Government climate tsar picks up enough air miles for six trips around the world December 4, 2025 The government’s climate envoy has totted up more than 150,000 airmiles since she was appointed by Labour, in trips to conferences such as COP 30. That’s more than six times the circumference of the earth. Rachel Kyte reports directly to energy secretary Ed Miliband and foreign secretary Yvette Cooper. The role of climate envoy had [...]
Relief for fintech startups as government plans new short-term FCA licences December 4, 2025 Fintech startups could be about to start trading much sooner after the government signalled plans to issue temporary licences in advance of getting full accreditation. Startups often suffer delays of months or even over a year as they wait for regulators at the Financial Conduct Authority (FCA) to grant them authorisation, during which they burn [...]
Bank of England launches groundbreaking private credit stress test December 4, 2025 The Bank of England has launched its first ever stress test of the fast-growing private credit industry, in a bid to establish how the opaque sector would respond to a range of economic and financial shocks. The undertaking, called a ‘system-wide exploratory scenario exercise (SWES)’, will work with some of the industry’s biggest players to [...]
Acrobat Studio: The new AI tool to transform your business efficiency December 4, 2025 Business owners know the hassle of managing multiple platforms to get a single task done. This is impractical, it costs time and therefore money, and can get in the way of doing the things they really love. That’s why it’s essential to invest in the right tools. The issue is, there are many platforms out [...]
Russ Shaw: I hope UK tech moves from survival to aggressive investment December 4, 2025 We dig into the memory bank of the City's great and good. Today, Russ Shaw, founder of Tech London Advocates, takes us through his career.
Lloyds boss: Forcing banks to hoard capital is slowing UK growth December 4, 2025 The boss of Lloyds Banking Group has called on the government to take its deregulation mission further to ramp up economic growth. Charlie Nunn, chief executive of Lloyds Banking Group, welcomed recent regulatory progress, including the Chancellor’s Leeds Reforms package, but added “they are just at the start – there is more to do”. “The [...]
Construction in worst downturn for five-and-a-half years December 4, 2025 The construction sector suffered its worst downturn in output for five and a half years last month, new figures have shown, in a warning to the Labour government as it hopes to build 1.5m homes by 2030. A monthly S&P Global survey showed that the decline in output rapidly accelerated over the month, with the [...]
Butlin’s back in profit after losing almost £75m December 4, 2025 Butlin’s has recovered from losing almost £75m to return to the black during its latest financial year, it has been revealed. The holiday resort chain has posted a pre-tax profit of £28.3m for 2024, according to new accounts filed with Companies House. That comes after Butlin’s fell to a pre-tax loss of £74.2m for 2023. [...]
Growing threats to UK financial stability December 4, 2025 What keeps you up at night? For the governor of the Bank of England it’s a long list of threats to the UK’s financial system – so let’s take a look at them. The Bank of England’s latest financial stability report makes for a sobering read. It says “risks to financial stability have increased during [...]
Reform UK receives £9m donation from billionaire businessman Christopher Harborne December 4, 2025 Reform UK has received the largest ever political donation from a single living person as Thai-based billionaire Christopher Harborne injected £9m into the party. Reform’s precursor organisation, the Brexit Party, previously received donations from Harborne in 2019 and 2020 but it had not yet received donations directly from the billionaire. His £9m donation in August [...]