The Executive Ledger: Is the company car consigned to history? July 17, 2026 | Sponsored The traditional executive company car used to be defined by a beautifully simple set of rules, writes motoring journalist Tim Barnes-Clay. It required a German saloon, 3.0 litres of naturally aspirated displacement, finished in metallic paint, and a designated parking space close to the boardroom doors. It was a statement of seniority, paid for by [...]
Mahmood called for banker bonus tax to fix youth unemployment July 17, 2026 Shabana Mahmood has previously called for a tax on banker bonuses to fix youth unemployment in a move that will renew fears the sector could be targeted for a cash grab. The front-runner to be Andy Burnham’s Chancellor was a staunch supporter of a bill set out by Labour in opposition that sought to levy [...]
Burnham set for crunch decision on JP Morgan’s £10bn tower July 16, 2026 Andy Burnham’s government will face a crunch decision on the future of JP Morgan’s flagship tower in Canary Wharf as it weighs whether to uphold a major tax break for the project despite opposition from industry groups. The next Chancellor will serve as the final arbiter on the framework of a business rates exemption for [...]
Burnham opens door to wealth tax July 15, 2026 Andy Burnham has refused to rule out a wealth tax as part of his economic agenda, saying the country needs a “greater sense of fairness”. In his first formal interview since being all but confirmed as the next Prime Minister, the former Manchester mayor warned that decisions on tax were “going to be difficult” and [...]
OECD sounds alarm on pension triple lock in challenge to Burnham July 15, 2026 The world’s leading independent economic organisation has warned that reform of the triple lock on state pensions is “necessary to reduce fiscal risks”, in a challenge to Andy Burnham as he prepares to take over as Prime Minister. The OECD, the Organisation for Economic Co-operation and Development, described the triple lock guarantee as “unusually generous [...]
Tom Kerridge: No good restaurant has ever been run by accountants July 14, 2026 No good restaurant or pub has ever been run by accountants, celebrity chef Tom Kerridge told City AM as he pushes for a VAT cut for hospitality firms. The TV personality and restaurateur has spearheaded lobbying efforts for the government to slash VAT for hospitality companies, a move which he says would offer the struggling [...]
Bank of England warns Burnham of UK economy’s ‘big issue’ July 14, 2026 The Bank of England has warned Andy Burnham that economic growth remains the “big issue” facing the UK economy as he prepares to take the keys to Number 10. Andrew Bailey, the central bank governor, told policymakers on Tuesday that the UK has had “low growth for the best part of 16 to 17 years”. [...]
Grosvenor casino owner cuts staff after Reeves gambling tax blow July 14, 2026 Grosvenor casino owner Rank Group was forced to trim its headcount in a bid to cut costs, as the company continues to deal with the fallout of Rachel Reeves hiking online gambling tax. The Chancellor’s decision to increase Remote Gaming Duty (RGD) rate from 21 per cent to 40 per cent in the last Autumn [...]
JP Morgan’s Jamie Dimon under fire over whether he lobbied Treasury on Epstein advice July 13, 2026 The boss of JP Morgan is facing mounting scrutiny from US lawmakers on whether he lobbied the UK government on tax affairs on the advice of convicted sex offender Jeffrey Epstein. Jamie Dimon – who is well-regarded as one of the world’s most influential figures in finance – said under oath in 2023 that he [...]
Top Tory slams ‘ivory tower’ financial regulators as takeover bids blight London Stock Exchange July 8, 2026 The shadow business secretary has hit out at “ivory tower financial regulators”, accusing them of failing to spend enough time dealing with the problems facing London’s capital markets and hampering UK competitiveness. Conservative MP Andrew Griffith blamed watchdogs like the Financial Conduct Authority (FCA) for the state of the London Stock Exchange, which was blighted [...]