Pubs outraged as Selfridges and Harrods see business rates slashed December 8, 2025 Rachel Reeves is facing a backlash for a cut to business rates for the likes of Selfridges and Harrods while many pubs and restaurants see a huge hike. Analysis has found that a new shake-up of business rates will cause the tax bill of luxury stores to fall, while smaller venues face double-digit increases. Harrods’ [...]
FCA to allow firms to ‘eradicate jargon’ for retail investors December 8, 2025 The Financial Conduct Authority (FCA) is rolling out a heap of new measures to “move the dial on risk” among Britons as it bids to lead on the charge to boost retail investment, including through allowing them to remove legal jargon that confuses consumers. In a suite of consultations unveiled on Monday, the City regulator [...]
Employment Rights Bill: Workers to get pro-union pamphlets December 8, 2025 Employers will be mandated to tell workers about the option of joining trade unions under new rules coming into force with the Employment Rights Bill. In one of several changes to workers’ rights to be made, bosses will have to inform new hires about what unions do and how they can join one. The change, backed [...]
UK fintech Plum follows Klarna in securing e-money licence December 8, 2025 Smart money app Plum has managed to secure an e-money licence from the City watchdog, City AM can reveal, even as the volume of application approvals slumps. Plum, which was founded by the former head of banking at Wise, Victor Trokoudes, in 2016, has received authorisation to operate as an Electronic Money Institution (EMI) from the Financial [...]
City policy chairman: London must seize chance to lead on AI December 8, 2025 Following the Budget, the UK can't afford complacency. From AI to pensions, here's how the City of London can lead, writes Chris Hayward.
High earning families at risk of losing thousands due to Budget measures December 8, 2025 The measures introduced in this year’s Autumn Budget could leave a typical high earning family thousands out of pocket, new research has found. According to analysis from wealthtech advisory platform Y TREE, high earners could lose out on nearly £280,000 over the next twenty years as a result of Reeves’ Budget policy changes, jumping to [...]
Economic uncertainty leads to dwindling vacancies in London December 8, 2025 Permanent hires in London fell for the eighth consecutive month in November, driven by ongoing economic uncertainty and dwindling vacancies. According to the latest report from professional services firm KPMG and the Recruitment and Employment Confederation (REC), the decrease in hiring quickened in the capital last month, with the reduction in permanent vacancies one of [...]
Airbus to rescue UK jobs after striking Boeing deal December 7, 2025 The world’s biggest aircraft marker, Airbus, is set to announce the rescue of 2,750 UK manufacturing jobs after striking a long awaited deal with rival Boeing. According to reports in The Sunday Times, Airbus will confirm as early as Monday that it will be taking on 1,550 people at a factory in Belfast, and 1,200 [...]
Young people could lose benefits if they refuse to work, says pension minister December 7, 2025 Young people on benefits will be offered fresh job opportunities in sectors including construction and hospitality as part of the government’s bid to tackle rising youth unemployment, with those who refuse to engage at risk of losing their benefits. The government will fund 350,000 training and work experience placements, as well as guarantee 55,000 jobs [...]
Man arrested at Heathrow after number of people believed to be pepper sprayed December 7, 2025 A man has been arrested after a number of people were allegedly attacked with “a form of pepper spray” at a multi-storey car park at Heathrow Airport. The Metropolitan Police said armed officers were called to the car park at Terminal Three at approximately 08:11 am on Sunday morning to reports of multiple people being [...]