Andrew Bailey cautions banks against issuing their own stablecoins July 14, 2025 The governor of the Bank of England has cautioned against banks issuing their own stablecoins in marked contrast to a more bullish attitude to the technology in the US. Andrew Bailey said the moves by banks to launch their own stablecoins, a kind of cryptocurrency backed by assets such as the dollar, did not offer [...]
HMRC under pressure as underpaid tax by US firms surges July 14, 2025 The UK’s tax collector is under pressure amid a surge in underpaid tax by US companies. HMRC suspects as much as £8.8bn in tax was underpaid by US companies in the previous tax year, a jump of 57 per cent compared to the previous year, according to figures obtained by accounting firm UHY Hacker Young. [...]
What the City needs from Rachel Reeves’s Mansion House speech July 14, 2025 Ahead of Rachel Reeves's Mansion House speech, Lord Mayor Alastair King outlines what the City needs to hear from the Chancellor.
Rachel Reeves’ concierge service aimed at luring investors July 12, 2025 Chancellor Rachel Reeves is expected to launch a “concierge service” for wealthy individuals as part of an effort to lure investors to expand in the UK. During electoral campaigns, Labour hopefuls said they would put wealth creation at the heart of their mission in government. Now Rachel Reeves is set to provide advice to foreign [...]
Labour’s pre-loved tech charter won’t fix the UK’s digital divide, say experts July 11, 2025 The UK government’s new ‘IT reuse for good’ charter has drawn corporate backing, and a chorus of applause from Whitehall to Vodafone HQ for tackling major issues of digital exclusion and electronic waste. But donating devices is not a digital inclusion strategy – and certainly not enough to fix a broken, unequal system. The charter, [...]
Corporate retreat from DEI isn’t smart, it’s wimpish July 11, 2025 Brands retreating from DEI in a bid not to offend anybody will soon find themselves irrelevant, writes Jack Richards.
Flutter market cap hits $51bn after latest FanDuel acquisition July 11, 2025 Sportsbook operator FanDuel is set for a $31bn valuation after Flutter Entertainment struck an agreement to take complete control. The Irish-American gambling firm reached terms with Boyd Gaming to acquire the five per cent of FanDuel it does not already own. The deal will see the final five per cent be transferred to Flutter Entertainment [...]
London claims number two spot in global ranking of AI hubs July 11, 2025 London has claimed the number two spot in a new global ranking of tech talent hubs, second only to San Francisco, as the capital continues to ride the wave of AI innovation. However, behind the headlines, the race for digital skills is intensifying, and the UK still faces significant challenges if it wants to maintain [...]
Nvidia and Bitcoin dodge Trump’s tech tariff effects July 10, 2025 Two of the world’s most-watched assets – Nvidia and Bitcoin – have surged to fresh highs this week, defying growing uncertainty around president Trump’s latest wave of tariff threats aimed squarely at the tech industry. Nvidia on Wednesday became the world’s first company to hit a $4tr (£2.9tr) valuation, cementing its role as the bellwether [...]
Everything In The Garden Is Rosy! July 10, 2025 Eastern City Business Improvement District Partners With City Of London Corporation To Launch Jubilee Gardens A green gem in the heart of the City was this week unveiled at the official opening of the newly reimagined Jubilee Gardens. The Eastern City BID partnered with the City of London Corporation to transform this once uninviting and [...]