The Raikes Journal

The Raikes Journal

How pre-Budget speculation helped deliver £22bn for a Gloucestershire firm

Critics rounded on Chancellor Rachel Reeves ahead of the Budget as briefings created uncertainty, but it proved seriously good news for one Gloucestershire business.

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Andrew Merrell
Jan 29, 2026
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Dear readers,

This wasn’t what we had planned to send out on today’s Thursday email, but it caught our eye and we couldn’t resist turning it around - to share our take on the annual results of Gloucestershire’s biggest firm by turnover (at least we’re calling it that for the sake of this article).

All of which means we have more time to spend working on Friday’s full edition.

Until then.

Best regards,

Andrew Merrell (editor).


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How pre-Budget speculation helped deliver £22bn for a Gloucestershire firm

Critics rounded on Chancellor Rachel Reeves ahead of the Budget as briefings created speculations and uncertainty, but it proved seriously good news for one Gloucestershire business.
By Andrew Merrell.

It seems the much criticised briefings that preceded Chancellor Rachel Reeves’ 2025 November Budget did have a direct and positive impact on at least one business, one based right here in Gloucestershire.

Although we’re not sure it’s was quite the impact Reeves and her team were looking for.

Wealth management firm St James’s Place said the “protracted speculation” in the lead-up to the Autumn Budget saw investors seek out “trusted advice amidst this period of heightened uncertainty”.

The results drove new customers to the Cotswold-headquartered business and FTSE 100 firm, delivering what it called “unseasonably high” engagement in the third quarter.

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