Voters expect Burnham to hike taxes July 8, 2026 Taxes will rise to even higher levels under Andy Burnham’s government as the likely-incoming Prime Minister ramps up spending on council housing and public services, voters have predicted. City AM/Freshwater polling has shown that more than half of voters expect taxes to increase under Burnham’s government regardless of which Labour figure takes over from Rachel [...]
Bank of England to relax capital rules despite warning of economic threats July 7, 2026 The Bank of England set out proposals to relax UK banks’ capital rules even as it sounded the alarm on the growing risk of multiple threats hitting the UK economy. In the latest meeting of the central bank’s Financial Policy Committee top officials said it would work with watchdogs on a package of “broad reforms” [...]
Young’s pubs score World Cup trading boost July 7, 2026 Young’s has seen a surge in trading as a result of England’s success so far in the World Cup, the pub operator said. The FTSE-listed hospitality firm said its nine per cent jump in revenue in the last 14 weeks was in part driven by the initial stages of the World Cup, where England has [...]
Burnham told to launch £100bn tax reform package July 6, 2026 Andy Burnham has been urged to introduce sweeping tax reforms that could generate over £100bn in extra government revenue by a group of influential economists, which includes his own heavyweight adviser Jim O’Neill. A letter signed by O’Neill, who was formerly a Treasury minister and Goldman Sachs executive, urged the next Prime Minister to introduce [...]
Financial services activity ‘drops rapidly’ as investors alarmed by Burnham July 6, 2026 Business activity across the financial services sector – one of the chief drivers of economic growth across the UK – has dropped sharply as confidence slumps, according to a new survey. Financial services firms, including banks and insurers, said business volumes had nosedived in the second quarter of the year. While the net reading for [...]
Why England World Cup host city Miami is amazing for sports lovers July 6, 2026 The next England World Cup game takes place in Miami this Saturday 11 July, with the Brits facing Norway. England have made the World Cup Quarter finals after a 3-2 win against Mexico, which means this Saturday’s host city Miami is about to steal the limelight. Brits are expected to spend £250million if England reaches [...]
Surely Gary Stevenson is smart enough to know a wealth tax won’t work? July 6, 2026 Britain's self-styled greatest inequality economist, surely Gary Stevenson knows his two per cent levy won't work, writes Damian Pudner.
Natwest boss becomes latest City figure caught in AI social media scam July 3, 2026 The boss of Natwest has become the latest City figure to be depicted in an AI scam across social media. Paul Thwaite – the chief executive of the FTSE 100 bank – was posted on X alongside journalist Emily Maitlis in a deepfake picture attempting to create a BBC radio interview. The picture was shared [...]
UK fintech Starling to axe 130 roles in AI-powered simplification drive July 3, 2026 Starling is gearing up to cut some 130 roles in a bid to streamline its operations following a fall in profit over the last year. The London-based fintech told staff this week it would restructure its banking and tech operations as it leveraged AI across operations ahead of an influx of new projects. It said [...]
Square Mile Irish pub to be converted into youth hostel July 2, 2026 A Square Mile Irish pub is set to be converted into a youth hostel in the latest sign of the City’s gradual transformation from a work district to a visitor destination. Feeney’s pub, near Fenchuch Street station, as well as the offices above the pub, will be replaced by a “contemporary tourist hotel and hostel [...]