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      Industry hits out at rumours as No 10 denies plan to abolish stamp duty and council tax

      Two women view property listings in an estate agents window, one takes a photo with her phone. Real estate, stamp duty.

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      If SailGP steers towards ultra-aspirational audience it will soar

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      A Roman Holiday by Vespa sidecar – a whole new Rome

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UK Government

  • Burnham and Healey face investor fury over summer of tax speculation

    Politics

    Andy Burnham and John Healey are contending with a growing backlash from investors after another summer of tax speculation looks set to leave financial managers on edge.  The chief executive of one of the UK’s biggest investment platforms, AJ Bell, urged Chancellor Healey to take a more emphatic approach on ruling out tax hikes across [...]

    Andy Burnham, wearing glasses and a blue tie, speaks at a conference with a bald man in a red tie beside him.
  • AI Minister: Visa reform key to keeping tech giants in Britain

    AI

    AI Minister Kanishka Narayan renewed calls for more visas for top engineers, arguing that the UK will need to do more to help tech companies scale at home rather than sell overseas. In his first interview since joining Andy Burnham’s cabinet, Narayan said he would use his seat at the top table to push for [...]

    Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...
  • Exclusive: Jobs lost across Labour’s ‘growth potential’ sectors in blow to Burnham

    Politics

    In a blow to the government’s plans to boost employment, eight sectors previously identified as having high growth potential in Labour’s industrial strategy have suffered job losses, according to a report seen by City AM. The so-called ‘IS-8’ sectors, which include life sciences, financial services and defence, were singled out by the UK government last [...]

    Jonathan Reynolds, Labour MP, in a suit and tie, holding a notebook, looking right, with a building behind him
  • Burnham backs plan to pump £1bn pension funds into start-ups

    July 27, 2026

    Andy Burnham’s government is set to spearhead a new £1bn fund that will channel cash from some of the country’s biggest pension schemes into start-ups.  Pension funds including Nest, the workplace scheme set up by the government, Railpen, Border to Coast and the Local Pensions Partnership Investments (LPPI) are set to back the new government-led [...]

  • Scotland’s tax hike may have backfired as receipt falls

    July 26, 2026

    The Scottish government’s decision to raise the top rate of income tax may have backfired, according to analysis by the lawyer Dan Neidle.  Neidle’s research on tax data suggested that a decision to increase the top income tax rate to 48 per cent led to lower receipts.  HMRC data from 2024-25 suggested that the Scottish [...]

  • Burnham ‘aware’ of Healey’s extra £9bn spending demands

    July 26, 2026

    Andy Burnham has said he was “very aware” of John Healey’s demand to spend at least £9bn more a year on defence when he appointed him as Chancellor.  The Prime Minister has said he would ensure Sir Keir Starmer’s Defence Investment Plan (Dip) was “fully funded” in an interview with the BBC as his “first [...]

  • Energy operator ‘flying blind’ as net zero push threatens hiked bills and blackouts

    July 25, 2026

    The UK’s net zero push risks leaving the country with higher electricity bills and more susceptible to blackouts, according to a leaked report commissioned by the national grid system. The report, produced by energy consultancy firm Cornwall Insight for the National Energy System Operator (Neso) and shared with The Times by a whistleblower, revealed that [...]

  • ‘Extremely dangerous’: AI warfare much bigger threat than LLM model advances, experts warn

    July 25, 2026

    The growing use of AI in warfare poses a much bigger threat to the future of the UK than the latest advances in frontier AI models, experts have told City AM. Nicholas Fairfax and Max Rangeley, co-editors of The Artificial Intelligence Revolution, said the ability of small actors to use AI to develop immensely powerful [...]

  • Bank regulation, not austerity, explains why Britain is poorer than America 

    July 24, 2026

    When it comes to Britain’s stagnant growth, we must first diagnose the root cause. That starts in the City, writes Daniel Freeman Britain has never really recovered from the Great Financial Crisis, and we will soon be entering our third lost decade of economic growth. Before 2008, the UK and US economies grew at an almost identical rate. Per [...]

  • HSBC sells Singapore insurance arm to Allianz in £1.6bn deal

    July 24, 2026

    FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]

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