Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’ October 1, 2025 Andrew Bailey has issued a major climb down on stablecoins after previously being accused of “killing” the country’s ambitions with “prescriptive” views. The Bank of England governor – who has been branded a “dinosaur” by Reform’s Nigel Farage for archaic views on crypto assets – has now said the UK should “reap the benefits” of [...]
Wealth managers warn against kneejerk reactions to Budget speculation October 1, 2025 Investors are being urged not to make any kneejerk pension decisions which could lead to irreversible consequences, as the Budget rumour mill begins to stir up financial worries. Wealth manager Rathbones has warned that fears over pension tax changes have caused another surge of premature withdrawals of the 25 per cent tax free lump sum. [...]
Manufacturing sector breakdown worsens amid ‘dearth of export work’ October 1, 2025 A breakdown in activity across the manufacturing sector has deepened as new data has shown export work coming to a halt and investment falling flat. S&P Global’s purchasing managers’ index (PMI) for manufacturing in September showed the sector was still struggling to bounce back despite some quiet optimism in recent months. Activity in the sector [...]
IG becomes first UK-listed broker to be granted a crypto licence October 1, 2025 Investment platform IG, has been granted a crypto asset licence by the UK’s financial watchdog enabling it to expand its services and cement its position as a multi-asset trading platform. The decision makes IG the first UK-listed broker to join the Financial Conduct Authority’s (FCA) crypto asset register, marking a significant milestone for the rapidly [...]
What should Labour supporters make of a conference dominated by Reform? October 1, 2025 Keir Starmer wants to frame the choice facing Britain as one between decency and division, but will a restless electorate anxious to see results let him? Asks Douglas Beattie There are three types of party conference – the dreary, the victorious and the tense. The first of these often emerges after a long period in [...]
Keir Starmer is dangerously deluded October 1, 2025 The prime minister may have insisted yesterday that wealth creation is “the defining mission of this government” but it certainly wasn’t the defining mission of his speech to the Labour party conference. There were roughly 7,000 words in Keir Starmer’s address to party members in Liverpool, with “business” being uttered just four times – and [...]
Tax hikes push firms to automate jobs, says top UK recruiter October 1, 2025 Tax hikes and wage pressures are putting Brits at risk of losing roles to automation and offshoring, a top UK recruitment firm has warned. Hays has warned Britain is becoming “unattractive to hire people permanently” as employer costs mounted over the last year. “Wage pressures and national insurance changes are pushing employers to explore automation [...]
Business confidence ‘plumbs new depths’ ahead of Budget October 1, 2025 Business confidence fell to a fresh record low in September, as fears of another cost squeeze stoked an already dire operating environment that was found to have “worsened across the board”. According to an Institute of Directors (IoD) poll, private sector optimism plunged to the lowest level since the industry body started collecting data a [...]
Reeves to scrap two-child benefit cap September 30, 2025 Rachel Reeves is poised to abolish the two-child benefit cap at next month’s Budget, in a move that will be cheered by anti-poverty campaigners but is likely to stoke bond market fears that the government is unable to reign in runaway spending and borrowing. The Chancellor is said to be exploring a new tapered system [...]
Keir Starmer ramps up attack on Reform in vow to ‘renew Britain’ September 30, 2025 Prime Minister Keir Starmer ramped up his attacks on Reform as he called for Brits to unite behind the government’s mission to “renew” the country. In a make or break speech to Labour Party members, Starmer said the country was at a crossroads moment to deliver “renewal” – though he pushed back against claims Britain [...]