FTSE 100 Live: Bank shares surge; Gold surpasses $4,000 October 8, 2025 Good morning from the Morning Wire live blog team. Arguably no sector has had as sensitive share movement in recent months as the banking industry. In August, following the motor finance ruling, City banks added £7bn in market value after a major boost from the Supreme Court. But less than a month later after the [...]
Reeves urged to increase alcohol taxes to tackle workplace drinking October 8, 2025 Pubs and restaurants up and down the country could be forced to serve up higher booze prices as Rachel Reeves has been urged to add fresh alcohol levies to her menu of tax rises at next month’s Budget. The Institute for Public Policy Research, a left-leaning think tank with close ties to the government, has [...]
The Debate: Would a pact with Reform save the Conservative Party? October 8, 2025 New polling shows almost half the Tory party supports a merger with Reform, so is it time to unite the right?
Reeves must reject this finger-wagging, fun-sapping, tax-loving nonsense October 8, 2025 The Chancellor may have felt in need of a stiff drink after absorbing the latest productivity figures handed to her by the Office for Budget Responsibility, and who could blame her? The OBR is widely expected to have significantly downgraded its productivity forecasts while at the same time conceding that it’s been overestimating productivity growth [...]
Average Brit would need lifetime of earnings to become wealthy October 8, 2025 The average British worker would need to save more than a lifetime’s worth of earnings to become wealthy, fresh analysis has revealed. The ever-widening wealth gap means it would take £1.3m – around 52 years’ worth of average earnings – to jump from the middle to the top of wealth distribution. This is over a [...]
Badenoch preferred as Prime Minister over Starmer October 8, 2025 Kemi Badenoch has been handed a boost ahead of her make-or-break Tory conference speech today as fresh polling has shown the Tory leader is preferred as Prime Minister over Keir Starmer. The latest Morning Wire/Freshwater Strategy survey has shown that Badenoch leads Starmer by two percentage points as the country’s preferred Prime Minister, a marginal [...]
London hailed as global capital for women’s sport as 1.4m visit October 8, 2025 London has been hailed as a global epicentre for women’s sport after the Red Roses, Queen’s Club, the Lionesses and athletics all contributed to 1.4m fans attending events in the capital. Nearly 82,000 fans packed in to Allianz Stadium in Twickenham last month to watch England beat Canada to win a first Women’s Rugby World [...]
EU tariffs leave UK steel industry facing ‘biggest threat ever’ October 7, 2025 The UK’s ailing steel sector is facing the “biggest crisis in its history”, industry chiefs have warned, after the European Union unveiled plans to double tariffs on all steel imports in a bid to revive its moribund steelmaking capacity. As part of efforts to kickstart a “reindustrialisation of Europe“, EU commissioners signed off a proposal [...]
FCA orders lenders to pay £11bn in motor finance compensation October 7, 2025 The Financial Conduct Authority (FCA) has announced that it expects lenders to make 14.2 million payouts to individuals affected by unfair motor finance agreements, totalling around £11bn in compensation. The FCA estimates people would receive around £700 per agreement, on average. It has also been calculated that around 85 per cent of eligible consumers would [...]
Exclusive: NRL investment talks welcome but must be open, Leeds Rhinos chief October 7, 2025 Frank discussions over Australia’s NRL potentially buying a stake in English rugby league should be welcomed, a key Super League boss has told Morning Wire. Leeds Rhinos chief executive Gary Hetherington says calls from Peter V’landys, chair of Australia’s governing body, to look at investment should be heard as part of a wider discussion between [...]