Brits back tax incentive plan to stop wealthy investors fleeing UK July 22, 2025 Two thirds of Britons support offering rich investors tax incentives to stop them leaving the UK, according to a new report, as the government has been urged to design a special scheme to boost UK growth. In a new paper by Onward and the Adam Smith Institute, around 67 per cent of the British public [...]
FCA softens remortgaging rules in dash for growth July 22, 2025 The Financial Conduct Authority (FCA) is set to remove red tape on remortgaging in the latest sign public bodies are tearing up their rulebooks to align with the government’s growth agenda. In new measures introduced by the City regulator, mortgage holders will be able to reduce the terms of their borrowing and switch to new [...]
The City welcomes reforms to make London more competitive July 21, 2025 The Chancellor’s Mansion House reforms matter because they promise more jobs. more capital and better pensions – now they must deliver, says Chris Hayward The Chancellor’s Leeds Reforms, unveiled at Mansion House, have opened the door to reforms that could boost investment. These reforms aren’t just about the City. These reforms matter because they promise [...]
Tennis shines a light on new competition law battleground in sport July 20, 2025 Does the tennis court situation prove that communication is always the answer, asks Thorndon Partners co-founder Charles McKeon. The problem with trying to shut down a conversation is that it often has the opposite effect. That’s a lesson the governing bodies of tennis may be learning the hard way. Public and private communications between players [...]
Growth mandate won’t harm consumers, says competition watchdog July 16, 2025 The boss of the UK’s competition watchdog has insisted there is no additional risk of consumer harm from the government’s bid to put regulators on a growth footing, despite her former chair being ousted for not buying into the push. Competition and Markets Authority (CMA) boss Sarah Cardell said she saw “no tension” between her [...]
Rachel Reeves launches major fintech push to galvanize listings July 15, 2025 Rachel Reeves has laid out the government’s plans to make the UK the world leader in fintech in the Chancellor’s latest effort to attract a fleet of listings from the industry. Reeves today unveiled the Treasury’s Financial Services Growth and Competitiveness Strategy, in which she laid out her vision to make the UK the “world’s [...]
Bank of England unveils shake up of financial crisis banking rules July 15, 2025 The Bank of England has unveiled a sweeping package of reforms aimed at easing the regulatory burden on smaller and mid-sized banks, marking a major shakeup of the post-financial crisis rulebook. The central bank’s changes include a one-year delay to key parts of the Basel 3.1 reforms – the UK’s version of international banking rules [...]
Mansion House: time for world-class regulation for a world-class insurance market July 14, 2025 Dear Chancellor, Access to the right insurance is critical to ensure a well-functioning, growing, economy. Insurance brokers work for the client. However, it is increasingly hard for individuals and businesses, to access the advice and products they need because of the challenges caused by over-burdensome regulation on insurance brokers. When you unveil your Financial Services [...]
What the City needs from Rachel Reeves’s Mansion House speech July 14, 2025 Ahead of Rachel Reeves's Mansion House speech, Lord Mayor Alastair King outlines what the City needs to hear from the Chancellor.
Watchdog probe to net £100m from listed housebuilders for affordable schemes July 9, 2025 A probe by the UK’s competition watchdog is likely to result in a collective £100m package from seven housebuilders for affordable housing schemes. The Competition and Markets Authority (CMA) probe, which looked into the anti-competitive practices of seven housing developers – Barratt Redrow, Bellway, Berkeley Group, Bloor Homes, Persimmon, Taylor Wimpey and Vistry – was launched [...]