Chancellor admits tax rises and spending cuts considered for budget
October 15, 2025
6:50 am
Cliff Notes Rachel Reeves confirmed plans to consider both tax rises and spending cuts in her upcoming budget statement to
The FT reports that Ernst & Young has scrapped plans to split up its audit and consulting businesses.
An image of yesterday’s junior doctors’ strike kicking off in England sits atop the paper, but the business paper’s main focus is the news that Big Four firm EY has scrapped plans to break up its audit and consulting businesses after “months of internal disagreement”.
Elsewhere there is the claim that the Confederation of British Industry is “fighting for its reputation” following the sacking of its boss Tony Danker over sexual misconduct claims.
Cliff Notes Rachel Reeves confirmed plans to consider both tax rises and spending cuts in her upcoming budget statement to
Cliff Notes The number of police officers dismissed across England and Wales rose by 24%, with 735 officers barred in
Cliff Notes Britain’s government has been urged to prepare for a minimum of 2C of warming by 2050, representing a
Cliff Notes England secured their spot for the 2026 World Cup with a dominant 5-0 victory over Latvia, remaining unbeaten
Cliff Notes France’s Prime Minister Sebastien Lecornu has suspended pension reforms, raising the retirement age from 62 to 64, until
Cliff Notes An asylum seeker, Deng Chol Majek, allegedly stabbed hotel worker Rhiannon Skye Whyte 23 times with a screwdriver
