FTSE 100 Live: UK GDP flatlines, Big Technologies shares tumble after legal twist September 12, 2025 Good morning from the City AM liveblog team. UK GDP flatlined in July, latest figures from the ONS show, in another setback for the Chancellor in delivering on her pledge to grow the economy. The FTSE 100 is fighting through the noise as it opened above 9,300 this morning, rising by 1.2 per cent in [...]
Brits shy away from buying houses as uncertainty over property tax increases September 11, 2025 Buyer inquiries and sales slipped in August, with ‘ongoing uncertainty’ putting the brakes on the UK’s housing market, according to new data. Agreed sales slipped sharply, with a net balance of 24 per cent of property professionals seeing transactions fall, up from a balance of 17 per cent the previous month, the Royal Institution of [...]
UK fintech holds European crown but UAE threat looms September 11, 2025 UK fintech maintained a heavy level of activity in the first half of 2025 but faced new threats from growing financial hubs. Over 70 significant acquisitions of smaller rivals or complementary businesses were reported in the UK and Europe over the half. This represented a 50 per cent bump on acquisitions compared to the previous [...]
Rayner scandal piles pressure on HMRC as tax surveillance force swells September 9, 2025 HMRC has increased the number of staff trained to physically monitor suspected tax evaders, as pressure mounts over Angela Rayner’s £40,000 stamp duty scandal. Official figures, obtained via Freedom of Information (FOI) and shared with City AM, show that 337 staff are now trained in covert surveillance, up from 171 people two years ago, in [...]
Race for Labour deputy reignites wealth tax debate September 9, 2025 Labour’s Islington South and Finsbury MP Emily Thornberry has thrown her hat in the ring for Labour deputy leader and proposed a new wealth tax as part of her campaign, prompting Chancellor Rachel Reeves to strike down calls by ruling out its introduction. Thornberry, the former shadow foreign secretary under Jeremy Corbyn’s leadership who now [...]
Nigel Farage: City regulator ‘is a disaster’ September 5, 2025 Nigel Farage has branded the Financial Conduct Authority a “disaster” as he promised his party would overhaul the City’s regulatory landscape. The Reform UK leader – who is hosting the party’s annual conference this weekend – is a strong contender to take the keys to 10 Downing Street in the next general election. Allies of [...]
British billionaire trader offers interns £26k a month September 4, 2025 A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]
Angela Rayner on the brink: Deputy PM underpaid stamp duty on purchase of £800,000 property September 3, 2025 Deputy prime minister Angela Rayner has referred herself to the standards watchdog after she admitted to underpaying stamp duty on her second home in Hove. A spokesperson for Keir Starmer has refused to confirm the date Rayner informed the Prime Minister about her tax dealings, raising questions on when he found out about new tax [...]
Angela Rayner: People in tax-dodge houses shouldn’t throw stones September 3, 2025 Deputy prime minister Angela Rayner will be lucky to survive this latest tax-dodging property scandal, writes James Ford If you are a government minister there are always a number of key warnings that your frontbench career is on the brink. The first stage of your fall from grace is when your fellow ministers end up [...]
How likely are property tax reforms in the Autumn budget? September 3, 2025 Rumours have been swirling in Westminster about a variety of property tax changes Rachel Reeves might introduce in this Autumn’s budget – or further down the line – in an attempt to plug a £40bn gap in the nation’s finances while overhauling a complex system of levies and charges. The Treasury is reportedly looking into [...]