Rachel Reeves mulls inheritance tax U-turn as non-doms flee June 17, 2025 Rachel Reeves is reportedly mulling over changes to inheritance tax (IHT) on non-doms for assets held around the world, as pressure has ramped up from the City. That’s according to a report in the Financial Times, with “tweaks” to current rules to stem the UK’s haemorrhaging of non-doms. This potential U-turn follows pressure on the [...]
Conservatives vow to end oil and gas windfall tax June 12, 2025 Kemi Badenoch will call for an end to the oil and gas windfall tax, in addition to scrapping Labour’s ban on new oil and gas licences, as she seeks to bolster her pro-growth credentials. The Tory leader is expected to announce her party will be “standing up for our oil and gas industry,” in an [...]
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 [...]
Reeves should use the Spending Review to make pay conditional on performance June 9, 2025 If the public sector had matched the productivity improvements of the private sector over the last 15 years or so, Keir Starmer would have £100bn more to spend this year. Instead of reheated policies, it’s time for real reform, says Tim Knox Keir Starmer, to his credit, has been making the right diagnosis. Six months [...]
‘Never again’: Shadow Chancellor apologises for Truss’ mini-budget June 5, 2025 Shadow Chancellor Mel Stride is set to apologise for the fallout from the 2022 mini-budget, vowing that “never again will the Conservative Party undermine fiscal credibility by making promises we cannot afford.” In a speech later today, Stride is expected to apologise on behalf of the Tory government for having “put at risk the very [...]
Starmer refuses to commit 3 per cent defence spending despite ‘battle-ready’ claim June 2, 2025 Keir Starmer has been criticised for failing to commit to increasing defence spending to 3 per cent of GDP. The Prime Minister vowed to put in place the “largest sustained increase in defence spending since the Cold War,” with a 2.5 per cent share of GDP going to defence. However, the PM maintained that hitting [...]
Migrant daily arrivals top 1,000 for first time this year June 1, 2025 More than 1,100 migrants arrived in the UK after crossing the English Channel on Saturday, the highest number recorded on a single day so far this year. The latest Home Office figures show that 1,194 migrants arrived in 18 boats, bringing the provisional annual total so far to 14,811. This is 42 per cent higher [...]
New warning over ‘stealth’ £9bn income tax raid May 27, 2025 The government is under fire over its “stealth tax bombshell” as hundreds of thousands of Brits are set to be dragged into higher tax bands by the end of the decade. As many as 1.9m workers will see their pay fall into higher tax brackets by 2030 as the bands fail to keep pace with [...]
Former PM David Cameron in job talks with law firm DLA Piper May 23, 2025 Former Prime Minister Lord David Cameron is discussing a job role with law firm DLA Piper
UK net migration almost halves in 2024 May 22, 2025 Net migration was cut in half in 2024 as 431,000 people arrived in the UK, official data has shown, suggesting Tory-era policies have had some of their desired effects. The Office for National Statistics (ONS) said fewer people arrived on work and study-related visas while an increase in Brits leaving the UK also reduced net [...]