How much tax do you pay above £100k? Britain’s highest earners in numbers July 4, 2025 A growing number of Brits have seen their salaries hit £100k – but a growing number are also feeling underwhelmed after having crossed the threshold. What accounts for their disappointment? There were as many as 1.35m taxpayers earning over £100,000 in the UK during the 2022/23 tax year, an increase of around 16 per cent [...]
British banking chiefs take a leaf from Elon Musk’s DOGE July 4, 2025 The chiefs of the UK’s Big Four banks are taking a leaf out of the Elon Musk playbook in their strident bid to slash costs. Natwest’s Paul Thwaite, Lloyds’ Charlie Nunn, HSBC’s Georges Elhedery and Barclays’ CS Venkatkrishnan are in the midst of major cost-cutting endeavours that bear similarities to Musk’s Department of Government Efficiency [...]
Government has ‘lost track’ of illegal migrants working in the UK, MPs warn July 4, 2025 The UK government has lost track of the number of migrants who have overstayed visas and what happens to people who have had their sponsorship withdrawn, senior MPs have warned in a devastating blow to Labour’s bid to restore credibility with voters on migration. Keir Starmer’s government pledged to restore control over UK borders and [...]
Mansion House gives Rachel Reeves a chance to change the course July 4, 2025 Rachel Reeves has a chance to move from ambition to action at this year's Mansion House Speech. Lets hope she takes it, writes David Postings.
Fifa ignoring 2026 World Cup human rights concerns, say groups July 3, 2025 Fifa, football’s world governing body, has been accused of failing to “meaningfully address” concerns raised by human rights groups about US immigration policy ahead of next summer’s men’s World Cup. A letter signed by 90 groups urges Fifa president Gianni Infantino, who has adopted the slogan “football unites the world”, to publicly press the Trump [...]
Bank of England ‘open minded’ on use of stablecoins in wholesale markets July 3, 2025 A director at the Bank of England has said Britain’s central bank is “open minded” on the use of stablecoins in wholesale markets in a marked softening of its stance in the technology. Speaking at the City Week conference, Sasha Mills, Executive director of Financial Market Infrastructure, said the Bank was “considering” what role stablecoins [...]
Wes Streeting accused of issuing ‘misleading’ plan on NHS staffing July 3, 2025 Health secretary Wes Streeting has been accused of issuing “misleading information” on staffing practice at the NHS, with plans to end the use of agencies by 2030 a “short-sighted” move that could push up costs for the taxpayer. Streeting today unveiled Labour’s 10-year plan for the NHS focussed on rolling out weight-loss drugs, reducing people’s [...]
Rachel Reeves’ cash ISA plans would ‘choke mortgages’ July 3, 2025 Rachel Reeves’ plans to slash the tax-free cash ISA allowance “would be effectively choking mortgage availability” for those who need them the most, a building society’s CEO has said. Darlington Building Society was reacting to the news that the Chancellor is set to announce a lowering of the current £20,000 cap that savers are allowed [...]
More West End streets to be pedestrianised under Crown Estate plans July 3, 2025 Plans to pedestrianise more streets in London’s West End have been proposed via a partnership between King Charles’ property firm and a local authority. The Crown Estate and Westminster City Council intend to turn Regent Street St James’s into a traffic-free space while greatly enlarging the pedestrian area at Piccadilly Circus. The proposals also include [...]
Bill Shankly’s grandson opens Liverpool hotel in Titanic landmark July 3, 2025 The grandson of legendary Liverpool football manager Bill Shankly has opened a hotel in Liverpool based in the former headquarters of White Star Line – the company which owned the Titanic. Christopher Carline and his business partner Brian Gamble have launched the White Star Line Hotel in Albion House, a grade II*-listed building which has [...]