Kemi Badenoch pledges to abolish stamp duty October 8, 2025 Tory leader Kemi Badenoch has pledged to abolish stamp duty on primary residences to help support people moving into their first home as she centred her speech on backing people wishing to “get ahead in life”. In a speech delivered to Conservative Party members at its Manchester conference, Badenoch said the Tories would cut stamp [...]
Bank of England sounds alarm on ‘high risk’ AI bubble October 8, 2025 The Bank of England has warned of the potential for a “sharp correction” in global markets due to the “stretched” stock valuations from the artificial intelligence (AI) boom. The central bank’s Financial Policy Committee has warned a crash in the roaring value of US tech giants could spark trouble overseas. “A crystallisation of such global [...]
Rachel Reeves vs the Hydra (the black hole that keeps on growing) October 8, 2025 Super-heroine Rachel Reeves is in battle with a mythical beast that keeps multiplying, and the OBR won't help her, writes Paul Ormerod.
London is back in business – listing revival shows the City’s spark is back October 8, 2025 London is back in business. We are witnessing confidence return to the City and optimism return to our capital markets as London is fast regaining its spark. The facts speak for themselves – in just the last few weeks, we’ve seen a wave of new listings that show optimism is returning to the London Stock [...]
Rare reprieve for Reeves as ONS says data error cuts borrowing by £3bn October 8, 2025 Chancellor Rachel Reeves has been handed a rare reprieve ahead of the Budget after a data error reported by the UK’s statistics authority reduced expected public borrowing by £3bn. A mistake in the counting of value added tax receipts by tax collector HMRC was identified in an update by the Office for National Statistics (ONS). [...]
Former CPS top lawyer: China spy case ‘does not add up’ October 8, 2025 Public prosecutors have said a Chinese spy case involving Christopher Cash and Christopher Berry was dropped due the lack of evidence provided by the Labour government on labelling the country a threat. The Director of Public Prosecutions Stephen Parkinson said the Crown Prosecution Service (CPS) tried to take evidence from the government “over many months” [...]
Kemi Badenoch pledges ‘golden rule’ to cut deficit October 8, 2025 Tory leader Kemi Badenoch will reveal her plan to reduce the public deficit will be a “golden rule” in a crucial speech setting out her party’s hopes to regain voters’ trust on the UK economy. Addressing Conservative Party members on Wednesday, Badenoch is set to lay out a central mission underpinning hopes of reviving the [...]
Motor finance: Lloyds, Barclays shares jump as FCA softens blow October 8, 2025 Shares in motor finance lenders rallied on Wednesday morning after the Financial Conduct Authority dropped a major update on its industry-wide redress scheme. Lloyds Banking Group – which owns the UK’s largest motor finance provider, Black Horse – was up over two per cent to 85.06p. Meanwhile, Close Brothers, which just last week set aside [...]
FTSE 100 Live: Bank shares surge; Gold surpasses $4,000 October 8, 2025 Good morning from the City AM live blog team. Arguably no sector has had as sensitive share movement in recent months as the banking industry. In August, following the motor finance ruling, City banks added £7bn in market value after a major boost from the Supreme Court. But less than a month later after the [...]
Reeves urged to increase alcohol taxes to tackle workplace drinking October 8, 2025 Pubs and restaurants up and down the country could be forced to serve up higher booze prices as Rachel Reeves has been urged to add fresh alcohol levies to her menu of tax rises at next month’s Budget. The Institute for Public Policy Research, a left-leaning think tank with close ties to the government, has [...]