Banking watchdog launches deregulation push as tax fears grow September 22, 2025 Britain’s banking watchdog has laid out plans to slash regulation across the industry in a bid to sweeten the sector’s operating environment. In fresh proposals hoping to cut the red tape on the sector, the PRA identified 37 “individual reporting templates” which have “overlapping and complex requirements” in a bid to ease the administrative cost [...]
Natwest and HSBC shares dip as bank tax chatter heats up September 22, 2025 Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain’s banking giants. Natwest tumbled as much as 1.3 per cent to 506p when markets opened, while HSBC fell 0.6 per cent to 1,022p. Barclays fell nearly 0.2 per cent to 381p. Lloyds was broadly flat [...]
End of Trump’s state visit is no time for Britain to relax September 22, 2025 Donald Trump’s state seemed a success and brought inward investment with it, but steel tariffs are still on the table and political chaos reigns at home, says Eliot Wilson The Eagle has flown. President Donald Trump undertook his unprecedented second state visit to the United Kingdom last week – unprecedented for a US president, anyway, [...]
Without the right tax framework, UK will drive wealth creators away September 22, 2025 Lord Mayor Alastair King will welcome leading family offices to Mansion House this week to explore how Britain can channel its £3.9 trillion in investment assets into scaling businesses, upgrading infrastructure, and keeping the UK globally competitive. Later this week, I will welcome leading family offices from across the globe to the first ever Global Family [...]
City asked to contribute £120m Rachel Reeves’ stock market push September 22, 2025 Rachel Reeves’ major advertising push to re-invigorate the London market is expected to cost the City £120m, new documents have revealed. The campaign, which is being led by the Investment Association, was announced as part of Reeves’ Mansion House package where the Chancellor made her pro-business plea to the City. But smaller financial services firms [...]
KPMG: UK taxes to rise steadily to combat mounting public spending pressures September 22, 2025 The UK government faces tough tax choices in the years ahead with mounting public spending pressures versus sluggish economic growth, according to new forecasts. Economists for KPMG said it had been an unexpectedly strong start to 2025 but the second half was looking more uncertain. The accountancy giant is forecasting UK gross domestic product (GDP) [...]
Young Brits have become an unlikely driving force for Buzz Bingo September 22, 2025 Over half of Buzz Bingo’s new members in the last year have been under 35. It’s a remarkable statistic for a game generally portrayed as the home of older generations; one memorable Simpsons episode features a 4pm nap time for its group of elderly players. But that’s no longer reflective of the game in 2025: [...]
‘Cash cow’ inheritance tax receipts edge higher as further changes loom September 19, 2025 Inheritance tax (IHT) receipts are on course for a record breaking year, as an increasing number of Brits brace themselves for further potential tax changes. According to the latest HMRC data, IHT receipts hit £3.7bn in the first five months of the 2025/26 tax year, continuing their two decade long upward trend. This is also [...]
‘Staggering’ – Public sector borrowing in August jumps to highest in five years September 19, 2025 Public sector borrowing in August has jumped to its highest level in five years, raising fears of huge tax hikes in the autumn to balance the books. Borrowing – the difference between total public sector spending and income – was £18bn in August 2025, £3.5bn more than last year and the highest since 2020, when [...]
Interest rates could fall to three per cent – City AM Shadow MPC September 18, 2025 Interest rates could fall as low as three per cent, according to a group of economists in City AM‘s Shadow Monetary Policy Committee (MPC), but a rocky year for the UK economy could keep borrowing costs high. The Bank of England voted to hold interest rates on Thursday at four per cent due to sticky [...]