Don’t exempt Indian workers from NI, abolish it altogether May 8, 2025 The row over Indian visas is really a sign of how misleading and poorly-understood the tax system is, says John Oxley The row over National Insurance exemptions for Indian workers shows the difficulty the government has in balancing trade deals with concerns about immigration. It also points to the confusions which abound around National Insurance [...]
Mark Kleinman: This is not just any retail cyber attack… May 8, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column This is not just any retail cyber attack… It’s hardly an exclusive club these days: a big listed company is the victim of a major cyber attack, compromising its systems and ability to continue serving customers. [...]
Rachel Reeves to blame for UK’s economic uncertainty, report says May 7, 2025 Responsibility for the UK’s sluggish growth prospects should lie squarely with Rachel Reeves’ fiscal policy, Britain’s oldest independent economics research institute has said, as it warned tax rises left the economy in a “risky and vulnerable position.” A report by the National Institute of Economic and Social Research pinned the economic uncertainty harming business confidence [...]
Andy Haldane: Government’s bid to cut red tape ‘has little chance of success’ May 7, 2025 The government’s call for regulators to slash red tape “has little chance of success” unless watchdogs’ mandates are changed in law, according to the Bank of England’s former Chief Economist Andy Haldane. Speaking at the City AM Awards in London’s Guildhall, Haldane criticised the government’s policy of seeking regulatory reform “via exhortation and press release” [...]
Network Rail faces extra £213m National Insurance hit May 7, 2025 Network Rail will take an additional £213m hit over the next few years from the National Insurance tax hikes announced in Rachel Reeves’ Autumn Budget, it has been revealed. The figure marks a 16 per cent increase on a previously expected payout of £1.26bn over the remaining four years of its current financial control period. [...]
UK construction crumbles in April as ‘bumpy ride’ continues May 7, 2025 UK construction endured another month of collapsing output in April, new research has suggested, in signs that a turnaround in the sector is still distant. The sector has now seen a decline in output over four consecutive months, according to S&P Global’s newest purchasing managers’ index (PMI). Civil engineering remained the weakest area of construction [...]
Global Insurtech funding jumps as industry doubles down on AI May 7, 2025 According to Gallagher Re’s latest Global Insurtech Report, the global insurance tech industry has reached a new stage of maturity and growth after a decade of uncertainty. This report, the first in the 2025 series, is a collaboration between Gallagher Re, Gallagher, and CB Insights. The report defined 2024 as a year of contrasts, likening [...]
What a trade deal with India means for the UK May 7, 2025 The UK government is heralding a “new era” for British business: after three years of negotiations, a free trade agreement has been signed with India. This is the third agreement the UK has brokered since Brexit and it is also the biggest of them all, given India is the largest single economy that the UK [...]
The Debate: Does the UK need tougher cybersecurity laws? May 7, 2025 In the wake of a wave of major cyber attacks, is it time for the UK to get tougher on cybersecurity? We get two experts to hash it out.
Revealed: The 2025 City AM Awards Winners May 7, 2025 The winners of the 2025 City AM Awards were unveiled at a glittering ceremony in the heart of the Square Mile last night in front of 500 guests. The gongs were handed out on stage in the Guildhall, following a speech from former Bank of England Chief Economist Andy Haldane. City AM Editor-in-Chief, Christian May, [...]