Can a global minimum tax survive Trump? July 30, 2025 As the G7 exempts the US from the global minimum tax – otherwise known as Pillar 2 – experts are asking when a global tax stops being global? Say Tim Sarson Last month I opened this column talking about an announcement from the German government about a proposal to cut their federal corporation tax rate. [...]
NFL HQ was target of New York gunman who killed four, says mayor July 29, 2025 The NFL is believed to have been the original target of the gunman who killed four people on Monday, according to New York City mayor Eric Adams. Examiners think that 27-year-old Shane Tamura, of Las Vegas, was trying to get into the NFL headquarters after shooting several people in the building’s lobby, but ended up [...]
Government consultants pledge under threat as spending jumps July 22, 2025 Government spending on management consultants rose by over £150m during Labour’s first year in office, despite the party’s manifesto pledge to halve the amount departments dish out to third party advisers, City AM can reveal. Total spending on management consultancy contracts totalled £1.44bn during the first 12 months of the government’s four-year term, up from [...]
How can British businesses prepare for tariffs, and does Brexit help? July 19, 2025 The Insight in 15 is a new podcast from professional services firm KPMG offering a fresh perspective on major issues for business leaders. The 10-part series will cover a range of topics by cutting to the chase, setting out the risks and opportunities, and providing insights those at the top of big businesses can put [...]
Rachel Reeves’ tax raid leads to thousands of job losses as wage growth cools July 17, 2025 Thousands of jobs were lost in June, official data has shown, putting the Bank of England under greater pressure to deal with the consequences of Chancellor Rachel Reeves’ £20bn tax raid at its next interest rates decision in August. Bank Governor Andrew Bailey has warned that “softening” in the labour market could force rate-setters to [...]
Mark Kleinman: Radical Post Office reform has mutual interest July 17, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Radical Post Office reform has mutual interest Talk about a pregnant pause: it’s nine months since I reported that ministers had asked the consulting firm BCG to explore options for transferring the Post Office into mutual [...]
First-time buyer demand for furniture and the ‘lipstick effect’ boost June sales July 15, 2025 Demand for furniture and beauty goods caused retail sales to rise in June, boosted by good weather and slowly-recovering consumer confidence. Sales in the UK rose 3.1 per cent year on year in June, against a decline of 0.2 per cent in June 2024, according to data from the British Retail Consortium (BRC). “Retailers will [...]
Mortgage brokers on chopping block as AI overhaul gains pace July 14, 2025 Mortgage brokers could be the latest roles to be swallowed up by the spread of AI as homebuyers deploy modern tech in the space of cumbersome traditional homebuying services. AI has taken a dominant role for buyers with over a third using the tech to explore their options. Early adopters cited AI as streamlining product [...]
AI disrupts UK hiring for tech and entry level roles July 14, 2025 UK employers are significantly scaling back hiring roles at risk of being disrupted by artificial intelligence (AI), adding signs of a broader labour market slowdown. New data from McKinsey & Co revealed that online job postings fell 31 per cent in the three months to May, compared with the same period in 2022. Yet the [...]
Rachel Reeves urged to make ‘bold choices’ at Mansion House speech as growth stalls July 14, 2025 Financial services are looking to Rachel Reeves’ Mansion House speech and the launch of her new growth strategy for the sector as a pivotal turning point. The industry has been courted by the Chancellor in hopes of feeding ideas into the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy. Now, firms look to be banking [...]