ONS: We know we need to do more to improve our data October 21, 2025 After calculation errors thwarted the publication of price indices in the spring, the ONS's James Benford explains how the institute has improved its dataset.
Betfred founder: Tax rises are “biggest threat” to the industry October 19, 2025 Betfred shops could vanish from UK high streets if Chancellor Rachel Reeves carries out a potential tax raid in the November budget, the company’s co-founder and chairman has warned. Fred Done, who founded the business in 1967 with his brother, hailed tax rises as the “biggest threat” to the industry he has seen in his [...]
Reeves revives plan to cut cash ISA despite backlash October 15, 2025 Chancellor Rachel Reeves is looking to use the looming Autumn Budget to kickstart plans for a major overhaul of tax-free ISAs, in a bid to get people’s cash savings into domestic stocks. The Chancellor is understood to be reviving a plan to cut the tax-free limit on cash ISAs, potentially halving it from £20,000 to [...]
Revolut pumps £3bn into the UK financial services sector September 23, 2025 London-born fintech juggernaut Revolut has capped off a hefty week of investment for the UK financial services sector as the firm officially launched its global headquarters. The digital bank said it would pump £3bn into the UK and create 1,000 highly-skilled jobs over the next five years. The fresh injection of capital follows asset manager [...]
Economic and geopolitical tensions propels gold post Fed decision September 23, 2025 Gold will continue its meteoric rise following the Federal Reserve’s interest rate decision, a top analysts has said, as economic and geopolitical conditions keep investors opting for the safe haven asset. The precious metal hit $3,759 (£2,782.36) on Tuesday morning, as the asset surged after a slight wobble following the US central bank’s decision to [...]
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 [...]
Savers stick to cash amid fears over investment risks September 18, 2025 Fears over falling stock prices are prompting UK savers to avoid investing, new research has found, with Brits preferring to park their earnings in cash. According to online trading platform IG, three in five savers believe any form of retail investing is too risky, despite government and industry figures’ encouragement to increase their exposure to [...]
‘Exhausting’ house buying process damaging the economy, says Santander September 17, 2025 The UK’s outdated house buying process and rate of failed transactions are costing the economy at least £1.5bn a year, one of Britain’s biggest high street banks has warned. According to a report from Santander UK, over half a million failed housing transactions are costing consumers £560m directly, with some costs, including the costs of [...]
State pension boost raises questions on tax and triple lock future September 16, 2025 While pensioners may be cheering a proposed 4.7 per cent rise in the state pension, there are lingering questions over the sustainability of such increases and the viability of the triple lock itself. The proposed uplift means that payments to retirees are on track to rise by more than £560, bringing the new full state [...]
High living costs threaten Gen Z and Millennials’ pensions September 15, 2025 Younger generations are struggling to afford adding money to their pension pot, forcing many to be at risk of retirement poverty, new research has found. According to a survey from fintech start-up Chest, two in five 18-34 year olds are failing to top up their pension pot as they face the challenge of spending more [...]