‘Grotesquely unfair’: 700,000 Brits caught in 60 per cent tax trap October 2, 2025 There are growing calls for the government to overhaul tax rules for top earners after fresh data obtained by City AM revealed just under 700,000 Brits are now caught in the so-called 60 per cent tax trap. Another 74,000 taxpayers were added to the punitive £100,000-£125,000 income bracket during the 2024/25 tax year, according to [...]
London AI startup Lupa raises $20m to modernise vet clinics October 2, 2025 Lupa, a London-based startup building modern software for veterinary clinics, has raised $20m (£16.5m) in a Series A round led by European VC Singular, just five months after securing $4m in seed funding. The software firm, founded in 2023, says it is tackling one of the most overlooked corners of healthcare: the $350bn global veterinary [...]
Rachel Reeves plots stamp duty exemption for newly listed shares October 2, 2025 There are growing hopes for a revival for London’s moribund IPO market after reports chancellor Rachel Reeves is preparing to unveil a stamp duty exemption on shares of newly-listed companies. The move, which is set to be announced at the forthcoming Budget in November, would remove the 0.5 per cent tax charge on the buying [...]
Exclusive: Arsenal close in on Visit Rwanda partnership extension October 2, 2025 Arsenal are in advanced talks to extend their controversial £10m-a-year commercial partnership with Visit Rwanda, the tourism arm of the East African country. The current agreement, which sees Visit Rwanda appear on the shirt sleeves of the men’s and women’s teams, was due to expire at the end of the season. It has also been [...]
FTSE 100 Live: Tesco shares rally; OpenAI nets $500bn price tag October 2, 2025 Good morning from the City AM liveblog team. The FTSE 100 is leading the City higher this morning as it continues to build on records sealed earlier in the week. The index rose 0.2 per cent to 9,464.91 this morning, following on from yesterday’s gains. Also continuing its rally was gold, propelled on by the [...]
Thought Machine lands £45m funding round after losses widen October 2, 2025 Thought Machine has sealed a £45m funding round after the London fintech reported widening losses. The funding was secured in July, according to fresh Companies House filings seen by City AM, but the firm had not previously disclosed the investment. Thought Machine said it obtained the cash from its existing investor base. “The funding supplements [...]
Digital ID cards are a sign of a Groundhog Day government that’s out of ideas October 2, 2025 Digital ID cards – or ‘Brit cards’ as Starmer calls them – are a Blair-era policy being recycled at the worst possible time, says James Ford It has been estimated that there are no fewer than 138 movie sequels currently in production. By any estimate, that is a lot of sequels. Even Homer Simpson is [...]
Reeves must get ruthless on welfare October 2, 2025 Rachel Reeves’ plans for a youth guarantee scheme and lifting the two-child benefit cap are not enough to tackle the spiralling welfare bill, says Jamila Robertson This week, Chancellor Rachel Reeves announced her plan to fix the unemployment crisis, which has seen 621,000 under-24s out of work this year. Reeves’ ‘youth guarantee’ scheme would provide [...]
What’s On in London in October 2025 October 1, 2025 As the leaves turn a golden hue, London in October is a city of stunning autumnal beauty and vibrant events. Explore the fiery foliage in the royal parks, get into the spooky spirit with a ghost tour or a Halloween party at a museum, attend a FREE Battle of Ideas event or discover the world-class [...]
Revolut chair Gilbert backs R360 rebel rugby league October 1, 2025 City grandee and Revolut chairman Martin Gilbert has emerged as an investor in the rebel R360 rugby union league. Gilbert, formerly of Aberdeen Asset Management, is named on Companies House as a director of AOTG Sport Ltd alongside former Bath Rugby captain Stuart Hooper and former agent Mark Spoors, who are founders of the R360 [...]