The Financial Conduct Authority (FCA) has been accused of a “massive overreach” following letters sent to law firms and claims management companies (CMCs) requesting batches of information under the new …
Investing
Reeves’ National Wealth Fund faces ‘very challenging’ growth goal
Rachel Reeves faces an uphill battle as she looks to use her National Wealth Fund to ramp up the government’s economic growth mission, top MPs have warned. The Chancellor has …
Looking for growth is a lot better than hoping for it
Rachel Reeves and Keir Starmer like to say that economic growth is the defining mission of this government, but as the latest data shows it’s starting to resemble Mission Impossible. …
Labour’s payments regulation overhaul more ‘reshuffle than reform’
The Labour government’s plan for a payments system revolution has fallen flat, a top trade body has warned, despite the Treasury’s promise of an “ambitious rethink” of regulatory structure. Chancellor …
Exclusive: Reeves risks Black Market Britain with gambling tax hike
Chancellor Rachel Reeves risks creating “Black Market Britain” if next month’s Budget sees significant tax raids on the gambling sector. Industry insiders have warned of the potentially catastrophic impact on …
AI investment lacks basic safety checks, warns BSI
Many businesses are investing heavily in AI without sufficient safeguards for its implementation, a new study by the British Standards Institution (BSI) has found. While executives are touting AI’s potential …
Exclusive: Cleo founder Hussey-Yeo to head fan bid for Sheffield Wednesday
The founder of fintech unicorn Cleo, Barney Hussey-Yeo, has offered to front a bid to buy struggling Championship club Sheffield Wednesday, City AM can reveal. The Sheffield-born data scientist will …
Smuggling gangs likely to capitalise on tobacco bill, experts say
As the Lords debate Labour’s tobacco and vapes Bill, experts have warned it could hand a major victory to the same organised criminal gangs behind illegal smuggling. Labour’s proposed Bill, …
TikTok US ban threat finally comes to an end
After nearly five years of court battles and geopolitical wrangling, Beijing and the White House might finally be on the verge of ending a major tech standoff. The US treasury …
The smoking ban is emblematic of how the Tories lost their way
The generational smoking ban shows what happens when Conservatives go against their instincts, says Karl McCartney When you are fortunate enough to be elected as an MP you have many …