Reeves’ spending spree could open £20bn gap – which taxes will rise? June 12, 2025 Rachel Reeves splashed the taxpayer cash in her inaugural Spending Review, raising expectations the Chancellor may be coming back for more tax revenue in the Autumn if her growth ambitions are not met. Reeves is set to hand out an extra £190bn in government spending over the course of the parliament, in what she described [...]
Brits to spend half a year waiting for Tax Freedom Day after Labour tax hikes June 12, 2025 Tax Freedom Day is set to be on the latest ever date within a matter of years, fresh research has revealed, with Chancellor Rachel Reeves showing no signs of cutting taxes in the near future, given inflated spending. Reeves unveiled billions more cash to be injected into several departments at yesterday’s Spending Review while funding [...]
Reeves’ Spending Review: Spend now, tax later? June 11, 2025 Cash will be splashed across transport, energy, and healthcare under plans laid out by Chancellor Rachel Reeves in her Spending Review. Reeves described the plans, which will see an extra £190bn in government spending, as “a credible plan for the renewal of Britain.” But Shadow Chancellor Mel Stride warned the spending splurge would spark tax [...]
High Court rules aircraft lenders can recover loss from planes stuck in Russia June 11, 2025 In a substantial blow for insurers, the High Court concluded that 'War Risk' insurers to foot the bill over aircraft lost in Russia
What changes to the pension salary sacrifice scheme could mean for you? June 11, 2025 A new report from HMRC has raised concerns around changes to the pension salary sacrifice scheme. A report on workplace pensions by HMRC has fuelled speculation around changes to salary sacrifice schemes. The report looked into employers’ behaviours and attitudes on salary sacrifices and looked into how potential reforms to tax reliefs could change these. [...]
Reeves will aim for optimism but reality paints a different picture June 11, 2025 Sky’s Sophy Ridge is a thoughtful and formidable interviewer, as Treasury Minister James Murray discovered on Monday evening. The Labour MP, who seems a decent sort of chap, was doing his best to defend his government’s screeching and humiliating u-turn on cuts to winter fuel payments, claiming – in the words of the Prime Minister [...]
Wait, treat, repeat: The NHS healthcare hold-up hurting UK workplaces June 10, 2025 Trying to get a doctor's appointment is like trying to win the lottery these days, and as a result, it has a knock-on effect on businesses
Reform UK: TalkTV’s David Bull to replace Zia Yusuf as chairman June 10, 2025 TalkTV host David Bull has been tapped as Reform UK’s new chairman on Tuesday morning. Bull is a long-standing member of both Reform and the Brexit party, and was previously deputy leader of the party between 2021 and 2004, alongside Ben Habib. He was also a Member of the European Parliament for six months in [...]
Retail shrinks by over 360,000 jobs in a decade June 10, 2025 The number of retail jobs in the UK has shrunk by more than a tenth since 2015, according to new data. There were 2.76m jobs in retail in March 2025, 360,000 fewer than in 2015, according to the latest report by the ONS. The number of full-time jobs has fallen by 117,000 since 2015, while the number [...]
Unemployment creeps up as firms cut jobs following Reeves tax raid June 10, 2025 The unemployment rate has crept up to 4.6 per cent from 4.5 per cent, official data has revealed, putting Chancellor Reeves’ ambition of growing the UK economy and getting people into work under threat. It is the highest unemployment rate in three years, with the UK economy then recovering from the pandemic. Figures released by [...]