Finance News – U.K.
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High-street slot machines reap record takings as councils call for power to curb spread
Operators of street-based gambling machines have significantly increased their earnings, contributing to overall betting revenues reaching a record high, prompting local authoritie...
Read Full Article →Trump threatens 100% secondary tariffs on Russia
The proposed increase in trade duties on Russian goods could considerably impact bilateral commerce, potentially escalating economic tensions while aiming to influence diplomatic n...
Read Full Article →Waste disposal practices are harming the environment | Letters
The potential tightening of regulations on spreading sewage sludge and similar materials risks significant economic impacts on industries reliant on current disposal methods, promp...
Read Full Article →How the rising cost of shoes could hit Trump
Increasing footwear prices may create economic challenges that influence voter sentiment and potentially impact the political standing of key figures in upcoming elections.
Read Full Article →Wealth tax would take years to set up, Labour warned
Implementing a tax on accumulated assets could require extensive time and significant resources to develop the necessary infrastructure and hire staff for effective administration...
Read Full Article →Indian regulator orders airlines to check Boeing fuel switches after plane crash report
The directive for airlines to inspect fuel-related components on Boeing planes could lead to increased operational costs and potential impacts on Boeing's market reputation and fut...
Read Full Article →Boeing fuel switches safe, regulator says after Air India crash
The preliminary investigation into the Air India crash revealed deactivated fuel switches, highlighting potential regulatory and operational impacts on Boeing's financial liabiliti...
Read Full Article →‘Murky’ Air India crash report deepens uncertainty for owner Tata
The initial investigation into the Air India incident raises concerns about pilot decisions, potentially impacting Tata’s financial position due to the loss of the valuable Boeing...
Read Full Article →Infrastructure capital trusts can help boost UK growth
A new investment model similar to venture capital trusts may enable substantial retail funding to support important local infrastructure projects, potentially contributing to the U...
Read Full Article →Rachel Reeves ducks ‘speculation’ despite tax pledge confusion
Chancellor Rachel Reeves avoided detailed responses regarding upcoming fiscal policies while reaffirming the government’s commitment to maintaining current income tax, national ins...
Read Full Article →London is world’s second-most expensive city for super rich
The introduction of VAT on private education has contributed to London becoming one of the top global cities where wealthy residents face significantly higher living costs, accordi...
Read Full Article →English water firm doubles CEO’s pay despite ‘elevated concern’ over finances
Affinity Water increased its CEO’s compensation to £1.6 million amid regulatory warnings about the company’s financial stability, raising questions about executive pay priorities i...
Read Full Article →Cost of living, tariffs and household appliance insurance
EU foreign ministers are discussing economic measures in Brussels amid rising expenses for consumers and potential import taxes proposed by the United States, which could impact ho...
Read Full Article →Buy UK: City stocks set for boost from Trump’s trade war with EU
Investors anticipate that ongoing trade tensions between the United States and Europe could positively influence the performance of stocks based in the United Kingdom’s financial s...
Read Full Article →Pound drops after Bank of England says it could cut interest rates more if jobs market slows
The British currency weakened amid signals from the Bank of England that additional reductions in borrowing costs may be implemented if employment declines, reflecting economic pre...
Read Full Article →High inflation ‘not sufficient’ to scupper Bank of England interest rate cuts
Despite ongoing price increases exceeding the central bank’s target, economists suggest that the Bank of England is likely to proceed with lowering interest rates to support econom...
Read Full Article →Lenders to ailing oil refinery's petrol forecourts arm plot sale
Financial institutions involved with the petrol retail division connected to the struggling oil refinery have engaged advisors in preparation for the upcoming disposal of the busin...
Read Full Article →For first time ever, more small firms expect to shrink than grow
A recent survey reveals that a larger proportion of small business owners anticipate a decline or sale of their companies in the coming year rather than expansion, marking a notabl...
Read Full Article →AI disrupts UK hiring for tech and entry level roles
The reduction in recruitment for technology and junior positions in the UK suggests potential cost-saving measures and may indicate emerging challenges for workforce investment ami...
Read Full Article →EU warns Trump’s 30% tariffs would eliminate transatlantic trade
The proposed 30% tariffs by the United States could severely impact economic relations, potentially reducing cross-border commerce and prompting European officials to discuss possi...
Read Full Article →Pub bosses in joint call for ‘urgent’ tax reform
Leaders within the pub industry emphasize the need to revise the commercial property tax structure, highlighting its impact on operational expenses amid increasing economic challen...
Read Full Article →Mansion House: time for world-class regulation for a world-class insurance market
Effective regulation of insurance intermediaries is essential to facilitate access to suitable coverage, supporting economic growth by enabling individuals and businesses to obtain...
Read Full Article →Post Office could hand ownership to staff amid review after Horizon scandal
A potential transfer of Post Office ownership to its employees may impact financial accountability and operational management, reflecting ongoing governmental efforts to address lo...
Read Full Article →Bitcoin hits $120,000 milestone as US Congress readies for ‘crypto week’
Bitcoin’s recent surge to an unprecedented value reflects growing investor confidence amid legislative efforts in the US aimed at establishing a leading regulatory framework for cr...
Read Full Article →Wizz Air to pull out of Abu Dhabi and cancels all flights
The airline’s decision to cease operations in Abu Dhabi and terminate its partnership is expected to impact its revenue streams while allowing a strategic reallocation of resources...
Read Full Article →European stocks slip after Trump’s tariff threat
European markets experienced a decline following increased trade tensions, with experts warning that the introduction of higher tariffs could potentially lead to a more significant...
Read Full Article →Trump’s 30% tariffs would ‘practically prohibit’ EU-US trade, says Šefčovič
If implemented, the proposed tariffs could severely disrupt daily commerce between the EU and US, potentially halting trade activities valued at billions of euros each day.
Read Full Article →Andrew Bailey cautions banks against issuing their own stablecoins
The Bank of England governor highlighted potential risks associated with banks creating asset-backed digital currencies, emphasizing careful evaluation of their impact on financial...
Read Full Article →Andrew Bailey calls for lower interest rates if job market stalls
Andrew Bailey indicated that significant reductions in interest rates may be necessary to support the economy if employment growth weakens due to recent fiscal policy changes affec...
Read Full Article →Rachel Reeves urged to make ‘bold choices’ at Mansion House speech as growth stalls
Industry leaders anticipate that Rachel Reeves’ upcoming Mansion House address and the introduction of her new strategy could influence important financial policies amid concerns a...
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