Starling Bank eyes £4bn valuation in secondary share sale September 10, 2025 UK fintech Starling is eyeing a valuation of £4bn in a new secondary share sale. The digital lender is in talks with Morgan Stanley and Rothschild to run the sale process, which the firm is hoping could help it net a valuation between £3.5bn and £4bn. The sale – the first since the group’s valuation [...]
Salford Red Devils owners accused of using fraudulent bank documents September 10, 2025 Super League team Salford Red Devils’ owners have been accused of trying to buy their £14m stadium using fraudulent bank documents. The club, who share the Salford Community Stadium with Prem Rugby club Sale Sharks, have been embroiled in financial chaos for much of the season. Isiosaia Kailahi and Curtiz Brown took charge of the [...]
David Beckham’s former esports team owes millions after closure September 10, 2025 Creditors of an esports company initially backed by David Beckham are set to be left out of pocket to the tune of more than £2m after the firm went out of business. Guild Esports, which owns a multi-story gaming venue in Shoreditch, officially entered voluntary liquidation earlier this month after first being put up for [...]
Rayner scandal piles pressure on HMRC as tax surveillance force swells September 9, 2025 HMRC has increased the number of staff trained to physically monitor suspected tax evaders, as pressure mounts over Angela Rayner’s £40,000 stamp duty scandal. Official figures, obtained via Freedom of Information (FOI) and shared with City AM, show that 337 staff are now trained in covert surveillance, up from 171 people two years ago, in [...]
Custom House hotel redevelopment gets green light September 9, 2025 The restoration and conversion of Custom House has been approved by the City of London corporation after sitting empty for four years. The Grade 1-listed building on Lower Thames Street will be turned into a new 179-room hotel, opening up the historic building to the public for the first time. The site will feature a [...]
Uber’s UK arm warns on profit amid rising costs September 5, 2025 Uber has warned it may not remain profitable in the UK because of rising costs despite its revenue surging by more than £1bn during its latest financial year. The US giant has said it will need to generate and sustain increased revenue levels while lowering proportionate expenses in the coming years “to achieve profitability in [...]
Rayner’s lawyers: ‘We are being made scapegoats’ September 4, 2025 The law firm used by under-fire Angela Rayner for the purchase of an £800,000 flat in Hove say that they have been made “scapegoats” and did not give the Deputy Prime Minister any tax advice. In a statement issued to The Telegraph, Joanna Verrico, managing director of the family-run firm, said that their procedure is [...]
HMRC names barrister in tax avoidance list for first time September 4, 2025 In an unprecedented move, HMRC has added a practising barrister, identified as the ‘designer’ of a tax avoidance scheme, to its list of tax avoidance promoters. Tax barrister Setu Kamal, with 20 years of experience, stands accused of designing four tax avoidance schemes and producing the contract templates crucial to their operation. Those schemes were [...]
Clock ticking on Making Tax Digital as HMRC struggles to win over SMEs September 4, 2025 With six months until nearly 800,000 self-employed people and landlords join Making Tax Digital (MTD) for income tax, HMRC is intensifying efforts to get more taxpayers to test the system. But the numbers so far paint a sobering picture of the challenge ahead for the agency. Data revealed that 2,400 users have joined HMRC’s beta [...]
If Rayner survives she’ll be much diminished September 4, 2025 Politically, this is fish in a barrel stuff. If you’re on the record saying that “every pound of tax that’s not delivered to the Chancellor of the Exchequer means that it damages our public services” [sic] and you’ve taken aim at your political opponents by claiming that “it’s one rule for them and one rule [...]