researchers at the Confederation of British Industry (CBI) said that the balance reading for output volumes across industry was at the lowest level since the quarterly period to August 2020. The weighted balance reading [...]
Eurotunnel ‘pursuing legal process’ with government over business rates November 20, 2025 The firm behind the Channel Tunnel train will pursue legal action against a UK government agency and pull out of all its future investment in Britain unless plans to triple its business rates bill are aborted. Eurotunnel is poised to scrap its multimillion-pound plans to revive a major freight terminal in east London and cancel [...]
Rachel Reeves must break this manifesto pledge November 20, 2025 Britain is stuck in a debt doom loop. Rachel Reeves must break a manifesto pledge to get us out of it, writes Ticiana Alencar.
OBR questioned on Reeves’ flip-flopping and forecast changes November 20, 2025 The Office for Budget Responsibility (OBR)’s chief has been questioned on whether he dramatically upgraded forecasts midway through the Chancellor’s Budget planning, affording Rachel Reeves as much as a £10bn swing in headroom projections and allowing her to abandon plans to raise income taxes. Shadow Chancellor Mel Stride has written to Richard Hughes, chair of [...]
FTSE 100 Live: AI boom continues, JD Sports update November 20, 2025 Good morning from the City AM liveblog team. Among the least-desired accolades for a company chief executive is to see their firm’s share price rise the moment they announce their departure. Unfortunately for him, the latest exec to have been dealt this honour is the boss of WH Smith, Carl Cowling, who yesterday watched the [...]