Rachel Reeves’ tax raid leads to thousands of job losses as wage growth cools July 17, 2025 Thousands of jobs were lost in June, official data has shown, putting the Bank of England under greater pressure to deal with the consequences of Chancellor Rachel Reeves’ £20bn tax raid at its next interest rates decision in August. Bank Governor Andrew Bailey has warned that “softening” in the labour market could force rate-setters to [...]
Future: Marie Claire owner stays on track as US ad market steadies July 17, 2025 Future PLC told the market on Thursday that it remains on course to meet full-year expectations after a steady third quarter, buoyed by signs of stabilisation in the UK advertising market and solid magazine performance. The FTSE 250 media group behind titles like TechRadar, Marie Claire and The Week said trading for the three months [...]
Does Rachel Reeves believe in capitalism? July 17, 2025 The Chancellor can’t do the biggest things she needs for growth because she can’t escape her own ideology, says Helen Thomas Spin only gets you so far in the business world. Action has to back up rhetoric or the game will be found out. This is the main difference between business and politics: the former [...]
Sticky inflation takes shine off Reeves’ week July 17, 2025 If the Chancellor was hoping to bask in the glow of supportive front-page coverage the morning after her Mansion House speech, she would have been disappointed. The spectacular revelations of Whitehall’s hushed-up cock-up over Afghan refugees knocked her off the top of the news agenda pretty much across the board. Only City AM gave her [...]
The Capitalist: slim pickings at Mansion House July 17, 2025 A slither of salmon at Mansion House, protein-packed ‘Super Plates’ at Pret and a self-appreciating AI. Catch up with all the latest gossip from the Square Mile with The Capitalist The Capitalist rubbed shoulders with the City’s great and good at Mansion House on Tuesday, where a decidedly upbeat Rachel Reeves told the assembled financiers [...]
Jamie Laing opens up about his mental health Journey as part of Leadenhall Live July 16, 2025 Reality TV star, entrepreneur, influencer and podcaster Jamie Laing opened up about his mental health journey as part of the Leadenhall Live events happening in the heart of the City. The Eastern City BID has partnered with some incredible organisations including The Leadenhall Building, CC Land and Savills to put on a celebration of culture, [...]
The NHS is in terminal decline – a social insurance model is the only cure July 16, 2025 Compared to similar countries, the NHS ranks second to last in terms of life expectancy, healthy life expectancy, and preventable and treatable mortality. There is a better way, says Ben Ramanauskas The NHS is not fit for purpose and is in urgent need of reform. That is the conclusion of a new report from Policy [...]
Co-op boss confirms data of all 6.5m members stolen July 16, 2025 The chief executive of Co-op has confirmed that the personal data of all its 6.5m members was stolen during a major cyber attack in April, marking one of the most widespread data breaches in UK retail history. Speaking publicly for the first time since the attack, Shirine Khoury-Haq said the breach had a “devastating” impact [...]
A UK captive insurance regime will make Britain more competitive July 16, 2025 The Chancellor used here Mansion House speech yesterday to announce that she is creating a new domestic framework for captive insurance, aiming to attract companies back from offshore financial hubs and reinforce Britain’s status as a global leader in the insurance industry, says Chris Lay Yesterday, as part of the UK Chancellor’s Mansion House speech, [...]
Swatch: Rachel Reeves’ tax hikes could see profit fall further July 16, 2025 Swiss watch brand Swatch has warned its UK profit could continue to shrink as a result of Chancellor Rachel Reeves’ tax hikes. The business has said the increase in employer’s National Insurance contributions – which were announced in October 2024 and came into effect in April this year – will increase operational costs. Swatch added [...]