Labour’s Lord Kinnock: Slap VAT on private healthcare August 4, 2025 Labour's Lord Kinnock has called on the government to start charging VAT on private medical insurance in order to raise funds for the NHS
Bank of England to cut interest rates but faces dilemma on outlook August 4, 2025 The Bank of England is unlikely to signal faster interest rate cuts at this Thursday’s meeting, leading economists have said, leaving the future of monetary policy in the balance. Monetary Policy Committee (MPC) members are widely expected to agree to cut interest rates by 25 basis points to four per cent. But City analysts have [...]
President Donald Trump could be given Freedom of the City of London August 4, 2025 President Donald Trump could be offered the Freedom of the City of London during his second state visit to the UK in September. The Independent has reported that the Freedom is on the table to get the US President in the room with the City of London Corporation, which hopes to use the symbolic honour [...]
Rachel Reeves admits Labour has disappointed Brits August 2, 2025 Chancellor Rachel Reeves has admitted that the Labour government has disappointed some Brits after it raised £40bn in taxes at last year’s Autumn Budget. The Labour government have come under fire for its high-tax and high-spend policies in power despite claiming it would be more business-friendly during electoral campaigns last year. Now Rachel Reeves has [...]
For London to remain a business travel hub, we’ve got to sort out Heathrow August 2, 2025 Without Heathrow upgrade, London risks losing the economic benefits of being Europe’s leading business travel hub, writes Andrew Crawley While collaboration and virtual meeting tools have become commonplace, organisations are still profoundly aware of the value of in-person connection. People will always want to do business with those they trust, and there’s something about meeting [...]
Motor finance lenders still on the hook after Supreme Court ruling August 2, 2025 A lukewarm win in the landmark motor finance case has allowed City banks to skirt a nightmare scenario, whilst still remaining open to a regulatory redress scheme. The Supreme Court found that the customers’ claims against the lenders couldn’t succeed based on fairness, known as equity, or tort, which refers to any wrongful actions worthy [...]
Relief for banks after lukewarm motor finance win August 1, 2025 Lenders across the City are breathing a sigh of relief after today's landmark Supreme Court ruling, which upheld the appeals of two banks in the high-profile motor finance commission case.
Pharma stocks suffer as Trump demands prescription slash August 1, 2025 Pharmaceutical stocks across the global markets have taken a hit after Trump demanded drug companies lower prices for American consumers. Trump’s threat against pharmaceuticals has given healthcare sector investors “a dose of the blues” after his letter to various company bosses. It outlined that they should either cut US prescription prices or face a tariff [...]
Global markets take a tumble as Trump pushes on with his trade war August 1, 2025 Global stocks weakened on Friday morning after US President Donald Trump hit multiple countries with a blitz of tariffs. Trump’s ambition to restructure the global trading order in his administration’s favour has sent jitters through markets on his set negotiation deadline day. The FTSE 100 is down 0.7 per cent, with UK drug maker Astrazeneca [...]
Business confidence hits ‘record low’ as Reeves slammed over taxes August 1, 2025 Business directors’ confidence in the UK economy has plunged to an all-time low, with firms unconvinced by Chancellor Rachel Reeves’ growth-focussed policies as the impact of last year’s tax hikes continues to play out. Keir Starmer has repeatedly told MPs business confidence is at a nine-year high, pointing to a single business survey put together [...]