Lawyers warn Reeves: Don’t destroy £60bn industry over LLPs gambit November 4, 2025 The legal industry has slammed Chancellor Rachel Reeves’ proposed tax hike on LLPs, saying the move “could harm one of the UK’s most globally competitive sectors.” As she aims to fill the fiscal black hole, Reeves is reportedly targeting limited liability partnerships (LLPs) for a tax raid for the first time. The LLP model, used [...]
Minimum wage hike puts pressure on professional starting salaries November 3, 2025 With Rachel Reeves poised to raise the minimum wage in her Autumn Budget, mid-tier professional services firms are bracing for significant impacts across the sector. As reported last week, the Budget will likely see employers forced to raise workers’ wages from £12.21 to at least £12.70 an hour. However, for businesses, especially those in the [...]
Fujitsu rakes in more public sector work after Post Office scandal October 30, 2025 The IT company at the heart of the Post Office scandal raked in nearly half a billion pounds in public sector contracts between 2024 and 2025, an increase on the previous year’s figure despite it having pledged not to bid for new government contracts. Fujitsu, whose faulty Horizon accounting system led to the wrongful convictions [...]
Labour faces setback as Lords boots back workers’ rights Bill October 29, 2025 The Employment Rights Bill failed to clear the final hurdle, as the House of Lords ping-ponged it back to MPs for further debate over disputed points, including the controversial granting of ‘day one’ rights. The highly contested Bill, which was a significant part of Labour’s manifesto, will see a major overhaul in the UK’s employment [...]
Tom Hayes sues UBS over Libor scandal October 28, 2025 Tom Hayes is suing his former employer UBS, alleging it handed him on a “silver platter” to white-collar crime prosecutors to safeguard the interests of the Swiss lender and its leadership. The former trader, who became the face of the Libor rate-rigging scandal when he was sentenced to nine years in a UK prison in [...]
Left-wing think tank urges Labour to amend Employment Rights Bill October 27, 2025 A left-leaning economics think tank that was the former workplace of Treasury ministers has called for a major change to be made to Labour’s flagship Employment Rights Bill in a last-ditch demand before workers’ rights are written into law. The Resolution Foundation, which was formerly led by Budget mastermind Torsten Bell, has called for a [...]
The compromising iPad photos that dragged a London quant trader to court October 25, 2025 It’s never easy moving jobs in the Square Mile – especially for the higher ups. Once you reach a certain seniority, your employer frets over the threat posed if you jump ship – what strategic information you could take with you. That was true for a London-based quant firm called G-Research, after one of its [...]
FTSE 100 Live: Natwest ups guidance, Retail sales rise October 24, 2025 Good morning from the City AM liveblog team. As we get closer and closer to the Budget, businesses are becoming more and more vocal on their concerns over what could be in store. Yesterday it was the turn of London estate agent Foxton’s, which warned of softened demand as a result of Budget uncertainty. “Macroeconomic [...]
Treasury’s LLP tax proposal could add £46,000 burden per partner October 23, 2025 Law firms’ partners could face an additional £1.4bn in tax each year if the Treasury goes ahead with imposing a 15 per cent rate of national insurance contributions on LLPs. According to data provided by HMRC to UHY Hacker Young, partners of law firms made a total of £9.2bn in profits in the latest year. [...]
Lawyers sound alarm over Rachel Reeves’ proposed tax target on LLPs October 22, 2025 The Chancellor is reportedly looking to target limited liability partnerships (LLPs) for a tax raid as she tries to fill the fiscal black hole, but critics warn that this move will have consequences for the professional services sector. The LLP model, used by professional services such as law firms, accountancy, and some doctors (GPs), came into force [...]