Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
KBRA Assigns Preliminary Ratings to Cheshire 2021-1 PLC November 21, 2025 KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by Cheshire 2021-1 PLC (Cheshire Refinance), a static RMBS securitisation backed by a non-conforming portfolio of performing and reperforming mortgage loans. Cheshire Refinance will be a refinancing of the original Cheshire 2021-1 PLC transaction, which closed in September 2021 (50.7% of the portfolio) [...]
TSB’s profit soars ahead of Santander takeover November 13, 2025 Profit at high street unit TSB Bank soared in the third quarter as the lender readied the ground for its blockbuster takeover by Santander. The bank’s pre-tax profit hit £271m for the first nine months of the year – a 38.2 per cent jump from the same period in 2024. It came as the bank [...]
Autumn Budget: Reeves must cure British ‘pessimism’ disease November 5, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of Peel Hunt urges Reeves to use the Budget to start the cure for British pessimism. As Rachel Reeves ruminates over which tax prescription to write to fill her fiscal black hole, [...]
Rachel Reeves’ banking reforms ‘unlikely to be transformative’ November 3, 2025 Rachel Reeves’ financial services growth mission faces a major blow with top City voices warning her regulatory reforms won’t be transformative. The Chancellor unveiled her Leeds Reform package intended to “rewire the financial services industry” in July this year. Whilst the moves were cheered by industry bigwigs, analysts have raised concerns the changes will fail [...]
Experian to include rent payments in credit scores November 3, 2025 FTSE 100 giant Experian has announced plans to include rental payments in a major revamp of the formation of credit scores. The agency said it was overhauling its scoring system to better reflect “more of the everyday financial behaviours that matter” which included things “like paying rent or reducing overdraft use”. It follows a warning [...]
Reeves urged to fix Britain’s ‘broken credit system’ that’s failing millions of renters November 3, 2025 A coalition of MPs, lenders, fintechs and charities have urged Rachel Reeves to fix the UK’s “broken credit system”, warning that millions of renters are being locked out of home ownership. The Financial Freedom for Everyone campaign, which includes The Money Charity and Clear Score, sent an open letter to Chancellor Rachel Reeves’, calling on [...]
Motor finance, Madoff fraud, tax fears – bank shares defy the noise October 31, 2025 A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]
Will the Autumn Budget push up inflation? October 30, 2025 For a few weeks, there was one thing Rachel Reeves appeared to speak about more than anything else: inflation. Earlier this month, the Office for National Statistics (ONS) confirmed inflation hit 3.8 per cent in the year to September, nearly double the Bank of England’s target rate. The IMF and the OECD said the UK [...]
Goldman Sachs’ Solomon plays down private credit fears October 29, 2025 Top Wall Street executives have downplayed the likelihood of a private credit downturn sparking a wider economic crisis, despite a string of major lenders setting aside billions of dollars to manage potential defaults on their balance sheets. Goldman Sachs boss David Solomon dismissed the growing chorus of voices warning that tremors in the private credit [...]