Employers set to pay more to hire migrants as immigration rules tightened October 14, 2025 Employers will have to pay higher fees to hire skilled migrant workers as part of home secretary Shabana Mahmood’s moves to strengthen immigration rules. Under new rules set to be introduced in parliament on Tuesday, migrant workers will have to pass A-level English language standard tests in order to live in the UK while employers [...]
Trump’s treasury secretary Scott Bessent lashes out at ‘weak’ China October 14, 2025 Markets have wobbled amid attacks by Scott Bessent on China’s trade policy, after Beijing unveiled sweeping controls on rare earth materials and critical minerals. The US treasury secretary told the Financial Times: “This is a sign of how weak their economy is, and they want to pull everybody else down with them.” He said: “Maybe [...]
Bank of England’s Taylor: High rates could push UK into recession October 14, 2025 The UK risks heading into a recession that will be “difficult to contain” if interest rates are kept on hold into next year, a Bank of England rate-setter has said in a speech that has further exposed widening splits between policymakers over the best path for borrowing costs. In a set of dovish comments made [...]
Will London meet tinned tuna giant Prince’s expectations? October 14, 2025 The City heaved a sigh of relief last week after tinned tuna heavyweight Princes confirmed its intention to proceed with its IPO to list on London’s main index. The group, which has a £2bn portfolio of familiar household food brands including margarine brand Flora and Olivio olive oil, expects trading to begin at the end [...]
EY accused of missing ‘red flag’ in NMC collapse October 14, 2025 Big Four firm EY UK was accused of being “grossly negligent” and failing in its most fundamental audit duties over seven years, allowing a massive fraud to continue and ultimately causing NMC’s financial collapse. The mammoth £2.7bn legal battle between EY and its former clients, a London-listed health giant that collapsed after allegations of fraud, [...]
Littler under new darts management days after going solo October 14, 2025 Luke Littler has become the first player to be managed by Target Darts just days after announcing he’d gone solo. The teenager has catapulted into sporting stardom, and earlier this year won his first World Darts Championship title at Ally Pally. Last week, however, he split from Martin Foulds’ ZXF Sports, whom he’d been with [...]
Satsuma Technology beefs up top team with ex-PlayTech hire October 14, 2025 Satsuma Technology named its new chief financial officer on Tuesday as part of a plan to beef up its top team. The London-listed group – which provides subnet infrastructure and develops specialised AI agents – appointed Andrew Smith as its new finance boss. Smith had served as chief financial officer for FTSE 250 firm Playtech [...]
IMF downgrades UK growth and warns inflation will be highest in G7 October 14, 2025 Inflation in the UK is set to surge above all G7 countries in the next two years while growth per capita will lag behind the average across advanced economies, the International Monetary Fund (IMF) has predicted. In its World Economic Outlook report, the IMF has said that inflation in the UK will remain higher than [...]
Obituary: Ian Barbour, Capital Access Group COO and City gent October 14, 2025 Ian Barbour, who died unexpectedly last week at the age of 60, was a rare example of a true old-school City gent.
Rachel Reeves told to scrap business rates for new profit tax in Budget October 14, 2025 A City accountancy firm has called on Chancellor Rachel Reeves to scrap business rates in her Autumn Budget and replace them with a new profit tax. Lubbock Fine said business rates, which have been the topic of much lobbying in recent weeks, should make way for a variable local tax on profits. The firm said [...]
