Rachel Reeves plots stamp duty exemption for newly listed shares October 2, 2025 There are growing hopes for a revival for London’s moribund IPO market after reports chancellor Rachel Reeves is preparing to unveil a stamp duty exemption on shares of newly-listed companies. The move, which is set to be announced at the forthcoming Budget in November, would remove the 0.5 per cent tax charge on the buying [...]
FTSE 100 Live: Tesco shares rally; OpenAI nets $500bn price tag October 2, 2025 Good morning from the City AM liveblog team. The FTSE 100 is leading the City higher this morning as it continues to build on records sealed earlier in the week. The index rose 0.2 per cent to 9,464.91 this morning, following on from yesterday’s gains. Also continuing its rally was gold, propelled on by the [...]
There is a way back for the Conservatives October 2, 2025 The Tories have been quiet of late, pushed to the margins of the post-summer political debate and either mocked or ignored by the other parties whose conferences have sucked up the airtime in recent weeks. But this weekend they gather in Manchester and while the event won’t command the nation’s undivided attention it is a [...]
Tories vow to scrap net zero targets and prioritise cheap energy October 2, 2025 Tory leader Kemi Badenoch has vowed to scrap legislation forcing the government to achieve net zero by 2050 promising instead to prioritise “cheap and reliable” energy if elected to government. The Climate Change Act was first passed in 2008 before being amended in 2019 under Theresa May’s government to include a legally-binding target to reach [...]
Remove windfall taxes on North Sea oil, bosses tell Rachel Reeves October 2, 2025 Chancellor Rachel Reeves should abolish windfall taxes on oil and gas producers in the North Sea, top bosses have said. In a new report setting out UK businesses’ proposals for the Budget, the Chancellor has been urged to focus on cutting energy costs for firms and set out a clearer plan for the North Sea’s [...]
Exclusive: Peter Kyle says Employment Rights critics ‘come from certain educational backgrounds’ October 2, 2025 Business secretary Peter Kyle has dismissed critics of the Employment Rights Bill as people on an “above average income” and those who have not had an “ordinary experience in the economy”. Labour’s workers’ rights package has faced staunch opposition from CEOs as well as top business groups including the Federation of Small Businesses (FSB) and [...]
UK orders Apple to give access to encrypted iCloud backups October 1, 2025 The UK government has ordered Apple to give law enforcement access to encrypted iCloud backups of British users, escalating a long-running dispute over data privacy and surveillance powers. The move, first reported by the Financial Times, follows a failed attempt earlier this year to demand global access, which triggered a sharp backlash from Washington. In [...]
Treasury invests £63m in cloud services amid public sector overhaul October 1, 2025 HM Treasury has spent more than £63.6m on cloud services over the past three years, showing a decisive shift toward fully cloud-based IT infrastructure. The department has eliminated on-premise systems entirely, reflecting a broader digital transformation agenda across public spending and tax policy. According to the State of Digital Government Review, around 60 per cent [...]
Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’ October 1, 2025 Andrew Bailey has issued a major climb down on stablecoins after previously being accused of “killing” the country’s ambitions with “prescriptive” views. The Bank of England governor – who has been branded a “dinosaur” by Reform’s Nigel Farage for archaic views on crypto assets – has now said the UK should “reap the benefits” of [...]
Global uncertainty: Political and digital risks reshape corporate priorities October 1, 2025 A surge in political risk and tensions has resulted in geopolitical volatility entering Aon’s top ten global business concerns for the first time. Aon’s ‘Global Risk Management Survey’, based on nearly 3,000 risk managers, C-suite leaders, and executives, revealed the most pressing risks for business decision-makers. The top ten list of risks facing businesses in [...]