Voters say Rachel Reeves should resign if income taxes are hiked November 11, 2025 A majority of voters believe Rachel Reeves should resign as Chancellor if she breaks a key Labour manifesto commitment by raising income tax. Labour’s 2024 election manifesto said the party would not put up taxes on working people, including VAT and income tax. But in the lead-up to a crucial Budget where the Chancellor is [...]
Brits confidence in European economy outpaces UK as Budget fears grow November 11, 2025 Brits have admitted to having more confidence in the strength of the European and global economy than the UK as Budget fears consume the country. Fresh Barclays research has revealed Brits confidence in the European economy has ranked above the UK for the tenth consecutive month. Of the 2,000 surveyed, 22 per cent had faith [...]
AI Security Institute chair moves investment firm away from UK November 11, 2025 The chair of the AI Security Institute has moved an investment firm he co-founded away from the UK, Morning Wire can reveal, as concerns grow over an exodus of tech investors from Britain. Serial entrepreneur Ian Hogarth, who set up Plural with Wise co-founder Taavet Hinrikus in 2021, has restructured the company, moving its headquarters [...]
I’m 31 and pay thousands into my pension: taxing my contributions could be the last straw November 11, 2025 The Chancellor’s threat of a a two per cent national insurance tax on salary sacrifice contributions above £2,000 is deeply unfair, says Martin Kimber People tend to look at me like I’ve just admitted to collecting antique Victorian dolls when I tell them I sacrifice 15 per cent of my salary into a pension. However, [...]
Retailers hit by subdued October as Budget threat looms November 11, 2025 UK retailers suffered a “subdued” October as Brits tightened their pockets ahead of what is expected to be a tax-heavy Autumn Budget. Retail sales increased 1.6 per cent year-on-year but remained below the 12-month average of 2.1 per cent, marking the weakest growth since May. The new data from the British Retail Consortium (BRC) and [...]
Legal sector defies economic headwinds with rising headcount and profits November 10, 2025 Despite ongoing pressure on salaries and increases in employment taxes, legal firms have reported an average headcount increase of nearly 4 per cent over the past year. According to the ‘law firm benchmarking report’ by professional service firm Crowe, the headcount growth was concentrated among fee earners, but nearly half of firms reported either no [...]
Rachel Reeves concedes manifesto pledges may be dropped November 10, 2025 Chancellor Rachel Reeves has suggested that Labour manifesto commitments will be ditched amid a “significantly worse” economic inheritance than expected last year. In an interview with the BBC, Reeves said she would prefer to increase government spending on infrastructure rather than cut taxes for Britons. When asked whether the government would stick to manifesto commitments, [...]
Reeves’ LLP tax proposal will undermine ‘cornerstone of UK economy’ November 10, 2025 A professional services trade body warned that Rachel Reeves’ proposed increase in NICs for LLPs could lead to widespread conversion to limited company structures, undermining a successful British business model. The limited liability partnership (LLP) model, in which members (known as partners) invest their own capital in the business, was introduced 25 years ago and [...]
Trump threatens BBC with $1bn lawsuit November 10, 2025 Donald Trump has threatened to sue the BBC for $1bn for the editing of a speech by its Panorama programme. The Corporation has been given a deadline of Friday 14 November to make a “full and fair retratction” of the documetary ‘Trump: A Second Chance?’. BBC chair Samir Shah has apologised for an “error of [...]
Reeves set to bring in US-style whistleblowing pay for HMRC November 10, 2025 Chancellor Rachel Reeves is set to reveal a US-style whistleblower scheme to combat large-scale tax fraud. Later this month, HMRC is expected to launch a reward scheme, according to the Financial Times, which could pay informants as much as 30 per cent of any taxes collected as a result of tip-offs. The new US-style incentive [...]