Finance

Sir Sadiq Khan is increasing his funding of debt collectors that track down unpaid council tax and business rates in London.

Labour will increase the inheritance tax relief threshold for farmers in a significant concession following backlash from rural communities.

British households saved less during the July-to-September period of this year as they felt the impact of higher taxes but continued to increase their spending, according to official data that confirmed a slowdown in the broader economy.

The base interest rate was cut from 4% to 3.75% on Thursday, as Economics Editor Joel Hills reports.

Britain has unveiled a major new anti-corruption strategy aimed at stopping criminals and sanctioned oligarchs from laundering money through the UK, with a particular focus on the lawyers, accountants, bankers and corporate service providers who enable illicit finance.

Rachel Reeves’ promise to reduce household energy bills by £150 might be nullified due to the costs associated with nuclear energy, concealed green levies, and new charges being introduced by the energy regulator, according to reports.

Approximately 700 Albanian families might be offered more than £3,000 to leave the UK, as ministers handle a rising immigration bill.

Britain’s energy watchdog has given the green light to an initial £28 billion of investment to upgrade UK energy infrastructure, but revealed the move will push up network charges on household bills by £108.

Swiss bank reports that inheritances have made 91 individuals billionaires, while the overall number surged from 2,682 in 2024 to 9,919 this year.

Disabled drivers could be set for a major boost due to a little-known Vehicle Excise Duty (VED) change in Rachel Reeves’ budget.

The United Kingdom is considering a ban on crypto donations to political parties, a move that would directly affect Reform UK and its leader, Nigel Farage, who have leaned into digital assets as part of a pitch for a crypto revolution in Britain, according to Politico.

Elon Musk-owned electric carmaker also called for support for the secondhand market, documents reveal.

Last week, Harbour Energy said it was “disappointed with the outcome” after there was no reform to the windfall tax in the UK budget.

Keir Starmer has been forced into a panicked pledge to try to cut welfare after his "Benefits Street Budget" triggered a fierce backlash and left Rachel Reeves fighting to keep her job.

The support for the PM seems to be directly conflicting with the Office for Budget Responsibility (OBR), which stated it informed the Chancellor as early as October 31 that there was no longer a deficit in the public finances.

Official figures from the Office for National Statistics released on Thursday showed an estimated 252,000 Britons left the UK in the year to June 2025

Building societies fear consumers will be deterred from saving if the chancellor’s budget announces a 40% reduction

Milkshakes and lattes face tax hikes as the government confirmed it is extending the ’sugar tax’.

According to research, the UK could eliminate its dependence on exporting plastic waste by 2030, creating 5,400 new jobs and taking responsibility for the environmental impact of its waste.

It has been announced that luxury cars will no longer be available for Motability recipients, with the government stating that more money will also be directed to British manufacturers under the new changes.

Chancellor Rachel Reeves states the government will make a renewed attempt to revamp the welfare system as she prepares to allocate £3 billion in Wednesday’s Budget to abolish the two-child benefit cap.