Budget pension consolidation raises ‘serious concerns’ for UK small firms November 26, 2024 Fund managers that invest in UK small companies have “serious concerns” that plans to consolidate pension schemes might lead to even more money flowing out of British businesses. The plan, announced at Chancellor Rachel Reeves’ inaugural Mansion House speech earlier this month, would combine 86 different local government pension schemes manage assets between £300m and [...]
Russia expels UK diplomat over spying claim November 26, 2024 Russia has expelled a British diplomat and accused him of spying. The UK’s ambassador to Moscow has also been summoned by the Ministry of Foreign Affairs. The moves come amid escalating tensions between Moscow and western countries over Ukraine. The UK diplomat has had his accreditation revoked and must leave the country, news agency Tass [...]
Building the Future: New Murabba is Revolutionising Urban Living November 26, 2024 For most major cities, “downtown” means old territory, legacy buildings locked in the past. Not so in the Saudi capital Riyadh, where New Murabba, one of the world’s largest modern downtowns, is under construction. Managing this enormous undertaking is Chief Executive Michael Dyke, British veteran of Balfour Beatty and HS2. Sir Martyn Lewis interviewed him [...]
London’s commercial property market to keep growing as staff ordered back to the office November 26, 2024 The green shoots which sprang up earlier this year in London’s commercial property market look set to continue into 2025, with real estate companies looking at a “cyclical growth opportunity”. London-listed property development firm Helical reported a minor recovery in the value of its property portfolio after several years of market uncertainty this morning. Its [...]
Inheritance tax grab on London’s junior AIM could cost Reeves £1bn November 26, 2024 Rachel Reeves’ inheritance tax hike on London’s junior market AIM in the Budget is likely to cost more than a billion in revenue for the Treasury, investment bank Peel Hunt has warned. The government had estimated that it would raise £92.5m from its 50 per cent inheritance levy on AIM stocks, based on calculations from [...]
‘Were did you get that?’ How an entrepreneur is taking word of mouth online November 26, 2024 How many times have you found yourself distracted by a paid advertisement pop-up while endlessly scrolling through your favourite social media platform? This type of algorithm is an average experience for the majority of social media users today, and one that often dominates a large portion of any brand’s marketing budget. Tiktok, for example, is [...]
UK proposes earlier banker bonuses in bid to boost competition November 26, 2024 UK regulators have officially laid out plans for the country’s top bankers to get their bonuses years earlier in a bid to boost competition with rival jurisdictions. The Bank of England’s Prudential Regulation Authority (PRA) and City watchdog the Financial Conduct Authority (FCA) published proposals on Tuesday to reduce the bonus deferral period for most [...]
MPs to vote on smoking ban bill and ‘harmful’ vape sales aimed at children November 26, 2024 MPs are to vote on a landmark smoking bill which would raise the legal tobacco purchasing age and clamp down on “harmful” childhood vaping. Parliament will have its first debate on the measures in the proposed new law, followed by a vote in the House of Commons later today, in what’s known as the ‘second [...]
Spending watchdog refuses to sign off on government accounts November 26, 2024 The spending watchdog has refused to sign off on the government's accounts for the first time due to unreliable data from England's local councils.
Damning FCA report ‘risks undermining’ London as a financial centre November 26, 2024 Criticism of the Financial Conduct Authority (FCA) is continuing to mount as a group of parliamentarians prepares to lay out a stinging report claiming the watchdog is “defective” and “incompetent”. In a more than 350-page report compiled over three years, set to be presented to parliament, the All-Party Parliamentary Group on Investment Fraud and Fairer [...]
