Young men more likely to use AI to guide investment decisions September 4, 2025 Young men are more likely to use AI to guide their financial decisions compared to older generations and women. Men aged 18-34 are also increasingly likely to turn to AI for financial advice, than older generations, according to wealth management company Handelsbanken. Around a quarter of respondents who used AI admitted it was an alternative [...]
HMRC names barrister in tax avoidance list for first time September 4, 2025 In an unprecedented move, HMRC has added a practising barrister, identified as the ‘designer’ of a tax avoidance scheme, to its list of tax avoidance promoters. Tax barrister Setu Kamal, with 20 years of experience, stands accused of designing four tax avoidance schemes and producing the contract templates crucial to their operation. Those schemes were [...]
Clock ticking on Making Tax Digital as HMRC struggles to win over SMEs September 4, 2025 With six months until nearly 800,000 self-employed people and landlords join Making Tax Digital (MTD) for income tax, HMRC is intensifying efforts to get more taxpayers to test the system. But the numbers so far paint a sobering picture of the challenge ahead for the agency. Data revealed that 2,400 users have joined HMRC’s beta [...]
Trump may face tariff refund ‘nightmare’ September 4, 2025 Donald Trump could face the “nightmare scenario” of being forced to refund the money collected by his tariffs, a leading City advisory firm has told City PM, after a federal court deemed most of them illegal. The court found last Friday that the US President overstepped his office’s powers when he unilaterally announced April’s so-called [...]
Ex-wife of sanctioned former Russian PM wins divorce appeal September 4, 2025 The former Prime Minister of Russia, Vladimir Potanin, is set to face a multi-billion-pound divorce case in England after his ex-wife won her case at the Court of Appeal today. Natalia Nikolaevna Potanina was married to Potanin for around thirty years before divorcing in Russia in 2014. However, she had argued that the Russian court’s [...]
Independent Football Regulator launches consultation on plans September 4, 2025 The incoming Independent Football Regulator (IFR) plans to have access to banks and law enforcement, as well as the ability to force rogue owners to sell clubs as guidance is published. The IFR published plans for a new Owners, Directors and Senior Executives’ Test, which they say will “raise standards and give powers to take [...]
UK businesses slash jobs after tax raid September 4, 2025 UK employers slashed jobs at the fastest pace in four years as companies suffer the costs of tax decisions from Rachel Reeve’s Autumn Budget last year. Companies cut employment by an annual rate of 0.5 per cent in the three months to August. This is the worst figure since 2021, according to a Bank of [...]
Banks’ bond market headache spells trouble for FTSE 100 September 4, 2025 The frenzy in the bond market spells trouble for banking stocks and could create broader issues for the FTSE 100. Bond markets have had a tumultuous week, with the UK’s 30-year gilt yields hitting a 27-year high. This was triggered by a global sell-off, as well as political unease stemming from a Downing Street reshuffle [...]
Government launches consultation to ‘strengthen’ £100bn design sector September 4, 2025 The UK government has launched its most extensive review of design protection in decades, aiming to modernise the system, tackle abuse, and support the nation’s £100bn design economy. The consultation was launched by the Intellectual Property Office (IPO) as a result of problems facing the sector, including its reputation as ‘David vs Goliath’ for smaller [...]
Watch: Reeves fights back against critics ‘talking rubbish’ September 4, 2025 It’s not just Angela Rayner who finds herself on the defensive; Rachel Reeves has come out fighting – claiming many of her critics are talking rubbish. Who could she be talking about? Imagine returning from your summer break to find that your boss has poached your deputy and hired a brace of advisers to advise [...]
