A Treasury reshuffle on the eve of a Budget is a bad sign for Reeves September 1, 2025 Handing responsibility for the economy to a man who was director of policy for Ed Miliband is a sign of desperation from Rachel Reeves, says Eliot Wilson Every time I see a new announcement from Rachel Reeves at the Treasury now, it puts me in mind of the poet Stevie Smith: “I was much further [...]
Wise mulls UK banking licence after ditching London listing September 1, 2025 Money transfer firm Wise is looking into a UK banking license following the fintech ditching its primary listing on the London stock market earlier this year. The company has reached out to financial services heavyweights in the last two months regarding roles related to starting a banking business in the UK, according to The Times. [...]
Rachel Reeves tells creditors to resolve Thames Water crisis September 1, 2025 Rachel Reeves has called for a “market-based solution” to be found at Thames Water before the company is put into special administration. The Chancellor reportedly sent a letter to creditors of Thames Water to state that any solution must result in a “successful turnaround”. Her letter came after environment secretary Steve Reed said the government [...]
Change windfall tax to make £137bn by 2050, Chancellor told September 1, 2025 Chancellor Rachel Reeves has been urged to reform the windfall tax in a move that could boost the economy by £137bn by 2050. Ahead of the start of its conference in Aberdeen this week, trade body Offshore Energy UK (OEUK) released a report claiming replacing the energy profits levy next year with a profits-based mechanism [...]
Budget 2025: Lloyds, Natwest and Barclays brace for a tax raid? September 1, 2025 Ahead of the 2024 Autumn Budget, Prime Minister Sir Keir Starmer warned Labour’s first fiscal event was “going to be painful”. He added those with the broadest shoulders “should bear the heavier burden” as Chancellor Rachel Reeves battled against an alleged ‘£22bn black hole’ inherited from the Conservative government. After lobbying efforts, banks were spared [...]
Firms mildly confident about growth after worst reading on record September 1, 2025 Firm owners are now mildly confident about seeing their companies grow after July’s reading showed business confidence at the second-lowest level on record, according to a leading industry group’s monthly survey. A survey by The Institute of Directors (IOD) has said that business leaders’ confidence in their own organisations is now in positive territory, having [...]
Business execs should snap out of summer slump quickly this year September 1, 2025 As the Budget moves closer into view, it looks like business execs will be met with stark awakenings in post-August office reset.
Investec raises growth forecast and backs November interest rate cut August 29, 2025 Global banking firm Investec has lifted its growth projections for the UK economy with another interest rate cut pencilled in for 2025. The financial services company expects the UK economy to grow 1.5 per cent this year and 1.6 per cent in 2026. This trumps the Office for Budget Responsibility (OBR) forecast, which expects the [...]
Assets at Evelyn Partners hit a record high amid tax raid speculation August 29, 2025 Evelyn Partners has maintained its run of strong inflows, as speculation about pension changes drives customers to seek wealth management advice. The wealth management firm generated £3.7bn of gross inflows in the first half of the year, a seven per cent jump from the £3.5bn recorded in 2024. Assets under management (AUM) reached a record [...]