Stamp out pension tax speculation or risk another cash grab, industry warns Healey Personal Finance The pension industry has warned Healey not to allow pension tax speculation to go “unchecked” in the run up to his maiden Autumn Budget, after rumours led savers to pull millions from pension pots last year. UK savers pulled £91bn from their pension pots before last year’s Autumn Budget as they looked to dodge Labour’s [...]
Deloitte’s tech consulting division weighs on growth Big Four Deloitte reported a rise in revenue in its latest financial year even as growth in its technology and transformation division slipped lower, as the consultancy sector comes under pressure from artificial intelligence. The Big Four firm reported global revenue of $74.5bn (£56.37bn) for the 12 months to the end of May, up from $70.5bn the [...]
Class action vehicle lawsuit settles at £55m less than original value Legal A class action lawsuit representing millions of UK motorists and businesses affected by inflated shipping fees has settled for £57m less than its original £150m target. The claim, brought by class action representative and former Which? campaigns specialist Mark McLaren, alleged that from October 2006 to September 2012, leading European shipping companies had breached competition [...]
Personal allowance hike on the menu at October Budget September 24, 2026 The Chancellor is weighing up proposals to raise the personal allowance at next month’s Budget in what could be the biggest shake-up to income tax rules in years. John Healey is reportedly considering unfreezing the income threshold at which earners start paying tax from £12,570 to as much as £15,570. The unfreezing would be the [...]
Interest rate hikes ‘increasingly likely’ despite debate over inflation risk September 24, 2026 A Bank of England policymaker has suggested that an interest rate hike looks “increasingly likely” if energy prices remain higher for longer although officials struck a cautious tone on whether UK inflation would spiral over the next year. Speaking at an event in Warsaw, deputy governor Clare Lombardelli teased interest rate hikes as she said [...]
OBR chief: Public ‘have not lowered their expectations about what the state can do’ September 24, 2026 A top economist at the Office for Budget Responsibility (OBR) has sent a warning on the effect more tax rises could have on growth and on the public’s expectations about “what the state can do for them”. Professor David Miles, who is one of three top members at the independent fiscal watchdog, said that the [...]
Sadiq Khan ready to discuss ‘any credible proposal’ from West Ham for London Stadium September 24, 2026 Mayor Sadiq Khan has invited a bid from West Ham United to buy the London Stadium, saying he “would consider any credible proposal” to offload the publicly subsidised venue. Lord Khan also talked up “recent improvements” in relations between the East London club and stadium operator the London Legacy Development Corporation – an apparent nod [...]
City law firm to rebrand after co-founder demands name be stripped September 24, 2026 The co-founder of a City-based law firm behind the largest group claim in UK history against mining giant BHP said he will file a cease-and-desist to have his name removed after the firm initiated legal action against its own clients in the claim. US disputes lawyer Harris Pogust, who co-founded Pogust Goodhead (formerly PGMBM) alongside [...]
Ministers back City skyscraper plans after Tower of London row September 24, 2026 Ministers have given the greenlight to plans that will allow skyscrapers to be built in the area surrounding the Tower of London, ruling that proposals set out by the City of London corporation will do enough to protect the site’s Unesco status. Housing minister Matthew Pennycook said on Thursday he will withdraw his objections to [...]
Poundland owner could carve out Irish business in rush sale September 24, 2026 Poundland’s owners are considering selling off the discount retailer and its Irish branch, Dealz, in two separate transactions, City AM has learned. Gordon Brothers, which bought Poundland and Dealz only a year ago, is sounding out interest in the two retailers in hopes of completing a deal before the busy Christmas trading period. This process [...]