Wealth tax would ‘create unfairness’, IFS says April 27, 2026 Annual wealth taxes would create “complexity, distortions and unfairness”, a new Institute for Fiscal Studies report has said, as policymakers have been advised to consider the trade-offs involved in addressing forms of inequality. The IFS’ Deaton Review, which involved research conducted over six years, found that an annual levy on wealth would have “serious drawbacks” [...]
Bank of London: Peter Mandelson-backed fintech sees losses widen April 27, 2026 The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
Goldman Sachs raises oil price forecast as war disruption rages on April 27, 2026 Goldman Sachs has raised its oil price forecast as disruption to energy production in the Gulf rages on amid the Middle Eastern conflict. The investment bank’s commodity analysts now project that Brent crude will trade at roughly $90 per barrel in the final three months of the year, up from a prior projection of $80. [...]
FTSE 100 banks £16bn payday to face economic reality check April 27, 2026 Provisions for sour loans threaten to take a bite out of profit growth as Barclays kicks off FTSE 100 banks earnings season next week whilst economic tensions loom over the wider financial industry. UK banks will give a snapshot of the gathering tensions in the economy next week as the nation’s top lenders update the [...]
Four Champ Rugby clubs in talks with new investors April 27, 2026 Nearly a third of Champ Rugby clubs are having conversations with potential new investors, as the wider game looks to capitalise on the incoming franchising of Prem Rugby. Although details are still to be finalised, the English top flight is set to steamroll into an expansionist league much like those seen in North America. Red [...]
Tories pledge to scrap mandatory time off for union reps April 27, 2026 The Conservative Party has pledged to scrap the legal requirement for employers to offer paid time off for union representatives. Tory shadow business secretary Andrew Griffith will announce the policy on Monday, which he says will free up taxpayer cash to be spent on cutting NHS waiting lists and filling potholes. Union reps are currently [...]
Race a McLaren at the UK’s most exhilarating track day April 27, 2026 At the UK’s most exciting track day, you can sample a McLaren GT4 race car, a Formula 3000 single-seater and much more, says Tim Pitt The gift was kindly meant, but I found it hard to hide my disappointment. Some 20 birthdays ago, my parents bought me a supercar experience. You know the sort of thing: [...]
Warrior creates more romance with record fourth QEII Cup April 26, 2026 HISTORY was made at Sha Tin Racecourse on Sunday when Romantic Warrior, one of the finest to ever grace the Hong Kong turf, won a fourth FWD QEII Cup. First winning this Group One prize in 2022, the only reason he wasn’t going for a fifth was because connections chose to target the Saudi Cup [...]
‘National scandal’: Record-high shoplifting driven by repeat offenders April 26, 2026 Shoplifting has been branded a “national scandal” as incidents reach a record high, fuelled by a growing number of repeat offenders. More than 500,000 shoplifting offenses were recorded last year, according to official figures released in response to a parliamentary question by former Conservative Party leader Iain Duncan Smith. Fears around the worsening state of [...]
Economy could suffer for eight months after Iran war ends, minister says April 26, 2026 Surging food and energy prices caused by the Iran war could last for more than eight months after the conflict ends, Starmer’s right-hand man has said. Higher petrol, food and plane ticket prices will persist for “eight-plus months” following the end of the conflict, chief secretary to the Prime Minister Darren Jones said. The minister [...]