Why Guenther Steiner bought a MotoGP team after F1 exit September 23, 2025 Richard Coleman and Guenther Steiner appear to cut very different characters. Both former four-wheel racing bigwigs, Coleman was mainly in touring cars while Steiner’s cameo as Haas F1’s founding team principal saw him become a star of Netflix’s Drive to Survive. Now the pair have teamed up with Ikon Capital to acquire the Tech3 MotoGP [...]
Rachel Reeves told to cut national insurance and raise income tax to gain £6bn September 23, 2025 Chancellor Rachel Reeves has been told to cut national insurance for workers by two per cent and raise income tax by the same amount, with economists at a left-leaning think tank claiming a £6bn gain in revenue could be made. The Resolution Foundation, once the workplace of Treasury ministers Torsten Bell and Dan Tomlinson, has [...]
Autumn tax hikes would lead to inflation over five per cent ‘well into next year’ September 23, 2025 Food inflation will rise and remain above five per cent well into 2026 if the retail industry is hit by further tax rises at the Autumn Budget, a leading lobby group has warned. The British Retail Consortium (BRC) said that the government risks ‘losing the battle’ against inflation if business rates on large shops rise [...]
French bosses round on ‘deadly’ wealth tax plans September 23, 2025 Some of France’s most high-profile entrepreneurs have rounded on a wealth tax proposal being touted by a party key to the flailing government’s fortune, warning it would risk “destroying the French economy” and sparking an exodus of the country’s wealthiest residents. Bernard Arnault, the billionaire chief executive of luxury behemoth LVMH and France’s richest man, [...]
Infrastructure could be rare success story for Labour September 23, 2025 The decision to allow a second runway at Gatwick is entirely sensible and most welcome. As the Chancellor said yesterday on her visit to the airport, the development “will mean that people going on holiday will have a greater choice of destinations [and] it will mean lower costs for a family holiday.” More importantly, she [...]
Londoners paying £42,700 premium to live near Tube and train stations September 23, 2025 Home buyers in London are paying as much as a £42,700 premium to live close to a train station. According to research from Nationwide Building Society, there is a stark pricing gulf between houses within 500 metres of a station compared to 1,500 metres. Londoners face a significantly higher premium compared to other major urban [...]
Bitcoin to form part of central bank reserves ‘by 2030’ September 23, 2025 Bitcoin will “coexist with gold” on central bank balance sheets as soon as 2030, one of the world’s largest banks has predicted, as banks’ continued move away from the dollar and the cryptocurrency’s falling volatility boost its credentials as a reserve currency. Strategists at Deutsche Bank predicted that bitcoin “will join gold in many central [...]
Zilo lands £20m funding round as it eyes global expansion September 23, 2025 Zilo has secured £20m in fresh funding as the London fintech gears up for the next phase in its expansion, City AM can reveal. The Canary Wharf-based business, founded in 2020, said its Series A extension round was led by Toronto-based investor Portage Ventures alongside US bank State Street and existing shareholders and management. Zilo [...]
Exclusive: Investors cautiously bullish on Bitcoin September 23, 2025 Retail investors are becoming increasingly optimistic about cryptocurrencies, as volatile market conditions cause people to consider adding the asset to their portfolio. According to a survey of 2,537 retail investors from investment advice platform Finimize, nearly 70 per cent are more bullish on the opportunities offered from cryptocurrencies than equities over the next 12 months, [...]
Older Brits hesitate transferring wealth amid retirement cost fears September 23, 2025 Older Brits are hesitant to transfer money to younger family members, despite wanting to provide financial help, as worries over affording care in later life continues to plague savers. According to research from Octopus Money, 50 per cent of UK adults would like to give family members more money in their lifetime but hold back [...]