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  • Inheritance tax receipts soar to all-time high 

    Personal Finance

    Inheritance tax receipts soared to a record high over the last financial year as Labour’s targeting of property owners helped fund sweeping spending increases.  Official data on Thursday morning showed that annual inheritance tax receipts rose to £8.5bn in the year between 2025 and 2026. This compared to total receipts of £8.3bn in the previous [...]

    Tax Trap: Another 74,000 taxpayers were added to the punitive £100,000-£125,000 income bracket during the 2024/25 tax year
  • Eight London sites raided in peer-to-peer crypto trading bust

    Legal

    The City watchdogs, working with HMRC and the Regional Organised Crime Unit, have carried out the first crackdown on illegal crypto trading across multiple London locations. The enforcement targeted eight premises in London suspected of illegal peer-to-peer crypto trading by the Financial Conduct Authority (FCA). The traders were issued cease-and-desist letters at each site, notifying [...]

    The FCA launched a consultation on the regime for hedge funds and alternative investment managers.
  • FCA crypto U-turn – everything retail investors need to know

    Partner

    After banning crypto Exchange-Traded Notes (ETNs) for retail customers in January 2021, the Financial Conduct Authority (FCA) reversed its position in October 2025, meaning retail investors can once again purchase exchange-listed crypto instruments, such as ETNs. According to FCA research, conducted in conjunction with YouGov, 91 per cent of UK consumers are aware of cryptoassets. [...]

    An all-party parliamentary group said on Tuesday that the FCA's treatment of both internal and external whistleblowers was “alarming”.
  • A post-midterms, lame-duck Trump could be the most dangerous yet

    April 21, 2026

    Trump is obsessed with sealing his legacy by any means. The next two years will probably be Trump's most violent yet, writes Michael Martins.

  • ‘Concerned but not surprised’: Three-quarters of UK landlords and sole traders miss digital tax launch

    April 18, 2026

    Only a quarter of sole traders and landlord who need to sign up for the UK’s new digital tax system have done so, despite the scheme already having come into effect this month. From 6 April, anyone who earned more than £50,000 in the 2024/25 tax year from property or self-employment income was required to [...]

  • From Jaffa Cakes to National Insurance: How to fix Britain’s mad tax system – according to the experts

    April 14, 2026

    In its latest report, the OECD scolded the UK for its illogical and growth-impeding tax system. Ali Lyon speaks to five tax experts to work out how to fix it. Potato crisps and their corn chip cousins are – as indulgent savoury snacks go – undeniably similar. They taste alike and are a similar size. [...]

  • FTSE 100 Live: Stocks uneven as Trump’s Strait of Hormuz blockade begins

    April 14, 2026

    Good morning and welcome back to the City AM liveblog. Markets were rocked yesterday by the US’ blockade of the Strait of Hormuz, adding a new layer of tensions to the weeks-long conflict in the Middle East. Vice-President JD Vance has accused the Iranian government of engaging in an “act of economic terrorism” through its [...]

  • Farage fronts £2m bitcoin purchase despite price tumble 

    April 13, 2026

    Reform UK’s Nigel Farage has fronted a £2m purchase of bitcoin by the Kwasi Kwarteng-led crypto company Stack BTC despite the cryptocurrency’s price tumbling over recent months.  Farage was filmed in a promotional video for the crypto reserves firm buying around £2m of Bitcoin, with the business stating that the political leader was the first [...]

  • Thousands of taxpayers to miss out on rebate as HMRC still sending cheques

    April 13, 2026

    Thousands of Brits are missing out on collecting their tax rebates after failing to cash in cheques sent to them by HMRC. According to an FOI from the i paper, the department issued 1,746,720 cheques last year, but 178,180 were never cashed. The cheques had a combined value of £144m, meaning taxpayers who failed to [...]

  • OECD tells Reeves to reform ‘inefficient’ UK tax system

    April 10, 2026

    Top economists have urged Chancellor Rachel Reeves to launch a sweeping review of the UK tax system in order to improve growth prospects and boost investment.  Researchers at the OECD – Organisation for Economic Co-operation and Development for long –said the UK economy suffered from distortions in its tax system as well as loopholes exploited [...]

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