Senior MPs condemn banks quango chair over dodging questions July 14, 2025 Senior MPs have blasted the chair of the Financial Ombudsman Service (FOS), the banks quango which settles complaints made by consumers against banks, for obstructing scrutiny after Abby Thomas was dismissed as chief executive. Zahida Manzoor, Baroness Manzoor, the Tory peer who leads governance of the public body settling complaints between consumers and banks, has [...]
Why the Football Governance Bill is good news for investors and fans alike July 12, 2025 Two big forces have been reshaping football and the sporting landscape in England: the surge in regulation, and the tidal wave of investment. With the Football Governance Bill soon to enter law, the question remains if, and how well, these two forces can coexist. The stated intentions of the bill are clear enough. Make sure [...]
Rachel Reeves’ concierge service aimed at luring investors July 12, 2025 Chancellor Rachel Reeves is expected to launch a “concierge service” for wealthy individuals as part of an effort to lure investors to expand in the UK. During electoral campaigns, Labour hopefuls said they would put wealth creation at the heart of their mission in government. Now Rachel Reeves is set to provide advice to foreign [...]
Rachel Reeves risks ‘serious damage’ with tax hikes, OBR member warns July 11, 2025 Fears of another Rachel Reeves’ tax raid are growing after fresh figures revealed the economy shrank in May, but a member of the OBR has warned the Chancellor against drastic measures, including tax hikes. The Chancellor is facing renewed pressure, with economists warning that the government’s £190bn spending splurge, sporadic U-turns, and poor growth figures are set [...]
Reeves puts cash ISA reform on ice ahead of Mansion House speech July 11, 2025 Rachel Reeves is expected to backtrack on plans to cut the tax-free allowance for cash ISAs, amid growing criticisms and building societies reporting a jump in new accounts being set up. “Differing views” from within government and a longer consultation time with the financial sector have contributed to the pause in the policy, according to [...]
Wealth tax would be ‘own goal’, London bosses warns July 10, 2025 The introduction of a wealth tax on Brits would yield less revenue for the government and drive investors overseas, bosses across London have warned. Keir Starmer this week refused to answer questions on whether the government was considering a wealth tax, which was mooted by former Labour Party leader Neil Kinnock last weekend. But business [...]
Keir Starmer agrees migrant returns deal with France July 10, 2025 Keir Starmer has agreed a “pilot” deal to return illegal migrants to France in an exchange for individuals to arrive as asylum seekers as part of a drive to curb small boat crossings. In a speech delivered alongside French President Emmanuel Macron, Starmer said the new plan would come into effect in the coming weeks. [...]
Post Office Scandal: Government contracts awarded to Fujitsu even after Mr Bates ITV drama July 10, 2025 Government bodies kept awarding Fujitsu with contracts to the tune of £500m even after the ITV drama Mr Bates vs The Post Office brought the Post Office Horizon scandal to national prominence. That’s according to LBC, alongside the public sector data analytics firm Tussell, which found that 23 contracts were handed out to the firm [...]
Kemi Badenoch backs costly triple lock pension as ‘Conservative policy’ July 10, 2025 Opposition leader Kemi Badenoch has doubled down in her backing of the triple lock pension after the UK’s fiscal watchdog said its costs on the state had soared far higher than expected. The Office for Budget Responsibility (OBR) warned this week that the Labour government could not afford the triple lock pension along with other [...]
Ed Miliband rules out zonal energy pricing July 10, 2025 The UK government has ruled out the introduction of a zonal energy pricing system that would have seen regions closer to renewable energy sources likelier to see lower prices. Ed Miliband’s Department for Energy Security and Net Zero has opted to reform the existing system by reviewing the way transmission charges work and incentivising the [...]