OECD: Labour is pushing UK inflation to second highest in G7 December 2, 2025 The UK is set to suffer the second highest level of inflation in the G7 over the next year as a result of the Labour government’s decisions to pile extra costs on businesses, the Organisation for Economic Co-operation and Development (OECD) has said as it also warned recent tax hikes will hit growth. In its [...]
Bank of England warns of rising global threat as lenders’ capital rules slashed December 2, 2025 The Bank of England has warned of increased global risks to financial stability, even as it slashed rules imposed on UK lenders dictating the amount of capital they must hold. The central bank said “risks to financial stability have increased during 2025”. “Global risks remain elevated and material uncertainty in the global macroeconomic outlook persists,” [...]
Businesses left ‘in limbo’ during Budget speculation as bosses feel bruised December 2, 2025 The UK’s private sector was left in a state of “limbo” amid months of Budget speculation leading to delayed investment plans, a leading survey has found, underscoring claims that the government misled the public and businesses over tax rises and fiscal constraints. The Confederation of British Industry (CBI)’s monthly private sector survey has revealed how [...]
Banks gear up for boost with loosening of capital rules December 1, 2025 UK banks are gearing up to supercharge the government’s growth agenda with reforms to lenders’ capital requirements set to unlock billions of free cash. The Bank of England is set to take the chop to rules around capital requirements, as part of a “fresh up” of rules in a six-month review to be published on [...]
Sokin Raises $50M Series B Following 100% Year-on-Year Growth December 1, 2025 Prysm Capital leads investment in the fast growing and profitable global business payments company, increasing Sokin’s valuation to $300 million The funding will accelerate global market expansion, strengthen financial infrastructure and enhance product capability globally
Revolut in new spat with regulators over Storonsky’s residency December 1, 2025 Revolut has been caught in a fresh row with UK watchdogs following the chief executive of the fintech juggernaut shifting his residency to the United Arab Emirates. Nik Storonsky, the boss of the London-headquartered digital bank, sparked waves of conversation after Companies House filings in October revealed the fintech chief had ditch his main residency [...]
UK economy set to cool as weak consumer confidence damages spending December 1, 2025 The UK economy is expected to cool in 2026, as the softening labour market and subdued consumer confidence caused a drop in household spending. The economy is set to slow 1.0 per cent next year, down from 1.4 per cent in 2025, according to the latest economic outlook from professional services firm KPMG. Meanwhile, unemployment [...]
FCA pressed to investigate Treasury over Budget briefings November 29, 2025 The Financial Conduct Authority has been urged to wade into the row between the Treasury and the Office for Budget Responsibility and investigate government briefings about a so-called £20bn fiscal hole. Scottish National Party leader Stephen Flynn urged the City regulator to investigate Reeves and other Downing Street officials over “deliberately false and misleading” briefings [...]
Business leaders fear more tax rises are on the way November 28, 2025 Businesses leaders are bracing for more tax rises even following another hefty cash raid from Rachel Reeves in her second Autumn Budget. Over two thirds of top bosses have said they fear business leaders will be targeted with more tax hikes even after the Chancellor raised taxes to the tune of £26bn on Wednesday. A [...]
On this day: The resignation of Margaret Thatcher November 28, 2025 On 28 November 1990, Margaret Thatcher left Downing Street for the last time, leaving the United Kingdom in a very,very much better state than when she came there, writes Eliot Wilson I doubt I am alone in remembering the day clearly, though I had only recently turned 13. Margaret Thatcher gave a short and emotional [...]