The high-profile non-doms that have quit Britain since the Budget June 6, 2025 If the pleas of wealth advisers and tax lawyers are to be believed, since the Chancellor’s Autumn fiscal crackdown, non-doms have been leaving Britain in droves. We’ve listed the most high-profile departures since the Budget. Having made it almost exactly halfway through her maiden Budget, the UK’s first female Chancellor was beginning to find her [...]
Labour exploring plans for ‘Britcard’ digital ID to curb illegal migration June 6, 2025 Labour is exploring a new national, universal digital ID card for every adult in the UK to tackle illegal migration. The ID is being tentatively branded as ‘Britcard’, and could be downloaded onto a smartphone in the shape of a “free verifier app”. Plans for the digital ID were laid out in detail by the [...]
Farage considered ‘more working class’ than Starmer, polling finds June 6, 2025 Reform leader Nigel Farage is seen by voters to have more solid working class credentials than Prime Minister Sir Keir Starmer, fresh polling by More in Common has found. 19 per cent see the Reform leader as a member of the working class. For Starmer, the number is 17 per cent. This follows Farage’s claim [...]
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 [...]
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
LTA pledges equal prize money at Queen’s Club by 2029 June 5, 2025 The Lawn Tennis Association (LTA) has pledged to award equal prize money to men and women at its events at Queen’s Club and Eastbourne by 2029. A women’s tournament has been added to the HSBC Championships at Queen’s Club, which begins next week, and will offer prize money totalling $1.4m (£1m). That is the highest [...]
ECB cuts interest rates as UK ‘hesitation’ risks dealmaking strength June 5, 2025 Interest rates in the eurozone have been cut, taking the deposit facility rate to two per cent as fresh data suggested inflation came in just under the European Central Bank (ECB)’s two per cent target rate in May. The cut means the ECB’s rate now stands at two per cent, a halving of rates set two [...]
David Lammy: ‘Technology is the frontline of geopolitics’ as Foreign Office teams up with Big Four giants June 5, 2025 “It is essential" that firms such as the Big Four and UK government "work together", Foreign Secretary tells City AM as his focus shifts to AI.
Week in Business: Warning lights in the City as another firm quits London for New York June 5, 2025 The trend has been clear for some time and the evidence points to a story of decline for the UK's capital markets.
Wickes jumps up to FTSE 250 as National Express owner axed June 5, 2025 Wickes is set to be promoted to the FTSE 250 amid a reshuffle by the London Stock Exchange, while firms such as Mobico, the owner of National Express, and Ferrexpo are expected to be relegated. Wickes has entered the index after its stock price has soared 35 per cent in the last three months, launching [...]