Council finances in dire straits, MPs say June 18, 2025 Councils could run out of money in 2026 due to unsustainable book balancing methods, according to parliamentarians. The hike in national insurance contributions (NIC), combined with spending on special educational needs and disabilities (SEND), has squeezed local council finances, a new report by the Public Accounts Committee (PAC) has found. Despite Reform’s DOGE campaign, they [...]
KPMG UK and partner fined over £1m after probe into Carr’s audit June 12, 2025 KPMG was hit with sanctions over an audit of a London-listed farm supplies company following the regulator's finding of "serious" breaches
Reeves vows to ‘renew’ Britain as Tories say it’s just ‘borrow and spend’ June 10, 2025 Rachel Reeves is expected to focus on regional growth as she unveils £113bn in capital investment as part of her Spending Review on Wednesday. The Chancellor will outline some of the government’s key priorities and will pledge investment aimed at ensuring “people can see a doctor when they need one, know that they are secure [...]
Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit June 8, 2025 Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]
A Wise storm has rocked the London Stock Exchange’s fintech dream June 6, 2025 Hopes of a fintech-powered City markets revival may have been crushed on Thursday after money transfer firm Wise ditched its primary listing. The embattled London Stock Exchange was dealt its latest blow as the UK fintech opted for a dual listing across the Atlantic but with the US acting as its primary base. It’s no [...]
Bankrupt council faces multi-million-pound fraud probe June 3, 2025 The Serious Fraud Office has commenced an investigation into an alleged multi-million-pound fraud committed against Thurrock Council.
‘Stewardship shouldn’t feel like box-ticking’ – FRC chief June 3, 2025 FRC chief executive exclusively shared with City AM his main focus of overhauling its key City code was "reducing the reporting burden"
FRC: We will take an axe to City stewardship code, says boss June 1, 2025 The Financial Reporting Council (FRC) plans to take the axe to a key City code that governs how shareholders should hold companies to account. The UK Stewardship Code was created following the 2008 financial crisis to address fears that shareholders had failed to adequately police risk-taking. Signatories are required to publicly report on their stewardship [...]
UK-Gulf states trade deal on the horizon May 30, 2025 The UK is poised to sign a trade agreement with the Gulf states, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The deal with the Gulf Cooperation Council (GCC) is expected to be worth as much as £1.6bn, with hopes that the value will rise by an additional £8.6bn a year [...]
London vs New York: Who will win the fintech IPO war? May 24, 2025 A battle with New York awaits as Rachel Reeves sets her eyes on London fintech IPOs. The Chancellor has courted top fintech darlings in her attempt to boost listings on the London Stock Exchange (LSE) as a fleet of firms are flirting with floating in the near future. Monzo is reportedly consulting with investment bankers on [...]