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Business

  • OBR accidentally publishes full Budget before Reeves speech

    November 26, 2025

    The government will freeze income tax thresholds, implement a mansion tax and freeze fuel duty according to an unprecedented leak from the government’s fiscal watchdog that revealed its full scorecard for the Budget update before the Chancellor delivered her speech. The Office for Budget Responsibility released its full report on the government’s fiscal plans for [...]

  • ‘Next-level unprofessional’ cup draw adds to club concerns over WSL

    November 26, 2025

    Women’s Super League chiefs are facing widespread discontent over their handling of the professional game following a shambolic League Cup draw live-streamed on TikTok.  It is understood that at least four clubs were unhappy with the draw, which was performed by influencer GK Barry and described to City PM by one witness as “next-level unprofessional”. [...]

  • Budget: Income tax thresholds frozen by Rachel Reeves

    November 26, 2025

    Income tax thresholds will be frozen until the end of the decade, despite the Chancellor previously branding the tax trick as a “stealth tax” tantamount to “pickpocketing”from working people. According to the OBR’s unprecedented leak of Budget contents, the Chancellor chose to freeze the bands at which different rates of income tax are introduced for [...]

  • British Lions vows to ban players who defect to R360 rugby breakaway

    November 26, 2025

    British and Irish Lions chiefs have landed another blow on R360’s plans by warning they will not pick any player who signs up for the planned rugby franchise league. It follows England, Ireland, New Zealand and five other leading unions adopting the same stance last month and comes less than a year before R360’s proposed [...]

  • Channel 4 confirmed as UK home of Milano Cortina 2026 Winter Paralympics

    November 26, 2025

    Channel 4 will show its eighth Paralympic Games in a row next year after being confirmed as the UK broadcaster for Milano Cortina 2026.  The Winter Paralympics, set to take place in northern Italy in March, extends Channel 4’s sustained support for parasport which began with London 2012.  “We are super excited to bring the [...]

  • James Cameron-backed Marlow Film Studios approved

    November 26, 2025

    Plans for a £750m film studio in Buckinghamshire, which are backed by the likes of James Cameron, have been given the green light by the government. The proposals for Marlow Film Studios were initially turned down by Buckinghamshire County Council last year citing concerns about the project’s impact on the green belt, particularly its potential [...]

  • 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 [...]

  • It’s not what you invent, it’s how you share it

    November 26, 2025

    The UK’s focus on frontier innovation overlooks the critical need for a nationwide technology diffusion system enabling businesses adopt productivity-boosting technologies and revive economic growth A key but often overlooked feature of Britain’s Industrial Revolution is the web of institutions, incentives and skills that turned invention into innovation. For every James Watt refining the steam [...]

  • Budget ‘chaos’ may stall interest rate cuts

    November 26, 2025

    The “chaos” around Budget measures may delay further interest rate cuts as the Bank of England figures through the effects of a flurry of tax rises, despite Rachel Reeves’ stated commitment to set the conditions for borrowing costs to be lowered.  The Chancellor has said curbing the cost of living was a key “priority” at [...]

  • City readies up for Labour’s borrowing spree

    November 26, 2025

    Fixed income investors are readying for the Debt Management Office (DMO) to boost its gilt issuance for the current financial year, otherwise the level of UK government debt sold to traders, as the Labour government ploughs ahead with its borrowing spree.  The DMO, an independent government body that oversees the sale of UK government bonds, [...]

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