Finance News – U.K.
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Brits back spending cuts over tax rises
Recent surveys indicate that the majority of British voters favor reducing government expenditures rather than increasing taxes, highlighting a potential challenge for the current...
Read Full Article →Innocent subpostmasters went to jail, but now it is clear: the Post Office boss class belong there i...
The wrongful convictions led to significant financial compensation demands and raised concerns about corporate accountability, affecting public trust and prompting reforms in overs...
Read Full Article →Post Office and Fujitsu chiefs ‘maintained fiction’ on faulty Horizon system
The flawed Horizon system led to significant financial discrepancies for postmasters, resulting in wrongful accusations and compensation claims that had considerable economic impac...
Read Full Article →Rishi Sunak joins Goldman Sachs as senior adviser
Rishi Sunak’s return to Goldman Sachs as a senior adviser highlights his continued influence within the financial sector and may impact strategic decisions at the global investment...
Read Full Article →Wall Street turns more bullish on US stocks despite Trump’s tariff threats
Several major financial institutions have increased their forecast for the S&P 500, indicating growing investor confidence in the U.S. market despite ongoing concerns about trade t...
Read Full Article →Rishi Sunak rejoins Goldman Sachs as an adviser
Rishi Sunak’s return to a senior advisory position at a major financial firm underscores his ongoing influence within both the political and economic sectors, potentially impacting...
Read Full Article →‘Now Brexit is behind us’: what’s at stake as Macron makes state visit to the UK?
The upcoming state visit highlights the importance of maintaining strong economic and diplomatic connections between the UK and France to support significant bilateral trade and ad...
Read Full Article →Public finances in 'relatively vulnerable position', OBR warns
The government's official economic body has indicated that the current state of the country's budget may face challenges, highlighting potential risks to fiscal stability in the ne...
Read Full Article →Abu Dhabi sovereign investor eyes $100m slice of Revolut
A state-owned investment firm from Abu Dhabi is in advanced talks to acquire an additional $100 million share in Revolut, potentially expanding its existing holdings in the digital...
Read Full Article →UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs
The Office for Budget Responsibility has indicated that rising expenses related to environmental challenges, retirement funding, and existing liabilities could cause the UK’s natio...
Read Full Article →UK cannot afford triple lock pension, OBR says
The Office for Budget Responsibility has indicated that maintaining the current pension increase policy may strain public finances, prompting debates over welfare adjustments to en...
Read Full Article →UK faces ‘daunting’ risks to public finances, OBR warns
The fiscal watchdog indicates that the country’s capacity to manage unexpected economic challenges has significantly weakened, posing considerable concerns for the stability of gov...
Read Full Article →David Lloyd Leisure owner TDR Capital close to finalising £2bn 'sale'
The current private equity firm supporting the premium fitness chain is nearing completion of a transaction valued at approximately £2 billion, ensuring their ongoing stewardship o...
Read Full Article →M&S chair reveals two recent major company hacks have ‘gone unreported’; UK public finances ‘facing...
Recent undisclosed cybersecurity breaches at a major retailer highlight growing concerns about vulnerabilities that could contribute to increased financial pressures on the UK gove...
Read Full Article →Germany warns EU ready to retaliate unless US reaches ‘fair’ trade deal
Germany signals that unresolved trade disagreements with the United States could prompt the European Union to implement countermeasures, potentially affecting tariffs, market acces...
Read Full Article →M&S chair: UK needs to muscle up to tackle cyber threats
Marks and Spencer’s chair highlighted that enhancing the UK’s cybersecurity capabilities is essential to protect financial interests and foster greater confidence among investors i...
Read Full Article →Japan business accuses Tokyo of ‘mistake’ in US trade talks strategy
Analysts suggest that the Japanese government’s approach to negotiating tariff exemptions with the United States may have impacted economic relations and trade revenues between the...
Read Full Article →Monzo fined £21m after customers used No 10 and Buckingham Palace as addresses
The substantial monetary penalty imposed on Monzo highlights regulatory concerns over inadequate verification processes amid rapid customer growth, emphasizing the importance of st...
Read Full Article →Revolut: UK fintech launches stocks and shares ISA
Revolut’s introduction of stocks and shares ISAs in the UK broadens its financial services, enabling users to invest in a wide range of ETFs through collaborations with major asset...
Read Full Article →Octopus Energy to pay £1.5m over prepayment meter billing error
Octopus Energy will distribute £1.5 million in repayments and compensation due to delays in delivering final bills to customers, as highlighted by the energy regulator Ofgem.
Read Full Article →Rachel Reeves’ Cash ISA plans will punish Brits who just want stability
The proposed changes to Cash ISAs aim to encourage investment among the public, but critics argue they may disadvantage those seeking low-risk, stable savings options.
Read Full Article →UK watchdog fines Monzo £21mn for ‘falling far short’ on financial crime
The UK regulator imposed a £21 million penalty on Monzo due to inadequate measures in preventing financial misconduct, highlighting the bank's acceptance of customers providing que...
Read Full Article →UK to miss deadline to agree steel and aluminium tariffs
Failing to finalize an agreement on steel and aluminium tariffs by the set deadline may lead to prolonged trade uncertainties, potentially affecting market stability and economic r...
Read Full Article →OBR warns unfunded spending to damage UK finances amid ‘daunting’ risks
The Office for Budget Responsibility has highlighted that increased expenditure without corresponding revenue could strain the UK’s fiscal health, especially given ongoing internat...
Read Full Article →M&S shares sink lower after failing to recover from cyber attack
The ongoing decline in M&S’s stock price reflects investor concerns over the company’s ability to fully regain market confidence following the earlier cybersecurity incident.
Read Full Article →London Marathon Events sprints to record surplus as profits surge
London Marathon Events experienced significant financial growth last year, with revenue increasing by nearly £11 million and pre-tax profit rising to £12 million, contributing a su...
Read Full Article →Hundred teams to be buoyed by hike in IPL franchise valuations
The recent rise in the estimated worth of IPL franchises is expected to positively impact the financial prospects of associated Hundred teams amid growing market competition.
Read Full Article →Charities ‘penalised’ by Rachel Reeves’ taxes
The increase in employers' national insurance contributions has raised operational costs for many charities, potentially reducing their available resources and affecting staff comp...
Read Full Article →RBA interest rates: Reserve Bank of Australia leaves cash rate on hold at 3.85%
The Reserve Bank of Australia's unexpected decision to maintain the cash rate at 3.85% may affect borrowing costs and financial market expectations, impacting household mortgage pa...
Read Full Article →Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax
Health Minister Stephen Kinnock indicated that the government is seriously considering implementing a tax targeting accumulated assets, reflecting increased political support follo...
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