One in eight high earners with no inheritance ‘trapped by financial outgoings’ July 27, 2025 One in eight (12 per cent) people with a salary over £100,000, but with no parental wealth to fall back on, feel “trapped” by their current financial commitments, a survey has found. More than two-fifths (44 per cent) do not feel that they are able to comfortably meet their financial commitments each month, according to [...]
Labour to introduce new licensing rules to boost high street venues July 26, 2025 The Labour government has pledged to simplify the opening process for new high street venues in a bid to ramp up British hospitality prospects. Chancellor Rachel Reeves has said new licensing framework, which comes as part of Labour’s overhaul on planning, plans to fast-track permissions for al fresco dining, helping to “protect pavement pints”. The [...]
Fan travel surges ahead of Lionesses’ Euros final July 25, 2025 England’s journey to the Women’s Euro 2025 final is not only energising the nation – it’s powering a sharp uptick in travel bookings, with fans preparing to cross Europe to cheer on the Lionesses. Trainline, Europe’s leading train ticketing app, has reported a 27 per cent surge in UK bookings to Basel, Switzerland, since the [...]
UK-India trade deal will be major boost for financial services July 25, 2025 Yesterday, as the UK-India Free Trade Agreement was signed, it marked a landmark moment forBritain’s financial services sector. Not only is this the government delivering a trade deal that was talked about for many years butnever happened – it is delivering a real strategic partnership with the world’s fastest-growing majoreconomy. It’s an agreement that perfectly [...]
Here’s what private equity and venture capital need from Rachel Reeves July 25, 2025 Changes to carried interest, non-doms and wealth tax rumours are putting investors under pressure. Time for Rachel Reeves to adopt a more pragmatic, pro-growth approach, says Michael Moore In her October Party Conference speech, the Chancellor Rachel Reeves declared that ‘If growth is the challenge, investment is the solution’. She is right. The Chancellor has [...]
UK and India sign £6bn trade deal July 24, 2025 Keir Starmer and his Indian counterpart Narendra Modi have signed a trade deal worth an estimated £6bn, with the UK Prime Minister hailing the landmark agreement a “historic day” for Britain and India. The trade pact – the result of over three years of negotiations – will see tariffs on the whisky and cars that [...]
UK insurance sector calls for more adverse weather protection July 24, 2025 The UK insurance sector has called for more adverse weather protection as a “challenging new era” places increasing pressure on insurers. In the first quarter of 2025, British insurers paid out a record high of £226m in weather-related claims, surpassing the previously held record of £67m in 2022. Industry paid an eye-watering £585m for weather-related [...]
Swatch moves London headquarters to new Canary Wharf office space July 24, 2025 Swatch has signed a five-year lease for 9,500 sq ft of office space in a multi-purpose office building in Canary Wharf. The watches and jewellery manufacturer will move its London headquarters from Dockside Road to Docklands site Sierra Quebec Bravo (SQB). Swatch did not respond to a request for comment and did not disclose the [...]
UK sees ‘small burst’ in hiring in sign of growth July 24, 2025 The UK labour market saw a “small burst” in demand for jobs in June but postings remain below levels seen last year, fresh data has found, with brutal tax rises introduced in April by Chancellor Rachel Reeves weighing on employers. In new jobs figures published by the Recruitment and Employment Confederation (REC) and Lightcast, the [...]
Caroline Wayman: How I got through tough times at the Financial Ombudsman July 24, 2025 We dig into the memory bank of the City's top brass. Today, Caroline Wayman tells us how she got through tough times as head of the Financial Ombudsman.