The City has moved on from Brexit January 14, 2026 Whisper it, but Brexit is slowly inserting itself back into our national conversation. We remain, thankfully, a long way from the frenzied tribalism of the referendum campaign or the energy-sapping parliamentary drama that followed, but while these days Nigel Farage may be more interested in small boats than backstops, the issues is being discussed – [...]
EU banking rules could ‘choke investment’ from booming City January 14, 2026 The European Union threatens derailing its economic growth through changes to banking regulation after London beefed up its lending capacity following a Brexit boom. The 27-state bloc is set to bring in new legislation which will effectively ban non-EU banks from providing core banking services – such as lending and taking deposits – without establishing [...]
Former OBR chair takes aim at Rachel Reeves’ fiscal rules January 13, 2026 The former chair of the Office for Budget Responsibility has taken aim at Chancellor Rachel Reeves’ fiscal rules, suggesting they prevent UK public finances from building enough “resilience”. In his first public appearance since his resignation last month due to the leaked Budget, Richard Hughes said the current fiscal rules were “among the loosest” the [...]
Scottish higher earners at risk of being hammered with more tax January 13, 2026 Higher earners in Scotland could pay over £1,000 more in extra tax, as the Scottish Finance Secretary copies Rachel Reeves’ Autumn Budget playbook. Finance Secretary Shona Robison opted to raise the tax threshold for both basic and intermediate tax payers, but left the higher rate unchanged, which is likely to drag more earners into higher [...]
BVCA unveils rebrand to mark private equity shift January 13, 2026 The British Private Equity and Venture Capital Association (BVCA) is rebranding to UK Private Capital, to reflect the shifting UK investment landscape. The lobby group said the change, which is subject to final approval by its members later this week, is to adapt to the growth and evolution of the UK’s private capital industry, spanning [...]
Young people seek to boost savings to offset cost of living squeeze January 13, 2026 Young people are seeking to save more money in 2026, as the cost of living crisis focuses minds on careful financial management. According to the latest City AM polling from Freshwater strategy, over half of Britons are aiming to save money, but a staggering 70 per cent of 18 to 34 year olds are prioritising [...]
Retail investor tax anxiety hits record highs January 13, 2026 Retail investor anxiety surrounding taxes has hit a record high, as Brits work to absorb the impact of Autumn Budget policy changes. Nearly 50 per cent of UK investors said they were concerned about the impact of taxes and government policies on the performance of their portfolios for the coming year in December, up from [...]
FRC chief urges audit reform before next corporate scandal January 13, 2026 The boss of the accountancy regulator has issued a direct warning to the government, urging them to pass audit reform legislation during “peacetime” rather than waiting for a major corporate collapse or scandal. Speaking on the latest episode of the Following the Rules podcast, Financial Reporting Council (FRC) CEO Richard Moriarty, said: “Given the thinking that’s gone [...]
Vast majority of Brits expect more damaging tax hikes in 2026 January 13, 2026 Nearly four in five Brits are bracing themselves for further tax rises this year, with voters fearing that more money going into government coffers will damage growth. Keir Starmer has kicked off the year with pitches on improving the cost of living for millions of people across the country. Extra welfare payments for some families [...]
Jamie Dimon warns markets are under-estimating global risks January 13, 2026 The boss of JP Morgan, Jamie Dimon, has warned global markets not to underestimate current risks, as the US banking giant hiked its provisions for bad loans. The world’s most influential banker said that whilst the US economy had remained “resilient” and consumer and business trends were “generally healthy,” ongoing risks persisted. “Markets seem to under-appreciate [...]