Dishoom warns that Brits’ low incomes pose risk for hospitality August 13, 2025 Dishoom has warned that the dual effects of still-low disposable income in the UK and tax rises in last autumn’s Budget present a short-term risk to British hospitality. The iconic restaurant business added that these factors may be exacerbated by “a possible slowdown in economic growth”. Confidence in the UK’s hospitality sector has been in [...]
Exclusive: America’s Cup deal opens door to sailing prize money August 13, 2025 The new commercial partnership signed as part of the coming 38th America’s Cup opens the door to the world’s oldest sporting trophy offering prize money, City PM can reveal. An agreement signed by the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron, is seen as a seismic [...]
City PM Triathlon Team Challenge at T100 London hailed as great success August 13, 2025 A successful London T100 Triathlon weekend saw Maurten UK come home first in the City PM Triathlon Team Challenge. The London-based subsidiary of Swedish sports nutrition company Maurten AB came first out of 26 City PM Triathlon Team Challenge teams in a time of one hour, 12 minutes and 47 seconds. The likes of Steph [...]
Facial recognition vans rolled out across England in crime crackdown August 13, 2025 An additional seven police forces in England will be using ten new live facial recognition (LFR) vans to track suspects wanted for serious crimes, including sexual offences, violent assaults, and homicides. The rollout, announced by the Home Office, will see Greater Manchester, West Yorkshire, Bedfordshire, Surrey, Sussex, Thames Valley and Hampshire police share the vehicles. [...]
City watchdog sacked 12 for misconduct amid crackdown on firms August 13, 2025 The Financial Conduct Authority sacked 12 workers as a result of misconduct allegations, City PM can reveal. Official figures show nearly 40 members of staff were formally disciplined by the City watchdog between 2022 and 2024 due to misconduct. A dozen of these were dismissed from their post with 10 handed a “final written warning”. [...]
Labour warned tightening inheritance tax would ‘stymie growth’ August 13, 2025 Plans to tighten inheritance tax rules on gifting and passing assets on to family members before death would damage UK growth and could lead to “regret” within the government, Labour has been warned. Treasury officials are reportedly considering changing rules which allow Brits to pass on assets to younger family members over seven years before [...]
Big Four PwC ramps up office attendance monitoring August 13, 2025 PwC has increased its monitoring of employees’ office attendance by tracking key card usage and WiFi connections to ensure staff comply with requirements
House prices in top catchment areas soar as parents race to bag places August 13, 2025 House prices in top primary and secondary school catchment areas are now nearly 50 per cent more expensive than the average as competition intensifies amid an increase in private school fees. The average price of a home in the catchment areas of the top 50 primary and top 50 secondary schools in the UK is [...]
Zilch hikes provisions amid ‘record year’ for customer growth August 13, 2025 UK fintech Zilch raised its provisions for losses in the last year as demand for buy now, pay later services ballooned. The London-headquartered firm raised provisions for credit losses – funds set aside to cover estimated losses from failed repayments – to £27.4m – a 116 per cent jump from £12.7m the year prior. Credit [...]
Reasons to be optimistic about the UK’s construction sector August 13, 2025 There are some early signs the UK’s beleaguered construction industry is turning a corner as higher demand, higher government investment and lower interest rates set shovels in the ground. Judging by the numbers so far this year, the UK’s construction industry is in a bad place: The sector contracted at the fastest pace since 2020 [...]
