Autumn Budget: Reeves told avoid ‘pick and mix’ tax grabs October 23, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the managing director of TheCityUK warns Reeves not to patch up the tax tire just for it to deflate once more. The Chancellor has touted financial and professional services for their role “at the [...]
Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy October 22, 2025 Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of Morning Wire‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]
The axe will have to fall on Britain’s runaway public spending October 22, 2025 Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys quite often, not least when it looks as if the bond market could do with a bit of reassurance, and it means that she won’t breach her “cast iron” fiscal rules. Adherence to [...]
Rachel Reeves told to scrap business rates for new profit tax in Budget October 14, 2025 A City accountancy firm has called on Chancellor Rachel Reeves to scrap business rates in her Autumn Budget and replace them with a new profit tax. Lubbock Fine said business rates, which have been the topic of much lobbying in recent weeks, should make way for a variable local tax on profits. The firm said [...]
Public sector pay outpaces private amid Budget pressures October 14, 2025 Public sector pay has outstripped private sector pay on an annual basis, according to new official data, with the added pressures on public finances set to force Chancellor Rachel Reeves to hike taxes at the Budget. The Office for National Statistics (ONS) said annual average regular earnings growth was 4.4 per cent for the private [...]
Retail sales slow as Budget and inflation weigh on spending plans October 14, 2025 Retail spending slowed in September, as a tax raising Budget and higher household inflation expectations forced Brits to tighten their belts before the all-important ‘Golden Quarter’. Total retail sales in September increased by 2.3 per cent year on year, down from the 3.1 per cent that the sector notched up in August and the 2.5 [...]
Why don’t London’s luxury hotels make any money? October 13, 2025 London is home to some of the most iconic and well-known luxury hotels in the world. The Savoy, the Ritz, The Dorchester and Claridge’s, to name just a few, are renowned the world over and have played host to the ultra wealth, celebrities and royalty. Also appearing in a string of popular films, London’s luxury [...]
Rachel Reeves urged to levy one-off wealth tax October 13, 2025 Researchers say Rachel Reeves should introduce a one-off wealth tax to avoid the “direct disincentive” of an annual levy. But the Chancellor risks wreaking havoc on the UK economy unless she breaks Labour manifesto commitments and introduces vast reforms to the wider tax system, according to a report by the Institute for Fiscal Studies (IFS). [...]
Co-op warns 150,000 jobs at risk ahead of Autumn Budget October 13, 2025 The Co-op has warned that 60,000 small shops and 150,000 jobs could be lost without business rates reform in next month’s Autumn Budget. The Manchester-headquartered group has said Britain’s high streets “face a critical moment” and that Chancellor Rachel Reeves needs to announce “maximum” business rates relief on 26 November. The call comes after City [...]
Footfall drops in sign of pre-Budget nerves October 10, 2025 Footfall at UK retailers dropped in September, in a sign consumers are tightening their belts in the face of sticky shop inflation and a looming Budget where taxes are set to be raised by billions of pounds. Total UK footfall fell by 1.8 per cent year-on-year, according to British Retail Consortium data, extending a run [...]