Westminster upheavals: Labour MPs could resign, Lib Dems courting Tory MPs June 13, 2025 Political intrigue is alive in Whitehall’s corridors, as Labour’s welfare reforms have landed a number of MPs on ‘resignation watch.’ On the benches opposite, Tories on the left of the party are being courted by Lib Dems. Work and Pensions (DWP) secretary Liz Kendall has told the party she will be pushing through with controversial [...]
Oil prices surge after Israel attacks Iran June 13, 2025 Oil prices spiked by more than nine per cent following Israeli strikes targeting Iran’s nuclear programme, in the most dramatic jump in more than three years. Meanwhile, the price of gold hit $3,427 – up 1.2 per cent during Asian trading hours. Israel launched strikes on Tehran early on Friday, rekindling fears of a full-scale [...]
UK firms dodge Labour tax raid with WFH roles abroad June 13, 2025 UK companies are turning to work-from-home (WFH) South Africans and other workers in East Asia in a cost-cutting drive to dodge Rachel Reeves’ £20bn tax raid on employers and stringent workers’ rights. Prime Minister Sir Keir Starmer has spoken about his determination to “put working people’s priorities first” while welfare cuts have been made to [...]
Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
Exclusive: Richard Caring hits suppliers with mandatory ‘discount’ amid £1bn sale talks June 12, 2025 The Richard Caring restaurant empire, which includes the Ivy Collection and Caprice Holdings, has demanded its suppliers take a 2.5 per cent “discount”, blaming “increased tax burden and cost of employment, cost of indirect products [and] services and also direct cost of food and beverage.” In a letter dated 3 June, signed by Richard Caring’s [...]
‘I accidentally locked one of the world’s richest men in a car park’: Symmie Swil on her career at Starling and Upvest June 12, 2025 Working at Starling, meetings with pandas, and accidentally locking one of the richest men in the world in a car park. Upvest's Symmie Swil takes us through her career.
UK economy shrinks more than expected in blow to Reeves June 12, 2025 The UK economy shrank more than expected in April, official data has shown, suggesting momentum built up in the beginning of this year has already worn away. New figures published by the Office for National Statistics (ONS) showing a 0.3 per cent contraction come off the back of a strong 0.7 per cent growth in [...]
London Tech Week day 3: Let’s use that NHS budget on tech June 11, 2025 From NHS waiting lists to global warming, if we get it right we can use technology to address our biggest challenges, writes Russ Shaw.
TfL gets £2bn – but no timetable for Bakerloo Line and DLR extension June 11, 2025 Transport for London (TfL) has welcomed a £2bn four-year funding settlement from the government as part of the long-awaited Spending Review. London’s transport operator had been pushing for a multi-year capital funding agreement similar to those at Network Rail and National Highways for years. The government said it is the largest settlement in over a [...]
Toast the City: London tour guide on his top hidden spots June 11, 2025 The Square Mile is the oldest and most storied part of London – but how much do you really know about it? As part of our first ever Toast the City Awards, we are celebrating the Green Spaces and Hidden Gems that make the City of London the special place it is. And who knows [...]