Ticket reseller StubHub UK fined nearly £1m for hiding fees June 23, 2026 Ticket reseller StubHub UK has been ordered by the watchdog to cough up nearly £1m for hiding mandatory extra fees from customers. One of the UK’s largest ticket marketplaces has been fined £900,000 by the regulator for failing to display the total price upfront to fans purchasing tickets. The Competition and Markets Authority (CMA) found [...]
‘Dispiriting’: Ministers speed up crackdown on Shein and Temu – by just six months June 23, 2026 Retailers have criticised the government for failing to move fast enough on closing a tax loophole that they say favours fast-fashion importers like Shein and Temu. High street businesses had been urging the government to bring forward its planned end to the “de minimis” regime, which exempts imports worth less than £135 from paying tax. [...]
EU airport chief: ‘I don’t know how we’ll cope’ with new border system June 23, 2026 Europe’s airport chief has warned that he “doesn’t know” how the continent’s airports will “cope” with the huge delays caused by a new EU border system as the holiday season looms. Stefan Schulte, president of European airports trade body ACI Europe, told an industry event in Prague: “Passengers are queuing for hours at peak traffic [...]
Reeves’ new tax charge on cash ISAs faces fierce industry backlash June 23, 2026 The Treasury has revealed plans for the UK’s new ISA regime, which will see it tax interest on cash held in stocks and shares ISAs at 22 per cent, prompting fierce backlash from industry figures, who argue that the decision is “riddled with unintended consequences”. HMRC updated the market on three rules that will create [...]
Terry Smith sells Magnum stake weeks after Unilever salvo June 23, 2026 Star stockpicker Terry Smith has offloaded his entire holding in Unilever spin-off Magnum Ice Cream just weeks after exiting his stake in its former parent company, which he accused of abandoning the priorities of its long-term investors. Smith, the feted fund manager who runs the £12.7bn Fundsmith Equity Fund, dumped his stake in Amsterdam-listed Magnum [...]
Wise triggers staff backlash after cutting paid paternity leave June 23, 2026 Money transfer firm Wise is facing uproar from staff after cutting paid paternity leave, Morning Wire can reveal, even after its own billionaire boss took a three-month sabbatical to spend time with his newborn. The UK fintech reduced its paid leave for fathers and secondary caregivers earlier this month from 18 weeks to eight, in [...]
Former Bank of England rate-setter to become next OBR chair June 23, 2026 A former rate-setter at the Bank of England and member of Morning Wire’s Shadow Monetary Policy Committee is set to become the chair of the Office for Budget Responsibility, the fiscal watchdog which has come under pressure from MPs and inadvertently leaked last year’s Budget. Jonathan Haskel, professor of economics at Imperial College London, will [...]
Starmer to give Burnham access to government June 23, 2026 Sir Keir Starmer is set to hand Andy Burnham access to the civil service “as soon as possible”. After announcing his resignation, Starmer is preparing for a transition in government over the next four weeks. A government spokesperson confirmed that Burnham and other prospective Prime Ministers would be able to engage with senior civil servants [...]
Global tech stocks plunge as SpaceX comes back down to earth June 23, 2026 Global tech stocks have been rocked by a widespread sell-off today after investors dumped shares in SpaceX and triggered a rout across markets. Asian markets sank overnight, with South Korea’s Kospi falling 8.3 per cent leading to the stock exchange forcing a trading-halt as investors dashed to sell-off their chip exposure. Much of this stemmed [...]
TG Jones backs down from clash with landlords in bid to save stores June 23, 2026 TG Jones has been forced to offer a string of concessions to its landlords after proposals to slash rent in a bid to avert the collapse of hundreds of former WH Smith stores. The retailer, formerly the high street arm of WH Smith, has convinced FTSE 100 landowner British Land to drop its opposition to [...]