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Budget 2025

  • 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.

  • Rail fares to be frozen for first time in 30 years

    November 23, 2025

    Rail fares are to be frozen for the first time in 30 years, the government has announced. Ministers said the move will save millions of rail travellers hundreds of pounds off season tickets, peak and off-peak returns between major cities. Commuters on the more expensive routes will save more than £300 a year. The government [...]

  • Businesses expected to be named and shamed over minimum wage breaches

    November 22, 2025

    The government will regularly name and shame employers who breach national minimum wage rules as part of reforms expected to be announced by Rachel Reeves. A Treasury source said the expected changes will provide further protection to vulnerable workers and ensure businesses have no place to hide. The reforms are also aimed at clearing a [...]

  • Reeves delays Shein import clampdown to 2029

    November 22, 2025

    Rachel Reeves will wait four years before scrapping a controversial tax break that benefits low-cost foreign retailers such as Shein and Temu, hitting British high street chains who had pushed for immediate action in next week’s Budget. The chancellor has confirmed she will abolish the UK’s ‘de minimis’ rule, which exempts parcels worth under £135 [...]

  • Join City PM and guests for a LIVE broadcast on Budget Day

    November 21, 2025

    After months of speculation and mounting political drama, Rachel Reeves will deliver her second Budget at noon on Wednesday 26 November. City PM‘s team will bring you all the news throughout the day on our Live Blog via citypm.eu and the City PM App, along with a special livestream broadcast from the heart of the [...]

  • Britain needs a Budget for tax certainty

    November 21, 2025  |  City Talk

    The upcoming Budget should move beyond specific tax adjustments to adopt a broader, more principled reform that aligns with the long-term Industrial Strategy and aims to create a more stable, predictable tax system, says Chris Sanger Much of the speculation surrounding the contents of the Chancellor’s red box on 26 November remains firmly fixed on [...]

  • Consumer confidence is ‘bleak’ ahead of Budget 

    November 21, 2025

    Consumer confidence has cratered ahead of the Budget according to a leading survey closely monitored by policymakers at the Treasury and Bank of England. The GfK consumer confidence barometer has shown the overall index falling to -19 in November, slightly lower than at the same time a year ago.  The survey of around 2,000 individuals [...]

  • Andy Burnham makes £1bn challenge to Starmer and Reeves before the Budget

    November 20, 2025

    Andy Burnham has revealed a £1bn growth plan for Manchester in a move which could be seen as a direct challenge to both Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves less than a week before the Budget. The Mayor of Greater Manchester has touted the proposals as a way to “pioneer a new [...]

  • Is Budget speculation a bad thing?

    November 20, 2025

    Testing measures before the big day can be helpful, but the upcoming Budget has been a feeding frenzy, making it impossible to distinguish fan fiction from genuine policy, says Tim Sarson The Autumn Budget speculation season has become rather a circus. I thought last year was unusually long and noisy but 2025 takes things to [...]

  • Reeves’ milkshake tax ‘could force me to quit UK’

    November 19, 2025

    Rachel Reeves’ possible ‘milkshake tax’ could force a family business to move production oversees if it is introduced in the Budget next week, its boss has warned. Global Brands chief executive Steve Perez said the rumoured changes to the Soft Drinks Industry Levy could lead to making the decision which would “be devastating for local [...]

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