Welfare system in ‘crisis’ as number of Brits on out-of-work benefits exceeds 5m November 24, 2025 The number of people claiming benefits with no requirement to work has increased beyond 5m, new analysis has found, amid fresh calls for the government to tackle welfare reform in the near term. Analysis by the Centre for Social Justice has estimated that the total number of people on Universal Credit and those on Employment [...]
OBR to downgrade growth forecasts ‘in every year’ to 2030 November 24, 2025 The Office for Budget Responsibility (OBR) is set to downgrade growth forecasts at the Budget this week for every year of the forecast period amid revisions to trend productivity projections. Sky News reports that the OBR is expected to cut its growth predictions, which have been more optimistic than those published by City forecasters, in [...]
Here’s what to expect on Budget day November 24, 2025 An unusually late and extraordinarily widely briefed Budget has attracted more nerves and anticipation than any in recent memory. So when Rachel Reeves takes to the dispatch box just after midday on Wednesday, she is set to do so with the knowledge that her fate – and the Prime Minister’s – rest on placating at [...]
New York law firm Cohen & Gresser in talks over £30m private equity deal November 24, 2025 New York law firm Cohen & Gresser is in talks to sell a stake to a private equity group, weeks after McDermott Will & Schulte expressed interest in restructuring the firm to secure outside funding. The firm has been in talks around the sale of a $40m (£30.5m) convertible note that would ultimately be swapped [...]
Peter Kyle: We will not pit businesses against unions November 24, 2025 Peter Kyle has said businesses can contribute to more than two dozen consultations around sweeping measures in the Employment Rights Bill to make themselves heard on extra regulatory costs as the business secretary launched a defence of union bosses’ contributions to reforms. Speaking to an audience of business leaders at the Confederation of British Industry [...]
Is Keir Starmer trying to hard to be a human being? November 24, 2025 Starmer’s cringe-making video address to his son for International Men’s Day only served to underline how odd and lifeless a politician he really is, says Eliot Wilson Last Wednesday was International Men’s Day. To mark the occasion – and, because he is a politician, and self-promotion is an intrinsic part of the role – Sir [...]
Frasers Group Selects Navan to Elevate Global Travel and Expense Management November 24, 2025 Navan (NASDAQ: NAVN), the all-in-one travel, payments, and expense management platform, today announced it has been selected by Frasers Group, the retailer behind Sports Direct, FLANNELS, and FRASERS, as the company’s global partner for travel and expense management. In recent years, Frasers Group has gone from strength-to-strength, executing on its Elevation Strategy to rethink retail [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
Nvidia invests in Revolut as $75bn valuation secured November 24, 2025 Nvidia has invested in London fintech Revolut as the firm secured a $75bn (£57bn) valuation in a secondary share sale. The chip giant participated in the share sale via its venture capital arm, NVentures, alongside a group of top investors including Andreessen Horowitz, Franklin Templeton, and T. Rowe Price Associates. The transaction was led by [...]
Rachel Reeves to slap wealth tax on £2m homes November 24, 2025 Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]