Exclusive: Treasury and regulator to hold crunch talks with UK fintech unicorns Fintech Top fintech bosses will lock horns with Treasury and watchdog officials next week as the industry lobbies for key regulatory reforms, City AM can reveal. Several of the nation’s fastest-growing companies are set to meet City Minister Lucy Rigby on Tuesday as part of a flurry of key summits in UK fintech week. The City [...]
Treasury reforms to banks ombudsman threaten independence, MPs warn Regulation The Treasury’s reforms to the banks ombudsman threaten to upend the body’s independence, a group of influential MPs have warned. The government revealed its overhaul proposals for the financial ombudsman service (FOS) on Tuesday in a bid to curb concerns it had behaved as a “quasi-regulator”. But a fresh letter to City minister Lucy Rigby [...]
Lib Dems would scrap Treasury for ‘Department for Growth’ Politics The Liberal Democrats have laid out plans to scrap the Treasury department if elected in favour of a ‘Department for Growth’. Daisy Cooper, the party’s deputy leader and Treasury spokeswoman, said on Wednesday took aim at failed government economic policy and said the Treasury “does too much”. “Fiscal policy, economic policy and controlling government spending. [...]
Hundreds of Treasury jobs at risk in civil servant cost-cutting shakeup February 2, 2026 Rachel Reeves wants to slash about 300 of her department’s roughly 2,100 staff by 2030, as HM Treasury plans to offer officials up to £100,000 to take voluntary leave.The proposed cuts to the Treasury are part of a wider drive to reduce Whitehall’s administrative costs by 16 per cent, according to the Financial Times. The [...]
Peers warn ‘passive’ Treasury not aware of private credit risks January 9, 2026 The Treasury is being too passive about the risks posed to the economy by the rapid growth of private credit in the UK, according to an influential group of peers who accused ministers of “handing out the donkey work” of overseeing the sector to regulators. In fresh report examining the systemic risk posed by private [...]
Treasury mocked for £100k financial services ‘leadership’ role December 17, 2025 The Treasury is searching for a Director for Financial Services to take on an “exciting and challenging leadership role” within the heart of the British economy, for a £100k salary. According to the job posting, the successful candidate would be tasked with “advising the Chancellor and Economic Secretary on financial services policy, taking account of [...]
Leak and Let Die: OBR calls in former spook to investigate early Budget release November 27, 2025 The embattled Office for Budget Responsibility (OBR) has brought in a former top spook to investigate how its entire forecast was published early before Rachel Reeves stood up to deliver the Budget. Alongside the watchdog’s oversight board, Ciaran Martin, former chief of the National Cyber Security Centre – part of the security services – will [...]
What does the Budget mean for you? November 26, 2025 Rachel Reeves’ second Budget has been the most closely watched in recent memory, with media briefings and soundings on all sides. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on from last year’s £40bn. They will go up to well over 38 per cent of GDP by 2030, the OBR [...]
Here’s what to expect on Budget day November 24, 2025 An unusually late and extraordinarily widely briefed Budget has attracted more nerves and anticipation than any in recent memory. So when Rachel Reeves takes to the dispatch box just after midday on Wednesday, she is set to do so with the knowledge that her fate – and the Prime Minister’s – rest on placating at [...]
Andy Haldane: Budget speculation is hitting growth November 17, 2025 Former Bank of England chief economist Andy Haldane has said there is “without a shadow of a doubt” a direct link between feverish Budget speculation and sluggish growth in the UK economy. In an interview on Sky News on Monday morning, the incoming president of the British Chamber of Commerce (BCC) told Sophy Ridge that [...]