James Reed: UK jobs market is among worst I’ve ever seen June 25, 2025 After 35 consecutive months of decline, the UK jobs market is unlike anything in the past few decades, writes James Reed.
Driverless taxis will make black cabs extinct – and that’s no bad thing June 25, 2025 The imminent advent of ‘robo taxis’ may well be the final nail in the coffin of the London cab trade, suggests James Ford By all accounts, a London cabbie’s lot is not a happy one. You may get to drive around the capital in one of the great transport icons (the black cab is up [...]
FCA reviewing bank risk appetite to boost home ownership June 24, 2025 The Financial Conduct Authority has said it will review lenders’ risk-taking in its bid to boost home ownership. The City watchdog said it was seeking a “public conversation” on the “future of the mortgage market” as it looks to support economic growth through an overhaul on mortgage rules. An update to “responding lending rules” was [...]
Falling wage growth could usher interest rate cuts, Andrew Bailey suggests June 24, 2025 Bank of England Governor Andrew Bailey suggested interest rate cuts would be warranted as pay growth was set to decline in the coming months.
Thieves go Wireless: Pickpockets eye headliner British festivals June 24, 2025 As UK festival season rolls around, new data reveals a less-celebrated chart-topper: phone theft. London’s biggest music events – including Wireless, BST Hyde Park, and Summertime Ball – have been ranked the worst in the country for festival pickpocketing, with theft rates more than five times the national average. The research, conducted by QR Code [...]
Law Society calls on government to launch free AI legal tool June 24, 2025 To help people understand their legal issues the government was called on to create a free AI tool similar to NHS 111, to restore trust in the justice system
Borders watchdog casts doubt on Labour pledge to end asylum hotels June 24, 2025 The Labour government’s pledge to end the use of hotels for asylum seekers by 2030 has been dismissed as unachievable by the UK’s borders watchdog. Chancellor Rachel Reeves reiterated at the Spending Review nearly a fortnight ago that the government’s commitment to end asylum hotels would save the government £1bn a year. But David Bolt, [...]
Rangers takeover: 49ers promise to attract better sponsors and signings June 24, 2025 The San Francisco 49ers will lend a “global gravitas and awareness” to Rangers that helps them attract more lucrative commercial deals and better signings, says the Scottish club’s new vice-chairman Paraag Marathe. A US consortium spearheaded by private healthcare businessman Andrew Cavenagh and 49ers Enterprises, the investment arm of the NFL franchise which also owns [...]
High street stalwart Claire’s explores a sale as cost pressures mount June 24, 2025 The accessories and piercings company Claire’s is exploring the possibility of a sale as it battles rising costs and competition. Claire’s, which is owned by US investors JP Morgan, Elliott Management and Monarch Alternative Capital, operates 2,750 shops worldwide and 281 shops on UK high streets and retail parks. Julie Palmer, partner at financial advisory [...]
Farmers demand judicial review of inheritance tax grab June 24, 2025 A group of farmers and business owners are seeking a judicial review of the government’s contentious inheritance tax raid, arguing there should have been a public consultation before the policy was confirmed. The claim, which was served to the Chancellor and HMRC on Tuesday, does not seek any concrete changes to the overhaul but alleges [...]