Reeves eyes clampdown on salary sacrifice in latest stealth tax on high earners November 8, 2025 Rachel Reeves is preparing to tighten the rules on salary sacrifice schemes in what would amount to a stealth tax raid on pension savings, as the chancellor searches for ways to fill a yawning £30bn black hole in public finances. Reeves will use her November Budget to cap the amount that workers can pay into [...]
London’s £10bn data centre boom accelerates amid AI power crunch November 7, 2025 London’s data centre sector is entering a new phase of expansion, with three major schemes worth over £10bn revealed in the past week. The projects, all located in and around the capital, aim to serve the growing computing needs of the City, tech firms, and the broader UK economy, particularly AI workloads. The developments are [...]
Sky in talks to buy ITV’s broadcasting arm for £1.6bn November 7, 2025 ITV has confirmed it is in early talks with Sky over the possible sale of its media and entertainment division, in a move that could reshape the UK television industry. In a statement to the market on Friday, ITV announced that it was in “preliminary discussions” regarding a potential sale of its broadcasting and streaming [...]
FTSE 100 Live: ITV and Sky takeover chatter; House prices rise November 7, 2025 Good morning from the City AM liveblog team. Yesterday, the Bank of England cut rates in a 5-4 decision with Governor Andrew Bailey playing decider. Policymakers at the Bank said the crunch decision weighed up contractions in the jobs market, which could lower inflation levels, and high inflation expectations of around 4 per cent among [...]
BT bets on budget provider amid broadband customer losses November 6, 2025 BT has lost more broadband customers than expected, a sign that even its £15bn fibre rollout is struggling to retain customers from drifting to cheaper rivals. Openreach, BT’s network arm, reported a net loss of 242,000 broadband lines in the second quarter of its financial year, worse than the 205,000 analysts had pencilled in. The [...]
Bank of England Live: Bailey refuses to confirm if Budget influenced rates decision November 6, 2025 Welcome back to the City AM liveblog. Andrew Bailey has refused to confirm whether the upcoming Budget and Rachel Reeves’ recent comments influenced his decision on interest rates. The Bank of England has held interest rates at four per cent in its final decision before the Autumn Budget. The Bank’s Monetary Policy Committee (MPC) voted [...]
UK tech founders warn Reeves her Budget could derail London IPO plans November 6, 2025 Executives from some of Britain’s most valuable technology start-ups have warned Rachel Reeves that proposed tax measures in this month’s budget could force them to abandon London listing plans. According to Sky News, a letter was sent this week by companies like Revolut and Clearscore, urging the Treasury not to impose an exit tax on [...]
Uber Eats new tech aims to beat Deliveroo in Christmas delivery war November 6, 2025 The annual Christmas rush, characterised by frantic supermarket dashes and sold-out delivery slots, is undergoing a fundamental change, with on-demand delivery cementing its role as the crucial last-minute lifeline. Uber Eats has laid out its strategy to dominate this market, deploying a heavy suite of new tech aimed at maximising order efficiency and expanding into [...]
OpenAI’s new Amazon deal reveals the cost of AI dominance November 5, 2025 In the battle for AI dominance, computing power has become the new oil, and OpenAI’s $38bn (£29bn) partnership with Amazon is the latest sign of just how expensive that race has become. The ChatGPT maker’s seven-year agreement with Amazon Web Services (AWS) marks a turning point not just for OpenAI, but for the wider cloud [...]
UK telecom giants sign new pact to block scam calls as AI drives fraud November 5, 2025 Britain’s biggest mobile networks have agreed to overhaul their systems to stop scammers using fake numbers to impersonate banks and government departments. As ministers seek to stem the growing tide of AI-driven fraud, BT, EE, Vodafone, Three, Virgin Media O2, Sky, TalkTalk and Tesco Mobile have signed a new telecoms charter with the Home Office. [...]
