Minister leaves open prospect of middle-class tax grab July 13, 2025 A senior Labour minster has left open the prospect of raising taxes for middle-class workers in the autumn budget later this year. Transport Secretary Heidi Alexander told Sky News’ Sunday Morning with Trevor Philips that the government had pledged not to raise taxes for “people on modest incomes.” Responding to questions on whether fresh tax [...]
Rachel Reeves to pledge Thatcher-style ‘Big Bang’ for City in Mansion House speech July 13, 2025 Chancellor Rachel Reeves is to pledge a Thatcher-esque “Big Bang” in the City next week as part of her much-awaited Mansion House speech. Reeves is expected to tell senior banking figures to ditch New York and Paris in favour of London or Leeds amid a commitment to slash burdensome regulation. A Treasury source told the [...]
Olivia Smith: First £1m transfer shows good and bad of women’s football July 13, 2025 As a snapshot of the state of women’s club football, Arsenal’s world record £1m signing of Canadian forward Olivia Smith from Liverpool works pretty well. The first ever million-pound transfer in the women’s game underlines the rapid financial evolution it has undergone since the turn of the decade, as investment has poured in from clubs, [...]
Air India crash: Not easy to ‘accidentally’ cut off fuel switches July 12, 2025 The fuel switches that were cut off before the Air India plane crash are the kind used on every flight, and designed so that this cannot easily “accidentally” happen, an aviation expert has said. The London-bound Boeing 787 Dreamliner crashed into a medical college shortly after taking off from Ahmedabad Airport on June 12, killing [...]
Rachel Reeves’ concierge service aimed at luring investors July 12, 2025 Chancellor Rachel Reeves is expected to launch a “concierge service” for wealthy individuals as part of an effort to lure investors to expand in the UK. During electoral campaigns, Labour hopefuls said they would put wealth creation at the heart of their mission in government. Now Rachel Reeves is set to provide advice to foreign [...]
Wimbledon, Euros and Test cricket set to boost pubs and supermarkets July 12, 2025 Pubs and supermarkets are bracing for a bumper weekend thanks to the heatwave and a deluge of live sport on TV including Wimbledon finals, Test cricket and the Lionesses. A British and Irish Lions tour match, England and Wales rugby internationals, other Women’s Euros fixtures, Tour de France cycling and a trilogy fight between Katie [...]
HSBC splashes $5m on new London wealth centre despite non-dom exodus July 12, 2025 HSBC has opened a new wealth centre in the heart of London to cater to high-earning customers in defiance of fears of an exodus of wealthy investors from the UK. Britain’s most valuable bank has leased two floors of a fifteen-storey tower in Piccadilly, formerly the home of British magazine The Economist, in a $5m [...]
Crystal Palace face CAS appeal after being kicked out of Europa League July 11, 2025 Crystal Palace must take their case to the Court of Arbitration for Sport if they want to play in the Europa League after being kicked out by Uefa over multi-club conflicts. European football’s governing body decreed on Friday that Palace and Lyon breached rules on multi-club ownership because of their common links to US investor [...]
Lando Norris sells side hustle to Adrian Newey-backed group July 11, 2025 McLaren F1 star Lando Norris has sold a majority stake in Quadrant, the entertainment and gaming brand he founded, to a company backed by Adrian Newey. London-based Veloce Media Group has agreed a deal which will see Norris remain the second-largest shareholder in Quadrant with a stake of more than 20 per cent. Quadrant was [...]
BT powers ahead as UK tech services offer rare growth signal July 11, 2025 BT Group has become one of the standout performers of the FTSE 100 this year, with its share price climbing over 34 per cent since January, and hitting a near five-year high. The telecoms and broadband giant is being closely watched as it ramps up fibre roll-out, explores strategic moves around its Openreach infrastructure arm, [...]