FCA to ‘rebalance’ risk in mortgage market in first time buyer boost December 15, 2025 The UK’s financial watchdog is planning a major overhaul of mortgage market rules in a bid to support more Brits getting on the housing ladder. The Financial Conduct Authority (FCA) said it aims to “rebalance risk” in the market to encourage innovation and allow a greater number of people to get access to finance. “Rebalancing [...]
Crypto firms face clamp down from Treasury and watchdog December 15, 2025 Cryptocurrencies will face regulation like any other financial products under new laws announced by the Treasury. Firms that offer crypto products will fall under the Financial Conduct Authority’s jurisdiction as part of new rules requiring digital assets providers to meet a set of standards from the City watchdog. The Labour government said the new legislation, which comes into [...]
FTSE 100 Live: Budget hits hiring market as economy feels pinch December 15, 2025 Good morning and welcome back to the Morning Wire liveblog. On Friday, the Labour government’s mission for economic growth proved to be not just sluggish but in free fall. The latest figures published by the Office for National Statistics (ONS) dealt another blow to Rachel Reeves as new data showed production output shrank 0.5 per [...]
Christmas attractions face sharp rise in property taxes after Budget December 15, 2025 London’s Winter Wonderland and Hamleys are set to be hit by sharp jumps in their property taxes from next year as UK Christmas attractions come under pressure from next year’s business rates overhaul. Analysis of official figures has shown that a raft of Christmas attractions, markets and destination-led retail will face increases in business rates [...]
Armed forces chief to warn ‘whole nation must step up’ amid Russian threat December 15, 2025 Growing threats faced by the UK will require “our whole nation stepping up” to ensure the country can continue to function in a crisis, the head of the British armed forces will warn. Chief of the defence staff Sir Richard Knighton will say the situation is “more dangerous than I have known during my career” [...]
Mahmood urges Labour figures to ‘focus on day job’ amid Burnham speculation December 14, 2025 Labour figures should “focus on the day job” of delivering for the public and Sir Keir Starmer is “not going”, Shabana Mahmood has said amid fresh speculation about Andy Burnham’s ambitions. The Home Secretary said everyone within the party had their “role to play” in backing the Government after reports the Greater Manchester Mayor is [...]
Bank of England expected to cut interest rates to nearly three-year low December 14, 2025 The Bank of England is readying to cut interest rates to the lowest level in nearly three years, delivering a bout of “festive news” to borrowers, economists think. The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce interest rates from 4% to 3.75% on Thursday. This would bring borrowing costs down to the [...]
WH Smith to unveil delayed results as progress hit by accounting errors December 14, 2025 WH Smith is set to shed light on the state of its finances next week after its annual results were delayed following accounting errors which led to the resignation of its boss. The historic retailer, which is now focused on travel stores, will reveal results for the year to August 31 on Friday. It is [...]
How Formula 1 is reengineering car branding December 14, 2025 It’s an old adage, but one particularly true for automotive brands, that where you show up as a brand really matters. Staples for car marketing are high-quality environments such as cinema, peak TV, eye-catching billboards and the like. Especially for cars – a category in which long-range priming is key – these quality touchpoints shape [...]
Labour must unite behind Starmer or risk losses to Reform, deputy leader says December 13, 2025 Labour must unite behind Keir Starmer or risk defeat by Reform UK at the local elections next year, Lucy Powell has warned. The deputy leader cautioned against “navel-gazing” or “throwing bricks from the sidelines” and said the party must come together to get its message across before next May. Her intervention comes after a difficult [...]