Budget: Stealth tax raid making some earners £3,800 worse off November 26, 2025 Freezing income tax thresholds is set to make a worker earning the median wage as much as £2,310 worse off had the measure never been introduced as Chancellor Rachel Reeves looks set to unleash a stealth tax raid at the Autumn Budget. Analysis by Quilter has revealed that extending the current freeze alone will add an [...]
Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid November 26, 2025 Welcome back to the CityAM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Business secretary admits Labour tax hikes fuelling wealth exodus November 24, 2025 The business secretary has conceded that tax hikes have sparked an exodus of rich Brits, after one of the UK’s richest people fled to Switzerland. Peter Kyle admitted that he is “worried” that super-rich business figures such as Lakshmi Mittal feel they need to leave Britain “in order to succeed”. “There are people starting businesses [...]
Here’s what to expect on Budget day November 24, 2025 An unusually late and extraordinarily widely briefed Budget has attracted more nerves and anticipation than any in recent memory. So when Rachel Reeves takes to the dispatch box just after midday on Wednesday, she is set to do so with the knowledge that her fate – and the Prime Minister’s – rest on placating at [...]
PM set to formally approve new Chinese embassy November 21, 2025 Sir Keir Starmer is expected to give his formal seal of approval to a controversial new Chinese mega-embassy at Royal Mint Court, with the backing of the security services. According to a report in The Times, the approval is set to be a ‘formality’. The Home Office and Foreign Office – and, by extension, MI5 [...]
Andy Haldane: Budget speculation is hitting growth November 17, 2025 Former Bank of England chief economist Andy Haldane has said there is “without a shadow of a doubt” a direct link between feverish Budget speculation and sluggish growth in the UK economy. In an interview on Sky News on Monday morning, the incoming president of the British Chamber of Commerce (BCC) told Sophy Ridge that [...]
FTSE 100 Live: Budget and bubbles continue to set agenda November 17, 2025 Good morning and welcome back to the CityAM liveblog. We are now just over a week out from the Labour government’s second Budget and last week rogue Westminster briefings sent ripples through markets. After continuous weeks and media outings teasing a manifesto-breaking income tax hike, the government rowed back with several reports pointing to [...]
FTSE 100 Live: Income tax U-turn throws Budget into chaos November 14, 2025 Welcome back to the CityAM markets liveblog. Government fiascos are the story of the week and each one is sending ripples across markets. Whilst earlier this week it was a Westminister briefing war with Downing Street appearing to turn on its own out of leadership threats, today it is the Treasury in the hot [...]
Will rich New Yorkers flee to London to escape Mayor Mamdani? November 11, 2025 In a rare reversal of the slow march of UK wealth towards the US – from entrepreneurs upping sticks to companies switching listings – New York City’s incoming hard-left mayor looks set to nudge some of the city’s richest towards London. American arrivals into the UK could soon be made up of an unlikely coalition [...]
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 [...]
