How much financial wrongdoing is acceptable in the UK’s pursuit of growth? August 11, 2025 The government must be prepared to answer just how much wrongdoing is it prepared to accept in the pursuit of growth, writes Lucy McNulty.
UK fintech investment slumps despite push from Rachel Reeves August 11, 2025 Fintech investment across the UK suffered another downturn in the first half of the year despite Chancellor Rachel Reeves’ bold ambitions for the sector. Total UK fintech investment fell to $7.2bn (£5.36bn) – a drop of five per cent from the same period in 2024. The decline, revealed in KPMG’s bi-annual Pulse of Fintech report, [...]
Rent on newly-let homes falls for first time in five years after ‘relentless’ rise August 11, 2025 Average rents on newly-let homes have fallen for the first time in around five years, according to a property firm. Across Britain, the average rent on a newly-let property fell by 0.2 per cent year-on-year in July, marking the first annual decline since August 2020, during the height of the Covid pandemic, Hamptons said. Despite [...]
Formula 1 to open new F1 Box venue in London’s Westfield Stratford August 11, 2025 Formula 1’s love affair with a new generation of fans is set to expand further with F1 Box, a new experience for fans in east London. Opening at Westfield Stratford in time for next weekend, F1 Box stems from the popular F1 Arcade in the Square Mile. The set-up will include a new simulator experience [...]
Economy faces ‘midlife crisis’ as benefit claimants hit new high August 10, 2025 The economy faces a “midlife crisis” after a fresh study revealed the number of jobless benefit claimants aged 50 or older has reached nearly two million for the first time. A new report from the Centre for Social Justice (CSJ) has shown the number of 50 to 64-year-olds who are out of work and claiming [...]
Rolls-Royce offloads UK pension fund in £4.3bn deal with PIC August 10, 2025 Rolls-Royce has sealed a £4.3bn deal with insurance specialist Pension Insurance Corporation (PIC) to offload its UK pension scheme as the engineering giant presses ahead with simplifying its balance sheet. The deal, which was announced on Sunday, covers the remaining pension obligations of 36,000 members — including 15,000 current pensioners and 21,000 deferred members — [...]
Housebuilders in focus amid Labour’s planning reforms push August 10, 2025 UK housebuilders will be in sharp focus as the sector grapples with construction woes, despite the Government ploughing ahead with plans to stimulate more building. Persimmon and Balfour Beatty will announce their half-year results on Wednesday, and Bellway will provide a trading update on Tuesday. York-based developer Persimmon said in May that forward sales – [...]
New Princes: Food giant gears up for £700m City listing August 10, 2025 International food operations giant New Princes is gearing up for a blockbuster listing on the London Stock Exchange – a move City officials hope will spark a wave of new flotations. The Italian-owned business – which makes Princes Tuna and produces Flora and Branston products – is approaching investors regarding the backing of an IPO [...]
Over 100 civil servants set to be axed in cull of security teams August 10, 2025 More than a hundred jobs could be cut from the organisation in charge of vetting people for security clearance as the Government looks to slim down the Civil Service. The Cabinet Office has proposed reducing the staff at UK Security Vetting (UKSV) to 780 full-time roles, down from its current level of just under 900, [...]
Lammy and Vance host national security advisers ahead of Trump-Putin summit August 9, 2025 The Foreign Secretary will host a meeting of allied national security advisers on Saturday as Donald Trump pushes for a peace deal in Ukraine. Downing Street announced that the meeting at David Lammy’s official country retreat, Chevening, would bring together advisers from the US, Europe and Ukraine to “discuss progress towards securing a just and [...]
