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      Diesel crisis: UK minister holds emergency talks with US Energy Secretary

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  • Virgin Wines blames government for inflationary cost pressures

    October 22, 2025

    Virgin Wines has said most of its cost pressures this year have been driven by government policy, including an alcohol duty revamp and a bottle tax.  The online wine seller told markets that profit before tax dipped by five per cent to £1.6m in the 2025 financial year, despite flat revenue. CEO Jay Wright pointed [...]

  • Investment minister Jason Stockwood: I don’t want to be political

    October 22, 2025

    Jason Stockwood insists he hadn’t been angling for a plumb ministerial job before the call from Keir Starmer asking for him to be investment minister came six weeks ago. The serial entrepreneur – and Grimsby Town Football Club co-owner – had, instead, been “moaning” about the paucity of politicians with genuine business experience, when the [...]

  • Rachel Reeves plans another NIC tax raid at November Budget

    October 21, 2025

    Rachel Reeves is gearing up for another billion-pound raid on National Insurance Contributions (NICs) as the Chancellor finds ways to plug a huge fiscal black hole in November’s Budget. Reeves is understood to be drawing up plans to extend NICs taxes to include limited liability partnerships or LLPs, to whom the tax does not currently [...]

  • Rolex is London’s most stolen luxury watch, but few recovered by Met Police

    October 21, 2025

    Over 5,000 luxury watches have been stolen in London over the last three years, but barely one in 88 of these watches has been recovered by the Metropolitan Police. According to a Freedom of Information request seen by City AM, there have been 5,180 high-value watches, worth £3,000 or more, stolen between January 2022 and [...]

  • Spike in employer pension contributions could throw UK businesses into insolvency

    October 21, 2025

    Rumours over potential spikes to employer pension contributions in the upcoming Budget has thrown UK companies into a frenzy, with some admitting it could put them at risk of insolvency. According to research from consultancy Barnett Waddingham, nearly 20 per cent of businesses fear they could become insolvent if an increase to employer pension contributions [...]

  • Bodycare: Creditors to lose millions after retailer’s collapse

    October 21, 2025

    Bodycare owed more than £30m when it collapsed into administration with the loss of around 1,400 jobs, it has been revealed. The high street health and beauty retailer fell over in September with an initial 32 stores closed and around 450 employees being made redundant. That move was followed a few days later when it [...]

  • The top one per cent account for a third of tax revenue

    October 21, 2025

    The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24, it has been revealed.  According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised.  The top 100,000 paid £54.9bn and covered a [...]

  • Third of employers would hire young people if offered tax credits

    October 21, 2025

    Over a third of employers would hire more young people if they were offered tax credits, fresh research has found, amid reports the government is drawing up a plan to subsidise employment for under 24-year-olds.  Research by the Recruitment and Employment Confederation (REC) showed some 36 per cent of employers claiming they would offer role [...]

  • Waymo’s driverless taxi UK rollout puts legal system to the test

    October 21, 2025

    The UK is set to become the first European country to welcome Waymo’s driverless taxis but lawyers caution that current laws are fundamentally incompatible with the technology. Last week, Waymo announced its UK launch will start with a small fleet of human-supervised Jaguar I-PACE electric vehicles “in the coming weeks,” before moving to fully autonomous [...]

  • Padel Travel X and Oliver Wyman win at Evelyn Partners Padel Cup

    October 20, 2025

    A stellar line-up of City firms including EY, PwC and Clifford Chance, sporting royalty Michael Vaughan and Anthony Watson, and pro players turned out for the inaugural Evelyn Partners Padel Cup last week. Specialist tourism company Padel Travel X scooped the top prize, beating EY in the final of a keenly contested 16-team tournament at [...]

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