Baker Tilly chief warns Budget may carry ‘pain cost’ for businesses bracing tax changes September 23, 2026 The chief executive of professional services giant Baker Tilly International has warned the upcoming Budget will likely carry a heavy “pain cost” for UK businesses bracing for tax changes. “It’s going to be a ride, isn’t it,” Francesca Lagerberg, Baker Tilly International‘s chief executive told City AM. “The mood music is that it won’t be [...]
Argentex founder secures funding injection for new fintech firm September 23, 2026 The founder of foreign exchange firm Argentex, which collapsed in the wake of Donald Trump’s ‘liberation day‘ last year, has secured a multi-million pound funding injection for his new fintech venture, City AM has learned. Irish payments and foreign exchange (FX) group Fexco will invest £7.5m in Tenora, an FX technology firm set up by [...]
Palantir policing pullback driven by funding as eastern pilot pushes on September 23, 2026 Palantir’s loss of a five-force policing pilot was driven by a combination of funding pressures and an assessment of the project, City AM understands. While the East Midlands Special Operations Unit (EMSOU) will end its two-year trial of Palantir’s Foundry software this month, the US tech firm’s work with a separate consortium of forces in [...]
Frozen tax thresholds to hold back Brits for ten miserable years September 23, 2026 In March 2021 Chancellor Rishi Sunak described it as “a tax policy that is progressive and fair.” In November 2022, Chancellor Jeremy Hunt extended the policy, describing it as necessary and fair. In October 2024, Chancellor Rachel Reeves announced an end to the policy, saying extending it beyond 2028 “would hurt working people.” Alas, a [...]
Erling Haaland: Manchester City star credited with carrot sales boom in native Norway September 23, 2026 Erling Haaland’s brand power shifted into a new stratosphere at the World Cup – and the proof is in Norway’s carrot sales. Haaland has long appeared in internet clips and memes with carrots dangling from his mouth – while signing autographs for fans or driving his car – and this summer appeared in an advert [...]
Reeves’ ‘ambitious’ £14bn savings plan leaves Healey with a Budget headache September 23, 2026 Cost saving measures pencilled in by the last government have dramatically reduced Chancellor John Healey’s ability to look for spending cuts and efficiency gains at his first Budget, economists have warned, raising the prospect of fresh tax hikes. Healey is under pressure to rebuild his £23.6bn fiscal buffer, which is predicted to shrink due to [...]
Debenhams owner facing scrutiny from data protection watchdog September 23, 2026 Few quirks of modern life are so hated as the inability to cancel a subscription. For retail giant Debenhams, that ire could land it in hot water with the UK’s data protection watchdog. The retailer is facing scrutiny from the Information Commissioner’s Office (ICO) after the watchdog received multiple complaints from consumers who could not [...]
Reform-linked think tank calls for sweeping City deregulation and tax cuts September 23, 2026 A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate. The Centre for a Better Britain has called for the abolition of capital gains taxes and [...]
Four out of five top firms have never had a female chief executive, report finds September 23, 2026 Four out of five companies across the FTSE 100 and S&P 100 have never had a female chief executive, as boards fail to promote them into positions of power earlier in their career, a new report has found. Across the two nations, 80 per cent of firms have never had a women lead the company, [...]
Burnham urged to launch £26bn tax raid on high earners September 23, 2026 Chancellor John Healey and Prime Minister Andy Burnham could raise £26bn by hiking capital gains taxes and applying national insurance to other areas of income, according to plan put forward by academics that will rattle the City and Westminster ahead of this year’s Budget. Researchers at the Centre for Analysis of Taxation (Centax), consisting of [...]