Tories: Reeves gambling tax hike raises risk of black market betting August 18, 2025 The Conservatives have warned of a rise in black market betting if Labour levies a tax on gamblers to fill Treasury coffers. The Government is increasingly looking like it will need to find tax rises to announce at Chancellor Rachel Reeves’ autumn Budget, with punters on the front line to be hit hard by No11. [...]
‘Weak fiscal position’ pushes UK borrowing costs to 27-year high August 18, 2025 Government borrowing costs have jumped over the past two weeks, flashing warning signs for Chancellor Rachel Reeves. The 30-year gilt yield hit 5.57 per cent on Friday before falling back to stick around 5.54 per cent when trading began on Monday. Gilt yields are higher than levels seen in April after President Trump announced sweeping [...]
Rachel Reeves to slash environmental protections to boost builders August 18, 2025 Rachel Reeves is looking to take the axe to environmental protections blocking infrastructure projects in a bid to boost Labour’s building pledges. The Chancellor is considering reforms to prevent nature concerns from inhibiting new developments as she desperately looks to supercharge her growth agenda. Labour’s Planning and Infrastructure bill is in the committee stage at [...]
Exclusive: UK football clubs owe £1m in tax to HMRC August 18, 2025 Twenty lower league football clubs in the UK have fallen into arrears to the HM Revenue & Customs (HMRC), according to date from chartered accountants and business advisers Lubbock Fine shared with City PM. The value of Pay as You Earn (PAYE) payroll tax owed by football clubs was £1.04m as of 22 May 2025, [...]
Banks ombudsman fights for relevance amid Treasury crackdown August 18, 2025 The Financial Ombudsman Service is battling against a litany of obstacles as the government looks to “fundamentally” change its regulatory makeup. The organisation was rocked earlier this year by a leadership crisis following the abrupt departure of chief executive Abby Thomas in February. A Treasury Committee report, published in July, revealed Thomas had been dismissed [...]
The five fintech segments to watch August 18, 2025 Global fintech funding slumped to its worst half-year in five years in the first six months of 2025. Investment reached $44bn (£32.47bn), falling from $54.2bn the year prior, whilst the number of deals fell from 2,376 to 2,216. Weak investment in the three months to June 31 2025, hurt the headline figures, with just $18.7bn [...]
Rumoured changes to inheritance tax gifting spark concern for middle-class August 15, 2025 Reeves is looking at measures to increase revenue from inheritance tax by tightening gift rules, a move that may disproportionately affect the middle class.
Rachel Reeves to raise ‘stealth and sin’ taxes to cover black hole August 15, 2025 Rachel Reeves is set to hit British consumers with extra “sin taxes”, leading forecasters have predicted, which are widely seen as regressive taxes that could hit people on lower income. The Chancellor faces having to raise £20bn in taxes at this year’s Autumn Budget to restore her “already paltry” margin of £9.9bn in headroom, according [...]
Thames Water’s cash crunch intensifies as bailout rumours swirl August 15, 2025 Thames Water faces a race against time to avoid collapse even after securing a short-term cash injection. The UK’s largest water company is set to run out of money as soon as September 2026 should it fail to secure a financial lifeline in the form of a recapitalisation deal. The utility company said the second [...]
Inheritance tax crackdown will not spark family farm firesale, study finds August 14, 2025 Most farmers will be able to shoulder the inheritance tax bill foisted on them by the Treasury at last autumn’s Budget without having to sell their family farm, according to a fresh analysis which also proposed new ways the reforms could be “better targeted.” The paper, from independent tax think tank the Centre for the [...]