Another London blow as British engineering firm Doncasters plots New York IPO October 29, 2025 The London Stock Exchange could be dealt another blow as one of the oldest engineering firms in Britain is reportedly drawing up plans for a New York IPO. Leeds-based Doncasters Group, a key supplier to Boeing, is understood to have approached banks over the share sale and is eyeing a 2026 float. Doncasters, which was [...]
Keir Starmer refuses to rule out income tax raid at the Budget October 29, 2025 Keir Starmer dodged questions on whether Labour would raise income tax, VAT or national insurance, the clearest sign yet that the government is looking at breaking key party manifesto commitments on taxes. During Prime Minister’s Questions on Wednesday, Kemi Badenoch grilled Starmer on whether Rachel Reeves was laying the groundwork for an income tax raid [...]
Top court sides with HMRC as NHS hospitals liable for VAT on parking fees October 29, 2025 HMRC brought a case against a branch of NHS hospitals to the Supreme Court over whether VAT should have been charged on hospital car parking fees, and they’ve succeeded. Today marks the end of a five-year legal battle through each court stage over VAT on parking tickets used by patients, visitors, and hospital staff at [...]
PayPal teams up with OpenAI to enable payments in ChatGPT October 29, 2025 PayPal has announced a deal with Sam Altman’s OpenAI to embed its digital wallet directly into ChatGPT, allowing its users to shop and pay for products through the AI platform starting in 2026. Under the agreement, PayPal’s global network will be linked to OpenAI, enabling millions of items to be purchased instantly within ChatGPT. This [...]
America’s Cup chaos as US entry withdraws two days before deadline October 29, 2025 US sailing team American Magic has withdrawn from the next America’s Cup after British entry Athena and holders New Zealand signed a new commercial deal. American Magic, whose founders include Indianapolis Motor Speedway owner Roger Penske, cited issues with the present structure, insisting it “does not provide the framework for American Magic to operate a [...]
Autumn Budget: Rachel Reeves pledges to beat ‘gloomy’ economic forecasts October 29, 2025 Rachel Reeves has insisted that the UK can overcome bleak forecasts that look set to box her into manifesto U-turns and further tax hikes. The Chancellor wrote in The Guardian that she is “determined not to simply accept the forecasts”, pointing to interest rates cuts and trade deals as examples of Britain on the right [...]
Reform pledges £9bn welfare savings as Tories urged to apologise October 29, 2025 Reform UK has laid out a smaller savings package on disability payments than one planned by the Tories as opposition parties vie to gain credibility on welfare reform. Reform UK’s Lee Anderson, the party’s spokesman for welfare, set out plans on curbing personal independence payments (Pips) for under 25-year-olds and for people with “non-major anxiety”. [...]
Supreme CBD: Celeb-backed brand rapped for third time by advertising watchdog October 29, 2025 Supreme CBD, the brand founded by ex-boxer Anthony Fowler and endorsed by former Premier League footballers, has been forced to remove an advert for claiming its products could treat anxiety and depression. The Advertising Standards Authority upheld a complaint that an ad Fowler published on his Instagram account in May touted Supreme CBD as a [...]
Complaints to banks ombudsman fall after Treasury clamp down October 29, 2025 Complaints to the banking ombudsman have tumbled in the three months to September 2025 after the Treasury launched its own clamp down. The Financial Ombudsman Service (FOS) recorded 46,300 complaints in the quarter, down from 73,700 in the same period last year. In the three months to June, 68,000 complaints were recorded. The fall followed [...]
GSK shares jump as profit upgrade defies tariff gloom October 29, 2025 Shares in GSK climbed as much as three per cent to 1,705p on Wednesday morning as the pharma giant defied tariff fears with an upgrade to its profit guidance. The London-based business said it now expects turnover to increase by six to seven per cent for the full year 2025, up from its previous guidance [...]