Lords grill FCA on ‘deep lack of clarity’ in motor finance redress October 15, 2025 A committee of lawmakers has blasted the Financial Conduct Authority over the “deep lack of clarity” it provided over its motor finance redress scheme. Lord Forsyth, the chair of the House of Lords Financial Services Regulation committee, said at an evidence session the City watchdog had “made it considerably more complicated and costly” in its [...]
UK banks tax rate rises as fears of a budget raid spike October 15, 2025 The tax rate on the UK banking sector rose in the last financial year as the industry braces for a potential hike to its financial burden in the Autumn Budget. A fresh study from banking industry body UK Finance and PwC revealed London lender’s total tax rate rose 0.6 per cent to 46.4 per cent [...]
Andy Haldane elected president of British Chambers of Commerce October 15, 2025 Andy Haldane has been elected the new president of the British Chambers of Commerce (BCC), succeeding the serial entrepreneur and business doyenne Baroness Lane Fox. The central banking veteran, who spent eight years on the Bank of England’s Monetary Policy Committee, was chosen to head up the business lobby group by representatives of its chamber [...]
Macquarie ups stake to become majority owner of London City Airport October 15, 2025 An asset management giant has become the majority owner of London City Airport after buying out some of its fellow shareholders. Macquarie Asset Management has increased its stake in the transport airport to 75 per cent after acquiring a further 50 per cent equity stake from Alberta Investment Management Corporation and OMERS. The move comes after Macquarie [...]
Richard Desmond’s group makes Rothschild allegation in £1.3bn National Lottery dispute October 15, 2025 A high-stakes legal showdown has kicked off over the Gambling Commission’s handling of the fourth National Lottery licence, as the role of financial advisor Rothschild and its prior ties to the winning bidder take centre stage in court. Media baron Richard Desmond’s group Northern and Shell and its subsidiary, the New Lottery Company, launched legal [...]
Starmer’s business adviser is ‘frontrunner’ to be US ambassador October 15, 2025 Keir Starmer’s business adviser is a frontrunner to replace Peter Mandelson as the UK’s ambassador to the US, according to reports. Varun Chandra, a former venture capital executive who has had to curry favour with business leaders and investors in a difficult year for the UK economy, is being considered for the important diplomatic role [...]
R360 chiefs hit back at NRL 10-year ban ‘threats’ to rugby players October 15, 2025 R360 chiefs have hit back at “threats” made to players after the NRL said it would ban those who engage with the rebel league for 10 years. A number of rugby unions came out last week insisting players who ditched their clubs for the start-up Formula 1-style globetrotting league would not be picked for their [...]
Liverpool owners target ‘much more’ success after 15 years at helm October 15, 2025 Liverpool’s owners, Fenway Sports Group, have insisted their “work isn’t done” as they mark 15 years since their takeover of the current Premier League champions. The multi-sport group, whose portfolio also includes the Boston Red Sox in Major League Baseball, has overseen a major upturn in the club’s fortunes both on and off the field [...]
The Debate: Should we abolish stamp duty for primary homes? October 15, 2025 Kemi Badenoch's promise to abolish stamp duty was met with cheers by the Conservatives, but is it actually a good idea?
Bankers to get bonuses much sooner as PRA relaxes rules October 15, 2025 Bankers will be able to collect their bonuses much sooner under a relaxation of remuneration rules unveiled by the UK’s prudential regulator. The new rules will allow part-payment of bonuses for the most senior bankers from year one, rather than year three under previous rules. The amount of time that senior bankers must now wait [...]