Week in Business: The tragedy of Labour’s tax addiction July 10, 2025 From the housing market to the stock exchange, some taxes need to be reformed or reduced - but this government only wants to hike rates.
UK’s financial services stronghold slips July 10, 2025 The UK’s position as a financial services leader has cracked as under-investment and staff reductions weigh on the sector. Nearly half of senior financial professionals believe the UK’s dominance is waning, research from the CRIF found. Over 40 per cent said they would no longer consider the country a global leader in the industry. Sara [...]
City of London Corporation calls for creation of investment hub July 10, 2025 The City of London Corporation has called for the creation of an “investment hub” for financial services in a bid to safeguard the Square Mile’s status as a world-leading financial centre. In a report developed in collaboration with the Treasury, the Corporation said the hub would unlock as much as £10bn in capital for growth [...]
Coe to help Manchester United secure land for new Old Trafford July 10, 2025 Lord Sebastian Coe has said he is “delighted” to be chairing the group that hopes to deliver Manchester United’s 100,000-seat new stadium. The club is looking to build a replacement for the iconic Old Trafford on land adjacent to the Theatre of Dreams in plans which, when completed, could see Manchester United host the 2035 [...]
Starmer urged to ‘be honest’ about tax plans as business confidence slumps July 10, 2025 Business confidence has slumped to a three-year low as a “cocktail of costs” including higher taxes and tariff threats pour cold water on Keir Starmer’s claims of rising corporate optimism. The prime minister told MPs on Wednesday afternoon that business confidence had hit a nine-year high, citing a recent Lloyds Business Barometer, which typically reveals [...]
The Bank of England is dying for data on private markets July 10, 2025 City Editor Simon Hunt on the stories that caught his eye this week Andrew Bailey’s svelte profile has attracted much City chatter the past year. Some say the guv’nor has a strict exercise regime to lose weight; skeptics reckon it’s Ozempic. Here’s my theory: Bailey is wearing so many different hats, the constant switch between [...]
French AI boss calls for youth mobility scheme July 9, 2025 The boss of one of France’s most successful tech start-ups has thrown her weight behind calls for a youth mobility scheme between the EU and UK, warning that Europe must have access to deep pools of talent to stand a chance of competing in the AI arms race. Eleonore Crespo, co-founder of business planning unicorn [...]
Regulators, mount up: FCA taking on City AM Triathlon Team Challenge July 9, 2025 They’re used to tracking them in their day jobs but next month the FCA will be hunting the Square Mile’s finest in water, by bike and on foot when they take part in the City AM Triathlon Team Challenge at the London T100. The financial services watchdog is entering no fewer than five teams in [...]
Bank of England warns on market impact of Trump tariffs July 9, 2025 The Bank of England has warned the UK could be particularly affected by further shocks to markets as a result of being “an open economy with a large financial sector”. The Bank’s Financial Policy Committee (FPC) warned that while bond markets had deteriorated, they could be in a worse position if President Trump followed through [...]
How M&A dealmakers can ride out geopolitical storms July 9, 2025 Periods of political upheaval – while disruptive – can offer major opportunities in M&A as long as bold dealmakers adapt their strategies, says Dr Valeriya Vitkova Was Trotsky right after all? Since the double whammy of Brexit and the first Trump election victory in 2016, much of the developed world and its politicians, businesses and [...]