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 [...]
Chiltern Firehouse: Reopening date revealed after major fire October 6, 2025 A luxury London hotel popular with celebrities won’t reopen until April 2027 after a large fire earlier this year, it has been confirmed for the first time. Chiltern Firehouse in Chiltern Street, Marylebone, closed on 14 February after flames ripped through the Victorian four-storey building. The fire damaged parts of the ground floor, half of [...]
Tories vow to ease IR35 rules and cut red tape for small businesses October 6, 2025 Identification checks for small businesses would be eased under a new Tory pledge to slash red tape and allow entrepreneurs to open bank accounts at a quicker pace. Andrew Griffith, the shadow business secretary, will tell party members that the Tories would make growth among small businesses central to wider economic plans as they would [...]
EY: UK financial sector prioritises tech-savvy hires in AI era October 6, 2025 Over half of all of new non-executive directors appointed to British financial services companies over the past year have brought tech expertise, new research from big four accountancy giant EY has found. The figure, 52 per cent, shows a 16 per cent rise from the previous year, as AI continues to shift boardroom dynamics. While [...]
Autumn Budget: Another major NICs tax raid on the cards, economists warn October 6, 2025 Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have warned, as chancellor Rachel Reeves scrambles to plug a £30bn fiscal black hole. A combination of changes to the rules governing National Insurance Contributions (NICs) and income tax is set to rake in an extra £15bn in extra tax [...]
Mel Stride pledges sweeping tax cuts for businesses and young people October 6, 2025 Mel Stride has pledged to make sweeping tax cuts for businesses and young house buyers if the Tories are re-elected, in a speech talking up the party’s economic plans for the coming years. In a speech setting out the Tories’ commitment to keep public spending under control and lower costs for businesses, Stride accused Labour [...]