Inheritance tax receipts soar to all-time high April 23, 2026 Inheritance tax receipts soared to a record high over the last financial year as Labour’s targeting of property owners helped fund sweeping spending increases. Official data on Thursday morning showed that annual inheritance tax receipts rose to £8.5bn in the year between 2025 and 2026. This compared to total receipts of £8.3bn in the previous [...]
Watch: Sluggish economy puts Brits at their gloomiest for nearly 50 years April 23, 2026 City PM‘s Editor, Christian May, reflects on recent polling that reveals Brits’ economic pessimism has reached depths not seen since 1978. From high taxes to sticky inflation and low growth, there is a strong sense that the country simply isn’t heading in the right direction.
Asos shares uptick despite narrowing losses April 23, 2026 Asos shares are up by more than 3 per cent on Thursday as the online fashion giant focuses on efforts to bear down on its losses. The group cut its pre-tax loss by more than £100m to £137.9m for the six months to the beginning of March, while revenue slid 14 per cent to £1.1bn. [...]
AJ Bell inflows surge after record customer growth April 23, 2026 One of the UK’s largest investment platforms recorded a surge in net inflows in its latest trading update after attracting an influx of new customers. AJ Bell reported a 42 per cent rise in net inflows during the second quarter of the financial year, jumping from £1.9bn in 2025 to £2.7bn. Gross inflows also hiked [...]
The tax effect: Reeves borrowed less than OBR forecast April 23, 2026 Chancellor Rachel Reeves oversaw lower government borrowing than the Office for Budget Responsibility forecast in the financial year 2024 to 2025, it has been revealed, pointing to the effect sweeping tax hikes have had in narrowing the deficit. The Office for National Statistics has shown that government borrowing over the last financial year was £132bn [...]
Back to the 1970s: Brits know the damage being done to our economy April 23, 2026 By late 1978 Britain was in the grip of what became known as the Winter of Discontent. Waves of strike action caused huge economic and social disruption as rubbish piled up on the streets and bodies went unburied. It was a crisis for the Labour government and a low point in Britain’s recent history. It [...]
Voters have not understood the reality of a zero growth economy April 23, 2026 Since 2019, UK national income per head has grown by just 0.1 per cent a year on average. In other words, essentially zero growth. It means that the resources available to the economy, whether for private or public use, do not change, says Paul Ormerod Does life imitate art? Evelyn Waugh’s comic masterpiece Vile Bodies, [...]
Government launches Britain’s largest ever retail investing campaign April 23, 2026 The government has unveiled its industry-backed push to encourage households to plough their savings into the stock market, in what is set to be the largest retail investing campaign of its kind in Britain’s history. Starring a red squirrel called ‘Savvy’, the Invest for the Future campaign will seek to “drive a step change in [...]
UK workers suffer bigger tax hikes than any leading economy after Reeves’ raid April 22, 2026 Taxes on wages in the UK rose at a faster pace than any country tracked by the OECD as Chancellor Rachel Reeves’ measures have squeezed people’s incomes. A new report by the OECD – the Organisation for Economic Co-operation and Development – has found that taxes in the UK for single workers jumped higher than [...]
Proposed consumer lawsuit regime may expose businesses to mass litigation April 22, 2026 The UK government’s proposal for a class-action scheme that allows consumers to collectively sue businesses could wreak havoc if greenlit, as businesses could face ‘increased litigation risk’. The Law Commission, sponsored by the Ministry of Justice (MoJ), proposed project, expected to commence in Autumn 2026, will identify the benefits and risks of introducing a more [...]
