Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions May 13, 2025 One of the top private schools in the UK is “taking stock” as it warns Chancellor Rachel Reeves’ tax hikes will cost it millions. Gresham’s School, whose former students include Sir James Dyson – who donated £35m in 2023 – added it will have to now take action to make sure it “does not become [...]
Pension funds sign Mansion House Accord in £50bn boost to UK May 13, 2025 The UK economy could be about to receive a £50bn cash injection after Britain’s biggest pension funds pledged to redirect resources into private markets in a major policy shift. The voluntary, non-binding agreement by the funds, dubbed the Mansion House Accord, will see increased investment into major infrastructure projects as well as greater venture capital [...]
Rachel Reeves plans ISA review May 10, 2025 Chancellor Rachel Reeves is planning to launch a review of the ISA market in the coming weeks amid City calls to cap the amount that can be held tax-free in cash. The Treasury will kick-off a consultation to get a feel for views across the City of London on how to reform the ISA regime, [...]
Firms will have to ‘train British workers’ under immigration plans May 8, 2025 UK firms will reportedly have to train British workers if they wish to hire staff from abroad as part of government efforts to lessen the economy’s reliance on mass immigration. Firms have lowered expectations for investment in training, according to a number of recent surveys, given the UK’s bleak economic outlook for the year ahead. [...]
UK scale-ups face crisis as growth capital hits seven-year low May 6, 2025 Growth capital has hit a seven-year low on both volume and value with the UK start-up to scale-up pipeline “broken”, a fresh report has warned. Figures seen by City AM revealed Series A funding – investments of £2m to £10m for startups looking to grow – had slumped to £2.4bn in the 12 months to [...]
When words matter more than numbers at the Bank of England May 5, 2025 City analysts have pencilled in their predictions for Thursday. Here’s how almost all of them likely read. Interest rates will be cut to 4.25 per cent, the Bank of England’s inflation forecast for this year will exceed its two per cent target and President Trump’s tariffs will be highlighted as a detriment to UK growth. [...]
Post Office extends banks’ cash deal as MPs call for mandated acceptance May 1, 2025 The Post Office has reached a five-year banking deal with lenders and building societies to keep cash services running amid a continued retreat of banks from the high street. This renewed deal follows research commissioned by the company, which found nine in ten people believe it is important to maintain access to cash. The partnership [...]
Labour ministers urged to be clearer on small pension pot plans April 29, 2025 The UK government needs to be more coherent and take extra care with pension schemes before it consolidates small pension pots, a leading industry group has warned. The Department for Work and Pensions (DWP) last week unveiled plans to ease costs by automatically combining small pots holding less than £1,000 into one scheme. Individuals will [...]
Treasury to scrap valuation quango amid efficiency drive April 28, 2025 The Valuation Office Agency will be folded into HM Revenue & Customs (HMRC), the tax minister has said, in the latest sign of the government’s efforts to trim away fat from the operations of the state. The arms length body responsible for valuing properties to determine tax rates, which spans £60bn worth of valuation each [...]
Ex-City minister calls for ‘urgent No10 summit’ with bosses and watchdogs April 23, 2025 A former City minister has called on the Prime Minister to convene an “urgent No10 summit” with the City of London and financial watchdogs in a bid to boost capital markets. During Prime Ministers’ Questions (PMQs), the Conservative MP John Glen asked Sir Keir Starmer to take the step to “steward our pension assets”. Glen, [...]