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Business

  • Sumo in the City: Star of the dohyo becomes finance bro

    October 16, 2025

    A star of this week’s Grand Sumo Tournament at the Royal Albert Hall has been spotted trying his hand at finance. Akira Takayasu, who is competing in South Kensington in the second Grand Sumo Tournament to leave Japan in 1,500 years, got stuck in at City stalwart Mizuho Financial Group on Thursday. The 35-year-old, famed [...]

  • Which taxes will be raised in the Budget?

    October 16, 2025

    The UK Chancellor has now received the first forecast from the OBR. There will be two more“pre-measures” rounds before the crunch moment on 10 November when the OBR deliverto the Treasury the first “post-measure” forecast. That’s the point where Reeves will havehad to make some decisions on what might actually end up in the Budget [...]

  • Square Mile bespoke tailor Tom James takes legal action against ex-employee

    October 16, 2025

    Tailoring giant Tom James launched legal action in London against a former employee, seeking to enforce restrictive covenants and confidentiality obligations. Tom James Company, the UK entity of its US giant, located on Old Jewry, has launched legal action against a former sales professional, Max Potter. The company alleged in its claim, seen by City [...]

  • Zverev earns $25,000 per minute in Six Kings Slam defeat

    October 16, 2025

    Alexander Zverev earned $25,000 per minute for his 59-minute cameo in the Six Kings Slam tennis tournament in Saudi Arabia. The German is one of six tennis stars competing as part of Riyadh Season’s premier tennis competition with each of the participants receiving a reported appearance fee of $1.5m, rising to $6m for the eventual [...]

  • Premier Inn owner warns of ‘mounting pressure’ of tax rises before Budget

    October 16, 2025

    Whitbred, the owner of Premier Inn, has warned that tax rises are becoming more likely and could pose a serious risk to the UK’s hospitality industry. Chancellor Rachel Reeves faces a £40bn gap in the nation’s finances, which is ever-more likely to be filled by a tax-raising Autumn Budget. The target of those tax rises [...]

  • Why cutting spending is now the only way to revive the economy

    October 16, 2025

    With Brits stashing away cash in fear of further tax hikes under Labour, cutting spending is now the only way forward to grow the UK economy.

  • Security adviser made ‘independent decision’ to use Labour policy in Chinese spy statement

    October 16, 2025

    A Labour minister has claimed the deputy national security adviser made an “independent decision” to use what appeared to be the political party manifesto’s wording in his witness statement provided to the the Crown Prosecution Service (CPS) regarding the alleged collapsed spying case.  Cabinet Office minister Chris Ward doubled down on political claims that the [...]

  • Construction output weakens as gloom persists

    October 16, 2025

    UK construction output has continued to shrink as companies struggle to build at the pace required by the government’s far-reaching housing goals. Output fell 0.3 per cent month on month in August, according to the Office for National Statistics (ONS), with the most pronounced decline in repair and maintenance. “The underlying trends in construction are [...]

  • Apple kits out WSL teams with latest MacBooks, iPads and iPhones

    October 16, 2025

    Apple is giving Women’s Super League clubs a range of its latest MacBooks, iPads and iPhones worth thousands of pounds as part of a new partnership with the competition. Coaches and other performance staff will be able to use the MacBook Pros and iPads to perform and share video analysis of matches and training sessions.  [...]

  • Autumn Budget: Wealth tax would drive £100bn out of UK economy

    October 16, 2025

    Rachel Reeves is facing renewed calls to rule out any form of wealth tax in the Autumn Budget with concerns such a move would drive £100bn out of the UK economy. The Chancellor confirmed on Wednesday higher taxes on the nation’s wealthiest would be a “part of the story” in the Budget.  But fresh research [...]

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