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 [...]
Shadow business secretary slams Uber Eats for migrant comments September 6, 2025 Shadow Business Secretary Andrew Griffith has hit out at Uber Eats for saying that a crackdown on illegal migration will cause takeaway prices to rise. Takeaway apps have become a route for undocumented workers to earn a living in the UK, with illegal workers drawn to the industry by historically limited right to work checks. [...]
Poppy Gustafsson resigns as investment minister September 5, 2025 UK investment minister Baroness Poppy Gustafsson is stepping down less than a year after the former boss of cyber security firm Darktrace was appointed to the role by Prime Minister Keir Starmer. Gustafsson is understood to be leaving to spend more time with her young family, with the announcement due in the next few days. [...]
Raising Cane’s: Billionaire’s KFC rival and TikTok sensation to open in the UK September 4, 2025 Raising Cane’s, the US fast food giant which has become a sensation on TikTok, has confirmed plans to open its first UK location next year. The business is to launch its flagship site at 21-22 Coventry St in London’s West End towards the end of 2026. An exact opening date has yet to be announced. [...]
Angela Rayner on the brink: Deputy PM underpaid stamp duty on purchase of £800,000 property September 3, 2025 Deputy prime minister Angela Rayner has referred herself to the standards watchdog after she admitted to underpaying stamp duty on her second home in Hove. A spokesperson for Keir Starmer has refused to confirm the date Rayner informed the Prime Minister about her tax dealings, raising questions on when he found out about new tax [...]
Angela Rayner: People in tax-dodge houses shouldn’t throw stones September 3, 2025 Deputy prime minister Angela Rayner will be lucky to survive this latest tax-dodging property scandal, writes James Ford If you are a government minister there are always a number of key warnings that your frontbench career is on the brink. The first stage of your fall from grace is when your fellow ministers end up [...]
Bond traders hit out at ‘chorus’ of high tax advocates in No 10 September 2, 2025 Bond traders have hit out at the “chorus” of Westminster voices advocating for higher taxes as government borrowing costs soared to the highest level seen this century. Gilt yields, which feed into the cost the government will have to pay bondholders through debt interest payments, soared to their highest level since 1998, with the interest [...]
Zoe Hamburger leaves McDonald’s UK&I as successor named September 2, 2025 After 18 months of maybe the UK’s best case of nominative determinism, Zoe Hamburger has stepped down from her senior role at the UK arm of McDonald’s. Hamburger joined the McDonald’s UK senior leadership team as chief restaurant officer in March 2024. In that role she was responsible for the operational restaurant business, including delivery, [...]
Klarna confirms second hit at New York listing in snub to London September 2, 2025 Swedish fintech unicorn Klarna has launched its second hit at a listing on the New York Stock Exchange after its initial attempt was derailed by President Donald Trump’s tariff onslaught. The buy now, pay later giant said its IPO price is expected to be between $35 and $37 per ordinary share and hopes to raise [...]
The worrying bond market trend no one is talking about September 1, 2025 Spiking interest rates on the UK government’s borrowing costs have set off a fresh wave of commentary on the health of Britain’s economy. Ali Lyon explores why it is only long-dated bonds where tremors have been most pronounced, and why the U has plenty of company. What will you be doing in 30 years’ time? [...]