HSBC cuts more investment bank roles in latest European retreat May 27, 2025 HSBC has reportedly given more than two dozen analysts in its investment banking division the chop as the bank’s boss presses on with his sweeping overhaul. The firm’s cuts primarily focused on Europe, where the lender has continuously signalled a winding down of operations. The banking juggernaut slashed ten per cent of its work force [...]
HMRC crackdown on R&D tax fraud sees probes into 33 football clubs May 27, 2025 HMRC has opened investigations into several professional football clubs over concerns that they may have exploited a tax relief scheme
UK is officially the work from home capital of Europe May 27, 2025 Brits work from home more than any other country in Europe, in an indication that corporate return-to-office campaigns have not yet ushered workers back into the office en masse. UK white-collar employees average 1.8 days a week WFH, compared to a global tally of 1.3 days, according to new research by King’s College London (KCL). [...]
Farage unveils Reform UK’s new economic policies May 27, 2025 Reform UK leader Nigel Farage has unveiled a tranche of policies aimed at increasing birth rates in the UK, cutting down on government spending, and reinstating welfare policies as he seeks to capitalise on the party’s popularity. The new policies are part of a wider push from the party to present themselves as “the party [...]
The death of deep thinking: What generative AI is doing to your future team May 27, 2025 AI is reshaping education at a structural level, but the implications are beginning to show beyond lecture halls. Tools like ChatGPT become embedded in academic routines, students are increasingly outsourcing the work of ideation, synthesis and long-form writing to machines. What used to be learned slowly, through the hard graft of writing and revising, is [...]
Happy Cost of Rent Day Londoners – for the rest of the year your money is yours May 27, 2025 With the average London tenant needing to work 146 days a year just to pay off their rent, today marks a miserable milestone, writes Sebastian Charleton.
Was Rayner’s leaked memo an early play for party leader? May 26, 2025 Rayner's 'leaked' memo was a reminder that she is cut from different stuff than our iron Chancellor, but was it strategic, asks Eliot Wilson.
Labour’s immigration rules will make it harder for tech to recruit May 26, 2025 To retain the excellence of London's tech sector, it must remain open to the world. Labour's immigration rules risk derailing that, writes Chris Hayward.
Broadcaster and former BBC executive Alan Yentob dies aged 78 May 25, 2025 Former BBC executive and TV presenter Alan Yentob has died at the age of 78, his family has announced. Yentob joined the BBC as a trainee in 1968 and held positions as controller of BBC One and BBC Two, director of television, head of music and arts, as well as the director of BBC drama, [...]
South Western becomes first rail service renationalised under Labour May 25, 2025 The government’s renationalisation of rail services has started as trains operated by South Western Railway (SWR) were taken into public control. Transport Secretary Heidi Alexander, who travelled on the first renationalised departure from London Waterloo, said it was “a new dawn for our railways”. SWR was previously owned by Firstgroup and MTR Corporation, but is [...]