City AM

1 day ago | cityam.com | Samuel Norman

Saturday 28 June 2025 6:00 am | Updated: Friday 27 June 2025 3:15 pm British Business Bank set on delivering Labour’s growth ambition City Reporter British Business Bank chief executive Louis Taylor (Image PA Wire) Arguably one of the biggest winners from Chancellor Rachel Reeves’ latest spending splurge, the British Business Bank had its lending capacity beefed up and pledged to back the UK’s innovators with its expanded range. The bank had its funding capacity increased to £25.6bn in the...

1 day ago | cityam.com | Samuel Norman

Friday 27 June 2025 12:29 pm Will banks be able to escape a Reeves’ tax raid this Autumn?

1 day ago | cityam.com | Samuel Norman

Friday 27 June 2025 9:10 am Labour’s welfare U-turn spikes fears of tax hikes City Reporter Labour’s latest U-turn is another blow to Reeves’ fiscal stability. The bill initially targeted restrictions on personal independence payments (PIP) and limited the sickness-related element of universal credit in a bid to shed £5bn from the welfare budget by 2030. Under the new concessions, people who currently receive the personal independence payment (PIP) will continue to do so, meaning nearly...

1 day ago | cityam.com | Samuel Norman

Friday 27 June 2025 7:35 am Heathrow eyes earnings crunch as national insurance hike weighs City Reporter Heathrow is eying another record number of passengers. The airport expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) to decrease by three per cent to near £1.98bn over the year due to higher operating costs brought on by Rachel Reeves’ tax grab. The Chancellor introduced the 1.2 per cent increase to NICs during her maiden Autumn budget, alongside a whopping...

2 days ago | cityam.com | Samuel Norman

Friday 27 June 2025 5:30 am | Updated: Thursday 26 June 2025 3:57 pm Cavendish chiefs: Markets need tax incentive to turn heads City Reporter Bosses of Cavendish have renewed calls for more attractive tax policy for markets. The bosses of investment bank Cavendish have joined calls to use more attractive tax policy to boost market listings, amid a waning backdrop for the London Stock Exchange. The London-listed company swung back into profit on Wednesday, but did so battling against woeful...