Ministry of Justice sacks 849 staff over misconduct in three years September 24, 2025 The Ministry of Justice (MoJ) has dismissed 849 staff members over the last three years for alleged misconduct. A Freedom of Information Request, shared with City AM, revealed there has been an increase in the number of individuals receiving a penalty as a result of the conduct and discipline process at the MoJ, with a [...]
Labour’s mixed messages ‘confuses’ UK government procurement September 24, 2025 The UK government’s £400bn procurement budget used to deliver on key policies and projects has been squandered due to Labour’s mixed messaging on its priorities, a new report exclusively shared with City AM has suggested. The state spends billions of pounds a day for public services, with everything from IT software to fighter jets and [...]
Signal AI raises $165m as UK tech faces scaling challenge September 24, 2025 London-based Signal AI, a risk and reputation intelligence platform, has raised $165m (£122m) in a growth equity round led by US investor Battery Ventures, giving the company a major stake. The funding will support international expansion across the US, Europe and, the Middle East, whilst also funding strategic acquisitions and product development. Founded in 2013 [...]
Wages soar to £1.5bn as HMRC ramps up on compliance staff September 24, 2025 HMRC has allocated over £1.5bn for 2024-25 to support staff in compliance, preventing and detecting fraud cases and collecting taxes, representing a 23 per cent increase on its 2021-22 staff bill. According to a freedom of information (FOI) shared with City AM by think tank Parliament Street, over the past fiscal year as part of [...]
Nigel Farage rows back on key migration pledges September 24, 2025 Nigel Farage has appeared to row back on key aspects of his legal migration pledges amid mounting questions over whether his figures stand up as well as fierce criticism from top lawyers and researchers on the viability of his plan to end Indefinite Leave to Remain. The Reform UK leader told LBC on Wednesday morning [...]
Pat McFadden says lifting two-child benefit cap must be budgeted September 24, 2025 Work and pensions secretary Pat McFadden has conceded that any plans to lift the two-child benefit cap must be “budgeted” amid growing calls from key Labour figures for the Tory-era policy to be scrapped. McFadden warned Labour backbenchers that any commitment to lift the cap would have to be funded by higher government revenue. “Everything [...]
Labour has made Britain a beacon of economic stability September 24, 2025 A recent influx of over £110bn in investment from global financial and tech firms as a direct result of the government’s successful economic plan, which fosters stability and reform, thereby creating jobs across the country and proving Britain is open for business, says Lucy Rigby Yesterday, Revolut – one of the UK’s fintech success stories [...]
Rachel Reeves urged to reconsider Labour manifesto tax pledges September 24, 2025 Chancellor Rachel Reeves has been warned that tweaking small levies and relying on the wealthy to contribute to the state would hinder growth as another prominent report has called for Labour manifesto commitments to be reversed. In a report by the Institute for Government (IfG), Labour strategists were criticised for the party’s “original sin” of [...]
India Business Group awards celebrate cross-border collaboration September 23, 2025 The deepening commercial relationship between the UK and India was thrust into the spotlight last night as business leaders gathered at the House of Lords for the fourth annual Indian Awards, hosted by the India Business Group (IBG). The gala event came just months after the signing of a landmark Free Trade Agreement between the [...]
Revolut pumps £3bn into the UK financial services sector September 23, 2025 London-born fintech juggernaut Revolut has capped off a hefty week of investment for the UK financial services sector as the firm officially launched its global headquarters. The digital bank said it would pump £3bn into the UK and create 1,000 highly-skilled jobs over the next five years. The fresh injection of capital follows asset manager [...]