Jonathan Reynolds slams wealth tax as ‘daft’ in broadside against Labour left July 25, 2025 Jonathan Reynolds has dismissed the prospect of a wealth tax as “daft”, amidst repeated warnings from the City that the policy would damage the UK economy. In a podcast interview with GB News, the business secretary told those on the left of the Labour party: “Get serious!” Reynolds insisted that much of Labour policy already [...]
Chancellor exploring route to overturn impending ruling on motor finance July 25, 2025 The Chancellor is reportedly considering overruling the impending Supreme Court ruling on motor finance when it is handed down
Five day doctors’ strikes begin as Wes Streeting-BMA talks break down July 25, 2025 Resident doctors – formerly known as junior doctors – led by the British Medical Association (BMA) began a five-day strike on Friday morning, set to last until 7am on Wednesday. Health secretary Wes Streeting said on Thursday evening that strike action should have been a “last resort”, and “we did not need to be in [...]
Trump Scotland visit: Starmer to push for zero steel tariffs July 25, 2025 President Trump kicks off his golfing holiday in Scotland this evening, and all eyes are on his diary as the trip looks set to become a hub for diplomacy. Sir Keir Starmer will meet the US President on Monday, with the express mission of pressing for reduced tariffs on British steel. The two leaders are [...]
UK-India trade deal will be major boost for financial services July 25, 2025 Yesterday, as the UK-India Free Trade Agreement was signed, it marked a landmark moment forBritain’s financial services sector. Not only is this the government delivering a trade deal that was talked about for many years butnever happened – it is delivering a real strategic partnership with the world’s fastest-growing majoreconomy. It’s an agreement that perfectly [...]
Women at risk of running out of pension wealth seven years into retirement July 24, 2025 Women are retiring with significantly less pension wealth than men, leaving them at greater risk of running out of wealth just seven years into retirement, new analysis has found. Gen X women, aged 55-59, have just £81,000 in their pension on average, compared to the £156,000 held by men of the same age, leaving them [...]
Could a tourist tax ever work in London? July 24, 2025 Maybe it’s because I’m a Londoner, but I reckon there are few better tourist destinations. Our city is bursting with history and culture, boasts dozens of plush green spaces and has more Michelin Stars than New York. Should people pay to get in? Ours is one of the top cities on earth to visit, but [...]
UK insurance sector calls for more adverse weather protection July 24, 2025 The UK insurance sector has called for more adverse weather protection as a “challenging new era” places increasing pressure on insurers. In the first quarter of 2025, British insurers paid out a record high of £226m in weather-related claims, surpassing the previously held record of £67m in 2022. Industry paid an eye-watering £585m for weather-related [...]
UK sees ‘small burst’ in hiring in sign of growth July 24, 2025 The UK labour market saw a “small burst” in demand for jobs in June but postings remain below levels seen last year, fresh data has found, with brutal tax rises introduced in April by Chancellor Rachel Reeves weighing on employers. In new jobs figures published by the Recruitment and Employment Confederation (REC) and Lightcast, the [...]
Rachel Reeves is lost in space July 24, 2025 Rachel Reeves said was steering the economy past a black hole but her calculations are off and we’re heading for the abyss, says Helen Thomas One year ago, the new UK Chancellor declared that upon taking office she had discovered a £22bn fiscal black hole. She told parliament in her first big speech, “If left [...]
