Budget whiplash: How bank shares were hit by the Treasury’s ‘hokey cokey’ leaking Banking Last week the House of Commons speaker reprimanded the Treasury for what he called a “hokey cokey” Budget. “Can I just say it isn’t normal for a Budget to be put in the press,” Sir Lindsay Hoyle said in his dressing down of ministers. “One minute it’s in, next minute it’s out.” Few sectors have [...]
Autumn Budget: Reeves must cure British ‘pessimism’ disease Economics Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of Peel Hunt urges Reeves to use the Budget to start the cure for British pessimism. As Rachel Reeves ruminates over which tax prescription to write to fill her fiscal black hole, [...]
A harmful budget risks shattering IPO revival, Cavendish chief warns Markets The boss of a London-listed investment bank has warned Rachel Reeves must be “careful” her budget policies do not damage the recuperating IPO market. Speaking to City AM at City & Financial Global’s Capital Markets Summit, Julian Morse, chief executive of Cavendish, said: “The main driver [of the IPO market] is the economy, so if [...]
Autumn Budget: ‘Window is closing’ on Labour’s growth mission October 9, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of BusinessLDN shares what he thinks could be the capital’s 21st century moment. The “window is closing” on the government’s mission to achieve economic growth, the boss of London’s business advocacy group [...]
Nine in ten investors would back UK stocks if stamp duty scrapped October 9, 2025 Rachel Reeves is facing renewed calls to scrap stamp duty in a bid to boost the City’s market attractiveness on the global stage. Almost nine in ten UK retail investors said they would hike their investment in the country’s stocks if the levy – often dubbed a ‘shares tax’ – was scrapped, according to fresh [...]
Natwest and HSBC shares dip as bank tax chatter heats up September 22, 2025 Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain’s banking giants. Natwest tumbled as much as 1.3 per cent to 506p when markets opened, while HSBC fell 0.6 per cent to 1,022p. Barclays fell nearly 0.2 per cent to 381p. Lloyds was broadly flat [...]
Cavendish chiefs: Markets need tax incentive to turn heads June 27, 2025 The bosses of investment bank Cavendish have joined calls to use more attractive tax policy to boost market listings, amid a waning backdrop for the London Stock Exchange. The London-listed company swung back into profit on Wednesday, but did so battling against woeful mergers and acquisition volumes. Takings from M&A slumped 55 per cent on [...]
Week in Business: Warning lights in the City as another firm quits London for New York June 5, 2025 The trend has been clear for some time and the evidence points to a story of decline for the UK's capital markets.
Government urged to ditch ‘shares tax’ for retail investors March 12, 2025 The government must use its Spring Statement to cut the stamp duty on shares paid by retail investors to help foster a British investment culture and boost financial inclusion, Hargreaves Lansdown has said. In an impassioned plea, the investment platform argued cutting the tax, which is applied on the purchase of all UK shares, would [...]