Tories call for Starmer to sack Rachel Reeves October 30, 2025 The Tories are calling for Keir Starmer to sack Rachel Reeves as Chancellor for breaking the law. In a ratcheting up of the political pressure on Reeves, the opposition party has said the Chancellor should be fired for failing to register her family home when she rented it out before moving to Downing Street. In [...]
Rachel Reeves rented out her home without a licence October 30, 2025 Sir Keir Starmer has ruled out an investigation into Rachel Reeves after she admitted that she rented out her family home without securing a licence. The Chancellor referred herself to an independent ethics adviser after being made aware on Wednesday that Southwark council required her to obtain a “selective” licence to let a property. Reeves [...]
How London’s luxury property market ground to a halt October 30, 2025 On Bishops Avenue, it is quiet. On a recent weekend walk down the mile-long parade of luxury mansions, not a single other person could be spotted strolling along the pavement. The property market for Hampstead-based The Bishops Avenue, known locally as Billionaire’s Row, is equally quiet. Aside from one high-end house snapped up by a [...]
Could this be the clearest sign yet that the rich are leaving Britain? October 30, 2025 It’s hard to know quite how many of the super-rich are leaving London. Some say departure numbers are well into four figures so far this year – others that the estimates are overstated. We can’t get a precise number, but one thing is for sure: it’s happening. The anecdotal evidence of high net worth folk [...]
Is Next still a bellwether for the UK high street? October 30, 2025 Next sailed past its projected sales figures this Autumn, the high street stalwart told markets on Wednesday, despite wider issues in the UK high street. Overall sales rose 10.5 per cent in the 13 weeks to October 25, far above guidance of 4.5 per cent, with international sales growth at 38.8 per cent quarter on [...]
Goldman Sachs’ Solomon plays down private credit fears October 29, 2025 Top Wall Street executives have downplayed the likelihood of a private credit downturn sparking a wider economic crisis, despite a string of major lenders setting aside billions of dollars to manage potential defaults on their balance sheets. Goldman Sachs boss David Solomon dismissed the growing chorus of voices warning that tremors in the private credit [...]
Autumn Budget: Reeves must avoid tax encore for retail, HMV boss warns October 29, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of HMV joins a chorus of warnings to give the retail sector some reprieve. As high street music retailer HMV breezes into the all-important golden quarter, boss Phillip Halliday is eyeing a chart-topper [...]
Paddy Power founder: Bookies ‘scaremongering’ over tax hike damage October 28, 2025 The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes. Stewart Kenny, who served as chairman and chief executive at the Irish gambling [...]
Why are asset managers turning away from the US? October 28, 2025 Asset managers are increasingly choosing to diversify their portfolios away from US stocks, despite Wall Street’s pronounced rally, as fears over being overexposed to secular markets grows. US markets saw a significant bounce back in recent months, shaking off the lows that followed Trump’s tariff announcement in April, with investors not yet losing their appetite [...]
Reform UK pledges to ‘have legislation drafted’ before next election October 28, 2025 Reform UK has vowed to write draft legislation before entering government if it were elected into Downing Street, with sweeping changes to Whitehall and civil service codes to be among its top priorities. At a press conference on Tuesday afternoon, policy chief Zia Yusuf and the backbencher Danny Kruger said the party “don’t come with [...]