Conservatives will attempt to block Chagos deal over China spying fears October 18, 2025 Conservative MPs will launch a last-ditch attempt to block the Chagos Islands deal next week due to fears it will be used by China to spy on the UK. First reported in the Telegraph, the Tories plan to force a vote in Parliament over whether to effectively end the deal by holding up payments to [...]
Rachel Reeves gears up for £1bn savings in Motability October 17, 2025 Rachel Reeves is reportedly planning a £1bn savings package through cuts to the Motability scheme offered to disabled people. As part of a drive to plug a £30bn hole in the public purse, the Chancellor is considering reducing the number of BMWs and Mercedes some disability claimants can access through the Motability scheme, which is [...]
Bank of England should cut interest rates at ‘more cautious pace’, Huw Pill urges October 17, 2025 The Bank of England’s chief economist Huw Pill has renewed calls for interest rates to be cut at a “more cautious pace” in the next year, adding to the likelihood that Bank Rate may be held at four per cent for the foreseeable future. In a speech delivered on Friday, Pill said efforts to lower [...]
China threatens ‘consequences’ over London embassy delay October 17, 2025 China has unleashed a threat of “consequences” over the latest delay to approving its application for a highly controversial new embassy at the Royal Mint Court site in London, amid escalating diplomatic tensions between the UK and the world’s second largest economy. Chinese Foreign Ministry spokesman Lin Jian has blasted Keir Starmer for failing to [...]
FTSE 100 Live: BBVA Sabadell bid falls through, tax rises in focus October 17, 2025 Good morning from the City PM liveblog team. Rachel Reeves isn’t going to introduce a Wealth Tax, but she is going to tax the wealthy. She isn’t going to impose austerity, but she is going to get spending under control. Confused? Speculation over the contents of next month’s Budget has reached fever pitch, and it’s [...]
Over half of firms would stop hiring if Reeves hikes taxes, survey finds October 17, 2025 More than half of businesses would cut staff or stop hiring if taxes are hiked at this year’s Budget, a leading survey of accountants has found, a fresh warning that Chancellor Rachel Reeves risks inflicting further damage on the UK jobs market. Reeves has publicly said that she was considering making tax hikes at this [...]
Labour delays decision on China’s mega embassy application October 16, 2025 A decision on China’s new mega embassy next to the Tower of London has been delayed to December amid growing concerns that China is interfering with British democracy by spying on MPs and stealing classified information. The application for the new embassy at the Royal Mint Court site was set to be finalised as early [...]
Rachel Reeves and the tax and spend doom loop October 16, 2025 Rachel Reeves isn’t going to introduce a Wealth Tax, but she is going to tax the wealthy. She isn’t going to impose austerity, but she is going to get spending under control. Confused? Speculation over the contents of next month’s Budget has reached fever pitch, and it’s only going to ramp up from here. This [...]
Why cutting spending is now the only way to revive the economy October 16, 2025 With Brits stashing away cash in fear of further tax hikes under Labour, cutting spending is now the only way forward to grow the UK economy.
Security adviser made ‘independent decision’ to use Labour policy in Chinese spy statement October 16, 2025 A Labour minister has claimed the deputy national security adviser made an “independent decision” to use what appeared to be the political party manifesto’s wording in his witness statement provided to the the Crown Prosecution Service (CPS) regarding the alleged collapsed spying case. Cabinet Office minister Chris Ward doubled down on political claims that the [...]
