Finance News – U.K.
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Von der Leyen to meet Trump in Scotland as EU and US close in on deal
The upcoming discussions between the EU and the US leaders could lead to a trade agreement that may significantly impact transatlantic economic relations and market dynamics.
Read Full Article →Capital gains tax receipts fall after big cuts in allowances
The government experienced a notable decrease in income from capital gains taxation in 2023-24, with collections dropping by 18 percent to £12.1 billion following substantial reduc...
Read Full Article →Stephen Colbert, the cancelled late night TV host
The departure of a prominent late night host before a major $8 billion corporate transaction highlights potential financial implications related to shifting political influences wi...
Read Full Article →Nationwide building society’s members deserve real votes | Nils Pratley
The governance structure of Nationwide has financial implications, as the lack of binding member votes on significant decisions like executive compensation and acquisitions raises...
Read Full Article →EU’s von der Leyen says she will meet Trump in Scotland on Sunday
The European Commission president’s upcoming meeting with the former U.S. leader aims to advance ongoing negotiations that could impact trade relations and economic cooperation bet...
Read Full Article →Nationwide boss’s £7m pay package declared ‘obscenity’ during AGM
The approval of a 43% increase in the chief executive’s compensation to £7 million at the building society’s annual meeting sparked controversy among members who questioned its ali...
Read Full Article →IMF warns UK faces ‘significant challenges’ amid trade war
The International Monetary Fund highlighted that unexpected economic shocks could threaten the UK government’s fiscal targets, emphasizing constrained flexibility in public finance...
Read Full Article →Cracks widen in Japan and US’s interpretation of tariff trade deal
Tokyo officials dispute Washington’s assertion about profit guarantees for American investors, highlighting ongoing disagreements that could affect the financial outcomes and stabi...
Read Full Article →Trader who claims he made 97% of hedge fund’s revenues sues over bonus
Robert Gagliardi alleges he generated nearly all of the hedge fund’s income but was refused a bonus, prompting legal action amid disputes over his conduct and compensation.
Read Full Article →Bitcoin will go up if more people buy bitcoin and won’t if they don’t: Citi
The value of Bitcoin is influenced by demand, as an increase in buyers typically drives its price higher, while a lack of purchasing interest can lead to stagnation or decline.
Read Full Article →Reeves should consider ending pension triple lock and charging for NHS treatment, says IMF
The IMF recommends that the UK government explore new revenue sources and fiscal policies to maintain financial stability and ensure progress toward reducing the national budget de...
Read Full Article →Law firm partner hiring surges in City amid private equity boom
The growing interest in private equity has led to a notable increase in the recruitment of senior legal professionals within major firms, reflecting strong financial opportunities...
Read Full Article →Government considering having borrowing assessed once a year
The government is evaluating an annual review of borrowing to potentially stabilize fiscal policy and address concerns about frequent adjustments, following recommendations from an...
Read Full Article →Government considering having borrowing assessed once a year
The government is evaluating an annual review of borrowing to potentially stabilize fiscal planning and address concerns about frequent adjustments, as recommended by the IMF.
Read Full Article →As food prices rise, Mamdani wants public grocery stores in New York. Can it work?
Implementing municipally operated grocery stores could potentially lower consumer expenses by reducing operational costs and leveraging wholesale purchasing, thereby addressing aff...
Read Full Article →Wall Street ‘euphoria’ sparks bubble warnings
Rising enthusiasm among investors has led experts to caution about potential overvaluation risks in cryptocurrency and trending stocks, which may impact overall market stability an...
Read Full Article →Formula E signs World Championship extension with FIA until 2048
The agreement secures long-term stability and potential revenue growth for Formula E by maintaining its unique status as the sole all-electric single-seater World Championship thro...
Read Full Article →Rightmove demands stamp duty overhaul
Adjusting the current property tax thresholds to align with recent market changes could reduce costs for new buyers, potentially increasing activity and liquidity within the housin...
Read Full Article →IMF warns UK faces ‘significant challenges’ in face of trade war and tight fiscal rules; British ret...
The combination of ongoing trade tensions and strict budgetary constraints is exerting downward pressure on the UK economy, contributing to weaker retail performance and a deprecia...
Read Full Article →People in the UK: share your experience of trying to find a job in hospitality
Rising unemployment and a slowing job market have affected the hospitality sector’s hiring patterns, highlighting challenges for both job seekers and employers in securing and offe...
Read Full Article →Reeves faces ‘significant challenges’ from trade war and small headroom, warns IMF
The International Monetary Fund highlights economic pressures and limited fiscal flexibility, urging the UK government to adjust its budget framework to better manage the impacts o...
Read Full Article →RFK Jr wants bright artificial dyes out of food. Are Americans ready to let go?
The shift toward natural food colorings endorsed by major manufacturers could influence consumer spending patterns and impact profitability within the US food and beverage sector o...
Read Full Article →AI-backed medical debt company claims payment plans can help US healthcare costs
PayZen’s strategy of acquiring hospital debt at reduced rates aims to alleviate financial burdens on patients while addressing challenges posed by impending insurance reductions an...
Read Full Article →Volkswagen takes €1.3bn hit from ‘high costs’ of Trump tariffs
Volkswagen reported a significant reduction in operating profits for the first half of the year, largely attributed to increased expenses linked to US import duties affecting its e...
Read Full Article →Trump Scotland visit: Starmer to push for zero steel tariffs
The upcoming meeting between the US President and Sir Keir Starmer aims to address trade barriers, potentially impacting the cost competitiveness and market access of the British s...
Read Full Article →Chinese investment into Hong Kong surges to record high
The growing capital flows from mainland China into Hong Kong underscore the city’s increasing reliance on external funding, reflecting a notable shift in its financial landscape an...
Read Full Article →NatWest investors given £1.5bn weeks after full privatisation
Following increased earnings, NatWest intends to return significant capital to shareholders through dividends and share repurchases shortly after the government's complete exit fro...
Read Full Article →Why on earth isn’t the pensions commission considering the triple lock?
The absence of the triple lock in the pension commission’s review could impact long-term income stability for retirees and influence future government spending commitments on retir...
Read Full Article →Hot weather boosted retail sales in June
In June, increased temperatures led to higher consumer spending in supermarkets and greater demand for fuel, reflecting a rise in outdoor activities according to the UK statistics...
Read Full Article →Hot weather boosted retail sales in June
In June, increased temperatures contributed to higher consumer spending in supermarkets and on fuel, reflecting changes in purchasing behavior as people spent more time outside, ac...
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