‘Exhausting’ house buying process damaging the economy, says Santander September 17, 2025 The UK’s outdated house buying process and rate of failed transactions are costing the economy at least £1.5bn a year, one of Britain’s biggest high street banks has warned. According to a report from Santander UK, over half a million failed housing transactions are costing consumers £560m directly, with some costs, including the costs of [...]
State pension boost raises questions on tax and triple lock future September 16, 2025 While pensioners may be cheering a proposed 4.7 per cent rise in the state pension, there are lingering questions over the sustainability of such increases and the viability of the triple lock itself. The proposed uplift means that payments to retirees are on track to rise by more than £560, bringing the new full state [...]
Parents’ secrecy on inheritance plans leaves children facing unexpected tax burdens September 15, 2025 Parents are choosing not to tell their children about their inheritance plans, leaving them at risk of being slapped with unexpected tax bills, new research has found. According to investment manager Charles Stanley, more than a third of Brits have an alarming lack of knowledge of how their parents plan to pass down wealth, despite [...]
Brits risk financial future as they fail to save for retirement September 15, 2025 UK savers are failing to put enough money away to fund retirement, despite growing calls from industry figures for people to get to grips with their pension savings. According to the latest report from Lloyds subsidiary Scottish Widows, nearly a quarter of working age people aren’t currently saving for retirement. Meanwhile, over a third are [...]
High living costs threaten Gen Z and Millennials’ pensions September 15, 2025 Younger generations are struggling to afford adding money to their pension pot, forcing many to be at risk of retirement poverty, new research has found. According to a survey from fintech start-up Chest, two in five 18-34 year olds are failing to top up their pension pot as they face the challenge of spending more [...]
US financial firms pledge investment into the UK before Trump visit September 13, 2025 US financial firms have announced investments in the UK worth £1.25 billion before Donald Trump’s state visit next week. Citi Group has confirmed it will invest £1.1 billion across its UK operations, while S&P Global will put £4 million into their Manchester offices. PayPal has confirmed a £150 million investment in product innovations and growth [...]
Astrazeneca pauses £200m Cambridge investment September 13, 2025 British drug giant Astrazeneca has paused a planned £200 million expansion of its research site in Cambridge in a fresh blow to the UK pharmaceutical industry. It comes after the pharmaceutical firm abandoned plans to invest £450 million in a vaccine plant in Merseyside earlier this year in a blow to the Government as it [...]
No 10 aware of Mandelson emails before Starmer defended him September 13, 2025 Officials at No 10 and the Foreign Office were aware of the damning emails between Peter Mandelson and Jeffrey Epstein before Starmer defended him at Prime Minister’s Questions. The Foreign Office was allegedly sent details of the emails between the pair on Tuesday and passed them on to Downing Street, two days before Starmer withdrew [...]
Labour using ‘sticking plasters’ and failing to attract foreign investment September 11, 2025 The Labour government is opting to use quick “sticking plasters” which fail to affect long-term change to attract foreign direct investment (FDI), according to a new report. The report from Caudwell Strong Britain, a research project of think tank Council on Geostrategy, argues that the government needs to remove the structural barriers that hinder foreign [...]
Chancellor concedes higher taxes could hit economic growth September 10, 2025 Chancellor Rachel Reeves has acknowledged higher taxes could impact economic growth as she seeks to increase private investment in the UK. Speaking at the British Private Equity and Venture Capital Association summit, the chancellor told investors she had to hike taxes in her maiden budget in order to place finances on a “firm footing and [...]