Autumn Budget: Another major NICs tax raid on the cards, economists warn October 6, 2025 Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have warned, as chancellor Rachel Reeves scrambles to plug a £30bn fiscal black hole. A combination of changes to the rules governing National Insurance Contributions (NICs) and income tax is set to rake in an extra £15bn in extra tax [...]
Ex-head of British Army to lead Santander’s defence lending October 6, 2025 The former head of the British Army is set to lead Santander’s bid to bolster its defence lending as the industry experiences soaring demand with nations upping spending. General Sir Patrick Sanders was the chief of the general staff from 2022 to 2024 in the British Army and is set to join the Spanish-headquartered bank [...]
Capital gains tax raid should have ‘health warning’, Labour warned October 6, 2025 Labour risks stunting growth and discouraging investment if it pursues further capital gains hikes, tax advisers have warned, as reforms proposed by top think tanks were pushed back on by industry figures. Rachel Reeves and Keir Starmer have talked up the prospects of attracting investment in the UK and making the wider tax system fairer [...]
Home Secretary denies ministerial interference amid dropped Chinese spy case October 5, 2025 Home Secretary, Shabana Mahmood, said she was “very disappointed” about the collapse of a major Chinese spying case but denied there was any ministerial interference. The case against Christoper Cash, a former parliamentary researcher, and Christopher Berry, was due to start at Woolwich crown count on Monday, but was dropped on 15 September, a move [...]
Former Home Secretary backs Phillipson for Labour deputy leader October 5, 2025 Former home secretary, Alan Johnson, has endorsed education secretary, Bridget Phillipson, to become Labour’s next deputy leader, after warning that Powell could be divisive. Johnson suggested Phillipson’s rival, Lucy Powell, may not have entered the race had she not been sacked from the cabinet in last month’s major reshuffle, before warning she could “destabilise the [...]
Starmer calls for ‘agreement without delay’ on peace plan in Gaza October 4, 2025 Sir Keir Starmer has labelled Hamas’ partial acceptance of a peace plan put forward by US President Donald Trump as a “significant step forwards” and called for an “agreement without delay”. Hamas said it has accepted elements of the plan to end the nearly two-year war, including being willing to release the hostages and hand [...]
Why is the government making vapes harder to buy than cigarettes? October 3, 2025 Vaping remains the most effective tool to help smokers quit, so why is Labour trying to restrict access to vape shops, asks Andrej Kuttruf.
OBR hands Rachel Reeves first damning pre-Budget report on UK economy October 3, 2025 The Office for Budget Responsibility (OBR) has handed Chancellor Rachel Reeves its first evaluation of the state of the UK economy and crippled public finances, setting policy discussions about likely £30bn tax rises and possible savings in motion. The OBR’s Budget Responsibility Committee, which consists of the economists Richard Hughes, David Miles and Tom Josephs, [...]
‘Grotesquely unfair’: 700,000 Brits caught in 60 per cent tax trap October 2, 2025 There are growing calls for the government to overhaul tax rules for top earners after fresh data obtained by Morning Wire revealed just under 700,000 Brits are now caught in the so-called 60 per cent tax trap. Another 74,000 taxpayers were added to the punitive £100,000-£125,000 income bracket during the 2024/25 tax year, according to [...]
Labour is in denial about the economy October 2, 2025 The recent Labour conference as an exercise in denial, revealing a party plagued by internal divisions and lacking a coherent economic plan, says Helen Thomas As the Labour conference drew to a close, one word dominated the mood: denial. Denial of the scale of Britain’s economic challenges. Denial of the fault lines within the party [...]