Lord Mayor: Armed Forces should mine London’s fintechs for reserves October 20, 2025 A strong defence and a thriving economy are two sides of the same coin. The Armed Forces should utilise the City's talent.
Business leaders ramp up pre-Budget lobby efforts amid tax fears October 20, 2025 Business chiefs are ramping up efforts to sway Chancellor Rachel Reeves ahead of this year’s Budget as fears are mounting that fresh tax hikes could squeeze profits at firms up and down the UK. A series of letters written by heads of trade bodies have landed on the Chancellor’s desk over the last week, with [...]
Fintech industry takes aim at ‘logic-defying’ banking watchdog October 20, 2025 The industry body for UK fintech will today take aim at the banking watchdog in a scathing report that will blast “logic-defying” regulation. A fresh report from Innovate Finance, seen by City AM, will accuse the Prudential Regulation Authority’s (PRA) of “excessive” requirements that create an “uneven playing field for UK challenger banks, placing heavy [...]
L&G: FTSE 100 giant reveals £2bn plan to create 24,000 jobs October 20, 2025 FTSE 100 giant Legal & General (L&G) has revealed plans to invest £2bn in regeneration projects across the UK in a move which it said will create around 24,000 jobs. The group said it would invest into ‘productive assets’ such as infrastructure, affordable housing and urban regeneration between now and 2030. L&G added that it [...]
Oaktree Capital co-founder voice doubts that macroeconomic fears caused gold’s rally October 20, 2025 Howard Marks, co-founder of investment firm Oaktree Capital, has voiced his scepticism over gold’s rallying run, believing economic conditions have not caused the surge and there is “no intelligent way to assess the intrinsic value”. Speaking on The Master Investor podcast with Wilfred Frost, Marks attributed the precious metal’s long standing run to popularity, believing [...]
Betfred founder: Tax rises are “biggest threat” to the industry October 19, 2025 Betfred shops could vanish from UK high streets if Chancellor Rachel Reeves carries out a potential tax raid in the November budget, the company’s co-founder and chairman has warned. Fred Done, who founded the business in 1967 with his brother, hailed tax rises as the “biggest threat” to the industry he has seen in his [...]
Net zero targets “are not helping” claims shadow energy secretary October 19, 2025 Shadow energy secretary, Claire Coutinho, has claimed that Labour’s net zero targets” are not helping” the UK’s economy. In an interview with Sky News’ Trevor Phillips, Countinho linked the government’s climate targets to the ongoing cost of living crisis. She said: “We’ve said we would repeal the climate change target, and we actually think the [...]
Spy case suspect was stopped with suitcase full of cash on return from China October 19, 2025 A suspect in the China spy case was carrying a “suitcase full of cash” upon being stopped by police under terrorism laws after flying into Heathrow from China. Academic Christopher Berry, was discovered with £4,000 when he was intercepted at the airport in February 2023, almost six weeks before he was formally arrested on suspicion [...]
Pitch Experiences CEO: Women’s sport changing approach to hospitality October 19, 2025 Pitch Experiences CEO Neil Bailey discusses how a surge in popularity for women’s sport has encouraged a new approach to hospitality. Having worked in sport and the media for over twenty years, I’ve seen first-hand how much the game has changed – from the rise of the Premier League to the changing face of cricket [...]
Thousands march through London to protest digital ID plans October 18, 2025 Thousands of protesters have marched through central London to show their opposition to digital ID plans. Under strict police conditions, demonstrators chanted and waved banners along a route from Marble Arch to Whitehall on Saturday afternoon. The Prime Minister announced in September that a digital ID system would be introduced in 2029 and would be [...]