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Time has come for a new era of investment to power British growth
The Observer
|October 26, 2025
As the budget draws near, a critical question must be asked: which sector can mobilise capital at scale to drive growth?
Financial services, often described as the jewel in the crown of the UK economy, already contribute 12% of government tax receipts. Proposals to introduce VAT on financial services or increase the bank levy must be firmly off the table if the sector is to continue making an outsized contribution towards paying for sustainable public services on which tens of millions of people rely. Rumours of taxes on limited liability partnerships (LLPs) must also not come to pass - the risks to UK’s competitiveness are clear and must be avoided.
Nvidia’s founder and CEO, Jensen Huang, said recently that the UK could become the next AI superpower. We have the talent, university spinouts and tech hubs to make that vision a reality. What we lack is scale-up capital and an investment culture to provide the funding those companies crave.
Denne historien er fra October 26, 2025-utgaven av The Observer.
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FLERE HISTORIER FRA The Observer
The Observer
Can a biopic of the Boss be anything other than blinded by his light?
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5 mins
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3 mins
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3 mins
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8 mins
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Use Russia's money
Europe has missed its chance to hit Putin's finances
2 mins
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2 mins
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The Observer
Reeves mission: to build a European Silicon Valley centred on 'golden triangle'
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5 mins
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The Observer
Academics sign letter of support after ‘vile’ abuse of Israeli professor
Tom Watson, Margaret Hodge, Michael Grade, Prof Andrew Roberts and hundreds of academics are among more than 1,600 signatories of an open letter condemning a “targeted harassment campaign” against an Israeli professor at a London university.
1 mins
October 26, 2025
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