Jenrick refuses to rule out bank tax Politics Reform UK’s Treasury spokesman refused to rule out a banking tax mooted by the party’s leader Nigel Farage, who said he would hit lenders because he didn’t “like” them. Speaking at a Reform conference event organised by City industry representatives, Jenrick said the party had not committed to banking taxes. However, the party’s economic chief [...]
UK economy stuck in ‘slow lane’ as business investment to slump Economics A slump in business investment will drag on the UK economy’s potential for growth over the rest of the year as industry chiefs warned that the country was stuck in the “slow lane”. The British Chambers of Commerce has warned that the UK economy is set for a slowdown in momentum over the remaining two [...]
Lloyds and Natwest flaunt social credentials as fears grow of Burnham tax grab Banking Lloyds and Natwest are flaunting their community credentials and pledging a raft of new social investment initiatives as fears grow that Prime Minister Andy Burnham will launch a punishing tax raid on the sector with the government’s first Budget. The two lenders are among a group of top UK banks looking to prove they can [...]
Natwest wins approval to beef up US presence August 25, 2026 Natwest has landed approval from the US Federal Reserve to beef up its presence on the other side of the Atlantic. The British banking giant has been granted permission to set up a “representative office” in Connecticut that will “act as a liaison with current and prospective US customers of the bank”. The approval document [...]
The decline of Harvey Nichols is a tale of London’s decline too August 21, 2026 The decline and fall of Harvey Nichols is not just another business story. It is a warning about the crisis engulfing London’s high streets.
UK’s largest wealth firms tighten their hold on the market August 18, 2026 The ten largest wealth firms in the UK have expanded their grip on the market, serving nearly the entirety of the country’s client base. The firms served up to 89 per cent of the discretionary client base in the previous tax year, according to the latest wealth management survey from the Financial Conduct Authority (FCA). [...]
ISG Event to Spotlight Strategies for the AI-Driven Autonomous Enterprise August 18, 2026 Leaders from Lloyds Banking Group, NatWest, Ogilvy, AstraZeneca, Diageo, Reckitt, Carlsberg, Shell and more to join ISG AI Impact Summit London
JP Morgan boss issues bank tax warning to John Healey August 17, 2026 The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial [...]
Exclusive: City giants tighten trans policies August 14, 2026 City firms are being forced to tighten up inclusion policies and prevent transgender staff from using single-sex bathrooms, after the equalities watchdog published fresh directions on enforcing the seismic Supreme Court ruling on gender last year. Square Mile giants including Admiral, Coventry Building Society and Santander have all updated their HR procedures to bar trans [...]
Stamp duty on shares is ‘biggest handbrake’ says UK bank chief August 13, 2026 The boss of a London-listed bank and former Labour party donor has called for stamp duty on shares to be ditched in the Autumn Budget to boost trading from retail investors. Ian Corfield, the boss of Secure Trust Bank, told City AM one of the firm’s “biggest challenges is trying to generate liquidity into the [...]