Minister denies Labour’s tax hikes behind youth unemployment Politics The Labour government’s £25bn hike in taxes paid by employers is not the main driver behind rising youth unemployment, a government minister told City AM. Baroness Jacqui Smith, the skills minister, said that changes in NICs and minimum wages have not been the main drivers behind a rise in unemployment rates for people under the [...]
Badenoch vows to end inheritance tax on family homes Politics Kemi Badenoch has announced that the Tories will scrap inheritance taxes on family homes if the party is elected. In her main address to party members at the Conservatives’ conference, she said the Conservatives would restore “common sense” as political leaders enter a “battle for the soul of this nation”. The new pledge on inheritance [...]
Stages of tax grief: Is it time for bankers to bargain? Banking Banks are in the firing line at the Budget and in a meeting with bosses on Tuesday chancellor John Healey played coy on any increased rates. In this week’s column Samuel Norman looks at what trade-off could be made. Also on the cards, fresh data shows fintechs are lurching ahead of the incumbents on customer [...]
Badenoch says next election is ‘battle for the soul of this nation’ October 6, 2026 Kemi Badenoch will argue that the next election will be the biggest “battle for the soul of this nation”t seen in at least half a century as Tory officials gear up for the prospect of an early election. In her main speech on Wednesday, Badenoch will say that partly leaders will wrestle over a “battle [...]
Badenoch to offer tax cuts as Tories pitch ‘credible alternative’ to Labour October 6, 2026 Expectations are growing that Kemi Badenoch will announce “multiple” tax cuts in her flagship speech at the Conservative Party conference, with announcements on national insurance and inheritance tax set to take centre stage. The Tory leader is looking to boost her support base among Britain’s middle classes as she warned that an early election would [...]
Jeremy Clarkson at Tory conference: ‘Why would anybody set up a business in this country?’ October 5, 2026 Jeremy Clarkson hit out at the Labour government over its decision in 2024 to impose higher inheritance taxes on farming land two days before Tory leader Kemi Badenoch is expected to call for a cut. Clarkson said government officials failed to understand the impact of changes facing family farms as some owners had to sell [...]
UK bank bosses and John Healey set for tax showdown October 5, 2026 When banking lobbyists geared up for an offensive ahead of the 2025 Budget, a tax cut barely made the wishlist. Modest in their ambitions, advocates were preparing to settle for anything that didn’t see their already eye-wateringly high tax bill rise. That is until, City AM understands, officials advised them to make a cut a [...]
Raising bank taxes will reduce jobs, former Chancellor Hunt warns Healey October 5, 2026 Former Chancellor Jeremy Hunt has issued John Healey a major warning over any increase to the level of taxes paid by UK banks ahead of the forthcoming Budget. The top Tory MP, who has sat on the back benches since Labour came to power in 2024, said Healey must ignore the “siren voices” calling for [...]
Startup success is rare enough in the UK without any more taxes October 5, 2026 If our rare startup successes are taxed further, more of our spinouts will end up sold early to foreign buyers and we risk losing their IP.
Britain’s second richest person leaves for Monaco amid tax bite October 4, 2026 Britain’s second richest person has left Britain for Monaco where billionaires can avoid paying income tax, inheritance tax or capital gains tax, according to reports. David Reuben, who also partly owns Newcastle United alongside Saudi Arabia’s Public Investment Fund, is joining his brother Simon in the principality, The Sunday Times reported. The two brothers were [...]