The government must scrap stamp duty taxed on share trades or risk a growing number of firms quitting London for the New York Stock Exchange, investment bank Peel Hunt has …
Investing
FTSE 100 Live: Retail sales, consumer confidence data
Good morning from the City AM liveblog team. As we get closer and closer to the Budget, businesses are becoming more and more vocal on their concerns over what could …
A mansion tax would hit ordinary Londoners and stall the market
A rumoured tax raid on sales of properties over £1.5m would be a disaster for Londoners, says James Evans With the Treasury neither confirming nor ruling out the prospect of …
Motability cuts? Rachel Reeves is taking British taxpayers for a ride
Rachel Reeves pledge to reform the absurd Motability scheme essentially amounts to giving alcoholics Peugeots instead of a BMWs, says Jack Rankin As Rachel Reeves continues to take the scenic …
Motor finance: Where do the banks, regulator and Treasury stand?
The UK banking sector had hoped the Supreme Court’s motor finance ruling would finally switch off the hazard lights and allow lenders to return to business as usual. The industry …
Consumer confidence remains downbeat amid Budget wariness
A small lift in consumer confidence over October has failed to take a leading index into positive territory amid fears that the upcoming Budget could damage personal finances. Labour has …
Can Britain’s AI growth lab speed up innovation without risking safety?
The UK government’s recent unveiling of an AI ‘growth lab’ – a sandbox designed to let companies trial AI under relaxed regulatory conditions – has been hailed as a bold …
Another US lender tumbles as credit jitters accelerate
Another mid-sized lender filed for bankruptcy in the US, highlighting the growing strain in American credit markets which Andrew Bailey has likened to the subprime crisis that foreshadowed the Great …
Would you trust an AI to handle your divorce?
AI could sweep away the power end of the legal market but it’s no match for a top divorce lawyer, says Ayesha Vardag AI is the buzzword of the moment. …
Rachel Reeves launches ‘Scale-up Unit’ in bid to woo fintechs
Rachel Reeves will today launch the Treasury’s latest initiative to woo the UK fintech sector with the introduction of a “Scale-Up Unit”. In a visit to Leeds, the Chancellor will …