‘Unforgivable big companies don’t pay their fair share of tax’ October 6, 2025 The chief executive of Clearscore has said it is “unforgivable” that some big international companies don’t pay their fair share of UK tax. Speaking on an up-coming episode of City PM’s Boardroom Uncovered show, Justin Basini said, if he was Prime Minister for the day, he would pass a law that every big business would [...]
Tesla to unveil lower-cost Model Y to revive sales momentum October 6, 2025 Tesla is expected to unveil a long-awaited, lower-cost version of its Model Y SUV this week, as the American electric car giant looks to reignite demand amid slowing global sales and rising competition from Chinese rivals. The new variant, widely referred to as the Model Y Standard, has been spotted testing near Tesla’s gigafactory in Texas and [...]
London City Airport’s profit has almost doubled October 6, 2025 Profit at London City Airport almost doubled in 2024 thanks to a rise in passenger numbers, it has been revealed. For its latest financial year, the airport’s pre-tax profit increased from £6.6m to £11.8m. New accounts filed with Companies House also show its turnover rose from £102.6m to £115m. Passenger traffic increased by 4.6 per [...]
French borrowing costs surge as political crisis deepens October 6, 2025 French assets suffered at the hands of a brutal sell-off on Monday, after the country’s latest prime minister resigned just a month into the role, exacerbating an already grave political crisis. French stocks tumbled across the board while government borrowing costs climbed sharply to their highest since 2011, after newly appointed prime minister Sebastien Lecornu [...]
Autumn Budget: Another major NICs tax raid on the cards, economists warn October 6, 2025 Another multibillion-pound national insurance raid is on the cards at the forthcoming autumn Budget, economists have warned, as chancellor Rachel Reeves scrambles to plug a £30bn fiscal black hole. A combination of changes to the rules governing National Insurance Contributions (NICs) and income tax is set to rake in an extra £15bn in extra tax [...]
Conservative Party Conference: What can we expect? October 6, 2025 Despite the naysayers, party conferences are not meaningless, so what can we expect from the Tories at Conservative Party Conference 2025?
Mel Stride pledges sweeping tax cuts for businesses and young people October 6, 2025 Mel Stride has pledged to make sweeping tax cuts for businesses and young house buyers if the Tories are re-elected, in a speech talking up the party’s economic plans for the coming years. In a speech setting out the Tories’ commitment to keep public spending under control and lower costs for businesses, Stride accused Labour [...]
Labour warned not to repeat past mistakes with homebuying reforms October 6, 2025 Property experts have welcomed government efforts to simplify the homebuying process, but warned that any change must be done in alignment with industry to avoid a repeat of previous attempts to cut red tape. The proposed changes include digitisation, the introduction of binding contracts at an earlier stage, and requiring property sellers and estate agents [...]
Claridge’s: Five-star London hotel falls into the red October 6, 2025 Claridge’s, the iconic five-star London hotel, has slipped into the red despite its revenue rising during its latest financial year, it has been revealed, amid major redevelopment work. For 2024, the hotel has posted a pre-tax loss of £5.4m, down from the £7.2m pre-tax profit it achieved in 2023. However, new accounts filed with Companies [...]
