Jenrick vows to partly undo Reeves’ £25bn employer NICs rise – for Britons Politics Reform UK’s Robert Jenrick has said the party would undo Rachel Reeves’ £25bn tax rise on employers’ national insurance contributions – but only when employers hire British workers. Jenrick said Reform was set to put “British workers first, migrant workers second” by reforming tax to treat Britons differently to workers taken from overseas.” Reform’s Treasury [...]
‘Tipping point’: CBI boss slams £345bn business tax burden amid ‘cost of doing business’ crisis Economics The boss of the UK’s most influential business group will use a landmark speech to warn that the heavy business tax burden is nudging British firms towards a “tipping point”, directly linking the Labour government’s troubles to cost pressures on firms. At a speech for the Confederation of British Industry (CBI)’s business dinner, chief executive [...]
Hollywood Bowl boss: ‘Incredibly painful’ tax hikes make it harder to hire Retail The boss of Hollywood Bowl has hit out at Labour’s “incredibly painful” hikes to national insurance and the minimum wage for making it harder to employ workers. Stephen Burns, chief executive of the UK’s largest tenpin bowling operator, told Morning Wire that Labour policy has made it “significantly more expensive to employ somebody than it [...]
Heathrow ‘under pressure’ amid rising costs December 19, 2025 Heathrow Airport has warned that rising employment costs and the government’s controversial business rates overhaul will wipe out the additional revenues generated from a record number of passengers passing through the west London hub. In an update to bondholders, the UK’s largest airport revealed its profit had plummeted by 38 per cent in the nine [...]
Firms’ inflation fears highest in two years amid interest rate hold November 6, 2025 Firms’ long-term inflation fears are at their highest level since the end of 2023, a Bank of England survey revealed on Thursday, prompting the majority of Monetary Policy Committee (MPC) members to vote for interest rates to be held. On an average reading in the three months to October, business leaders’ inflation expectations for the [...]
Business owners still plan staff cuts due to last year’s NICs raid October 30, 2025 Nearly half of business owners are still planning to reduce headcounts in response to Chancellor Rachel Reeves’ £25bn tax hike on employers’ national insurance contributions (NICs), a new survey has indicated, pointing to the long-lasting economic effects of a brutal tax raid in her first Budget. Reeves made sweeping tax hikes last year to fund [...]
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 [...]
Will we mourn the loss of WH Smith from the high street? September 29, 2025 So long then, WH Smith, a firm which has graced our high streets for more than a century – even though it never intended to. Founded as a small newspaper kiosk in Mayfair in 1792, the business grew massively in the mid-19th century, spurred by the rapid expansion of the railways, which allowed consumers up [...]
Nick Clegg: Labour’s choices have left UK in ‘perilous’ place September 4, 2025 Former deputy prime minister Nick Clegg has blasted the Labour government for its poor preparations ahead of last year’s elections, which led to “ridiculous” decisions being made at least year’s £40bn tax grab in the Autumn Budget. Speaking to LBC, Clegg said Labour had made promises it could not deliver as it struggled to balance [...]
Andrew Bailey calls for lower interest rates if job market stalls July 14, 2025 The Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown. In an interview with The Times, Andrew Bailey insisted: “I really do believe the path is downward” for rates. He said that businesses are “adjusting employment” following Rachel Reeves’ tax hikes [...]