OUTLOOK Bailey raises alarm over private credit market BBC News City AM The recent bankruptcies of First Brands and Tricolor have raised concerns about the stability of the private credit market, according to Andrew Bailey, Governor of the Bank of England. He told the...

TAX Top 1% pay a third of UK taxes The Times The top 1% of UK taxpayers contributed approximately £93.8bn in income and capital gains tax (CGT) for the 2023/24 tax year, accounting for 33% of total tax revenue, according to HMRC. The top 100,000 taxpayers alone paid...

OUTLOOK Profit warnings surge amid turmoil Daily Mail The Independent UK The Times Nearly 65 UK-listed companies issued profit warnings in the third quarter, according to a report by EY. Of these, 47% attributed their lower-than-expected profits to "policy change and...

OUTLOOK Small firms flag Budget fears Daily Express Eight in ten small businesses are worried about the upcoming Budget, according to Novuna Business Finance, with firms concerned that measures set out by the Chancellor could further hurt their business. The survey...

OUTLOOK Chancellor looking at tax hikes and spending cuts Sky News BBC News City AM Daily Mail The Guardian The Independent The Times Rachel Reeves has confirmed that tax rises and spending cuts are on the table as the Budget approaches, with the Chancellor looking to...

TAX Experts call for tax hikes and system overhaul The Independent Tax experts have warned MPs that the current tax system is overly complex and inhibiting growth, telling the Commons Treasury Committee that Chancellor Rachel Reeves should use her Budget to overhaul...

TAX Chancellor warned that tax hikes will hurt firms Daily Mail The Independent The Daily Telegraph Chancellor Rachel Reeves has been warned that tax increases in the upcoming Budget could hurt businesses and drive some companies toward collapse. Shevaun Haviland,...

OUTLOOK Business costs surge as inflation bites The Times Business costs in the UK are rising at the fastest rate in four years, according to a survey by Deloitte. A net balance of 84% of chief financial officers (CFOs) expect operating costs to increase over the next...

OUTLOOK Business optimism slips City AM Daily Mail The Times Businesses in the UK are increasingly anxious about rising taxes and inflation ahead of the upcoming Budget, according to a survey by the British Chambers of Commerce (BCC). The survey, which polled 4,600...

OUTLOOK AI boom risks 'abrupt' stock market correction Sky News Financial Times The Guardian The IMF and Bank of England have both warned that an AI-driven market bubble could suddenly burst risking a "sudden correction" in global financial markets. "On a number of...