Rachel Reeves to slap wealth tax on £2m homes November 24, 2025 Rachel Reeves will reportedly impose a property levy on homes worth more than £2m, hitting 100,000 properties with a new wealth tax that is expected to raise just £450m. The Chancellor is in the final phase of Budget preparations, with measures expected to include some more complex changes to the UK tax regime as she [...]
FTSE 100 Live: Nvidia invests in Revolut, M&C Saatchi, S4C shares tumble November 24, 2025 Good morning from the City PM liveblog team. Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork [...]
How the Budget could make your day at the football worse November 24, 2025 In the countdown to the Budget, it’s hard to escape concern from industries ranging from hospitality and retail to fintech or leisure. However, one sector which should not be overlooked is sport. Still feeling the impact from last Autumn, the sport world is readying for further impact come 26 November. And, as with any changes, [...]
Canada policy chairman: Bank levy should be wound down November 24, 2025 Financial and professional services underpin the country’s global competitiveness. The Budget should support banks, writes Chris Hayward.
E1 Series heads to Bahamas as calendar reveals mystery race November 24, 2025 The Formula 1 of water, E1 Series, will race in the Caribbean for the first time as it reveals its season three calendar. The series – which counts the likes of Will Smith, Tom Brady, LeBron James, Rafael Nadal, and Steve Aoki as team owners – will return to the water for its third season [...]
Polanski ‘tempted’ to challenge Starmer for parliamentary seat November 23, 2025 Zack Polanski has said it would be “tempting” to challenge Keir Starmer for his parliamentary seat. Green Party leader Polanski, who is a member of the London Assembly but not an MP, was asked about a poll that suggested his party could take the Prime Minister’s Holborn and St Pancras seat and whether he would [...]
Reeves faces £30bn tax hole ahead of Budget announcement November 23, 2025 Rachel Reeves is set to plug a looming £30bn hole in the public finances with a “dog’s breakfast” of tax hikes, according to new analysis. The Institute of Economic Affairs warns that the gap will likely be addressed by combining broad-based income tax rises with a patchwork of smaller, targeted measures. The gap, which has [...]
Reeves accused of ‘fiscal fandango’ amid OBR forecast changes November 23, 2025 The Bank of England’s former chief economist Andy Haldane has accused Rachel Reeves of overseeing “fiscal fandango” in the lead-up to the Budget amid months of speculation around expected tax rises. Speaking to the BBC, Haldane blasted months of speculation around the Budget that had caused “paralysis” in the UK economy. His comments came days [...]
Steel mogul Lakshmi Mittal leaves UK for Switzerland and Dubai November 23, 2025 Lakshmi Mittal, the steel mogul who was one of Britain’s richest people, has now left the country and become a resident in Switzerland for tax purposes, it has been reported. Mittal has long been one of the billionaires rumoured to be leaving the UK in response to Rachel Reeves’ tax plans. In March this year, [...]
Why Arsenal’s ‘quantum leap’ is down to Kroenkes’ gamble on ambition November 23, 2025 The story of Arsenal’s return from the competitive wilderness to the top table of English and European football has no shortage of candidates for the leading role. Mikel Arteta, the rookie manager whose single-mindedness has transformed the mentality of the club; Bukayo Saka, the jewel of the Hale End academy who has developed into one [...]
