Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]
Reform could yet come crashing down to earth September 25, 2025 Analysing Welsh council by-elections may not be your idea of a good time (it isn’t mine, frankly) but one caught my eye last week. In the ward of Trowbridge in Cardiff, Labour lost the seat as the party’s vote share evaporated, down more than 30 per cent. They came third, behind the Liberal Democrats who [...]
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]
‘We’re already at peak government inflicted costs’ BT chief warns Chancellor September 24, 2025 The boss of BT has joined a chorus of chief executives urging the Chancellor not to raise the costs of doing business at her forthcoming Budget, warning the telecoms industry was “already at peak government inflicted costs.” In an on-stage interview with Morning Wire at the Connected Britain conference on Wednesday, Allison Kirkby said: “We [...]
Labour’s mixed messages ‘confuses’ UK government procurement September 24, 2025 The UK government’s £400bn procurement budget used to deliver on key policies and projects has been squandered due to Labour’s mixed messaging on its priorities, a new report exclusively shared with Morning Wire has suggested. The state spends billions of pounds a day for public services, with everything from IT software to fighter jets and [...]
Pat McFadden says lifting two-child benefit cap must be budgeted September 24, 2025 Work and pensions secretary Pat McFadden has conceded that any plans to lift the two-child benefit cap must be “budgeted” amid growing calls from key Labour figures for the Tory-era policy to be scrapped. McFadden warned Labour backbenchers that any commitment to lift the cap would have to be funded by higher government revenue. “Everything [...]
Labour has made Britain a beacon of economic stability September 24, 2025 A recent influx of over £110bn in investment from global financial and tech firms as a direct result of the government’s successful economic plan, which fosters stability and reform, thereby creating jobs across the country and proving Britain is open for business, says Lucy Rigby Yesterday, Revolut – one of the UK’s fintech success stories [...]
Rachel Reeves urged to reconsider Labour manifesto tax pledges September 24, 2025 Chancellor Rachel Reeves has been warned that tweaking small levies and relying on the wealthy to contribute to the state would hinder growth as another prominent report has called for Labour manifesto commitments to be reversed. In a report by the Institute for Government (IfG), Labour strategists were criticised for the party’s “original sin” of [...]
Startups tell Labour to snatch talent ‘displaced’ by Trump’s H-1B fee September 23, 2025 An entrepreneur campaign group backed by executives at top UK businesses has urged the Labour government to re-design its Global Talent visa to take innovators “displaced” by President Trump’s radical changes to the H-1B visa. The Startup Coalition has urged Home Office officials to change its Global Talent visa to help individuals re-locate from the [...]
OECD: Taxes and tariffs to damage UK economy September 23, 2025 Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above all other countries other than the US. The OECD’s latest update on the state of the global economy said the UK’s “tighter fiscal stance” means [...]