Bank of England predicted to not cut interest rate until 2026 September 12, 2025 Interest rate cuts are unlikely to take place this year, according to some of the most dovish forecasters, with City analysts split on where they will settle given the UK’s battle against high inflation and low growth. The Bank of England is set to hold its next monetary policy committee (MPC) meeting next week, a [...]
Autumn Budget: Rachel Reeves told to scrap ‘not fit for purpose’ Lifetime ISA September 12, 2025 Chancellor Rachel Reeves has been warned that the Lifetime ISA (LISA) is “not fit for purpose and must be reformed” in the Autumn Budget. Tom Goddard, a senior associate at audit, tax and business advisory firm Blick Rothenberg, has argued that the LISA “must be reformed to not conflict with shared ownership schemes”. The LISA [...]
Law firm Freshfields kicks off paralegal redundancies September 12, 2025 Top British law firm Freshfields has kicked off a round of redundancies targeting paralegals in its Manchester office. According to a legal trade publication, Roll on Friday, paralegals in the Manchester office were summoned to a meeting last week titled “Important Update.” According to sources, the firm plans to axe about half of its junior [...]
Patrick McLoughlin to leave northern transport role September 12, 2025 Former Cabinet minister Patrick McLoughlin is to step back from his role at a key transport group for the North of England. McLoughlin is stepping down as chair of Transport for the North (TfN)’s board, with his last meeting to be held in Darlington next Monday. He was transport secretary under David Cameron and served [...]
Labour warned gambling levy changes would be ‘irrational’ September 12, 2025 Labour officials have been warned that targeting gambling centres with higher levies would push people to move online where black market websites are “often accessed via VPNs”. The government is widely expected to raise “sin taxes” at this year’s Autumn Budget following calls from former Prime Minister Gordon Brown and ex Labour donor John Caudwell [...]
Coco di Mama bets on meal deals as it launches in Tesco September 12, 2025 Coco di Mama has announced the launch of a range of freshly made Italian sourdough sandwiches in Tesco’s premium meal deal as it bets on the grocery market. The launch follows a “hugely successful” debut year in retail with its range in Sainsbury’s’ £5.50 meal deal. “Capital-light, fast-growing channels,” are the focus of the brand at [...]
Rents rise at slowest rate for four years, Zoopla warns September 12, 2025 Skyrocketing rents in the UK have given way to a steadier increase as the supply of homes rises and tenant demand falls, according to new figures. Average rents are 2.4 per cent higher than a year ago, the lowest annual rate in four years and less than half of that recorded 12 months ago, Zoopla [...]
Reddit’s Alexis Ohanian says Chelsea Women could be worth $1bn September 12, 2025 Reddit co-founder and Chelsea Women investor Alexis Ohanian has said interest from the United States could turn the London club into a billion-dollar business. Ohanian, who is married to tennis legend Serena Williams, purchased a stake in Chelsea Women in May, believed to be around 10 per cent at a £20m valuation. The investment valued [...]
Ironman inks record-breaking partnership with Experience Oman September 12, 2025 Triathlon brand Ironman has agreed what it believes to be the biggest commercial in the sport’s history with the tourist board of Oman. The five-year deal is understood to be worth more than $40m (£30m) and will see Experience Oman embark on a multi-faceted partnership with the race organiser. It will see Muscat host the [...]
Toyota’s UK profit almost wiped out amid ZEV mandate battle September 12, 2025 Toyota’s UK profit has almost been wiped out as the carmaker battled a decline in market share and compliance with the ZEV [Zero Emission Vehicle] mandate. The Surrey-headquartered division has posted a pre-tax profit of £462,000 for the 12 months to 31 March, 2025, down from the £11.5m it achieved in the prior year. New [...]
