FCA: Motor finance lenders ‘very focused’ on negatives of redress December 16, 2025 The boss of the UK’s financial watchdog has taken a swipe at motor finance lenders that are begrudged with the regulator’s redress scheme, stating they are “very focused” on the negatives. In a session with the Treasury Select Committee, Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA) opened the door to changing the [...]
Fowl play: Morrisons loses £17m VAT battle over rotisserie chickens December 16, 2025 Supermarket giant Morrisons faces a £17m tax bill after the First-Tier Tax Tribunal threw out its dispute over VAT on cool-down rotisserie chickens. The dispute arose from George Osborne’s controversial 2012 Finance Act changes that sought to clarify the VAT treatment of hot takeaway food, famously known as the “pasty tax” debacle. Morrisons tried to [...]
Premier League clubs count £1bn cost of injuries December 16, 2025 Premier League clubs have forked out more than £1bn in wages to injured players across the last five years, a new study has found. Since the start of the 2020-21 season, 5,367 injuries in the English top flight have cost its clubs £1.2bn in salary payments – equivalent to a quarter of their matchday revenue [...]
Kylian Mbappe wins £53m payout from Paris Saint-Germain December 16, 2025 Champions League holders Paris Saint-Germain have been ordered to pay Kylian Mbappe €60m (£53m) after he won a legal dispute over unpaid wages and bonuses. Mbappe had been claiming €263m (£231m) from PSG, who counter-sued the France captain for €240m (£211m), following his acrimonious move to Real Madrid in summer 2024. A French labour court [...]
Redundancies hit highest level since pandemic as unemployment climbs higher December 16, 2025 The UK unemployment rate jumped above the 5 per cent mark and redundancies surged to their highest level since the pandemic. The Office for National Statistics (ONS) published damning figures on Tuesday morning that will likely send chills throughout the Labour government ministers ahead of the Christmas break. It said the number of payrolled employess [...]
Glasgow Caledonian University to Lead £2.6m UK Doctoral Training Programme to Tackle Global Oral Health Challenges December 16, 2025 Glasgow Caledonian University has secured £2.6 million to lead a major new UK-wide doctoral training programme to spearhead research into oral health and dental disease prevention. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251216404233/en/ Funded by the Biotechnology and Biological Sciences Research Council (BBSRC) and delivered in partnership with Haleon, a consumer [...]
Shoosmiths to give staff extra £1m after hitting AI target December 16, 2025 Law firm Shoosmiths will give staff an extra £1m in bonuses after they hit the firm’s annual target for 1m Microsoft Copilot prompts more than four months ahead of schedule, City AM can reveal. The firm told City AM in April that it had set a “clear and ambitious annual target” of 1m on its [...]
The Best Christmas Competitions and Festive Offers This Season December 16, 2025 As the festive season lights up London, brands across the capital are rolling out generous competitions and luxury experiences to make Christmas even more memorable. From immersive games and bottomless brunches to beauty treats and retail vouchers, this year’s festive giveaways are bigger and better than ever. Here are some of the best Christmas competitions [...]
Padel match booking firm raises £4.5m in major fund raise December 16, 2025 Major padel match booking app Playtomic has raised €5.1m from an investment raise which will see thousands of players become shareholders. The big-money fund raise closed this month with more than 4,600 investors buying into the social padel service to the tune of £4.5m. The fund was organised through private equity market investment platform Crowdcube, [...]
Public sector jobs and pay increase while private sector struggles December 16, 2025 Public sector employment jumped in September while the number of workers in the private sector fell, official statistics have shown. Employment in the public sector increased by 7,000 in the three months to September 2025 as total employment reached 6.2m. The Office for National Statistics (ONS) said employment in central government hit a record high [...]