Henrys face horrid Budget amid looming tax raid October 21, 2025 High Earners Not Rich Yet individuals, also known as Henrys, are bracing for a horrid Budget as they could face a tax rate higher than a current level of 60 per cent, analysts have warned. Henrys, who are generally classed as professionals earning around £100,000 or more and often have little savings or fewer assets, [...]
HSBC shares jump after naming top Natwest boss as new UK chief October 21, 2025 European banking juggernaut HSBC enjoyed a bump in its share price as markets opened on Monday after the bank named its new UK boss. David Lindberg, who most recently led retail banking operations at Natwest, will join the FTSE 100 titan to take the helm at its UK bank. Shares jumped near two per cent [...]
Third of employers would hire young people if offered tax credits October 21, 2025 Over a third of employers would hire more young people if they were offered tax credits, fresh research has found, amid reports the government is drawing up a plan to subsidise employment for under 24-year-olds. Research by the Recruitment and Employment Confederation (REC) showed some 36 per cent of employers claiming they would offer role [...]
City chiefs sound alarm on China embassy October 21, 2025 Senior figures within the City of London Corporation have told City AM of their concerns regarding China’s controversial plans for a new super-embassy on the edge of the Square Mile. The proposed embassy development on the edge of the City of London has triggered alarms over possible threats to the security of sensitive cables passing [...]
Business leaders ramp up pre-Budget lobby efforts amid tax fears October 20, 2025 Business chiefs are ramping up efforts to sway Chancellor Rachel Reeves ahead of this year’s Budget as fears are mounting that fresh tax hikes could squeeze profits at firms up and down the UK. A series of letters written by heads of trade bodies have landed on the Chancellor’s desk over the last week, with [...]
Spy case suspect was stopped with suitcase full of cash on return from China October 19, 2025 A suspect in the China spy case was carrying a “suitcase full of cash” upon being stopped by police under terrorism laws after flying into Heathrow from China. Academic Christopher Berry, was discovered with £4,000 when he was intercepted at the airport in February 2023, almost six weeks before he was formally arrested on suspicion [...]
Former BT boss in advanced talks to be next chairman of Heathrow October 18, 2025 The former BT Group chief Philip Jansen is lined up to be the next chairman of Heathrow Airport as it prepares to deliver a nearly £50bn expansion. Jansen, is in advanced talk with the board and shareholders of the UK’s largest aviation hub about taking on the role, according to Sky News. Sources said an [...]
Reeves seeks to boost UK share ownership in ISA overhaul October 18, 2025 Chancellor Rachel Reeves is looking to boost UK share ownership as part of her plans to overhaul ISAs, with potential measures including a minimum holding of British companies and a stamp duty tax break. The move is an evolution of the previously scrapped Conservative plan to create a ‘Brit ISA’ and comes as Reeves searches [...]
China threatens ‘consequences’ over London embassy delay October 17, 2025 China has unleashed a threat of “consequences” over the latest delay to approving its application for a highly controversial new embassy at the Royal Mint Court site in London, amid escalating diplomatic tensions between the UK and the world’s second largest economy. Chinese Foreign Ministry spokesman Lin Jian has blasted Keir Starmer for failing to [...]
Labour delays decision on China’s mega embassy application October 16, 2025 A decision on China’s new mega embassy next to the Tower of London has been delayed to December amid growing concerns that China is interfering with British democracy by spying on MPs and stealing classified information. The application for the new embassy at the Royal Mint Court site was set to be finalised as early [...]