Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy October 22, 2025 Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]
Reeves’ tax grab could ‘wipe £4bn out of the stock market’ October 22, 2025 One of the UK’s leading trading platforms has warned Chancellor Rachel Reeves that raising retail investor taxes could wipe billions off the stock market, undermining government attempts to boost domestic investing and strengthen the London market. According to research from trading platform IG, a two percentage point increase in both dividend and capital gains tax [...]
Virgin Wines blames government for inflationary cost pressures October 22, 2025 Virgin Wines has said most of its cost pressures this year have been driven by government policy, including an alcohol duty revamp and a bottle tax. The online wine seller told markets that profit before tax dipped by five per cent to £1.6m in the 2025 financial year, despite flat revenue. CEO Jay Wright pointed [...]
Investment minister Jason Stockwood: I don’t want to be political October 22, 2025 Jason Stockwood insists he hadn’t been angling for a plumb ministerial job before the call from Keir Starmer asking for him to be investment minister came six weeks ago. The serial entrepreneur – and Grimsby Town Football Club co-owner – had, instead, been “moaning” about the paucity of politicians with genuine business experience, when the [...]
Rachel Reeves plans another NIC tax raid at November Budget October 21, 2025 Rachel Reeves is gearing up for another billion-pound raid on National Insurance Contributions (NICs) as the Chancellor finds ways to plug a huge fiscal black hole in November’s Budget. Reeves is understood to be drawing up plans to extend NICs taxes to include limited liability partnerships or LLPs, to whom the tax does not currently [...]
Rolex is London’s most stolen luxury watch, but few recovered by Met Police October 21, 2025 Over 5,000 luxury watches have been stolen in London over the last three years, but barely one in 88 of these watches has been recovered by the Metropolitan Police. According to a Freedom of Information request seen by City AM, there have been 5,180 high-value watches, worth £3,000 or more, stolen between January 2022 and [...]
Spike in employer pension contributions could throw UK businesses into insolvency October 21, 2025 Rumours over potential spikes to employer pension contributions in the upcoming Budget has thrown UK companies into a frenzy, with some admitting it could put them at risk of insolvency. According to research from consultancy Barnett Waddingham, nearly 20 per cent of businesses fear they could become insolvent if an increase to employer pension contributions [...]
Bodycare: Creditors to lose millions after retailer’s collapse October 21, 2025 Bodycare owed more than £30m when it collapsed into administration with the loss of around 1,400 jobs, it has been revealed. The high street health and beauty retailer fell over in September with an initial 32 stores closed and around 450 employees being made redundant. That move was followed a few days later when it [...]
The top one per cent account for a third of tax revenue October 21, 2025 The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24, it has been revealed. According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised. The top 100,000 paid £54.9bn and covered a [...]
Third of employers would hire young people if offered tax credits October 21, 2025 Over a third of employers would hire more young people if they were offered tax credits, fresh research has found, amid reports the government is drawing up a plan to subsidise employment for under 24-year-olds. Research by the Recruitment and Employment Confederation (REC) showed some 36 per cent of employers claiming they would offer role [...]