Barclays and Lloyds join banking sector plan for digital ID June 25, 2026 Barclays and Lloyds are among a group of top UK lenders working on a plan that would see customers able to use digital identification tools in their banking app. The collective of banks – which also includes HSBC, Nationwide, Natwest and Santander – are working with industry body UK Finance on a process where users’ [...]
‘I have more to do’: Reeves campaigns for Chancellor role under Burnham June 25, 2026 Rachel Reeves said she has “more to do” as Chancellor as she pitched staying in her job to business leaders despite speculation she will be dumped from the role by Andy Burnham. Reeves said she had brought “stability” to the UK economy and added she was “proud” of her record on inflation and growth. The [...]
Revealed: Secret Treasury plan to tax State Pension before it is paid out June 25, 2026 The Treasury is drawing up plans to automatically withhold income tax from the State Pension before it is paid out to recipients, Morning Wire can reveal, in a move which flies in the face of previous assurances by Chancellor Rachel Reeves that she would not “go after” elderly Brits with fresh tax demands. The proposal, [...]
Zack Polanski: I have a ‘serious vision’ for UK businesses June 25, 2026 Green Party leader Zack Polanski will tell business leaders at a conference on Thursday that he will deliver “clarity, stability and serious vision” for the UK economy. In what will be his most significant address to bosses since becoming leader, Polanski is expected to recognise that private sector executives “might have some preconceptions” yet he’ll [...]
Burnham refuses to rule out ‘exit tax’ as founders warn of wealth exodus June 25, 2026 Entrepreneurs are calling for Andy Burnham to rule out an exit tax or risk another wave of Britain’s wealth creators quitting the UK. Speculation around a so-called ‘settling up’ charge, which would be levied on business owners if they leave the country, is already causing some founders to consider moving overseas, several executives told City [...]
UK banks fear a ‘disaster’ with Ed Miliband as Chancellor June 24, 2026 City banks are fretting over the prospect of Ed Miliband as Chancellor as Andy Burnham mulls who he will give the keys to Number 11. The banking industry is bracing for a shake-up at the Treasury and fears it could be hit with a fresh raft of taxes under a new Chancellor while key deregulatory [...]
Starmer defends ‘treacherous’ Reeves and Miliband despite Badenoch jibes June 24, 2026 Sir Keir Starmer jumped to the defence of senior Cabinet ministers Ed Miliband and Rachel Reeves despite brutal attacks by the Tory leader Kemi Badenoch. In one of his last Prime Minister’s Questions, Starmer defiantly stood by the Chancellor, who sat on the front bench alongside him, and praised her for “breaking from austerity” and [...]
The Debate: Should the resignation of the Prime Minister trigger a general election? June 24, 2026 As prime ministerial resignations have accelerated, so too have calls for consequent snap elections. We explore the pros and cons.
Treasury confirms scrapping of Lifetime ISA but industry questions remain June 24, 2026 The government has confirmed it is replacing the hotly debated Lifetime ISA with a new product aimed solely at first time buyers, but industry figures are questioning the new framework. In a consultation published on Tuesday, the government confirmed the new product, dubbed the ‘First Time Buyer ISA’, (FTB ISA) will only be available to [...]
Burnham coronation closer yet Starmer ally raises alarm on borrowing June 24, 2026 Andy Burnham’s path to Downing Street has been all but cleared after Darren Jones ruled out entering a leadership race, spilling over to further speculation over the look of the next government’s Cabinet. Jones, a close ally of Sir Keir Starmer, was rumoured as a potential challenger to Burnham but the chief secretary to the [...]