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OBR upgrades CGT receipts by £6.1bn by the end of the decade

The OBR’s Economic and Fiscal Estimates publication shows that Capital Gains Tax (CGT) is now estimated to raise an additional £6.1 billion between 2025-26 and the end of the decade.
Posted on Friday Nov 28

Calm on Black Friday as investors hope for glimpse of Santa

FTSE builds on recent rally. Resilient trading at Mitchells & Butlers. Shares up 8%. UK shoppers expected to spend £6.4bn today. US futures up ahead of return from Thanksgiving. Brent Crude prices head for fourth monthly loss.
Posted on Friday Nov 28

State pension on collision course with 20p tax band

Chancellor Rachel Reeves yesterday confirmed that the state pension will go up by 4.8% in April 2026 to: £241.30 per week (around £12,548 per year) for the full ‘new’ state pension and £184.90 per week (around £9,615 per year) for the ‘old’ basic state pension
Posted on Thursday Nov 27

Tax led consolidation amid a challenging fiscal backdrop

On November 26, the UK government (rated AA, Stable trend) presented its second Autumn Budget against a backdrop of a challenging fiscal environment. The government has limited headroom under its fiscal rule, and recent welfare policy reversals, elevated debt interest costs, and a softer growth outlook have further narrowed fiscal space.
Posted on Thursday Nov 27

Budget fails to deliver on tax reform to drive investment

Rob Agnew, Partner & Head of Private Capital, Isio, comments: "The Chancellor has clearly indicated a desire for the UK to become a hub for entrepreneurs and fast-growing firms.
Posted on Thursday Nov 27

Like watching Match of the Day when you know the scores

OBR report published early caps off the leakiest of Budgets. The chancellor has opted for pain now in the hope of relief later. The chancellor’s cut to household bills paves the way for interest rate cuts. What the bond market thinks. Budgets are getting leakier at a worrying pace
Posted on Wednesday Nov 26

Sticking plaster Budget may see Reeves up taxes in a year

Budget a missed opportunity to address growth challenges. Increase in fiscal headroom has kept bond market calm, but already raises questions about next Budget. Changes to pensions ‘particularly disappointing’ and will disincentivise saving
Posted on Wednesday Nov 26

Income Tax Threshold freeze extended to 2031

Earners face higher tax bands, pensioners could face paying income tax on the State Pension alone
Posted on Wednesday Nov 26

British investing hub and Stamp Duty holiday

The Chancellor has announced plans for investing platforms to build hubs championing UK investment opportunities in 2026. Hargreaves Lansdown fully supports the initiative which will help meet retail investor demand for the best of British. The hub, alongside the confirmed Stamp Duty holiday for new UK listings, is a welcome boost for UK shares. These announcements complement the Leeds Reforms aimed at building a retail investment culture in the UK.
Posted on Wednesday Nov 26

Comments on Chancellors introduction of new Mansion Tax

Mercer and Broadstone comment on the announcement there will be higher council tax for properties worth more than £2 million.
Posted on Wednesday Nov 26

Chancellor reduces cash ISA allowance to £12k for under 65s

Broadstone and Aegon comment on the Chancellor reducing cash ISA allowance to GBP12k for under 65s
Posted on Wednesday Nov 26

Shock rise in income tax on savings interest

The OBR documents indicate, the rate of income tax on savings interest will rise in April 2027.If you bust your personal savings allowance, basic rate taxpayers will pay 22% on interest, higher rate taxpayers 42% and additional rate taxpayers 47%.This is a rise of 2% across the board.
Posted on Wednesday Nov 26

Budget looms, US rates in focus and drama on the AI stage

UK markets open higher as Budget looms. UK Banks are expected to avoid major tax hikes. US markets react to rising rate cut hopes. Dell calls out strong AI demand. Alphabet’s TPU success offers an opportunity for Nvidia. Oil slips as Ukrainian peace talks progress
Posted on Wednesday Nov 26

Cash ISA allowance may be cut from £20,000 to £12,000

The government is reportedly planning to cut the cash ISA annual allowance to £12,000. HMRC says around 15 million adult ISAs were subscribed to in 2023/24 – just under 10 million of which were cash ISAs. It has been a record tax year so far for the number of people paying into HL cash ISAs - as well as HL stocks and shares ISAs, JISAs and LISAs.
Posted on Tuesday Nov 25

£4,000 extra tax from extended thresholds freeze

High earners could pay over £4,000 more tax a year without any real boost to their purchasing power if Chancellor Rachel Reeves extends the current income tax threshold freeze until 2030 in tomorrow’s Budget, according to new analysis by Rathbones, a leading UK wealth and asset management firm.
Posted on Tuesday Nov 25

The Budgets expected impact on the gilts market

Speaking ahead of the budget tomorrow, Chris Arcari, Head of Capital Markets, Hymans Robertson, said: As we close in on the budget, gilt yields are about 15-20bps off their autumn lows.
Posted on Tuesday Nov 25

Investment Outlook 2026 across public and private markets

Schroders’ experts have today shared their comprehensive 2026 outlooks across public and private markets, highlighting the opportunities and challenges investors face in light of significant geopolitical and economic developments.
Posted on Tuesday Nov 25

PRAs LIST demonstrates resilient bulk annuities market

Commenting on the PRAs Life Insurance Stress Test (LIST), Lara Desay, Partner and Head of Risk Transfer said: “On 24 November 2025, the Prudential Regulation Authority (PRA) published individual findings from its latest LIST. The 2025 exercise marks a significant milestone as it is the first under the Solvency UK regime and focuses on the eight largest bulk annuity providers.
Posted on Tuesday Nov 25

Billions left exposed to tax

5.2 million adult non-ISA savings accounts generate enough interest to breach basic-rate personal savings allowance threshold of £1,000. Rises to nine million accounts for higher-rate taxpayer threshold of £500. Government expected to generate £6 billion in savings interest tax this financial year
Posted on Monday Nov 24

Lots of noise but little signal from recent US data

Marcus Jennings, Fixed Income Strategist, Global Unconstrained Fixed Income, Schroders, explains why now the US government shutdown is over, we expect the fog clouding the view of the economy to gradually lift.
Posted on Friday Nov 21

IHT remains goldmine and set for record year as Budget looms

Just Group comment on the latest HMRC update showing that Inheritance Tax (IHT) receipts totalled £5.20 billion through the first seven months of the 2025/26 financial year (April to October).
Posted on Friday Nov 21

Urgent need for investor action on sustainability

Rathbones convenes industry to address global challenges, from climate tipping points to modern slavery. First Group-wide Responsible Investment Summit, delivered by Rathbones Greenbank, reflects urgent need for action in aligning long-term wealth with sustainability ambitions
Posted on Thursday Nov 20

Rachel Reeves nightmare before Christmas

With just one week left until Chancellor Rachel Reeves’ second Budget, Tom Selby, director of public policy at AJ Bell, comments on the task she faces against a difficult fiscal backdrop:
Posted on Wednesday Nov 19

Inflation falls ahead of the Budget

Standard life and Schroders comment as UK CPI falls to 3.6% in October ahead of next week’s Autumn Budget - but remains well above the Bank of England’s 2% target. Food inflation remains stubbornly high – placing pressure on household budgets and retirement incomes
Posted on Wednesday Nov 19

Aon secure buyin for Wolseley Group Retirement Benefits Plan

Aviva has announced the completion of a £600 million bulk purchase annuity buy-in with the Trustee of the Wolseley Group Retirement Benefits Plan (the Plan). Finalised in September 2025, the transaction provides long-term security for the benefits of nearly 10,000 members. The buy-in secures all remaining uninsured defined benefits in the Plan. The Trustee was advised by Aon as lead transaction adviser and CMS provided legal advice. The Company was advised by LCP and Freshfields.
Posted on Monday Nov 17

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