Autumn Budget quiz: How closely were you following Rachel Reeves’s tax-raising speech?

JPMorgan has announced plans to construct a new headquarters in Canary Wharf, London, which will be a significant 3 million square foot tower, reflecting the bank's commitment to its operations in the UK. CEO Jamie Dimon emphasized the importance of this development for the company's future in the city.

Chancellor Rachel Reeves announced a budget that includes a £26 billion tax increase and the scrapping of the two-child benefit cap, aiming to address the UK's cost of living crisis. However, the Institute for Fiscal Studies (IFS) has warned that this strategy may be 'fiscal fiction', as it delays the financial impact until just before the next general election in 2029.

British retailers, including Primark, Currys, and Boohoo, have expressed frustration over the UK government's decision to delay the end of a tax break on low-value imported goods until 2029, which they argue undermines their competitiveness against foreign rivals like Shein and Temu.

Chancellor Rachel Reeves has presented the UK Budget for 2025, which includes a £26 billion tax increase and increased welfare spending aimed at addressing the ongoing cost of living crisis. This budget is a significant move for the Labour government as it seeks to balance fiscal responsibility with the needs of citizens facing economic challenges.

The UK energy minister, Michael Shanks, emphasized the urgent need for the country to take decisive action to prevent a potential gas supply crisis, which could leave homes and businesses without gas during the coldest days of the year. Advisers have warned that without adequate planning, the UK may face significant shortages by the end of the decade.

Chancellor Rachel Reeves's recent budget includes a tax break for wealthy former non-domiciled individuals, significantly reducing their inheritance tax liabilities. Experts indicate that this benefit primarily favors those with assets exceeding £83 million, raising concerns about equity in tax policy.

A group of eminent scientists has issued a stark warning regarding severe climate-related risks to the UK economy, public health, food systems, and national security during a national emergency briefing in Westminster. Over 1,000 leaders from various sectors gathered to discuss the urgent changes needed to address these challenges.

Businesses in Surrey have expressed mixed reactions to Chancellor Rachel Reeves' recent Budget, which includes significant reforms aimed at addressing the ongoing cost of living crisis. The Budget features a £26 billion tax increase and changes to welfare policies, which have sparked varied responses from local enterprises.