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 [...]
Angela Rayner resigns September 5, 2025 Angela Rayner has resigned as deputy prime minister, housing secretary and deputy leader of the Labour Party after being found in breach of the ministerial code. This comes as an inquiry led by ethics watchdog Sir Laurie Magnus, after the now-former deputy prime minister admitted to underpaying stamp duty on her second home in Hove. [...]
London Stock Exchange boss: Fix underinvestment for growth September 5, 2025 The boss of the London Stock Exchange has urged the government to fix investment in capital markets to achieve economic growth. Dame Julia Hoggett, the chief executive of the London Stock Exchange, has backed the new ‘Tell Sid’-style campaign announced by Chancellor Rachel Reeves this year in a bid to get Brits investing. Hoggett told [...]
Rayner’s lawyers: ‘We are being made scapegoats’ September 4, 2025 The law firm used by under-fire Angela Rayner for the purchase of an £800,000 flat in Hove say that they have been made “scapegoats” and did not give the Deputy Prime Minister any tax advice. In a statement issued to The Telegraph, Joanna Verrico, managing director of the family-run firm, said that their procedure is [...]
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 [...]
UK businesses slash jobs after tax raid September 4, 2025 UK employers slashed jobs at the fastest pace in four years as companies suffer the costs of tax decisions from Rachel Reeve’s Autumn Budget last year. Companies cut employment by an annual rate of 0.5 per cent in the three months to August. This is the worst figure since 2021, according to a Bank of [...]
Banks’ bond market headache spells trouble for FTSE 100 September 4, 2025 The frenzy in the bond market spells trouble for banking stocks and could create broader issues for the FTSE 100. Bond markets have had a tumultuous week, with the UK’s 30-year gilt yields hitting a 27-year high. This was triggered by a global sell-off, as well as political unease stemming from a Downing Street reshuffle [...]
Government launches consultation to ‘strengthen’ £100bn design sector September 4, 2025 The UK government has launched its most extensive review of design protection in decades, aiming to modernise the system, tackle abuse, and support the nation’s £100bn design economy. The consultation was launched by the Intellectual Property Office (IPO) as a result of problems facing the sector, including its reputation as ‘David vs Goliath’ for smaller [...]
Watch: Reeves fights back against critics ‘talking rubbish’ September 4, 2025 It’s not just Angela Rayner who finds herself on the defensive; Rachel Reeves has come out fighting – claiming many of her critics are talking rubbish. Who could she be talking about? Imagine returning from your summer break to find that your boss has poached your deputy and hired a brace of advisers to advise [...]
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 [...]
