Gold storms past $3,600 as Trump escalates Fed feud September 8, 2025 Gold sealed another record high on Monday as investors doubled down on hopes of a US interest rate cut. The yellow metal smashed highs of $3,616 on Monday – just days after it surpassed the $3,500 threshold. The ‘safe haven’ asset benefited from a whole host of economic turmoil in recent weeks, namely President Donald [...]
Starmer to back unions over businesses amid backlash over Employment Rights Bill September 8, 2025 Keir Starmer is set to push back against business-led amendments proposed by the House of Lords to water down the Employment Rights Bill, as the government is backing unions’ calls for workers’ rights to be strengthened. MPs are set to consider changes proposed in the Lords to replace a new right against unfair dismissal from [...]
Defence spending will ‘generate 85,000 jobs’ by 2035 September 8, 2025 Defence spending commitments will create a total of 85,000 jobs across the sector in the next 10 years, analysis by a leading industry body has suggested, as government officials are rolling out plans to attract investment from the private sector. Ahead of a conference on defence investment, the trade body ADS has said the defence [...]
Hargreaves Lansdown and Schroders agree investment tie-up September 8, 2025 Hargreaves Lansdown and Schroders Capital have sealed a tie-up to open up private assets opportunities to thousands more investors. The partnership will offer access to private investments, known as long-term asset funds (LTAFs), to Hargreaves Lansdown’s customers via self-invested personal pensions (SIPPs). The new style pensions will allow retail investors to invest in private assets [...]
Brits losing out on hundreds of pounds in iPhone upgrades September 8, 2025 Brits who upgrade their iPhones are losing hundreds of pounds due to the rapid depreciation of big ticket tech items, according to new analysis. With the launch of the iPhone 17 set for Tuesday – holding a hefty price tag of £900 – those choosing to upgrade from old models will be met with a [...]
Millennials and Gen Z cling to property dream as house prices soar September 8, 2025 Millennials and Gen Z are refusing to give up on their dream of owning a home despite the steep challenges of getting on the property ladder, fresh research has found. Over 35 per cent of Gen Z and 40 per cent of Millennials think that owning a property is the most effective way to grow [...]
Labour deputy leader hopeful slams Rachel Reeves’ ‘excessive deference’ to OBR September 8, 2025 The prominent backbencher and former transport secretary Louise Haigh, who is a frontrunner to become the deputy leader of the Labour Party, has taken aim at Chancellor Rachel Reeves’ “excessive deference” to the Office for Budget Responsibility (OBR) and adhering to “arbitrary fiscal targets”. Senior officials in the Labour Party are set to agree on [...]
Phoenix Group: FTSE 100 giant changes name to Standard Life September 8, 2025 Pensions giant Phoenix Group is set to change its name to Standard Life as it adopts the name of the brand it acquired seven years ago. It follows widespread speculation that the board had been considering a name change. The firm stated that Standard Life was its most reputable name and that the change would [...]
Challenger banks face ‘profitability trap’ at growth crossroads September 8, 2025 The UK banking sector faces a profitability roadblock that will give the industry’s challengers an “existential” turning point. Fresh data from KPMG suggests the industry’s average return on equity will fall to eight per cent come 2027 down from 13 per cent four years prior. This is set to spark an £11bn reduction in pre-tax [...]
London hiring slumps as employers suffer from rising costs September 8, 2025 London hiring has continued its steep decline as employers suffer the consequences of Reeves’ tax raid and rising costs. The latest jobs report from KPMG and the REC showed demand for workers in the capital has “continued to deteriorate” with both permanent placements and temp billings slumping further. Permanent staff places, hires with no fixed [...]