One in ten UK banking jobs at risk from AI August 27, 2025 Bankers across the UK could be on the chopping block as the industry piles billions into AI. The push into the modern tech will put some 27,000 roles at risk – representing ten per cent of the UK banking sector’s workforce. By 2030, banks across the country will have piled over £1.8bn into generative AI [...]
London businesses optimistic for future economic growth, KPMG says August 18, 2025 The vast majority of private business owners in London have recorded rocketing optimism about their growth prospects, but concerns surrounding the impact of inflation remain, according to the latest KPMG private enterprise barometer survey. Following a challenging first financial half of the year, with businesses hit with tariff turmoil and ongoing geopolitical tensions, confidence in [...]
The five fintech segments to watch August 18, 2025 Global fintech funding slumped to its worst half-year in five years in the first six months of 2025. Investment reached $44bn (£32.47bn), falling from $54.2bn the year prior, whilst the number of deals fell from 2,376 to 2,216. Weak investment in the three months to June 31 2025, hurt the headline figures, with just $18.7bn [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget August 13, 2025 Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
Starting pay growth at slowest pace since 2021 August 11, 2025 Pay for new hires rose at the slowest pace in over four years, fresh data has indicated, in signs redundancies and higher taxes are depressing wage growth. The lack of demand among recruiters and the larger number of job seekers in the UK economy has led to starting salary inflation slowing down to its lowest [...]
London hit with a slowdown in mid-market deal activity August 6, 2025 Mid-market private equity investment in London suffered a fall in the first half of this year, as economic uncertainty and wider geopolitical issues affected investment activity. According to fresh analysis from professional services giant KPMG, the volume of mid-market private equity investment fell 14 per cent in the capital, with just 168 deals completed. KPMG’s [...]
Motor finance lenders still on the hook after Supreme Court ruling August 2, 2025 A lukewarm win in the landmark motor finance case has allowed City banks to skirt a nightmare scenario, whilst still remaining open to a regulatory redress scheme. The Supreme Court found that the customers’ claims against the lenders couldn’t succeed based on fairness, known as equity, or tort, which refers to any wrongful actions worthy [...]
Mark Kleinman: Un-Wise handling of US listing move July 31, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City PM column Wise fails its name in handling of US listing move If only Wise was as smooth at transferring its stock market listing as it is moving its customers’ money. The company founded by Taavet Hinrikus and [...]
NFL HQ was target of New York gunman who killed four, says mayor July 29, 2025 The NFL is believed to have been the original target of the gunman who killed four people on Monday, according to New York City mayor Eric Adams. Examiners think that 27-year-old Shane Tamura, of Las Vegas, was trying to get into the NFL headquarters after shooting several people in the building’s lobby, but ended up [...]
Government consultants pledge under threat as spending jumps July 22, 2025 Government spending on management consultants rose by over £150m during Labour’s first year in office, despite the party’s manifesto pledge to halve the amount departments dish out to third party advisers, City PM can reveal. Total spending on management consultancy contracts totalled £1.44bn during the first 12 months of the government’s four-year term, up from [...]
