‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Motor finance drags FOS complaints to highest since PPI scandal July 2, 2025 The motor finance row has dragged complaints to the Financial Ombudsman Service (FOS) to the highest level since the PPI scandal. Consumers lodged 305,726 complaints with the FOS in the year ending March 31 2025, which edged towards highs of 388,392 in year ending March 2019. Complaints regarding motor finance led the spike at 73,328. [...]
Red Bull eyes franchise in R360 rugby breakaway league June 4, 2025 Red Bull is one of the sports investors to have expressed an interest in buying a franchise in R360, the revolutionary new global rugby union competition that it is claimed will launch next year. A proposed grand prix-style travelling league featuring eight men’s franchises and a four-team women’s competition has been put together by a [...]
Leicester City promotion hopes dented by fresh legal blow May 20, 2025 Leicester City’s hopes of an immediate return to the Premier League have been dented after it was ruled that they could face a points deduction in the Championship next season. A tribunal agreed that top-flight chiefs did have the power to charge Leicester with breaches of spending rules in the 2023-24 season, despite them being [...]
UK has become the epicentre of WhatsApp scams in Europe April 1, 2025 The UK has become the epicentre of WhatsApp scams in Europe, with British consumers losing more money on the platform than in any other country. Analysis compiled by Revolut revealed that in 2024, WhatsApp fraud accounted for 21 per cent of all reported scams in the UK, with victims losing an average of £2,437 per [...]
The FCA must continue work on cutting card fees March 21, 2025 The Payment Systems Regulator was doing vital work on reducing unfair card fees that are hammering retail. Now the FCA must pick up where it left off, says Tom Ironside In their recently published report into scheme and processing card fees, the Payment Systems Regulator (PSR) recently found that “increasing fees impacts on UK businesses’ [...]
Payments watchdog bosses given hours to tell staff of FCA merger March 12, 2025 Payment Systems Regulator top brass did not know the watchdog was definitely being merged into the Financial Conduct Authority until just hours before it became public and used media leaks to prepare their response for the sweeping change, the regulator’s interim boss has said. Speaking at a Treasury Committee hearing less than 24 hours after [...]
PSR is dead, long live PSR: Premier League clubs agree to keep hated rules February 13, 2025 Premier League clubs have agreed to continue with the existing profit and sustainability rules (PSR) for one more season amid concerns over a legal threat from the PFA and the ongoing legal challenges from Manchester City. At a meeting in London earlier today the 20 clubs unanimously agreed to continue trialling new Squad Cost Ratio [...]
Premier League clubs may vote on new financial rules despite PFA threat February 12, 2025 Premier League clubs will have the option to vote through new financial rules on Thursday despite the threat of legal action from the Professional Footballers’ Association (PFA) if they do so. The 20 top-flight teams will gather for a meeting in central London to discuss, and potentially vote on, a new system to replace the [...]
Leicester City still face PSR danger despite Premier League decision January 14, 2025 Leicester City remain on the hook for possible breaches of PSR rules despite the Premier League deciding not to issue charges to any clubs for the period ending last season. Leicester escaped punishment last year despite being charged with overspending for the period ending 2022-23 after they won a legal appeal centred on ambiguity in [...]
Payments regulator in Treasury crosshairs as firms revolt December 16, 2024 As the government hunts for ways to make Britain more competitive, the country's payments regulator has become caught in the crosshairs.