UK will launch sanctions against people smugglers, David Lammy to say January 9, 2025 The UK government is set to launch sanctions against people smugglers in a bid to disrupt irregular migration, David Lammy will announce. Ministers are launching a new sanctions regime designed to cripple the people smuggling crime rings and starve them of illicit finance fuelling their operations. Described as a world-first, it will aim to prevent, [...]
Rolls-Royce to invest £300m in Goodwood as buyers go bespoke January 8, 2025 Luxury car maker Rolls-Royce has announced a £300 million boost for its Goodwood headquarters. The investment represents the largest injection of capital since the West Sussex factory opened in 2003. Originally home to 300 staff, the Goodwood facility started out by building one car per day. Now more than 2,500 people work at the ‘Home [...]
Lloyd’s of London CEO John Neal set to join Aon January 8, 2025 Lloyd's of London chief executive officer John Neal is set to leave his position this year to join Aon
Investors ‘are losing confidence’ in the UK economy January 8, 2025 The yield on the benchmark 10-year gilt, which reflects the cost of borrowing, hit 4.78 per cent on Wednesday afternoon, a post-financial crisis high.
Civil servants to take indefinite industrial action after being ordered back to office January 8, 2025 Indefinite industrial action is to be taken by thousands of civil servants working at the Land Registry in a dispute over office attendance. Around 4,000 members of the Public and Commercial Services Union (PCS) based in 14 offices across England and Wales will take part in the action from 21 January. The union said its [...]
In defence of Starmer’s toboggan ride: Do we really want our Prime Minister to stand in line? January 8, 2025 Give Starmer a break, the leader of our country should absolute jump queues, writes former Downing Street comms chief Katie Perrior.
Pressure mounts as Bangladeshi authorities request Tulip Siddiq’s bank details January 7, 2025 Bangladesh’s anti-money laundering agency has demanded information on the bank accounts and transaction records of the UK’s City minister as part of a probe into allegations that her family embezzled billions from major infrastructure deals in Bangladesh. Tulip Siddiq, whose remit includes tackling corruption in business and finance, is accused by Bangladeshi authorities of having [...]
Majority of people want inheritance tax cut exclusive poll finds January 7, 2025 Research from Freshwater Strategy showed that 54 per cent of voters think the controversial tax should be set at a lower level.
A ‘painful sequel’ to the Budget may be coming, Deutsche Bank warns January 7, 2025 Businesses should brace for a “painful sequel to the autumn Budget” this year as lacklustre growth raises the threat of further tax hikes from Rachel Reeves, Deutsche Bank has warned. In a note to investors, the investment bank warned that growth was likely to slide below the Office for Budget Responsibility’s (OBR) projections in October [...]
WPP staff made to work from the office four days a week January 7, 2025 Staff at FTSE 100 ad giant WPP will be made to come into the office four days a week under a new policy announced to staff just weeks before it is set to lose its crown as the world’s largest advertising firm to Publicis. Boss Mark Read confirmed the policy change at the London-listed media [...]