Millions of Brits turn to ‘Bank of Mum and Dad’ for healthcare treatments October 9, 2025 Millions of Brits are turning to the ‘Bank of Mum and Dad’ for help to pay for private healthcare treatment, as NHS waiting lists continue to remain high. According to a new survey by Howden Life and Health, over the past five years, nearly one-third of UK adults, or approximately 14m people, have paid for [...]
How Reeves could ‘trigger’ bond market fright and collapse UK economy October 9, 2025 Poor decisions made by Rachel Reeves at the next Budget could send the UK economy into a crisis if her announcements trigger a collapse in bond markets’ confidence, according to a scenario played out by analysts at Oxford Economics. Rachel Reeves has pledged to drive growth in the UK and lower the cost of living [...]
What will Rachel Reeves’ budget pay for and where will the money come from? October 9, 2025 Rachel Reeves’ November budget is fast approaching, and steep tax rises are once again on the cards. Speaking at Labour conference last month, the Chancellor hinted at tax hikes by warning that she will be forced into “harder choices” by “harsh global headwinds”. To balance the books in accordance with her much-discussed fiscal rules, Reeves [...]
Close Brothers shares plunge on new ‘material’ motor finance hit October 9, 2025 Shares in FTSE 250 lender Close Brothers sank on Thursday after the firm said it expects to increase its provisions for the motor finance scandal. The bank – which has a £9.5bn loan book with over 20 per cent car finance loans – sunk nearly ten per cent to 472.60p. It follows the Financial Conduct [...]
Football regulator won’t undermine Premier League, insists chair Kogan October 9, 2025 David Kogan, the chair of the Independent Football Regulator, has attempted to allay fears that the watchdog will “undermine” the Premier League by insisting he is “absolutely committed” to its continued growth. Before the Football Governance Bill passed into law some top-flight clubs voiced concerns that a new era of regulation could weaken the Premier [...]
Revolut Trading UK CEO: The City of London still doesn’t reflect all the people it serves October 9, 2025 The City works best when it reflects the people it serves, and there’s still a way to go, says Revolut Trading UK boss Yana Shkrebenkova.
JP Morgan warns on AI bubble amid Bank of England caution October 9, 2025 JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more worried than others” about a serious market correction [...]
Bank of England’s Mann: Higher interest rates will lower inflation fears October 9, 2025 The Bank of England has said that households’ fears of high inflation levels could be tempered by keeping interest rates for longer. In an event hosted by the think tank Resolution Foundation, Mann doubled down on her calls for the Bank to squeeze out inflation pressures in order to ease household nerves of higher prices [...]
China spying scandal: What the hell is going on? October 9, 2025 The head of MI5 warns that Chinese spying in the UK is taking place on “an epic scale” – yet the government can’t bring itself to describe China as a threat. What the hell is going on? Sir Ken McCallum, the Director General of MI5, doesn’t make many speeches in public. As one of Britain’s [...]
Natwest hires top tech talent amid UK innovation push October 9, 2025 NatWest had doubled down on its support for the UK’s high-growth and innovation economy with two senior strategic hires in its newly formed venture banking team. Greg Brown has joined as head of venture capital coverage, and Kim Martin has stepped in as head of venture and growth finance, reflecting the bank’s renewed push to [...]