Treasury mocked for £100k financial services ‘leadership’ role December 17, 2025 The Treasury is searching for a Director for Financial Services to take on an “exciting and challenging leadership role” within the heart of the British economy, for a £100k salary. According to the job posting, the successful candidate would be tasked with “advising the Chancellor and Economic Secretary on financial services policy, taking account of [...]
Monzo shareholders plotting chair coup after top boss was ousted December 17, 2025 A group of Monzo shareholders are plotting a coup to oust the chair of the fintech following the shock exit of chief executive TS Anil. The investors, which include venture capital firms Accel and Iconiq, have strapped up with lawyers as they lobby to reinstate Anil, who is set to be replaced by ex-Google executive [...]
Interest rate cut likely after inflation undershoots expectations December 17, 2025 Inflation dropped far below market expectations in November, official data has shown, easing Bank of England doves’ nerves a day before a decision on whether to cut interest rates is revealed. The Office for National Statistics (ONS) said inflation hit 3.2 per cent in the year to November, staying well above the Bank’s 2 per [...]
FTSE 100 Live: Inflation eases more than expected ahead of rate decision December 17, 2025 Good morning and welcome back to the Morning Wire liveblog. We’ve had the latest inflation data this morning, which has shown the consumer price index (CPI) rose by 3.2 per cent in the 12 months to November 2025. This eased from 3.6 per cent in October 2025. It also beats figures pencilled in by economists, [...]
Cut interest rates, Morning Wire Shadow MPC tells Bank of England December 17, 2025 The Bank of England should cut interest rates by 25 basis points when it meets tomorrow, Morning Wire’s Shadow Monetary Policy Committee has said in a three-way split decision. In the face of the dual problems of high inflation and a continued jobs market decline, the majority of experts on Morning Wire’s nine-strong Shadow MPC [...]
Bank of mum and dad now funding multiple steps up housing ladder December 17, 2025 The ‘Bank of Mum and Dad’ are funding more than just first steps on the housing ladder, with financial gifts pivotal for second steppers too. Nearly 20 per cent of second-time buyers have received support to buy their property, according to new research from Barclays, rising to 30 per cent for first-time buyers. This amounts [...]
Arrogant Labour has played fast and loose with the jobs market December 17, 2025 As the first full calendar year of life under this Labour government comes to a close, it’s an appropriate time to reflect on how they’ve done and how their promises to renew Britain marry up with reality. How can I put this delicately? Ministers should slope off to their constituencies this Christmas with their heads [...]
FCA: Motor finance lenders ‘very focused’ on negatives of redress December 16, 2025 The boss of the UK’s financial watchdog has taken a swipe at motor finance lenders that are begrudged with the regulator’s redress scheme, stating they are “very focused” on the negatives. In a session with the Treasury Select Committee, Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA) opened the door to changing the [...]
Redundancies hit highest level since pandemic as unemployment climbs higher December 16, 2025 The UK unemployment rate jumped above the 5 per cent mark and redundancies surged to their highest level since the pandemic. The Office for National Statistics (ONS) published damning figures on Tuesday morning that will likely send chills throughout the Labour government ministers ahead of the Christmas break. It said the number of payrolled employess [...]
Monzo boss was ‘pushed out’ over IPO dispute December 16, 2025 The boss of digital bank Monzo is said to have been pushed out from the top role following a dispute with the company’s board over a potential stock market listing. TS Anil, Monzo’s chief executive of the last five years, is said to have been at odds with the fintech’s board ahead of his surprise [...]