Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]
Top retail boss warns UK heading into recession September 24, 2025 The boss of AO World has warned that inflation, new red tape around hiring and higher taxes are quickly pushing the UK into a recession. “We’ve lived through a few recessions in the last 25 years – I think we’re heading into another one,” founder and CEO of AO World, John Roberts, told the BBC. [...]
Pat McFadden says lifting two-child benefit cap must be budgeted September 24, 2025 Work and pensions secretary Pat McFadden has conceded that any plans to lift the two-child benefit cap must be “budgeted” amid growing calls from key Labour figures for the Tory-era policy to be scrapped. McFadden warned Labour backbenchers that any commitment to lift the cap would have to be funded by higher government revenue. “Everything [...]
Rachel Reeves urged to reconsider Labour manifesto tax pledges September 24, 2025 Chancellor Rachel Reeves has been warned that tweaking small levies and relying on the wealthy to contribute to the state would hinder growth as another prominent report has called for Labour manifesto commitments to be reversed. In a report by the Institute for Government (IfG), Labour strategists were criticised for the party’s “original sin” of [...]
Ed Davey claims Farage will make UK ‘Trump’s America’ September 23, 2025 Ed Davey told Lib Dem members that Nigel Farage would make the UK “Trump’s America” if he were elected prime minister, with claims that Reform would destroy the NHS and roll back gun laws among the main messages made by the Liberal Dem’s leader in his conference speech. Speaking to the party faithful in Bournemouth, [...]
Revolut pumps £3bn into the UK financial services sector September 23, 2025 London-born fintech juggernaut Revolut has capped off a hefty week of investment for the UK financial services sector as the firm officially launched its global headquarters. The digital bank said it would pump £3bn into the UK and create 1,000 highly-skilled jobs over the next five years. The fresh injection of capital follows asset manager [...]
Bank of England’s Pill: We should not have slowed QT bond sales September 23, 2025 The Bank of England’s chief economist has hit out at colleagues’ recent decision to slow sales of the central bank’s government debt stockpile, warning it risked papering over underlying drivers of spiking government borrowing costs and causing a “more painful” crisis in the future. In a speech delivered in Geneva, Huw Pill told delegates that [...]
Startups tell Labour to snatch talent ‘displaced’ by Trump’s H-1B fee September 23, 2025 An entrepreneur campaign group backed by executives at top UK businesses has urged the Labour government to re-design its Global Talent visa to take innovators “displaced” by President Trump’s radical changes to the H-1B visa. The Startup Coalition has urged Home Office officials to change its Global Talent visa to help individuals re-locate from the [...]
OECD: Taxes and tariffs to damage UK economy September 23, 2025 Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above all other countries other than the US. The OECD’s latest update on the state of the global economy said the UK’s “tighter fiscal stance” means [...]