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Labour Party

VAT hike would have 'serious negative impact' on º£½ÇÊÓƵ, economists warn Rachel Reeves
By City AM
A VAT hike would have the biggest negative impact of any major tax rise, leading to a 0.9 per cent fall in GDP in the first year after the tax is applied, according to an analysis by the National Institute of Economic and Social Research (NIESR)
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New budget headache for Chancellor Rachel Reeves as the number of job seekers spikes
By City AM
The number of job seekers has spiked while a rise in starting salaries was "fractional" - signs that the jobs market is struggling to shake off higher taxes and low growth prospects.
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º£½ÇÊÓƵ tech sector risks exodus over tax fears as 'alienating' Rachel Reeves Budget looms
By City AM
º£½ÇÊÓƵ tech investors are considering moving to Europe if tax hikes are introduced as part of the Labour government's tax overhaul, according to Founders Forum co-founder Brent Hoberman
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º£½ÇÊÓƵ Budget preview: Potential NICs changes and new tax measures to address £30bn shortfall
By City AM
The likely measures include extending the freeze on income tax allowances and NICs thresholds to the 2029/30 tax year, dragging millions more employees into paying higher rates of tax and raising an extra £10bn
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º£½ÇÊÓƵ construction sector faces downturn ahead of Autumn Budget
By City AM
The latest Purchasing Managers Index (PMI) from S&P Global showed construction output showed the industry hit its highest level for three months at 46.2
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Will the middle solve the riddle? How our mid-sized businesses can help drive Britain’s economic growth
Economy
Labour Conference hosts debate on how trillion-pound sector can generate investment and jobs
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º£½ÇÊÓƵ economy stalls in second quarter as growth remains sluggish
By City AM
This figure is significantly lower than the 0.7 per cent growth observed in the first three months of the year
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‘Build Baby Build’ and cutting red tape – business takes centre stage at Labour Party conference
Labour Party
Thousands of delegates in Liverpool this week
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Government borrowing in August hits highest level in seven years forcing taxes to rise
By City AM
Public sector borrowing was 18bn in August 2025, 3.5bn more than last year and the highest since 2020
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State pension poised to rise by £560 in extra costs to Treasury
By City AM
State pension poised to rise by £560 in extra costs to Treasury
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'Looming fiscal crisis' warning to Britain as Mel Stride urges cuts to avoid recession
By City AM
The Centre for Policy Studies (CPS) report, named 'Breaking the Cycle', warned of a 'looming fiscal crisis' in the º£½ÇÊÓƵ unless the government takes action to boost growth and curb spending
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Keir Starmer faces 'battle' over Angela Rayner's Employment Rights Bill in Labour overhaul
By City AM
The prime minister and new business secretary Peter Kyle are set to balance the concerns of businesses and unions, which make up a large part of the party's donors, over the bill
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M&S urges new Labour government to scrap 'family farm tax'
By City AM
Marks & Spencer has urged the Labour government to scrap the "family farm tax" after protests against the decision to end the decades-old inheritance tax relief for farmers
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Construction sector faces longest decline since 2002 as Labour housing targets at risk
By City AM
The construction sector has now been in decline for eight consecutive months
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Autumn Budget date confirmed as Rachel Reeves faces 'biggest test'
By City AM
The Autumn Budget will not be until at least mid-November, Downing Street has confirmed, with the Treasury still to give the Office for Budget Responsibility (OBR) its ten-week notice to begin writing up forecasts.
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Debenhams to close BooHoo distribution centre with potential loss of 1,250 jobs
Employment
The operation in Burnley will be transferred to Sheffield
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The high level of young people in Wales classed as NEETs
Economy
The ONS has published new data on young people not in employment, education or training
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Rachel Reeves HMRC shake-up will see agency ramp up pension tax relief scrutiny
By City AM
HMRC will be 'lowering the threshold' from 1 September for requiring evidence to support pension tax relief requests
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Government takes control of º£½ÇÊÓƵ's third largest steelworks in bid to save 1,450 jobs
Industrial
The high court confirmed on Thursday that Speciality Steel – previously part of Sanjeev Gupta's Liberty Steel business – would face a compulsory liquidation
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Rachel Reeves' potential tax strategy could impose extra £7,000 on high earners
By City AM
The Chancellor is under pressure to raise taxes by as much as 50bn in the autumn Budget, sparking fears the freeze on income tax thresholds could be extended
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Rachel Reeves plans to slash tax-free pensions lump sum in clampdown
By City AM
Chancellor believes º£½ÇÊÓƵ economy is worth 50bn less than previously thought
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Chancellor Rachel Reeves considers Capital Gains Tax on homes worth more than 1.5billion
By City AM
Rachel Reeves is considering imposing capital gains tax on the sale of houses above 1.5bn as she looks to fill a 40bn hole in the public finances.
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Rachel Reeves set to scrap European environmental rules to boost building projects
By City AM
Chancellor Rachel Reeves is considering allowing only one opportunity to bring any challenge to environmental protections and has been encouraged to go further by some MPs
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Scout Moor II: The story so far as plans for England's biggest onshore windfarm move forward
North West
Cubico Sustainable Investments. plans more turbines but campaigners are preparing to fight
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