‘We’re already at peak government inflicted costs’ BT chief warns Chancellor September 24, 2025 The boss of BT has joined a chorus of chief executives urging the Chancellor not to raise the costs of doing business at her forthcoming Budget, warning the telecoms industry was “already at peak government inflicted costs.” In an on-stage interview with City AM at the Connected Britain conference on Wednesday, Allison Kirkby said: “We [...]
Wages soar to £1.5bn as HMRC ramps up on compliance staff September 24, 2025 HMRC has allocated over £1.5bn for 2024-25 to support staff in compliance, preventing and detecting fraud cases and collecting taxes, representing a 23 per cent increase on its 2021-22 staff bill. According to a freedom of information (FOI) shared with City AM by think tank Parliament Street, over the past fiscal year as part of [...]
Stalling Starling revs up Engine in rebrand September 24, 2025 Veteran of the UK fintech industry Starling has overhauled its brand with a fresh colour palette, a new slogan and even a new name. The digital lender announced last week it would drop the word “Bank” from its banking arm’s name in a move analysts have described as a “significant” step in its evolution. The [...]
Labour has made Britain a beacon of economic stability September 24, 2025 A recent influx of over £110bn in investment from global financial and tech firms as a direct result of the government’s successful economic plan, which fosters stability and reform, thereby creating jobs across the country and proving Britain is open for business, says Lucy Rigby Yesterday, Revolut – one of the UK’s fintech success stories [...]
Rachel Reeves urged to reconsider Labour manifesto tax pledges September 24, 2025 Chancellor Rachel Reeves has been warned that tweaking small levies and relying on the wealthy to contribute to the state would hinder growth as another prominent report has called for Labour manifesto commitments to be reversed. In a report by the Institute for Government (IfG), Labour strategists were criticised for the party’s “original sin” of [...]
Brits forced to raid savings in order to cope with financial uncertainty September 23, 2025 The strain of the cost of living crisis combined with ongoing wider economic problems has forced Brits to change both their spending and savings habits in order to remain financially stable. According to the latest survey from St James’s Place, 18 per cent of 8,000 respondents have had to dip into their savings, while 41 [...]
Rachel Reeves ‘has no interest in hospitality’ after ‘reckless’ taxes September 23, 2025 Chancellor Rachel Reeves “has no interest in hospitality”, according to nighttime adviser Sacha Lord, who also branded her National Insurance increases in last year’s Autumn Budget “both reckless and short sighted”. Lord, who is a member of the Labour Party, said the 2024 Budget was a “disaster for hospitality” which resulted “in many closures and [...]
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 [...]
Businesses face ‘unprecedented’ political risk ahead of Budget September 23, 2025 UK business leaders are battling an “unprecedented scale” of simmering global tensions which are set to impact profitability, according to a new survey. Concerns have spiked from the beginning of the year, a fresh survey from Beazley has concluded, with 85 per cent of UK business leaders saying political risk is affecting their profitability. This [...]