45 h. ago Steel billionaire reportedly latest to leave UK ahead of proposed tax squeeze on ultra

Move marks the latest high-profile departure amid fears Rachel Reeves’s budget will drive Britain’s wealth overseas

Economics

46 h. ago Rules on firm ownership leave Scotland ‘out of step’, prominent lawyers argue

The Law Society of Scotland, which regulates the profession, has been accused of delaying the changes through inertia

Politics

63 h. ago Billionaire steel tycoon Lakshmi Mittal quits Britain amid Rachel Reeves' tax raid on the super

The Indian-born steel tycoon will now reportedly spend much of the future in Dubai and is registered as a resident in Switzerland for tax.

Economics

4 d. ago PM says leaders should ‘stick to their word’ but fails to reaffirm tax pledge

The Prime Minister repeatedly declined to rule out hitting working people with extra tax in the Budget.

Politics

4 d. ago Rachel Reeves is studiously ignoring the cause of Britain’s woes: the Brexit

The autumn budget will mop up some damage, but the true source of the economic crisis is clear. The government should now fix it – don’t hold your breathImagine a family stuck in a house that constantly floods. The carpets are soaked, the walls damp. It’s always cold, no matter how much they turn up the heating.The family try everything. They promise to replace the sodden carpets and find new, innovative ways to warm the house. Someone with a laptop wonders if AI might be the answer. But no one ever looks upwards and says: maybe we should just repair the giant hole in the roof. Continue reading...

Politics

1 week ago UK exports to US hit lowest level since January 2022 as tariffs bite – business live

New economic data shows fall in UK exports to the US, as Britain’s economy shrinks in SeptemberChancellor Rachel Reeves is harking back to the happier days of stronger growth in the first two quarters of this year.Responding to this morning’s GDP figures, Reeves says:“We had the fastest-growing economy in the G7 in the first half of the year, but there’s more to do to build an economy that works for working people.At my Budget later this month, I will take the fair decisions to build a strong economy that helps us to continue to cut waiting lists, cut the national debt and cut the cost of living.” Continue reading...

Economics

1 week ago SIMON LAMBERT: Why Rachel Reeves' Budget may spell bad news for your pay packet

The budget is coming up and the Chancellor, Rachel Reeves, needs to balance Britain's books. That could spell bad news for your pay packet.

Economics

2 w. ago UK will not invest in Brazilian tropical forest fund at Cop30

Britain will not commit public money as Rachel Reeves grapples with balancing the books ahead of the Budget.

Economics

3 w. ago Labour set to hit middle class earners with £60BILLION tax bomb to plug Budget gaps, top economists predict... amid fears Rachel Reeves could send Britain into a fiscal 'doom loop'

In trying to meet her Budget targets, the Chancellor may face a £20billion to £30billion black hole, according to analysis by the National Institute of Economic and Social Research (NIESR).

Economics

3 w. ago Two in five business owners say they'll leave Britain if Rachel Reeves delivers tax rises

Businesses have warned it is increasingly difficult to operate following tax rises in the last Budget, alongside higher energy prices and stubborn inflation.

Economics

3 w. ago Susanna Reid and Lorraine Kelly mock Rachel Reeves for 'bonkers' Downing Street Budget speech

Rachel Reeves put Britain on notice for higher taxes saying ‘we will all have to contribute’ to the country’s economic future in a speech on Tuesday

Politics

3 w. ago Reeves puts country on notice for tax hikes as ‘each of us must do our bit’

In a pre-Budget speech, Rachel Reeves said: ‘If we are to build the future of Britain together, we will all have to contribute to that effort.’

Politics

3 w. ago ITV Good Morning Britain interrupted as Rachel Reeves makes major announcement

Good Morning Britain was halted for a major announcement from Chancellor Rachel Reeves, who is expected to announce tax increases

Politics

3 w. ago Reeves prepares for tax rises in Budget as global and domestic pressures bite

Chancellor Rachel Reeves suggested ‘we will all have to contribute’ to building a new future for Britain.

Economics

3 w. ago Good Morning Britain halted over breaking news update from Rachel Reeves

Good Morning Britain was interrupted on Tuesday morning as Rachel Reeves delivered a 'tough message' in a major update

Politics

3 w. ago ‘Patients will suffer’: tales from the frontline of the UK pharma crisis

The pricing standoff between government and industry has stalled research and put thousands of jobs at risk‘We want to see more investment flow to Britain,” the chancellor, Rachel Reeves, urged of big pharmaceutical companies this month, as she indicated that the government was willing to increase the price it pays for NHS drugs. Ministers are likely to announce a rethink on pricing soon, potentially by the end of this week.But the size of that rise remains uncertain. The big question is whether it will be generous enough to convince pharmaceutical companies, which account for a near-£100bn slice of the UK economy, to resume the investments they had paused in a strong-arm campaign to secure concessions from government. Continue reading...

Science

3 w. ago Rachel Reeves insists Britain can 'defy' grim economic forecasts

The Chancellor is currently scrambling to plug a multi-billion pound hole in her spending plans ahead of her fiscal package on 26 November.

Economics

4 w. ago It's not me, it's Brexit! Rachel Reeves blames 'cost' of leaving the EU for Britain's inflation woe as she claims UK can reap 'huge benefits' from moving back closer to Brussels

The Chancellor admitted that inflation was 'too high' but said this was partly due to Britain officially severing ties with the EU almost six years ago.

Economics

last month 'A horror show that demonises the wealthy': Top city banker's scathing verdict on Rachel Reeves' Budget plans as he accuses Government of pursuing a 'socialist fantasy'

City grandee and philanthropist Ken Costa cautioned that 'just about anyone with aspirations is being made to feel unwelcome in Rachel Reeves' Britain'. Pictured: The Chancellor

Economics