Fintech industry takes aim at ‘logic-defying’ banking watchdog October 20, 2025 The industry body for UK fintech will today take aim at the banking watchdog in a scathing report that will blast “logic-defying” regulation. A fresh report from Innovate Finance, seen by City AM, will accuse the Prudential Regulation Authority’s (PRA) of “excessive” requirements that create an “uneven playing field for UK challenger banks, placing heavy [...]
Oaktree Capital co-founder voice doubts that macroeconomic fears caused gold’s rally October 20, 2025 Howard Marks, co-founder of investment firm Oaktree Capital, has voiced his scepticism over gold’s rallying run, believing economic conditions have not caused the surge and there is “no intelligent way to assess the intrinsic value”. Speaking on The Master Investor podcast with Wilfred Frost, Marks attributed the precious metal’s long standing run to popularity, believing [...]
Betfred founder: Tax rises are “biggest threat” to the industry October 19, 2025 Betfred shops could vanish from UK high streets if Chancellor Rachel Reeves carries out a potential tax raid in the November budget, the company’s co-founder and chairman has warned. Fred Done, who founded the business in 1967 with his brother, hailed tax rises as the “biggest threat” to the industry he has seen in his [...]
Net zero targets “are not helping” claims shadow energy secretary October 19, 2025 Shadow energy secretary, Claire Coutinho, has claimed that Labour’s net zero targets” are not helping” the UK’s economy. In an interview with Sky News’ Trevor Phillips, Countinho linked the government’s climate targets to the ongoing cost of living crisis. She said: “We’ve said we would repeal the climate change target, and we actually think the [...]
Former BT boss in advanced talks to be next chairman of Heathrow October 18, 2025 The former BT Group chief Philip Jansen is lined up to be the next chairman of Heathrow Airport as it prepares to deliver a nearly £50bn expansion. Jansen, is in advanced talk with the board and shareholders of the UK’s largest aviation hub about taking on the role, according to Sky News. Sources said an [...]
Reeves seeks to boost UK share ownership in ISA overhaul October 18, 2025 Chancellor Rachel Reeves is looking to boost UK share ownership as part of her plans to overhaul ISAs, with potential measures including a minimum holding of British companies and a stamp duty tax break. The move is an evolution of the previously scrapped Conservative plan to create a ‘Brit ISA’ and comes as Reeves searches [...]
Rachel Reeves gears up for £1bn savings in Motability October 17, 2025 Rachel Reeves is reportedly planning a £1bn savings package through cuts to the Motability scheme offered to disabled people. As part of a drive to plug a £30bn hole in the public purse, the Chancellor is considering reducing the number of BMWs and Mercedes some disability claimants can access through the Motability scheme, which is [...]
Sadiq Khan to blame for slump in London housing starts, think tank says October 17, 2025 Sadiq Khan is to blame for a dearth in housebuilding in London, a leading think tank has warned, as new construction projects slumped to their lowest level seen in years. A perfect storm of challenging macroeconomic conditions, needlessly stringent regulation and a sluggish planning process has helped push construction rates down to just 4,170 housing [...]
Nobel prize winners’ findings are a wake-up call for UK economy October 17, 2025 This year's Nobel Laureates in economics' warning that growth cannot be taken for granted must urge the UK to act, writes Ben Ramanauskas.
Bank of England should cut interest rates at ‘more cautious pace’, Huw Pill urges October 17, 2025 The Bank of England’s chief economist Huw Pill has renewed calls for interest rates to be cut at a “more cautious pace” in the next year, adding to the likelihood that Bank Rate may be held at four per cent for the foreseeable future. In a speech delivered on Friday, Pill said efforts to lower [...]