Rachel Reeves mulls inheritance tax U-turn as non-doms flee June 17, 2025 Rachel Reeves is reportedly mulling over changes to inheritance tax (IHT) on non-doms for assets held around the world, as pressure has ramped up from the City. That’s according to a report in the Financial Times, with “tweaks” to current rules to stem the UK’s haemorrhaging of non-doms. This potential U-turn follows pressure on the [...]
UK aerospace sector to avoid tariffs as Trump-Starmer trade deal clinched June 17, 2025 Prime Minister Keir Starmer and President Donald Trump met on the sidelines of the G7 summit to agree a trade deal that will remove tariffs on the UK aerospace sector and save carmakers from facing aggressive taxes on exports. The pair of world leaders heaped praise on one another while the UK government said the [...]
Further job cuts needed to cope with tax raid, businesses warn June 17, 2025 Businesses across Britain are planning another round of job cuts to deal with the pain of Rachel Reeves’ national insurance raid, laying bare the scale of the financial pressure wrought by the government’s £20bn tax hike after it came into effect in April. As many as one in three businesses said they were planning to [...]
Welfare, debt and the NHS: Our public finances are on the road to ruin June 17, 2025 Portugal is a fine country with plenty going for it, as an increasing number of Brits seem to be discovering. Just under 50,000 people moved there from the UK in 2023/34, up from 45,000 the previous year. These expats may or may not be aware that the country they’ve moved to (well-functioning, democratic, competitive and [...]
84 per cent of Brits want Iran blocked from developing nuclear weapons June 16, 2025 A huge 84 per cent of Brits say that Iran should be stopped from developing nuclear weapons, with 44 per cent supporting UK military efforts to intervene, according to polling from think tank More in Common. The overwhelming strength of public concern and the relative backing of intervention is at odds with Sir Keir Starmer’s [...]
Paragon Bank shares jump after analysts hike target June 16, 2025 Shares in Paragon Banking Group jumped on Monday after analysts reiterated their ‘Buy’ rating. The FTSE 250 bank’s stock climbed over two per cent in afternoon trading, reaching 908.50p. This came after Peel Hunt analysts upped their target price on the lender to 1,030p from 950p. “The group’s capital and funding position remain strong, with [...]
Inflation set to ease slightly before interest rates decision June 16, 2025 UK inflation is set to ease slightly to 3.3 per cent in May, according to a poll of economists, in a final set of data to be seen by Bank of England officials before they come to an interest rates decision on Thursday. A slightly lower rate of inflation would enthuse investors, who currently predict [...]
Car crash interview: City minister trips up over £10bn infrastructure project June 16, 2025 City minister Emma Reynolds was flummoxed by a series of questions about the government’s recent infrastructure announcements in a variously tense and cringe-inducing interview on LBC on Monday morning. Just seconds into the exchange with Nick Ferrari, Reynolds misspoke and called the Dartford Tunnel – in Kent – the Dartmouth Tunnel – in Devon – [...]
Barclays and Natwest shares jump as conflict sparks inflation fears June 16, 2025 Shares in the FTSE 100’s top banks were rising on Monday as the intensifying conflict in the Middle East triggered inflation fears. Barclays and Natwest were up nearly two per cent and Lloyds over one per cent during early trading as oil prices crept up another one per cent to $74.90 a barrel. This follows [...]
Israel-Iran conflict to dominate G7 meeting as Starmer calls for restraint June 16, 2025 The escalating conflict between Israel and Iran is likely to be high on the agenda as world leaders gather in Canada on Monday. Sir Keir Starmer said that the G7 meeting in Alberta would provide an opportunity for allies to make the case for de-escalation in the “fast moving” situation in the Middle East, with President Trump [...]