We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Monday newspaper round-up: Benefits, tax rises, NMC Health, Thames Water

Mon 02 February 2026 07:24 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Struggling hotels, restaurants and nightclubs are calling for more financial help with business rates after it emerged that Heathrow is among the biggest beneficiaries of a multibillion-pound package of state support. The UK's biggest airport is in line for a discount of nearly 900m on its rates bill over the next three years. That is a fifth of the total 4.3bn "transitional relief" fund announced by the chancellor in the budget for all businesses facing big bill increases. - Guardian

Tim Martin, Harry Styles, Ed Sheeran, Erling Haaland and Mo Salah are among the UK's 100 biggest taxpayers, according to new rankings. The billionaire brothers behind the gambling firm Betfred topped the Sunday Times 2026 tax List. Fred and Peter Done paid 400.1m in tax, about half of which relates to gambling duty from their betting shop empire. - Guardian

Britain is on track to become the biggest spender on benefits in the G7, as Sir Keir Starmer delays welfare reforms amid fears of a looming leadership challenge. Analysis by The Telegraph of Office for Budget Responsibility (OBR) figures shows that the UK is on track to spend 2.2pc of GDP on incapacity and disability benefits towards the end of the decade. - Telegraph

Rachel Reeves's Budget tax rises will drag on growth for at least a year, economists have warned. The UK economy is expected to grow modestly by 0.9pc in 2026, according to new forecasts from the EY Item Club. While this represents a marginal upgrade from the 0.8pc growth forecast in November, experts warned that Labour's decisions to increase taxes and cut public spending were partly to blame for the economic stagnation. - Telegraph

The administrators of NMC Health, the collapsed former FTSE 100 company, have reached a settlement with the firm's previous auditor EY in its 2 billion High Court claim. In a surprise twist in the multi-year legal battle, Alvarez & Marsal and the big four audit firm have come to a confidential agreement. - The Times

Thames Water is closing in on a 16 billion rescue deal with its lenders in a move that would spare Britain's largest water company from temporary public ownership. A group of creditors holding 13 billion of Thames Water's debt is understood to be close to signing an in-principle agreement with the UK company and Ofwat, the industry regulator. - The Times

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.