UK fintechs send rallying cry as industry slips in global ranking September 25, 2025 UK fintech leaders have sent a rallying call to policymakers after the sector slipped in global rankings. A host of industry bigwigs have told City AM the government must be bolder in growth-orientated reforms to bolster the sector’s standing against rivals. It comes after Z/Yen’s 38th Global Financial Centres Index showed the UK’s fintech sector [...]
Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]
High net worths rejig estates as inheritance tax overhaul looms September 24, 2025 The high-net-worth clients of a leading wealth manager are rearranging their estate planning to get ahead of potential changes in the Budget, fearing the Chancellor will mount another inheritance tax grab to help plug the Treasury’s £30bn fiscal hole. Rathbones said that interest from its customers in inheritance-related advice has “risen sharply” since the start [...]
Rachel Reeves ‘has no interest in hospitality’ after ‘reckless’ taxes September 23, 2025 Chancellor Rachel Reeves “has no interest in hospitality”, according to nighttime adviser Sacha Lord, who also branded her National Insurance increases in last year’s Autumn Budget “both reckless and short sighted”. Lord, who is a member of the Labour Party, said the 2024 Budget was a “disaster for hospitality” which resulted “in many closures and [...]
Oliver Bonas: ‘Growth hard to come by’ with Reeves’ tax hikes September 23, 2025 Oliver Bonas has warned the outlook for the UK economy is “not easy” and that “growth hard to come by” because of the tax rises introduced by Chancellor Rachel Reeves in her Autumn Budget last year. The retailer added that its pre-tax profit fell during 2024 because of rising costs while it pins its hopes [...]
Banking watchdog launches deregulation push as tax fears grow September 22, 2025 Britain’s banking watchdog has laid out plans to slash regulation across the industry in a bid to sweeten the sector’s operating environment. In fresh proposals hoping to cut the red tape on the sector, the PRA identified 37 “individual reporting templates” which have “overlapping and complex requirements” in a bid to ease the administrative cost [...]
City asked to contribute £120m Rachel Reeves’ stock market push September 22, 2025 Rachel Reeves’ major advertising push to re-invigorate the London market is expected to cost the City £120m, new documents have revealed. The campaign, which is being led by the Investment Association, was announced as part of Reeves’ Mansion House package where the Chancellor made her pro-business plea to the City. But smaller financial services firms [...]
Backlash grows as Reeves eyes VAT raid on cabs September 21, 2025 Rachel Reeves is facing a mounting backlash over plans to impose VAT on taxi fares, with campaigners warning the move will hammer rural residents, make it harder for disabled people to attend medical appointments, and heap pressure on the NHS budget. The chancellor is weighing proposals to introduce a 20 per cent levy on all [...]
Reeves’ tax hikes ‘won’t bring inflation down anytime soon’, Smeg warns September 18, 2025 The tax hikes introduced by Chancellor Rachel Reeves in last year’s Autumn Budget will mean it is “sometime” before inflation gets down to the government’s two per cent target, the UK arm of kitchenware brand Smeg has warned. The Abingdon-based division said the increase to employers’ National Insurance contributions, which came into effect in April, [...]
Michael Vaughan issues Autumn Budget plea to Rachel Reeves September 18, 2025 Cricket legend Michael Vaughan has issued a plea to Chancellor Rachel Reeves to help out start-ups and small-to-medium-sized (SMEs) businesses in her Autumn Budget on 26 November. Vaughan, who has recently invested in health and wellness supplement start-up Uthful, hit out at the employers’ National Insurance increase included in last year’s Autumn Budget for causing [...]