Here’s how failing TfL can restore confidence in our graffiti-riddled Tube July 10, 2025 Sky-high pay and bonuses, PR gaffes, and a failure to tackle graffiti and fare dodging suggest that TfL is losing touch with its customers, writes James Ford Last week was bad news week for Transport for London (TfL). Poor old Andy Lord, the beleaguered transport commissioner, started the week by explicitly denying that a lengthy [...]
Fintechs lobby Rachel Reeves for tax incentives to boost listings July 9, 2025 Top British fintech firms have urged Rachel Reeves to provide incentives to list in London or risk losing them to rival markets overseas. Executives from Clearbank, Atom, Revolut and Zilch met the Chancellor on Wednesday morning ahead of the Treasury’s Financial Services Growth and Competitiveness Strategy, in which fintech is expected to play a starring [...]
Labour’s Mansion House will be lift-off or letdown for banks July 9, 2025 Britain’s banking sector will be keeping a close eye on Rachel Reeves’ Mansion House speech on July 15 in which the Chancellor will lay out Labour’s roadmap for financial services. Banks are set to take centre stage in the Treasury’s Financial Services Growth & Competitiveness Strategy as Reeves looks to harness the sector to power [...]
Magic Wong can add to his local Legend with more wins July 8, 2025 SERIOUS bettors will have one eye on the weather in Hong Kong, before a highly competitive nine-race programme gets underway at Happy Valley at 11.40am today. The forecast of heavy showers and possible thunderstorms during the action could scupper the chances of many in-form gallopers who have shown their best form on a fast surface [...]
Abu Dhabi sovereign investor eyes $100m slice of Revolut July 8, 2025 An investor in the Abu Dhabi sovereign fund is eying a $100m (£73m) stake in digital banking giant Revolut. State-owned global investment firm Mubadala is reportedly in advanced discussions to purchase shares in Revolut from existing investors. The deal, if completed, would add to a smaller stake the fund purchased last year as part of [...]
OBR warns unfunded spending to damage UK finances amid ‘daunting’ risks July 8, 2025 The UK economy is set for a “daunting” year as the Office for Budget Responsibility (OBR) has warned unfunded spending commitments and global trade tensions are likely to damage public finances. Chancellor Rachel Reeves is facing pressure to assuage Labour backbenchers by not cutting welfare spending while also upholding a pledge not to raise tax [...]
Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax July 8, 2025 Health minister Stephen Kinnock has given the strongest hint yet that a wealth tax might be on the agenda for the government after his father – the former Labour leader Lord Kinnock – intervened to push for the policy over the weekend. The junior Kinnock told LBC’s Shelagh Fogarty that the government has “already taken [...]
Rachel Reeves warned cash ISA reforms will hike mortgage costs July 7, 2025 Rachel Reeves’ plans to cut the cash ISA limit have been blasted by the bosses of Britain’s top building societies over fears they will hike borrowing costs. The Chancellor has been warned her proposals to slash savers’ annual cash ISA allowance from the existing tax-free threshold will drive up costs for homeowners and businesses. Concerns [...]
20 years on from 7/7 London proves terrorists will never win July 7, 2025 20 years ago today, 52 people died in a devastating series of bombings on London’s transport infrastructure. Throughout the following decades and subsequent attacks, London has remained undaunted, says Eliot Wilson It was 8.49 am on Thursday 7 July 2005. The weather was unremarkable, edging towards 15℃, the skies partly cloudy. None of that was [...]
Rachel Reeves urged to rip up ring-fencing in banking growth push July 7, 2025 Rachel Reeves is facing renewed pressure to scrap the ring-fencing regime imposed on British banking giants in a bid to bolster the sector’s international competitiveness and bolster economic growth. The Chancellor has been lobbied by top banking chiefs to ditch the “redundant” 15-year-old legislation, which requires major banks to separate their retail banking operations from [...]