Rachel Reeves’ matchmaker moment July 23, 2025 Finance bros and gals are often seen oozing confidence as they strut their stuff around the streets of Canada, imagining they’re the main characters on hit show Industry. But it would be a mistake to assume these investor strategists, expert consultants and risk analysts are libertarian dreamers, swashbuckling Reagan fanatics and small-state [...]
Goldman Sachs boss: London finance lead ‘fragile’ July 23, 2025 London’s position as a global financial centre is at risk from years of anti-business policies that are pushing talent and capital abroad, the boss of Goldman Sachs has warned. David Solomon highlighted a damaging combination of Brexit, the UK’s tax burden, constrictive regulation, and the recent decision to abolish the non-dom regime have all harmed [...]
UK sanctions 25 targets in illegal migration crackdown July 23, 2025 The UK government has banned 25 people smugglers, fraudsters, and bankers in the first set of sanctions aimed at curbing illegal migration, putting pressure on countries across Europe and the Middle East to follow suit. The Foreign Office has disclosed the names of 24 individuals and one company it has accused of facilitating people-smuggling and [...]
OpenAI: ChatGPT maker’s UK earnings skyrocket July 23, 2025 OpenAI has raked in millions of pounds since the launch of artificial intelligence (AI) service ChatGPT in the UK, it has been revealed. The UK division of the US tech giant ended last year with current assets of £56.2m which included £42.4m in the bank and a further £13.7m owed by debtors, according to new [...]
One month on, the wheels are already coming off the government’s industrial strategy July 23, 2025 Today marks one month since the publication of the government’s shiny new industrial strategy. Businesses everywhere could hardly contain their excitement after hearing the scale of Downing Street’s ambitions. So, what has happened since? Here are some of the highlights. A biodiesel plant in Lincolnshire has been closed, as well as a nearby bioethanol plant. [...]
Starmer must face down the self-righteous clowns on his back benches July 23, 2025 Keir Starmer’s attempt to select compliant MPs has backfired, producing a rebellious and ill-informed parliamentary party that has already successfully vetoed its own government’s economic policy, says Paul Ormerod A fundamental feature of the social and economic world is that intentions are not the same as outcomes. Morgan McSweeney and his colleagues exercised very close [...]
Rachel Reeves: It’s not progressive to pay off US hedge funds for debt July 22, 2025 Chancellor Rachel Reeves has said there is “nothing progressive” about paying off US hedge funds which hold government bonds, hours after the Office for National Statistics (ONS) revealed debt interest payments in June were double levels seen at the same time last year. In a hearing at the Economic Affairs Committee, Rachel Reeves said she [...]
Exclusive: Ministry of Defence fends off fake invoices in battle against fraudsters July 22, 2025 The Ministry of Defence has dismissed more than a thousand invoices in each of the last three years in a warning sign that fraudsters are targeting government services. A Freedom of Information request has unveiled the extent of invoices given the red flag by the government and their total value. These can include claims for [...]
Deregulation drive risks repeat of financial crisis, Bank of England governor says July 22, 2025 The governor of the Bank of England has distanced himself from Chancellor Rachel Reeves’ deregulation agenda, suggesting the move could cause a repeat of the 2008 financial crisis. Andrew Bailey told MPs on the Treasury Committee that the UK “cannot compromise” on financial stability after the government laid out plans to remove regulatory red tape [...]
UK Government response to alleged Russian elections interference upheld by ECHR July 22, 2025 The UK Government's response to alleged Russian interference in UK elections, including the 2019 general election, did not violate the right to free elections, rules top European court
