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07/10/2025

If there’s one major lesson from the last few years in European politics, it’s that the markets hate uncertainty.

Bond markets convulsed after Liz Truss’s mini-budget, and the so-called ‘moron premium’ has been a factor in British politics ever since.

And, despite Emmanuel Macron’s pleas to the divided French parliament of: “Don’t become like Britain”, the political crisis in France is deeper than anything we’ve seen here.

That’s because Macron has just lost yet another prime minister – this time, Sebastian Lecornu.

He is the seventh prime minister of Macron’s presidency. Of those seven, there have been four in the last two years alone.

07/10/2025

The UK’s fast growing tech industry is sounding the alarm ahead of the November budget, warning that future tax increases could drive investors out of the country

Brent Hoberman - co-founder of lastminute.com and one of the UK’s leading tech heavyweights, says VC firms are now actively considering relocation to Europe.

He’s concerned by talk of wealth tax and potential policy shifts to align capital gains tax with income tax.

Hoberman described these measures as alienating, warning that efforts to target the rich could ultimately backfire.

Manufacturing at Jaguar Land Rover will partially restart as soon as Wednesday, the firm has said, a month and a half af...
07/10/2025

Manufacturing at Jaguar Land Rover will partially restart as soon as Wednesday, the firm has said, a month and a half after a crippling cyberattack forced the UK’s largest carmaker to halt its production line.

In a statement released on Tuesday, the Tata Motors-owned car brand confirmed that a phased restart at two of its West Midlands plants will begin on 8 October, and that the firm’s staff will return to other integral production phases, including its “body shop, paint shop and logistics operations centre”.

Read the full story here 👇
https://bit.ly/3INO9EQ

Party conferences are a self-important affair for the government and His Majesty’s Official Opposition. The ring of stee...
07/10/2025

Party conferences are a self-important affair for the government and His Majesty’s Official Opposition. The ring of steel around the venues, the airport-style security and heavily armed police officers.

The nation’s top political journalists forced to drink warm white wine and perform karaoke. The adoring party members wanting selfies with their favourite (last night I overheard one young Tory brag that they had touched James Cleverly).

Yet for all the fanfare and media attention, it is difficult to believe these conferences make one iota of difference.

A sceptical British public is not willing to listen to Tory promises of credibility after 14 years of government, writes Matthew Lesh.

Read the full story here 👇
https://bit.ly/46Xc2lh

Techbehemoth and OpenAI yesterday struck a multi-billion-dollar partnership with chipmaker AMD, committing to purchase u...
07/10/2025

Techbehemoth and OpenAI yesterday struck a multi-billion-dollar partnership with chipmaker AMD, committing to purchase up to six gigawatts of the company’s next-generation processors to power new AI data centres.

The deal, which will start with AMD’s new ‘MI450’ chip in the second half of 2026, marks a key step in OpenI’s strategy to diversify its hardware supply and reduce dependence on industry behemoth Nvidia.

Under the agreement, the ChatGPT maker will acquire the chips either directly or through cloud partners such as Microsoft and Oracle.

AMD boss Lisa Su described the partnership as a milestone for the company, estimating it could generate tens of billions of dollars in revenue annually in the next five years.

Read the full story here 👇
https://bit.ly/48f3KYl

Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been re...
07/10/2025

Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been revealed.

Lime Technology has reported a turnover of £111.3m for 2024, according to new accounts filed with Companies House.

The total is up significantly from the £63.5m it achieved in 2023.

However, the latest accounts also show the firm’s pre-tax profit dipped from £2.1m to £1.7m over the same period.

Read the full story here 👇
https://bit.ly/3KDep5l

House prices fell last month, a leading price index has suggested, a warning that house buyers and sellers are nervy ahe...
07/10/2025

House prices fell last month, a leading price index has suggested, a warning that house buyers and sellers are nervy ahead of a potential tax raid on property.

Halifax’s house price index suggested house prices dropped by 0.3 per cent on the month, putting the average property cost at £298,184.

The annual rate of growth was just 1.3 per cent, which was also lower than the two per cent seen in the previous month.

In London, prices edged up by 0.6 per cent as the property value reached £543,497, reflecting the widening gap between property prices in London versus the rest of the country.

Read the full story here 👇
https://bit.ly/47aBG7k

A majority of Britons believe Rachel Reeves’ next Budget will make them worse off while three in four have lost faith in...
07/10/2025

A majority of Britons believe Rachel Reeves’ next Budget will make them worse off while three in four have lost faith in the government’s growth mission, fresh polling reveals.

The Labour government has made growing the UK economy its central mission in government in a bid to claw back support across the electorate.

But the latest monthly City AM/Freshwater Strategy poll shows Labour have a mountain to climb to win the faith of voters on the UK economy.

Most voters (56 per cent) said they expected the economy to worsen in the next year while 74 per cent of Brits say they lacked confidence in the government’s growth plans.

Read the full story here 👇
https://bit.ly/46UiWrv

06/10/2025

Mel Stride has pledged to make sweeping tax cuts for businesses and young house buyers if the Tories are re-elected, in a speech talking up the party’s economic plans for the coming years.

In a speech setting out the Tories’ commitment to keep public spending under control and lower costs for businesses, Stride accused Labour of misleading voters on keeping taxes low as he pointed to tax cuts under Margaret Thatcher’s government as an example for the Tories to follow.

The Shadow Chancellor announced the Tories would apply a tax exemption to firms across the retail and hospitality sectors that pay £110,000 or less a year in business rates.

The Tories believe that the exemption on business rates for pubs and shops would cost the government £4bn a year.

Read the full story here 👇
https://bit.ly/42tWCUh

06/10/2025

Rachel Reeves is reported to be weighing up a tax on Britain’s banking giants as the Treasury looks to strum up cash in the forthcoming Autumn Budget.

The Chancellor is expected to be staring down a fiscal blackhole of over £20bn come November 26 and banks have been viewed as an easy – and politically safe – cash grab.

The Treasury has been lobbied by think tanks and rival parties to slap a tax on the lenders.

The left-wing Institute for Public Policy Research (IPPR) released a report over the summer which called for the government to introduce a windfall tax on the banks.

Read the full story here 👇
https://bit.ly/3Kz05e1

Reform UK-run Kent county council is likely to raise council tax next year, with a cabinet member suggesting that a five...
06/10/2025

Reform UK-run Kent county council is likely to raise council tax next year, with a cabinet member suggesting that a five per cent hike is on the cards.

Diane Morton, the council lead for adult social care, told the Financial Times: “We’ve got more demand than ever before and it’s growing.”

“We just want more money,” said Morton, adding that local services are already “down to the bare bones”.

Morton appeared to confirm a ballpark figure for tax hikes, saying “I think it’s going to be five per cent” to raise an estimated £50m.

Read the full story here 👇
https://bit.ly/4nYj3t0

Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have war...
06/10/2025

Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have warned, as chancellor Rachel Reeves scrambles to plug a £30bn fiscal black hole.

A combination of changes to the rules governing National Insurance Contributions (NICs) and income tax is set to rake in an extra £15bn in extra tax receipts, according to researchers at Oxford Economics.

Read the full story here 👇
https://www.cityam.com/autumn-budget-another-major-nics-tax-raid-on-the-cards-economists-warn/

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