Angela Rayner pushes for new tourist tax to fix black hole July 22, 2025 Deputy prime minister Angela Rayner is pushing Chancellor Rachel Reeves to give more power to councils to tax tourists amid worries that local governments are struggling to keep finances in check. Rayner has suggested that councils should be able to tax tourist hotel stays and take advantage of a rise in visitors, rather than taxing [...]
Compass: Catering giant buys Vermaat Groep in £1.3bn deal July 22, 2025 Compass has agreed to acquire European food services business Vermaat Groep for €1.5bn (£1.3bn). Shares in the hospitality giant rose by more than five per cent in early trades. Vermaat, which is a market leader in the Netherlands, will give Compass a “unique opportunity” for sustainable growth in Europe, the catering company told markets this [...]
Fraud risk surges as leaked files expose UK firms July 22, 2025 London’s cyber watchdogs are sounding the alarm over a growing wave of corporate data breaches, as new research reveals the vast majority of leaked datasets now include sensitive financial and personal files, fueling a sharp rise in fraud, cybercrime and reputational risk. A landmark study published on Tuesday by Lab 1, an AI-driven cybersecurity platform, [...]
Universities have woken up to AI reality. Can businesses now keep up? July 22, 2025 Universities are moving from degree machines to AI-savvy, entrepreneurial training grounds. Businesses must keep up, writes Paul Armstrong.
FCA softens remortgaging rules in dash for growth July 22, 2025 The Financial Conduct Authority (FCA) is set to remove red tape on remortgaging in the latest sign public bodies are tearing up their rulebooks to align with the government’s growth agenda. In new measures introduced by the City regulator, mortgage holders will be able to reduce the terms of their borrowing and switch to new [...]
UK government to sanction companies driving illegal migration July 22, 2025 The UK government is set to introduce a new sanctions regime targeting people smuggling gangs and rogue companies driving illegal migration as part of efforts to curb small boat crossings and stop modern slavery in the UK. In new reforms unveiled by the Foreign Office, individuals and companies responsible for irregular migration will see their [...]
Costly departures: Why an exit tax looks more likely than a wealth tax July 22, 2025 Tax experts have been queuing up to warn that a blanket tax on wealth is both unlikely and unfeasible. But as ministers insist the government will avoid tax hikes targeting average earners, could it turn to an exit tax to plug the gap? As reams of impressed tourists shuffled their way through the opulent surroundings [...]
The rise of slottification: Why can’t I have any fun in London without booking? July 22, 2025 When a boy cannot even go to a pond without booking it on a desktop app, something has gone wrong in London, writes Matt Waksman.
Where to buy the latest limited edition Snoopy watch July 21, 2025 City AM brings you all the latest news from the world of watches and horology, from the Tudor making a splash in blue to Rolex helping to save the penguins, plus where to snag the latest must have Snoopy watch. Royal blue: Why Tudor is making a big splash Tudor has made a splash with [...]
Rugby League Ashes a North Star for the game in England July 21, 2025 Sports are forever trying to innovate, develop and find the next mast on which to pin their colours to. But not international rugby league. While the English domestic Super League have brought in IMG to promote and relegate teams based on a list of external criteria that some clubs already want tweaked, the international game [...]