What is fiscal drag and how you can avoid it? June 6, 2025 Millions more people will find themselves paying higher income tax due to frozen tax thresholds, but there are ways to prepare. Around 8.3m people will be paying more tax by 2029, a forecast from the Office for Budget Responsibility shows. This phenomenon is known as fiscal drag. Fiscal drag occurs when earnings rise but tax [...]
A Wise storm has rocked the London Stock Exchange’s fintech dream June 6, 2025 Hopes of a fintech-powered City markets revival may have been crushed on Thursday after money transfer firm Wise ditched its primary listing. The embattled London Stock Exchange was dealt its latest blow as the UK fintech opted for a dual listing across the Atlantic but with the US acting as its primary base. It’s no [...]
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
Seven in 10 bosses think workers’ rights bill will dent growth June 6, 2025 Over seven in 10 bosses believe the government’s flagship workers’ rights overhaul will kibosh efforts to kickstart economic growth and lead to fewer new hires and more outsourcing of work abroad, fresh research has shown. According to a poll by the Institute of Directors (IoD), 72 per cent of business leaders in Britain believe that, [...]
Labour’s not for turning but the Inheritance Tax battle will rumble on June 5, 2025 Civil servants and politicians could not believe their eyes. As the hoarse grumble of diesel motors thundered along Whitehall, a fleet of tractors descended onto Parliament Square, heralded by a cacophony of honks to the tune of Aqua’s Barbie Girl. Beginning in November, farmers marched to Westminster to protest the government’s inheritance tax (IHT) reforms. [...]
Week in Business: Warning lights in the City as another firm quits London for New York June 5, 2025 The trend has been clear for some time and the evidence points to a story of decline for the UK's capital markets.
Pisces: FCA’s private stock market will worsen FOMO investing June 5, 2025 The FCA's new private stock market Pisces comes into force today, but Carrie Osmon warns the framework risks worsening FOMO investing.
ONS blames government figures after revealing April inflation error June 5, 2025 There was renewed scrutiny over the credibility of figures produced by the Office for National Statistics (ONS) after the government body admitted an error in its inflation calculations for April. According to the ONS, the issue arose after the government overstated the number of vehicles subject to the vehicle excise duty. The UK stats body [...]
‘Never again’: Shadow Chancellor apologises for Truss’ mini-budget June 5, 2025 Shadow Chancellor Mel Stride is set to apologise for the fallout from the 2022 mini-budget, vowing that “never again will the Conservative Party undermine fiscal credibility by making promises we cannot afford.” In a speech later today, Stride is expected to apologise on behalf of the Tory government for having “put at risk the very [...]
Rachel Reeves to shake up pensions to boost UK investment June 5, 2025 The government is set to shake up UK pensions today, with Rachel Reeves planning several government-backed megafunds to boost pension wealth and investment. In the most significant reform to the pensions system since 2021, the bill will focus on six areas – from giving the government a “reserve” power to force pension schemes to invest [...]
