NHS may not be able to replace Palantir before £330m deal deadline Tech The NHS may not be able to replace Palantir before a crunch deadline on its £330m data contract, raising the stakes for ministers as pressure mounts to cut ties with the US tech giant. The warning comes as ministers weigh Palantir’s future and campaigners ramp up pressure to ditch the company, with more than 44,000 [...]
Monument Bank boss: Wealthy Brits in ‘fear’ ahead of punishing Budget Banking Wealthy Brits are in a state of “fear” ahead of the forthcoming Budget, according to a London bank chief, as economic turmoil and speculation of more punishing tax raids ramp up. Ian Rand, the boss of Monument Bank, said affluent Brits were raising concerns over “certainty” and “getting things wrong” when attempting to protect their [...]
Crystal Palace valued at £900m and hire Raine Group to explore investment or sale Sport Business Crystal Palace’s owners have valued the club at £900m and hired the Raine Group to field interest in investment or a possible sale, multiple sources have told City AM. The £900m figure is more than double the valuation at which Woody Johnson acquired 43 per cent of the south London club a little over a [...]
Scrapping jury trials for fraud and financial cases brings ‘serious concerns’ October 5, 2026 Government plans to push ahead with jury-free trials for certain fraud and financial proceedings raise “serious concerns”, according to the Institute for Government (IFG) and lawyers across the City. The proposal, introduced by former justice secretary David Lammy officially last December, following a recommendation in a review of the court system in England and Wales [...]
Jeremy Clarkson at Tory conference: ‘Why would anybody set up a business in this country?’ October 5, 2026 Jeremy Clarkson hit out at the Labour government over its decision in 2024 to impose higher inheritance taxes on farming land two days before Tory leader Kemi Badenoch is expected to call for a cut. Clarkson said government officials failed to understand the impact of changes facing family farms as some owners had to sell [...]
UK bank bosses and John Healey set for tax showdown October 5, 2026 When banking lobbyists geared up for an offensive ahead of the 2025 Budget, a tax cut barely made the wishlist. Modest in their ambitions, advocates were preparing to settle for anything that didn’t see their already eye-wateringly high tax bill rise. That is until, City AM understands, officials advised them to make a cut a [...]
Sainsbury’s and Morrisons held talks over blockbuster merger October 5, 2026 Sainsbury’s walked away from talks over a merger with smaller rival Morrisons earlier this year, shelving what would have been the biggest shake-up of the UK’s grocery market in decades. The UK’s second-largest supermarket chain held preliminary talks with its private-equity-owned rival over a merger of the two firms between November 2025 and February this [...]
‘Disastrous’: Average five-year fixed mortgage rate surges to six per cent October 5, 2026 The average five-year fixed mortgage rate has broken the six per cent mark for the first time in three years after a fresh raft of lenders hiked prices. The typical five-year agreement has hit six per cent, according to Moneyfacts, while the average two-year is a whisker behind at 5.98 per cent. It is the [...]
Power cut leaves City offices in the dark October 5, 2026 Central London was hit by a major power cut on Monday that stretched across dozens of postcodes and left swathes of the City in darkness. According UK Power Networks (UKPN), the body responsible for the upkeep of the electricity network, 33 postcodes were affected by the outage, including thousands of homes and major businesses in [...]
Shock boardroom shake-up as Sunderland chief exits October 5, 2026 Sunderland have parted company with interim chief executive Tom Burwell in a shock move after just five months as the Black Cats’ top man. The club said their majority owner, 29-year-old Kyril Louis-Dreyfus, will take charge of day-to-day operations at Sunderland, who this year are playing in the Europa League. Burwell’s abrupt departure comes 24 [...]