When it comes to work, Britain has an attitude problem October 8, 2025 It's not rocket science that more growth requires more workers, so why is our government burying its head in the sand, asks Emma Revell.
FCA orders lenders to pay £11bn in motor finance compensation October 7, 2025 The Financial Conduct Authority (FCA) has announced that it expects lenders to make 14.2 million payouts to individuals affected by unfair motor finance agreements, totalling around £11bn in compensation. The FCA estimates people would receive around £700 per agreement, on average. It has also been calculated that around 85 per cent of eligible consumers would [...]
Square Mile darling Farmer J bags $23m funding to take on New York October 7, 2025 London’s fast-casual darling Farmer J is heading across the pond after securing a $23m (£17.5m) funding round to launch its first New York flagship later this year, City AM can reveal. The investment, led by existing backer Beringea and joined by a new global hospitality investor, will also fuel three additional London openings before year-end, [...]
Mel Stride: I would raise income tax in Rachel Reeves’ position October 7, 2025 Shadow Chancellor Mel Stride has said he would raise income taxes if he were in Rachel Reeves’ position, facing a £30bn black hole in the public finances. Speaking at a fringe event at the Tory party conference in Manchester, Stride said raising income taxes was the “cleanest” tax hike option available. His comments will likely [...]
Tech and talent at risk as Reeves eyes tax hikes in November budget October 7, 2025 Britain’s tech sector is bracing for impact as fears grow that Labour’s upcoming Budget could drive investors, and their capital, out of the country. Brent Hoberman, co-founder of Lastminute.com and a prominent supporter of UK start-ups through Founders Forum and Firstminute Capital, warned that venture capital (VC) funds are actively considering relocation to Europe if [...]
Stokes and Archer in $4.5m raise for Indian medical treatment firm October 7, 2025 England cricketers Ben Stokes and Jofra Archer have taken part of a $4.5m raise for a company that will offer UK patients medical treatments in India. The duo will join India’s KL Rahul through their 4Cast vehicle, as well as lead investor Nexus Venture Partners, in investing in The Medical Travel Company, which claims to [...]
House prices fall amid pre-Budget jitters October 7, 2025 House prices fell last month, a leading price index has suggested, a warning that house buyers and sellers are nervy ahead of a potential tax raid on property. Halifax’s house price index suggested house prices dropped by 0.3 per cent on the month, putting the average property cost at £298,184. The annual rate of growth [...]
LEVC: London electric taxi company loses £180m October 7, 2025 LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, has reported a pre-tax loss of £179.4m, according to new accounts filed with Companies House. The business, which is owned by Chinese automotive [...]
Unlock pension funds to power up UK infrastructure October 7, 2025 Unlocking capital from pension funds could power up our infrastructure while also providing better returns for customers, writes Mike Eakins.
Autumn Budget: Why are banks in Rachel Reeves’ tax crosshairs? October 7, 2025 The “pass the parcel” of Budget speculation has fallen back into the lap of the banking industry with the nation’s top lenders finding themselves as a potential subject of a November cash grab. Fresh reports have indicated Rachel Reeves is actively considering a raid on Britain’s banking giants – even as she continues to make [...]