Unpopular opinion: Banks are taxed enough already November 20, 2025 Is Angela Rayner influencing the Budget from beyond the political grave? The former deputy PM and housing secretary was famously in favour of increasing the additional tax burden faced by banks. Ahead of this year’s Spring Statement, Rayner was riding high. With a confidence that turned out to be misplaced, she inserted herself into debates [...]
Reeves’ milkshake tax ‘could force me to quit UK’ November 19, 2025 Rachel Reeves’ possible ‘milkshake tax’ could force a family business to move production oversees if it is introduced in the Budget next week, its boss has warned. Global Brands chief executive Steve Perez said the rumoured changes to the Soft Drinks Industry Levy could lead to making the decision which would “be devastating for local [...]
Family businesses on brink after inheritance tax crackdown November 19, 2025 The damage wrought by the Chancellor’s inheritance tax crackdown on family firms has been laid bare by fresh research that found over a third are on the brink of closure before the end of the parliament. A poll of family business owners found nearly two thirds of the UK’s 4.8m family businesses are worried about [...]
Autumn Budget: BrewDog boss issues £1bn warning to Rachel Reeves November 19, 2025 The hospitality sector needs to sell almost one million extra pints every hour in order to cope with a £1bn cost surge thanks to Chancellor Rachel Reeves’ tax hikes, the chief executive of BrewDog has warned. James Taylor, who took on the job earlier this year, said Reeves needs to take ‘meaningful action’ because of [...]
UK spinout economy could be Reeves’ next growth lever November 19, 2025 As Chancellor Rachel Reeves prepares to deliver her Autumn Budget, discussions of economic growth often centre on investment and fiscal levers. However, an arguably equally powerful driver of economic growth operates within the nation’s universities. Spinout ventures are turning ideas into viable businesses, attracting investment, generating high-skilled jobs and developing technologies with global reach. In [...]
Markets will determine whether Reeves has any credibility left November 19, 2025 It’s a regrettable reality that a politician – or an entire government – can limp on for months or even years after losing credibility in the eyes of voters. In contrast, when markets think the credibility is gone the consequences can be much more immediate. Just ask Liz Truss. One week from today, the Chancellor’s [...]
Reeves’ Budget tax rumours threaten UK tech November 18, 2025 The UK’s tech sector is facing a critical moment ahead of the Autumn Budget. Rumoured caps on salary sacrifice pensions, alongside potential property and wealth taxes, threaten to hit the very talent and investment needed to drive growth in the sector. At the same time, the country faces a widening tech skills gap, leaving businesses [...]
Autumn Budget 2025: Exercise can give Reeves £20bn boost, says Sport England November 18, 2025 Sport England has highlighted the wider value of investment designed to get more people exercising ahead of Chancellor Rachel Reeves announcing her Budget next week. The public body says that supporting exercise initiatives for the poor, disabled and ethnic minorities – among the last active groups – could provide around £20bn in healthcare savings, illness [...]
Nearly half UK fintech founders consider shifting business overseas November 17, 2025 Rachel Reeves’ mission to garner favour with the fintech industry has faltered with founders blasting the government’s approach to the sector as they weigh a move overseas. The Chancellor has attempted to ramp up the UK’s status as a competitive hub in the global fintech ecosystem, but founders have said they are yet to feel [...]
FTSE 100 Live: Budget and bubbles continue to set agenda November 17, 2025 Good morning and welcome back to the Morning Wire liveblog. We are now just over a week out from the Labour government’s second Budget and last week rogue Westminster briefings sent ripples through markets. After continuous weeks and media outings teasing a manifesto-breaking income tax hike, the government rowed back with several reports pointing to [...]