Banking watchdog raises customer protection to £120,000 November 18, 2025 The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails. The Prudential Regulation Authority (PRA) has hiked the limit to £120,000 from £85,000 meaning additional customer funds will be protected if their lender collapses. The limits come under the Financial Services Compensation Scheme (FSCS), which [...]
Autumn Budget 2025: Exercise can give Reeves £20bn boost, says Sport England November 18, 2025 Sport England has highlighted the wider value of investment designed to get more people exercising ahead of Chancellor Rachel Reeves announcing her Budget next week. The public body says that supporting exercise initiatives for the poor, disabled and ethnic minorities – among the last active groups – could provide around £20bn in healthcare savings, illness [...]
British Basketball Federation ignored warnings before liquidation, says SLB owner November 17, 2025 The owner of Manchester Basketball has accused the British Basketball Federation of failing to heed the warning of Super League Basketball clubs before its collapse into liquidation. The governing body, which was responsible for running the Great Britain national teams and securing UK Sport funding for its elite programmes, appointed an insolvency firm last week. [...]
Fresh Labour revolt brews over asylum system tightening November 17, 2025 A growing number of Labour backbenchers are preparing to revolt against the government’s proposed tightening on the UK asylum system. In another fiery showdown between Keir Starmer’s government and emboldened backbenchers, home secretary Shabana Mahmood is set to spark tensions across Westminster with new announcements aimed at making the UK less attractive to people crossing [...]
Consumer confidence plunges as Labour under fire November 17, 2025 Consumer confidence plunged to a four-month low last month, a leading survey has suggested, as Budget tax rumours shared by Labour officials instilled fear in Britons up and down the country. S&P Global’s UK consumer sentiment index slipped back in November as households became more nervous about their finances. The reading for household finances dropped [...]
Revolut co-founder Nik Storonsky changes his name as new ID rules introduced November 17, 2025 The co-founder of Revolut has changed his name on Companies House ahead of the introduction of new identity verification rules. Nik Storonsky has changed the spelling of his official name as a Revolut director to Nik Storonskiy, corporate filings show, in a move thought to align the spelling with how it appears on other official [...]
Andy Haldane: Budget speculation is hitting growth November 17, 2025 Former Bank of England chief economist Andy Haldane has said there is “without a shadow of a doubt” a direct link between feverish Budget speculation and sluggish growth in the UK economy. In an interview on Sky News on Monday morning, the incoming president of the British Chamber of Commerce (BCC) told Sophy Ridge that [...]
Confidence in audit quality surges despite knowledge gaps November 17, 2025 Confidence in audit quality has increased but many stakeholders have reported only a partial or limited understanding of the scope of auditor responsibilities, according to new findings. A document from the Centre for Public Interest Audit (CPIA) shows that all three stakeholder groups surveyed – finance directors, equity investors and audit committee chairs – reported [...]
UAE developer Arada secures majority stake in London housing development November 17, 2025 UAE-based developer Arada has bought an 80 per cent stake in Thameside West, a waterfront mixed-use development set to deliver 5,000 housing units in the capital. The £2.5bn deal is Arada’s second large-scale investment in the London residential market in the space of less than two months, following its purchase of local developer Regal in [...]
Formula 1 financial world on brink of change, says motorsport boss November 17, 2025 Toto Wolff’s minority stake sale in Mercedes could start a domino effect across Formula 1, according to the chief of motorsport’s global trade association. The Austrian is in talks to offload five per cent of Mercedes – which he co-owns equally with the car manufacturer and Ineos billionaire turned Manchester United investor Sir Jim Ratcliffe [...]