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Tax

  • Rayner resigns: Legal advice excuse falls flat in tax duty scandal

    September 5, 2025

    Angela Rayner threw her lawyers under the bus over her brewing tax scandal, but the lawyers rebutted, citing the “arrows stuck” in their backs, as experts insisted she shouldn’t have hid “behind legal advice”. When it emerged that Rayner had underpaid £40,000 in tax on her £800,000 property in Hove, it prompted calls for her [...]

  • Starmer refuses to say he’ll sack Rayner if she broke ministerial code

    September 4, 2025

    Keir Starmer has refused to confirm that he would sack Angela Rayner as housing secretary – and deputy PM- even if the government’s ethics adviser finds that she has broken the ministerial code.  In an interview with the BBC, Starmer said he would “make a decision on what I see” in a report expected to [...]

  • HMRC names barrister in tax avoidance list for first time

    September 4, 2025

    In an unprecedented move, HMRC has added a practising barrister, identified as the ‘designer’ of a tax avoidance scheme, to its list of tax avoidance promoters. Tax barrister Setu Kamal, with 20 years of experience, stands accused of designing four tax avoidance schemes and producing the contract templates crucial to their operation. Those schemes were [...]

  • Trump may face tariff refund ‘nightmare’

    September 4, 2025

    Donald Trump could face the “nightmare scenario” of being forced to refund the money collected by his tariffs, a leading City advisory firm has told City PM, after a federal court deemed most of them illegal. The court found last Friday that the US President overstepped his office’s powers when he unilaterally announced April’s so-called [...]

  • Rachel Reeves warned on bank tax by lobby group boss

    September 4, 2025

    Rachel Reeves has been hit with a firm warning from the banking industry to avoid taxes on the sector or risk harming economic growth. The Chancellor has received a letter from the boss of UK Finance – a lobby group for the banking industry – which details the harm of tax on the sector. David [...]

  • Nick Clegg: Labour’s choices have left UK in ‘perilous’ place

    September 4, 2025

    Former deputy prime minister Nick Clegg has blasted the Labour government for its poor preparations ahead of last year’s elections, which led to “ridiculous” decisions being made at least year’s £40bn tax grab in the Autumn Budget.  Speaking to LBC, Clegg said Labour had made promises it could not deliver as it struggled to balance [...]

  • Rachel Reeves told UK economy is ‘stuck in first gear’ 

    September 4, 2025

    Chancellor Rachel Reeves has been warned by top industry bosses that the UK economy remains “stuck in first gear” as the British Chambers of Commerce (BCC) said growth would be slightly higher than expected this year.  The BCC has revised its GDP growth estimate for 2025 up to 1.3 per cent from 1.1 per cent [...]

  • If Rayner survives she’ll be much diminished

    September 4, 2025

    Politically, this is fish in a barrel stuff. If you’re on the record saying that “every pound of tax that’s not delivered to the Chancellor of the Exchequer means that it damages our public services” [sic] and you’ve taken aim at your political opponents by claiming that “it’s one rule for them and one rule [...]

  • Starmer ‘proud to sit alongside’ Rayner despite stamp duty row 

    September 3, 2025

    Keir Starmer said he was “very proud to sit alongside” Angela Rayner as the deputy prime minister referred to herself to the standards watchdog over unpaid stamp duty on her second home.  Minutes before PMQs began, Angela Rayner admitted she failed to pay the right amount of stamp duty tax on her second home.  Rayner [...]

  • How likely are property tax reforms in the Autumn budget?

    September 3, 2025

    Rumours have been swirling in Westminster about a variety of property tax changes Rachel Reeves might introduce in this Autumn’s budget – or further down the line – in an attempt to plug a £40bn gap in the nation’s finances while overhauling a complex system of levies and charges. The Treasury is reportedly looking into [...]

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