Reeves opens door for mayors to impose ‘damaging’ tourist tax November 25, 2025 Mayors in England are set to be given new powers to levy a tourist tax on visitors to fund local projects under a new policy. Reeves will give mayors the ability to impose a “modest” charge on visitors staying in hotels, bed and breakfasts, guest houses and holiday lets through the English Devolution and Community [...]
Labour to hold fire on ‘fish disco’ nuclear power reform due to ‘legal advice’ November 25, 2025 The Labour government is set to hold fire on pushing through sweeping reforms to nuclear energy due to a legal adviser’s concerns over the “UK’s environmental, trade and human rights obligations”, it has been reported. The Innovate UK member John Fingleton published a damning report on red tape blocking the expansion of the country’s nuclear [...]
It’s not just LISAs: Stamp duty land tax is a London problem too November 25, 2025 Getting on the property ladder is getting harder and harder for young people. Dwindling housing supply coupled with growing demand for property has left sellers receiving offers significantly above the asking price, with squeezed buyers turning to family members to fund ballooning deposits. But the costs do not end when the keys are handed over. [...]
Reeves urged to back AI in Autumn Budget to drive growth November 25, 2025 Chancellor Rachel Reeves is under pressure to deliver a decisive push for AI in tomorrow’s highly anticipated Autumn Budget, with industry leaders calling for billions in investment, thousands of jobs, and a clear roadmap for UK growth. The government has already attracted more than £78bn of private investment in AI, with a further £24.25bn committed [...]
Budget: Odds to be slashed if betting industry taxed higher, Reeves warned November 25, 2025 Tax rises for the betting sector in tomorrow’s Budget could leave punters with worse odds across all sports, say industry spokespeople. Chancellor Rachel Reeves may target so-called “sin taxes” on Wednesday as she looks to fill a fiscal black hole, with the gambling sector expected to be hit. Reeves could exempt flutters on horse racing [...]
Gambling industry will see job losses if taxes hiked, Chancellor warned November 25, 2025 The gambling industry and high street could be hit with job losses if the Chancellor hikes taxes on betting, the Betting and Gaming Council has warned. Rachel Reeves is expected to target so-called “sin taxes” at Wednesday’s budget, alongside a number of other areas – from ISAs to income tax thresholds to VAT – to [...]
Rachel Reeves set to cut cash ISA limit to £12,000 November 24, 2025 Savers are facing a major policy shake-up at the forthcoming Budget as Chancellor Rachel Reeves is reportedly planning to slash the annual cash ISA ceiling to £12,00 in a bid to encourage increased investment in stocks instead of hoarding cash. People close to preparations for Wednesday’s Budget said Reeves had decided to reduce the limit [...]
Here’s what to expect on Budget day November 24, 2025 An unusually late and extraordinarily widely briefed Budget has attracted more nerves and anticipation than any in recent memory. So when Rachel Reeves takes to the dispatch box just after midday on Wednesday, she is set to do so with the knowledge that her fate – and the Prime Minister’s – rest on placating at [...]
How to make a ‘smorgasbord’ Budget more appetising for business November 24, 2025 If the Chancellor is incapable of making the bold tax reforms businesses need at the upcoming Budget, there are some smaller measures that would be beneficial, says Louise Hellem At the CBI we are urging the Chancellor to make bold moves on Wednesday and not to subject the economy to death by a thousand taxes. [...]
Bosses warn Reeves against ‘stop-start economy’ November 24, 2025 The boss of one of the UK’s largest industry groups has called on Chancellor Rachel Reeves to avoid taking measures that lock in the country’s “stop-start economy” in a pre-Budget speech ratcheting up pressure on the government to unleash growth. In a landmark speech on Monday, Rain Newton-Smith, the chief executive of the Confederation of [...]
