Reeves to rush pension tax raid into law to calm nervous markets November 28, 2025 Chancellor Rachel Reeves is to rush through laws to enact her Budget, in a bid to reassure nervous markets that tax increases will be implemented even if they are not set to take effect for several years. Legislation to raise tax on pension contributions made through salary sacrifice schemes is expected to be introduced before Christmas, according [...]
‘Day-one’ rights abandoned: Lawyers warn six-month rule marks significant change for businesses November 28, 2025 The government has caved at the final hurdle after weeks of the House of Lords ping-ponging the Employment Rights Bill over the controversial ‘day one’ rights. The House of Lords has been fighting back against several key points in the Bill, especially the day-one rights. The highly contested Bill was a significant part of Labour’s [...]
Prem Rugby should consider radical shake-up of player transfer market November 28, 2025 The best thing about the football off-season is the transfer speculation, deal agreements and player announcements. Watching teams bid £100m for a player is somewhat grotesque but it is also addictive, and transfer deadline day is some of the best live sports news around. Rugby has none of this. That’s mostly because players tend to [...]
FTSE 100 Live: London house prices fall amid Budget jitters November 28, 2025 Welcome back to the City PM liveblog. Markets were still digesting the twist, turns and taxes of the Autumn Budget on Thursday, with ministers taking to the media to defend the £26bn cash raid. A number of businesses began weighing in, including Britain’s bookies, which were in the firing line when Reeves took to the [...]
London house prices record annual fall for first time in 18 months November 28, 2025 Budget uncertainty and a glut of supply caused house prices in London and the south to record an annual for the first time since last spring, according to new data. London house prices fell 0.1 per cent year on year, while prices in the south east and the south west fell by 0.1 per cent [...]
Salary sacrifice cap will hit ordinary earners hardest, research finds November 28, 2025 Reeves’ crunch Budget measures ranged from freezing income tax thresholds to fresh levies on milkshakes and lattes as she sought to lower the UK’s fiscal headroom. But it was her decision to rip up the salary sacrifice scheme that sparked the largest reaction from employers and employees alike. Under the most popular form of salary [...]
British founders dodged an exit tax – and bagged a few wins instead November 27, 2025 Startup founders went into this week’s Budget in a state of quasi-panic. Rumours of a so-called ‘exit tax’ on wealthy individuals, fuelled by weeks of speculation, sparked fears that Britain was about to hurt its own ecosystem. Far from taxing entrepreneurs on the way out, Rachel Reeves used her second Autumn Budget statement to shower [...]
Labour U-turns on workers’ rights manifesto pledge November 27, 2025 The government has reversed its contentious plans to hand all new staff protection from unfair dismissal from day one, after months of warnings about the workers’ rights package from industry and fierce political resistance from the House of Lords. Under revised proposals announced by the Department for Business and Trade (DBT) on Thursday, the protection [...]
Budget crackdown on football image rights ‘incredible’, say tax experts November 27, 2025 Chancellor Rachel Reeves has been accused of disproportionately targeting football for tax rises after the Budget laid out plans for a raid on image rights earnings. Top footballers benefit from setting up image rights companies which are taxed at a lower rate than their salaries, but the government says it will legislate “to ensure that [...]
Mansion tax is an ‘assault’ on London’s property market November 27, 2025 The UK’s new ‘mansion tax’ is set to hit homeowners in London hard, particularly for middle-class Londoners who have seen the price of their property balloon in the last two decades. Chancellor Rachel Reeves introduced a new high-value council tax surcharge for owners of properties valued at over £2m in her second Budget on Wednesday. [...]
