Business secretary admits Labour tax hikes fuelling wealth exodus November 24, 2025 The business secretary has conceded that tax hikes have sparked an exodus of rich Brits, after one of the UK’s richest people fled to Switzerland. Peter Kyle admitted that he is “worried” that super-rich business figures such as Lakshmi Mittal feel they need to leave Britain “in order to succeed”. “There are people starting businesses [...]
OBR to downgrade growth forecasts ‘in every year’ to 2030 November 24, 2025 The Office for Budget Responsibility (OBR) is set to downgrade growth forecasts at the Budget this week for every year of the forecast period amid revisions to trend productivity projections. Sky News reports that the OBR is expected to cut its growth predictions, which have been more optimistic than those published by City forecasters, in [...]
Paralympic chief explains lifting of ban on Russia and Belarus November 24, 2025 Russia and Belarus have had their bans from Paralympic Games lifted because they are no longer using sport to promote war, says the president of the International Paralympic Committee. Both countries were suspended by the IPC shortly after Russia’s invasion of Ukraine in 2022, a decision upheld for “breaches of its constitutional membership obligations” the [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
PM set to formally approve new Chinese embassy November 21, 2025 Sir Keir Starmer is expected to give his formal seal of approval to a controversial new Chinese mega-embassy at Royal Mint Court, with the backing of the security services. According to a report in The Times, the approval is set to be a ‘formality’. The Home Office and Foreign Office – and, by extension, MI5 [...]
Birmingham City’s 62,000-seat stadium with 12 chimneys and sky bar November 20, 2025 Birmingham City have revealed plans for a new 62,000-capacity stadium with 12 brick chimneys, a retractable roof and movable pitch. The stadium, when completed in time for the 2030-2031 season, will become the UK’s 8th largest, ahead of Anfield in the top 10. Knighthead Capital Management have appointed Heatherwick Studio and Manica Architecture for the [...]
England Ashes win will trigger major windfall for ECB, says Nielsen Sports November 20, 2025 England cricket chiefs can expect a major windfall if Bazball sweeps the men’s team to a first Ashes series victory in Australia for more than a decade. The England Wales Cricket Board is already riding high from reporting record turnover last year and has since boosted the coffers further by signing up Toyota as principal [...]
Mark Kleinman: Can Osborne usher in a golden era for HSBC? November 20, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Can Osborne usher in a golden era for HSBC? George Osborne’s words to his Chinese audience were clear: “Through the ups and downs, let’s stick together. Let’s stick together to grow our economies. Let’s stick together to make [...]
Interactive Investor abandons retail campaign in fresh blow to Rachel Reeves November 19, 2025 Chancellor Rachel Reeves’ plans to increase investment in the UK stock market has been hit with a fresh blow, as Britain’s second largest retail investment platform pulls out of the government backed marketing campaign. Interactive Investor, which is owned by London listed investment manager Aberdeen, has become the latest well known name to abandon the [...]
Lloyds to acquire London fintech in bid to grow digital offerings November 19, 2025 Lloyds Banking Group is acquiring London based fintech Curve, as it looks to boost its digital offerings and compete against popular challenger banks. Curve, which was founded in 2015, operates as a digital payment wallet which combines all debit and credit cards alongside alternative payment sources, such as cryptocurrency, onto a single platform. The platform [...]