‘Way too cheap’ – Tax experts question Reform’s £250K non-dom plan June 23, 2025 Reform UK’s new ‘Robin Hood’-style non-dom policy has been given a cool reception by top UK tax experts, who have branded it as “too cheap” and warned it could even cost the UK £34bn in lost tax revenue. Nigel Farage’s party, which currently tops the opinion polls, unveiled plans for a £250,000 flat tax regime [...]
United Utilities: Banned bonus for FTSE 100 CEO revealed June 23, 2025 The amount top bosses at FTSE 100 giant United Utilities are set to lose in bonuses – after the water giant was named as one of six to be banned from handing out the payouts – has been revealed. Earlier this month, new measures in the Water (Special Measures) Act come into force which prohibited utility [...]
John Textor plans to buy another English club after £175m Crystal Palace sale June 23, 2025 Crystal Palace co-owner John Textor plans to buy another English club after agreeing to sell his stake in the Premier League side to fellow American Woody Johnson. Textor has signed a legally binding deal to sell his 43 per cent stake in Crystal Palace to Johnson, the former US ambassador to the UK who owns [...]
Musk’s robotaxi launch: Can Tesla rival Waymo? June 23, 2025 Tesla has kicked off its long-promised robotaxi service in Austin, Texas, using a small fleet of modified Model Ys. The rollout, which began on Sunday, represents the company’s first paid, passenger-carrying trial – and a critical test of its camera-only self-driving vision. The service is limited to geo-fenced neighbourhoods, avoids airports and complex intersections, and [...]
Big Four slash graduate jobs as AI takes on entry level work June 23, 2025 The UK’s Big Four accountancy firms are cutting hundreds of jobs and pulling back sharply on graduate recruitment, as artificial intelligence (AI) begins replacing the junior roles once filled by school and university graduates. Deloitte, EY, KMPG and PwC – which cumulatively employ around 100,000 people across the UK – have all stripped back early-career [...]
Fraud litigation surges in UK as businesses fight back June 23, 2025 The number of fraud claims issued to the High Court has increased as 'fraud in society' has surged, forcing British businesses to fight back
Brent crude could hit $110 if oil flow through Strait of Hormuz halved June 23, 2025 Oil prices could surge to new highs, Goldman Sachs has warned, after the US attacked three sites in Iran spiking fears that a crucial Iranian-controlled waterway could be disrupted. The price of Brent crude oil spiked 5.7 per cent in the aftermath to $81.40 a barrel – marking a five month high. Prices later gave [...]
How Philanthropy Powers Cutting-Edge Science June 23, 2025 Christian May, City AM‘s Editor in Chief, meets experts from Cancer Research UK and the Francis Crick Institute to explore the role of philanthropy in driving breakthrough research and treatment. Cancer remains a formidable challenge. Globally, it’s estimated that 19 million people are diagnosed with cancer every year. And an estimated 10 million die from [...]
Industry electricity costs for 7,000 businesses to be slashed by up to a quarter June 23, 2025 Electricity prices for 7,000 businesses in the UK are to be slashed by up to 25 per cent from 2027 as part of the government’s much-awaited Industrial Strategy. British manufacturers are facing the highest industrial electricity prices in the G7, with costs currently four times higher than those of the US and significantly higher than [...]
H&M to shed light on turnaround amid consumer confidence slump June 21, 2025 H&M investors will be hoping the high street fashion chain shows it is on the road to recovery next week despite caution among many shoppers. The retailer is expected to report a slight rise in sales for the latest quarter in an update on Thursday June 26 as it continues with its turnaround strategy. It [...]