Labour MP warns Budget could force founders out of UK November 25, 2025 A Labour backbencher has joined industry leaders and a left-leaning pressure group in warning that the Budget could kill the UK’s aspirations of building a competitor to Silicon Valley and force more firms to look for investment outside of the country. In an open letter to Rachel Reeves, Sarah Edwards, a Labour MP who sits [...]
Molten Ventures eyes selling more Revolut shares after Nvidia investment November 25, 2025 A major shareholder in Revolut is planning to further sell down its stake as the company looks to rebalance its investment portfolio. London-listed venture capital firm Molten Ventures recently sold shares in Revolut worth £26.3m but continues to hold a stake in the fintech darling worth £152m, the largest single shareholding in its more than [...]
Reeves opens door for mayors to impose ‘damaging’ tourist tax November 25, 2025 Mayors in England are set to be given new powers to levy a tourist tax on visitors to fund local projects under a new policy. Reeves will give mayors the ability to impose a “modest” charge on visitors staying in hotels, bed and breakfasts, guest houses and holiday lets through the English Devolution and Community [...]
Alibaba.com: How AI is reshaping B2B sales and entrepreneurship November 25, 2025 For Alibaba.com, the true transformative power of AI won’t be for customers; it will be for business-to-business sales. Multimodal search, such as AI search using multiple data points, is driving a “paradigm shift” in global e-commerce, says Alibaba.com president Kuo Zhang at CoCreate Europe. “We’re completely redesigning what search is… for this year alone, our multimodal [...]
F1 to rival NBA and NFL teams valuations, predicts Aston Martin chief November 25, 2025 Formula 1 teams are on course to rival top US sports franchises as the most expensive in the world following a boom in valuations, says Aston Martin F1’s commercial chief Jefferson Slack. This month’s sale of a minority stake in Mercedes F1 valued the team at $6bn (£4.6bn), while McLaren were valued at around $5bn [...]
Labour to hold fire on ‘fish disco’ nuclear power reform due to ‘legal advice’ November 25, 2025 The Labour government is set to hold fire on pushing through sweeping reforms to nuclear energy due to a legal adviser’s concerns over the “UK’s environmental, trade and human rights obligations”, it has been reported. The Innovate UK member John Fingleton published a damning report on red tape blocking the expansion of the country’s nuclear [...]
David Lammy proposing to scrap some jury trials to tackle backlog November 25, 2025 As the criminal justice system continues to crumble, the justice secretary David Lammy is reportedly proposing a major shake-up that would scrap some jury trials. Currently, all criminal trials are heard in front of a jury that decides on the accused’s fate; however, Lammy’s proposal will see jury trials only for murder, rape or manslaughter [...]
Budget whiplash: How bank shares were hit by the Treasury’s ‘hokey cokey’ leaking November 25, 2025 Last week the House of Commons speaker reprimanded the Treasury for what he called a “hokey cokey” Budget. “Can I just say it isn’t normal for a Budget to be put in the press,” Sir Lindsay Hoyle said in his dressing down of ministers. “One minute it’s in, next minute it’s out.” Few sectors have [...]
It’s not just LISAs: Stamp duty land tax is a London problem too November 25, 2025 Getting on the property ladder is getting harder and harder for young people. Dwindling housing supply coupled with growing demand for property has left sellers receiving offers significantly above the asking price, with squeezed buyers turning to family members to fund ballooning deposits. But the costs do not end when the keys are handed over. [...]
England rugby chiefs axe bonus scheme that led to coup attempt on CEO Sweeney November 25, 2025 The Rugby Football Union (RFU) has scrapped the controversial long-term incentive plan (LTIP) that led to a major rebellion against CEO Bill Sweeney earlier this year. Sweeney faced and survived a vote of no confidence in February after it emerged that he had been paid £1.1m in 2023-24 despite the RFU making a loss of [...]