FTSE suffers worst day since April amid credit market jitters October 17, 2025 The FTSE 100 suffered its worst session since April on Friday, after a sell-off in US regional banks caused jitters to sweep through global equities markets. Banks led losses on the UK’s blue-chip index as a risk-off mood prevailed across the world, with bond yields falling and the price of gold hitting yet another all-time [...]
Rachel Reeves gears up for £1bn savings in Motability October 17, 2025 Rachel Reeves is reportedly planning a £1bn savings package through cuts to the Motability scheme offered to disabled people. As part of a drive to plug a £30bn hole in the public purse, the Chancellor is considering reducing the number of BMWs and Mercedes some disability claimants can access through the Motability scheme, which is [...]
India must let Pakistan compete if they host Commonwealth Games October 17, 2025 India will need to open its doors to athletes from Pakistan if Ahmedabad wins its bid to stage the 2030 Commonwealth Games, City PM can reveal. Amdavad, or Ahmedabad, has been recommended by the Executive Board of Commonwealth Sport as hosts of the 2030 Commonwealth Games, signifying some stability to a quadrennial games that has [...]
Sadiq Khan to blame for slump in London housing starts, think tank says October 17, 2025 Sadiq Khan is to blame for a dearth in housebuilding in London, a leading think tank has warned, as new construction projects slumped to their lowest level seen in years. A perfect storm of challenging macroeconomic conditions, needlessly stringent regulation and a sluggish planning process has helped push construction rates down to just 4,170 housing [...]
I went to the Grand Sumo Tournament in London and it blew me away October 17, 2025 A Grand Sumo Tournament left Japan for the first time since 1991 and in London it has seemingly found its home. Here’s what I thought of it all. One of London’s greatest surprises will always be turning off Prince Consort Road, just as you reach the Royal College of Music, and being greeted by the [...]
Flagship government bill risks ‘rent control through the back door’ October 17, 2025 Labour’s flagship Renters’ Rights Bill introduces new rules on rent reviews which risk alienating landlords and causing a sell-up in the sector, experts say. The bill will allow tenants to challenge the agreed tenancy rent in the first six months of a tenancy or any new rent proposed by a landlord. There’s “no risk to [...]
Investec added to Snow Polo World Cup sponsorship stable October 17, 2025 International bank Investec has been added to the sponsorship stable of the Snow Polo World Cup, the City stalwart has announced. The Gresham Street-based Anglo-South African international banking and wealth management group were announced as a new team sponsor alongside Standing Rock, having been involved in the 2025 edition. The St. Moritz snow polo event [...]
Nobel prize winners’ findings are a wake-up call for UK economy October 17, 2025 This year's Nobel Laureates in economics' warning that growth cannot be taken for granted must urge the UK to act, writes Ben Ramanauskas.
Manchester United chiefs issue call to government for support October 17, 2025 Manchester United chiefs have called on the government to support construction in the region as the club looks to build a new stadium. Sir Jim Ratcliffe appointed Lord Norman Foster to design a new stadium for Manchester United as they look to move on from a crumbling Old Trafford. It is set to seat 100,000 [...]
Bank of England should cut interest rates at ‘more cautious pace’, Huw Pill urges October 17, 2025 The Bank of England’s chief economist Huw Pill has renewed calls for interest rates to be cut at a “more cautious pace” in the next year, adding to the likelihood that Bank Rate may be held at four per cent for the foreseeable future. In a speech delivered on Friday, Pill said efforts to lower [...]
