Over 3000 phones marked thanks to the City Business Improvement Districts September 8, 2025 Free phone marking sessions run by the five City of London Business Improvement Districts, in partnership with the City of London Police, has resulted in more than 3000 phones marked to help combat the increase in mobile phone theft. Various pop-up events took place across the city from June until August, where people had discreet [...]
Meet the new City minister September 8, 2025 Lucy Rigby KC MP takes over responsibility for financial services policy but who is the ex Slaughter & May minister? Who is the new City Minister? “I specialised in competition law and spent time in the City, at the regulator and at Which?, which gave me particular insight into how markets and regulation work – [...]
Labour deputy leader hopeful slams Rachel Reeves’ ‘excessive deference’ to OBR September 8, 2025 The prominent backbencher and former transport secretary Louise Haigh, who is a frontrunner to become the deputy leader of the Labour Party, has taken aim at Chancellor Rachel Reeves’ “excessive deference” to the Office for Budget Responsibility (OBR) and adhering to “arbitrary fiscal targets”. Senior officials in the Labour Party are set to agree on [...]
Will Trump trip up Nigel Farage? September 8, 2025 Nigel Farage’s open admiration for Donald Trump may boost his profile abroad but risks alienating British voters, for whom Trump remains deeply unpopular, says Eliot Wilson If it is true that there’s no such thing as bad publicity, then Nigel Farage can mark last week down as an unalloyed success. He travelled to Washington DC [...]
Challenger banks face ‘profitability trap’ at growth crossroads September 8, 2025 The UK banking sector faces a profitability roadblock that will give the industry’s challengers an “existential” turning point. Fresh data from KPMG suggests the industry’s average return on equity will fall to eight per cent come 2027 down from 13 per cent four years prior. This is set to spark an £11bn reduction in pre-tax [...]
UK should be the destination of choice for Asia-based investors September 8, 2025 A new sun is rising in our relationship with our Asian partners. My message to them is clear: whatever you want to do, London can help you, writes Alastair King.
London hiring slumps as employers suffer from rising costs September 8, 2025 London hiring has continued its steep decline as employers suffer the consequences of Reeves’ tax raid and rising costs. The latest jobs report from KPMG and the REC showed demand for workers in the capital has “continued to deteriorate” with both permanent placements and temp billings slumping further. Permanent staff places, hires with no fixed [...]
PM ‘to move asylum seekers into barracks’ after Home Office shake-up September 7, 2025 Shabana Mahmood is expected to unveil plans to move asylum seekers from hotels into military barracks as the Government seeks to harden its immigration policy amid rising numbers of crossings in the Channel. The newly appointed Home Secretary is reportedly set to announce the use of Ministry of Defence sites to house people after a [...]
Cabinet reshuffle: Lucy Rigby replaces Emma Reynolds as City minister September 6, 2025 Former solicitor general Lucy Rigby has been made Economic Secretary to the Treasury, a role often called the City minister, in the latest development in Starmer’s reshuffle. Rigby replaces Emma Reynolds, a former City lobbyist who had held the role since last July but who has now become environment secretary. In a post on X, Rigby said she was [...]
Farage rows back on pledge to stop small boats within fortnight of election win September 6, 2025 Nigel Farage has rowed back on a pledge he made to the party’s conference to stop small boat crossings within two weeks of taking office. The Reform UK leader had told an audience at the NEC in Birmingham on Friday it would take a fortnight of him entering Downing Street to halt arrivals, if he [...]