Evoke, owner of William Hill, warns thousands of jobs could be lost after Rachel Reeves raised online gaming tax to 40%, prompting immediate investment cuts and a sharp fall in shares.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Budget ‘tone deaf’ and ‘a bit pathetic’, says AO World boss as Reeves refuses to rule out further tax rises
AO World CEO John Roberts calls Rachel Reeves’ Budget “tone deaf” and “pathetic”, as the Chancellor refuses to rule out further tax rises next year, alarming business leaders.
Reeves unveils £30bn tax rise as Budget leaves millions worse off and middle earners hit hardest
Rachel Reeves’ £30bn tax rises will leave most Britons worse off, with middle earners, property owners and EV drivers hit hardest, while large low-income families, pensioners and low-paid workers gain.
Budget 2025: Key announcements at a glance
Rachel Reeves’ 2025 Budget freezes tax thresholds, raises dividend and savings taxes, scraps the two-child benefit cap, introduces an EV mileage tax and unveils new levies on property, gambling and sugary drinks.
£4.7bn ‘salary sacrifice raid’ could see pension benefit scrapped by thousands of employers, experts warn
Experts say Reeves’ £4.7bn salary sacrifice cap will make pension schemes far less attractive, push employers to cut benefits, stall hiring and shrink workers’ long-term retirement pots.
EV drivers to face new pay-per-mile tax from 2028, Reeves confirms in Budget
Rachel Reeves has confirmed a new 3p-per-mile tax on EVs from 2028, prompting concerns among drivers as the government seeks to replace declining fuel duty revenues.
Business leaders urge Reeves to resign ‘like Hugh Dalton’ after Budget leaks: ‘More leaks than the Titanic’
Business leaders say Rachel Reeves should resign after a series of Budget leaks, comparing the chaos to the 1947 Hugh Dalton scandal and warning market confidence is collapsing.
Reeves condemns early release of OBR report as ‘deeply disappointing’ as experts call for investigation
Rachel Reeves condemns the early release of the OBR’s Budget report, while experts warn the breach is “astonishing” and call for a full investigation into how the sensitive document was published.
How Technology Is Transforming Finance
Technology has revolutionized plenty of industries, and finance is no exception. Digital transformation has changed how we manage money, invest, and handle financial transactions.
Sir Richard Branson announces death of his wife Joan after 50 years of marriage
Sir Richard Branson has announced the death of his wife, Joan Branson, sharing a heartfelt tribute on Instagram confirming she has passed away after their 50 years together.
Rachel Reeves urges Labour MPs to unite behind her ‘make-or-break’ Budget
Rachel Reeves tells Labour MPs to unite behind her “fair, progressive” Budget, warning that while not every measure will be popular, the full package is needed to stabilise the economy and cut living costs.
AI could replace half of the work carried out by American workers, McKinsey warns
A new McKinsey report warns AI and robots could automate 57% of US work hours, putting nearly half of American jobs at risk while creating new hybrid roles and boosting productivity.
Currency traders bet against sterling ahead of Reeves’ tax-raising Budget
Currency traders are betting heavily on a weaker pound ahead of Rachel Reeves’ Budget, fearing tax rises and weak growth could trigger further sterling volatility.
Chancellor urged to use AI to ‘Make Britain Great Again’ as Budget looms
Business leaders urge Rachel Reeves to use AI to drive UK growth, warning that investment must be paired with cyber protection and measures to rebuild confidence after tax rises.
Disposable income falls for fourth consecutive month as one in five Brits can’t cover essential bills ahead of Reeves’ Budget
Disposable income has dropped for a fourth month, with one in five UK households unable to cover essential bills, as rising costs and weak labour markets add pressure ahead of Rachel Reeves’ Budget.
