Klarna’s IPO success could lure fintechs away from London September 10, 2025 By Oscar McDonald Swedish buy-now-pay-later giant Klarna has teed up its second attempt at an IPO, with the eyes of the fintech world set on its New York debut. The company’s valuation has been on a rollercoaster ride over the past three years, peaking at £33.6bn in July 2021 before plummeting to £4.95bn a year [...]
Healey says Rayner ‘not a victim’ amid Labour reshuffle discontent September 7, 2025 Angela Rayner is “not a victim” and “any government is stronger” with her, a Cabinet minister has said after a reshuffle following her resignation saw tensions flare within Labour. Defence Secretary John Healey defended Sir Keir Starmer’s “clear, swift, fair action” following his former deputy’s admission that she mistakenly underpaid stamp duty on a seaside [...]
PM ‘to move asylum seekers into barracks’ after Home Office shake-up September 7, 2025 Shabana Mahmood is expected to unveil plans to move asylum seekers from hotels into military barracks as the Government seeks to harden its immigration policy amid rising numbers of crossings in the Channel. The newly appointed Home Secretary is reportedly set to announce the use of Ministry of Defence sites to house people after a [...]
Defence training to be ramped up to ‘wartime pace’ in new strategy September 6, 2025 Defence training will be ramped up to a “wartime pace” in a new education drive aimed at growing the UK’s skilled workforce, the Government has said. Under the plans, five new “technical excellence colleges” will be set up across the country as well as targeted short courses and Stem schemes for school students to pursue [...]
Minister rules out early election amid Government reshuffle September 6, 2025 A senior minister has denied the Government is in crisis after Angela Rayner’s resignation over her tax affairs triggered a major Cabinet reshuffle. Chief Secretary to the Prime Minister Darren Jones said Sir Keir Starmer now has the “strongest team” in place after his former deputy quit for breaching the ministerial code. He ruled out [...]
Firefighters tackle blaze at BBC’s former HQ Television Centre September 6, 2025 Dozens of firefighters are battling a blaze at the old BBC Television Centre in London’s White City. The London Fire Brigade (LFB) said about 100 firefighters and 15 fire engines had been called to the nine-storey building on Wood Lane. Photos from the scene show crews at the Helios Building at the BBC’s former headquarters, [...]
Local shops axe jobs and cut investment amid surging costs September 1, 2025 UK convenience stores have cuts 2,000 jobs over an “extremely challenging year” after coming under pressure from soaring labour costs and fierce competition from supermarkets. The Association of Convenience Stores (ACS) warned that pessimistic consumers and increased costs for retailers are therefore putting the UK’s 50,000 local shops under pressure, resulting in weaker investment and [...]
Change windfall tax to make £137bn by 2050, Chancellor told September 1, 2025 Chancellor Rachel Reeves has been urged to reform the windfall tax in a move that could boost the economy by £137bn by 2050. Ahead of the start of its conference in Aberdeen this week, trade body Offshore Energy UK (OEUK) released a report claiming replacing the energy profits levy next year with a profits-based mechanism [...]
Large firms liable for fraud happening under their watch under new UK laws September 1, 2025 Businesses could be prosecuted if they profit from fraud committed by one of their employees even if managers do not know about it, under new UK laws. The new “failure to prevent fraud” offence, which came into effect on Monday, holds large firms to account over their internal anti-fraud measures. It says that businesses can [...]
Royal Mail owner set to return to profit in first figures since £3.6bn takeover August 31, 2025 The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky. International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the [...]
