Women at risk of running out of pension wealth seven years into retirement July 24, 2025 Women are retiring with significantly less pension wealth than men, leaving them at greater risk of running out of wealth just seven years into retirement, new analysis has found. Gen X women, aged 55-59, have just £81,000 in their pension on average, compared to the £156,000 held by men of the same age, leaving them [...]
Could a tourist tax ever work in London? July 24, 2025 Maybe it’s because I’m a Londoner, but I reckon there are few better tourist destinations. Our city is bursting with history and culture, boasts dozens of plush green spaces and has more Michelin Stars than New York. Should people pay to get in? Ours is one of the top cities on earth to visit, but [...]
UK insurance sector calls for more adverse weather protection July 24, 2025 The UK insurance sector has called for more adverse weather protection as a “challenging new era” places increasing pressure on insurers. In the first quarter of 2025, British insurers paid out a record high of £226m in weather-related claims, surpassing the previously held record of £67m in 2022. Industry paid an eye-watering £585m for weather-related [...]
UK sees ‘small burst’ in hiring in sign of growth July 24, 2025 The UK labour market saw a “small burst” in demand for jobs in June but postings remain below levels seen last year, fresh data has found, with brutal tax rises introduced in April by Chancellor Rachel Reeves weighing on employers. In new jobs figures published by the Recruitment and Employment Confederation (REC) and Lightcast, the [...]
Rachel Reeves is lost in space July 24, 2025 Rachel Reeves said was steering the economy past a black hole but her calculations are off and we’re heading for the abyss, says Helen Thomas One year ago, the new UK Chancellor declared that upon taking office she had discovered a £22bn fiscal black hole. She told parliament in her first big speech, “If left [...]
Rachel Reeves’ matchmaker moment July 23, 2025 Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of the City of London, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
Goldman Sachs boss: London finance lead ‘fragile’ July 23, 2025 London’s position as a global financial centre is at risk from years of anti-business policies that are pushing talent and capital abroad, the boss of Goldman Sachs has warned. David Solomon highlighted a damaging combination of Brexit, the UK’s tax burden, constrictive regulation, and the recent decision to abolish the non-dom regime have all harmed [...]
UK sanctions 25 targets in illegal migration crackdown July 23, 2025 The UK government has banned 25 people smugglers, fraudsters, and bankers in the first set of sanctions aimed at curbing illegal migration, putting pressure on countries across Europe and the Middle East to follow suit. The Foreign Office has disclosed the names of 24 individuals and one company it has accused of facilitating people-smuggling and [...]
OpenAI: ChatGPT maker’s UK earnings skyrocket July 23, 2025 OpenAI has raked in millions of pounds since the launch of artificial intelligence (AI) service ChatGPT in the UK, it has been revealed. The UK division of the US tech giant ended last year with current assets of £56.2m which included £42.4m in the bank and a further £13.7m owed by debtors, according to new [...]
One month on, the wheels are already coming off the government’s industrial strategy July 23, 2025 Today marks one month since the publication of the government’s shiny new industrial strategy. Businesses everywhere could hardly contain their excitement after hearing the scale of Downing Street’s ambitions. So, what has happened since? Here are some of the highlights. A biodiesel plant in Lincolnshire has been closed, as well as a nearby bioethanol plant. [...]