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Chancellor John Healey is reportedly plotting a £2bn tax raid on banks in his 28 October Budget — raising the bank surcharge from 3% back to 8% — just hours after calling lenders the "jewel" of the British economy. Banks warn it could cost the economy £20bn. Full breakdown of the Budget 2026 bank tax.
Thames Water says it needs its emergency funding lifeline lifted by £2.4 billion to £5.4 billion or it could run dry by early 2027. Creditors vote October 29. Here is what the £4bn debt writedown, the Ofwat fines carve-out and Andy Burnham's nationalisation threat mean for your bills.
Alstom has signed a 15-year, £800 million deal to maintain Greater Anglia's fleet of 133 Class 720 trains, supporting around 100 jobs and keeping the UK's busiest commuter routes running into the early 2040s. Here's what the agreement means for passengers, Derby and Great British Railways.
The CMA has proposed designating Microsoft with strategic market status in business software — the first step towards bespoke rules on bundling, Teams, Copilot and cloud licensing. Here's what it means for the million-plus UK businesses in Microsoft's orbit.
The Real Living Wage has risen to £14.10 an hour (£15.45 in London), giving 500,000 UK workers a pay rise worth £1,250+ a year. Here's who's affected.
UK GDP grew 0.1% in August 2026, the ONS said today, beating forecasts of a 0.1% contraction as factory output surged. With the Autumn Budget on 28 October, we explain what the surprise growth means for taxes, mortgages and your money.
Ofwat has announced that £240 million will be knocked off UK water bills by 2030 after penalising firms that missed environmental and customer service targets. Yorkshire Water customers could save £27 a year and Thames Water households £7 — but there is a catch that could wipe out the gains for many.
The IMF has upgraded UK growth to 1.3% for 2026 — but warns inflation will average 3.3% this year and stay higher for longer, with energy bills and borrowing costs squeezing households ahead of the Budget.
The IFS warns Chancellor John Healey must find £36 billion in tax rises or welfare cuts at the October 28 Budget, as the Iran war blows a hole in Britain's public finances.