Non-dom tax grab could blow £4bn hole in public finances July 11, 2025 The government’s decision to abolish the non-dom regime will blow a £4bn hole in the public finances and lead to over 3,000 fewer jobs if a quarter of the country’s wealthy foreigners leave. According to a fresh study from the Centre for Economics and Business Research (CEBR), non-doms choosing to leave the UK instead of [...]
Third sector warns wealth tax will hit philanthropy July 11, 2025 A wealth tax of the sort reportedly being considered by the government would leave a multibillion-pound hole in charities’ finances and jeopardise the work they are able to carry out, third sector bosses and economists have warned. According to John Canady, chief executive of the National Philanthropic Trust UK, the rumoured levy targeted at households [...]
Which UK banks are next in line for a takeover? July 11, 2025 As the next wave of banking consolidation kicks off, specialist lenders are in the fray to be swallowed up. The industry has seen a flood of mergers and acquisitions in recent years, of which the latest was a landmark tie-up between Santander and TSB Bank. Santander snapped up 12-year old British high street lender TSB [...]
Wealth tax would be ‘own goal’, London bosses warns July 10, 2025 The introduction of a wealth tax on Brits would yield less revenue for the government and drive investors overseas, bosses across London have warned. Keir Starmer this week refused to answer questions on whether the government was considering a wealth tax, which was mooted by former Labour Party leader Neil Kinnock last weekend. But business [...]
Keir Starmer agrees migrant returns deal with France July 10, 2025 Keir Starmer has agreed a “pilot” deal to return illegal migrants to France in an exchange for individuals to arrive as asylum seekers as part of a drive to curb small boat crossings. In a speech delivered alongside French President Emmanuel Macron, Starmer said the new plan would come into effect in the coming weeks. [...]
Nvidia and Bitcoin dodge Trump’s tech tariff effects July 10, 2025 Two of the world’s most-watched assets – Nvidia and Bitcoin – have surged to fresh highs this week, defying growing uncertainty around president Trump’s latest wave of tariff threats aimed squarely at the tech industry. Nvidia on Wednesday became the world’s first company to hit a $4tr (£2.9tr) valuation, cementing its role as the bellwether [...]
The Building Safety Regulator’s near-impossible balancing act July 10, 2025 Originally implemented to tackle safety concerns in light of the devastating Grenfell fire, the Building Safety Regulator (BSR) has now been accused of hamstringing developments in the capital. Delays in the system are currently “undermining investor confidence” in the sector, “holding back the delivery of new homes and adding to uncertainty for residents”, head of [...]
Post Office Scandal: Government contracts awarded to Fujitsu even after Mr Bates ITV drama July 10, 2025 Government bodies kept awarding Fujitsu with contracts to the tune of £500m even after the ITV drama Mr Bates vs The Post Office brought the Post Office Horizon scandal to national prominence. That’s according to LBC, alongside the public sector data analytics firm Tussell, which found that 23 contracts were handed out to the firm [...]
Andy Anson: British Olympic chief poached by London private equity firm July 10, 2025 Knightsbridge-based private equity firm BD-Capital Partners has poached British Olympic Association CEO Andy Anson to join the board of its recently acquired performance nutrition brand Science In Sport. Former Manchester United and Walt Disney Company executive Anson will depart the BOA in October after six years as chief executive, during which time Team GB won [...]
OpenAI’s new web browser targets Google Chrome – and your data July 10, 2025 OpenAI is finalising the release of its first AI-powered web browser – an ambitious move that could upend the dominance of Google Chrome and shift the battleground for user data, digital ad revenues, and cybersecurity. The browser, expected to launch by the end of July, will embed a ChatGPT -style interface directly into the web [...]