Retail sales see July boost but firms warn of tough winter ahead September 5, 2025 British retail sales rose more than expected in July, boosted by good weather and the UEFA Women’s Euros 2025 tournament. However, extensive revisions to previous months’ data have revealed a less volatile but ultimately slower growth picture for the year. The Office for National Statistics (ONS) today released its latest figures, showing that sales volumes [...]
French Top 14 balances financial ambition with sensible watchdog September 5, 2025 The return of Prem Rugby may be another few weeks away but action in one of Europe’s big three leagues begins this weekend. The French Top 14 is back on our screens and is an example of just how brilliant domestic rugby can be. It leverages the love of rugby among its watching public with [...]
M&A activity declines as investors opt for high-value deals September 5, 2025 UK merger and acquisition (M&A) activity declined in the first half of the year, as investors sought strategic deals amid market volatility. The total deal value of UK M&A declined 12.3 per cent from £65.3bn to £57.3bn according to a report from professional services group PwC. Deal volume also softened with just 1,478 transactions in the [...]
Bank of England ‘under pressure’ to slow bond sales amid market tumult September 5, 2025 The Bank of England should slow its quantitative tightening programme and stop active sales of long-dated bonds entirely in the wake of this week’s bond rout that saw the cost of long-term borrowing soar to its highest level this century, a group of top economists has said. Markets were rocked by a global sell-off in [...]
Rayner’s lawyers: ‘We are being made scapegoats’ September 4, 2025 The law firm used by under-fire Angela Rayner for the purchase of an £800,000 flat in Hove say that they have been made “scapegoats” and did not give the Deputy Prime Minister any tax advice. In a statement issued to The Telegraph, Joanna Verrico, managing director of the family-run firm, said that their procedure is [...]
Premier League spending gap shows why rivals are plotting overseas games September 4, 2025 It’s more than 10 years since Bernard Caiazzo, then the co-president of French club Saint-Etienne, called on Uefa to take steps to curb the rampant financial power of the Premier League. Caiazzo’s warning came after the English top division had just announced its latest record-breaking media rights deal, which he said could see it become [...]
Starmer refuses to say he’ll sack Rayner if she broke ministerial code September 4, 2025 Keir Starmer has refused to confirm that he would sack Angela Rayner as housing secretary – and deputy PM- even if the government’s ethics adviser finds that she has broken the ministerial code. In an interview with the BBC, Starmer said he would “make a decision on what I see” in a report expected to [...]
Young men more likely to use AI to guide investment decisions September 4, 2025 Young men are more likely to use AI to guide their financial decisions compared to older generations and women. Men aged 18-34 are also increasingly likely to turn to AI for financial advice, than older generations, according to wealth management company Handelsbanken. Around a quarter of respondents who used AI admitted it was an alternative [...]
HMRC names barrister in tax avoidance list for first time September 4, 2025 In an unprecedented move, HMRC has added a practising barrister, identified as the ‘designer’ of a tax avoidance scheme, to its list of tax avoidance promoters. Tax barrister Setu Kamal, with 20 years of experience, stands accused of designing four tax avoidance schemes and producing the contract templates crucial to their operation. Those schemes were [...]
Clock ticking on Making Tax Digital as HMRC struggles to win over SMEs September 4, 2025 With six months until nearly 800,000 self-employed people and landlords join Making Tax Digital (MTD) for income tax, HMRC is intensifying efforts to get more taxpayers to test the system. But the numbers so far paint a sobering picture of the challenge ahead for the agency. Data revealed that 2,400 users have joined HMRC’s beta [...]