UK bonds sell off after income tax U-turn November 14, 2025 UK government bonds sold off sharply on Friday morning, as markets recoiled from the government’s decision to row back on plans to plug much of its multibillion-pound black hole with a manifesto-busting income tax hike. The yield on 10-year gilts – the common benchmark for the government’s long-term ability to borrow – climbed by some [...]
Rachel Reeves panics markets by ditching plans for income tax hike November 14, 2025 Rachel Reeves is understood to have scrapped plans to break Labour’s manifesto and hike income tax in the forthcoming Autumn Budget. The Chancellor was poised to hike income tax by 2p whilst cutting national insurance by the same amount in a move that would break Labour’s pledge to not raise taxes on ‘working people.’ Over [...]
FTSE 100 Live: Income tax U-turn throws Budget into chaos November 14, 2025 Welcome back to the City PM 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 [...]
WRU chiefs should eat humble pie over empty Wales rugby stadium November 14, 2025 The redeeming factor for Wales in their 28-52 loss to Argentina in Cardiff is that only 50,000 had to watch it inside the Principality Stadium. That’s not because the team’s national arena has a 50,000-seat cap for this game, or because renovation works forced the closure of a stand. It was because millions of Welsh [...]
Brits on state pension to be caught by income tax for first time November 14, 2025 All Brits on the full state pension will be dragged into paying income tax in 2027 for the first time, researchers have warned, amid growing speculation that thresholds will be frozen for an extended period. The Institute for Fiscal Studies (IFS) think tank has warned that 100 per cent of those on the full state [...]
‘Death by a thousand cuts’: Possible booze tax hike slammed November 14, 2025 The hospitality industry has slammed a possible tax hike on wine and spirits, arguing that it would be a “depressing prospect” for the struggling sector. Chancellor Rachel Reeves is considering a 4.5 per cent increase in taxes on alcohol in line with a higher reading of inflation, according to reports. “We’re all fed up with [...]
Redundancies and scant vacancies weakens jobs market November 14, 2025 A fall in the number of vacancies and growth in the jobseekers pool due to more redundancies has led to a further decline in the jobs market, a leading survey has indicated. Official data this week showed a jump in the unemployment rate from 4.8 per cent to five per cent in a set of [...]
£100k earners have become Britain’s invisible middle class November 14, 2025 Six-figure earners are now Britain's invisible middle class, but they're an afterthought when it comes to banks, writes Ziad Mabsout.
Landlords have just under six months to prepare for the Renters’ Right Bill November 13, 2025 The government has set a date for the commencement of the Renters’ Rights Bill, with landlords given just under six months to prepare for the wide-ranging changes. The bill, which will remove so-called no-fault evictions, strengthen tenant protections and digitalise the sector, promises to shake up the market for both landlords and tenants – with [...]
Virgin Atlantic uses Heathrow slots as collateral for $745m Apollo loan November 13, 2025 Virgin Atlantic has borrowed $745m (£564m) from alternatives giant Apollo in a groundbreaking private credit deal that will see the airline use the value of its landing slots at Heathrow as collateral. Virgin said it would use the funds to pay down a legacy debt and make upgrades worth hundreds of millions of pounds to [...]
