Bereaved civil service families could face ‘unjust’ tax bills due to pension scheme delays
Bereaved families could face “unconscionable” tax bills because of “chaos” in the civil service pension scheme, the government has been warned.
Policy & regulation
Stratford International on track to get cross-Channel trains in budget boost
Stratford International train station in east London will receive funding in next week’s budget, according to reports, putting it on track to live up to its name and become a hub for cross-Channel services.
What an eyesore! My day at Norfolk’s frightful fridge mountain
This summer alone, 26 local authorities in the UK had to stop accepting fridges and freezers for recycling. Now the appliances are piling up around the country – with no proper disposal date in sight
Former chief executive banned after misconduct led to £4m losses in high-risk investments
The FCA has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Ltd, after he dishonestly acted as a front for a disqualified director using the company to sell high-risk bonds.
How might Andy Burnham tackle Thames Water debacle?
Andy Burnham has told officials to rip up their plans for how to fix Thames Water and present him with more radical options for what to do with the stricken company. Here are some ideas the prime minister is being urged…
Piero Cipollone: Pontes and Appia: unlocking opportunities for banks
Today I will discuss the role of technology in the future of finance.[1] I will seek to outline the conditions needed for technological innovations to genuinely enhance the economic efficiency of the financial system, f…
UK inflation rises by more than expected to 3.5% as war drives up fuel prices
UK inflation climbed by more than expected in September to 3.5% after a surge in prices from the conflict in the Middle East that pushed the cost of diesel above £2 a litre.
Surging fuel prices push UK inflation rate to 3.5% ahead of Budget
The pace of UK price rises accelerated ahead of John Healey's first Budget, pushed up by sharp increases in petrol and diesel prices.
Philip R. Lane: Euro liquidity lines and the international monetary system
The ECB injects liquidity through its refinancing operations (currently the main refinancing operations and the longer-term refinancing operations, with very long-term refinancing operations and targeted longer-term ref…
Tesla and SpaceX explore merger as Elon Musk gives backing
Billionaire, on SpaceX earnings call, says ‘special committees’ exploring idea but no agreement reached yet
Football regulator has ‘absolute power’ to force Manchester City sale if verdict upheld
The Independent Football Regulator (IFR) will have “absolute power” to force Manchester City’s owners to sell if they are ultimately found to have run the club improperly, the watchdog’s chair has said.
‘Too big to not fail’: Google outage exposes UK reliance on a handful of cloud providers
Our dependence on internet services of a few key tech companies leaves us vulnerable to cloud failures, bugs and more, experts say
Jackdaw North Sea gasfield to get go-ahead in blow to climate campaigners
Move signals Andy Burnham’s commitment to North Sea industry but threatens to undermine Labour’s green credentials
Labour will not have the courage to cut spending, says Badenoch
Kemi Badenoch has said Labour will not have the "courage" to make the public spending cuts she argued were necessary to bring down debt and fund defence.
Paddy Power owner blames tax rises for plan to shed up to 1,400 jobs
Flutter says one in 10 UK and Ireland workers at risk of redundancy because of a ‘material increase in betting and gaming duties’
European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says
Thames Water creditors secure former Labour minister to drive rescue deal
Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead
SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
The U.S. Securities and Exchange Commission (SEC) and the French Autorité des Marchés Financiers (AMF) announced that they have entered into a Memorandum of Understanding (MOU) designed to facilitate consultation and in…
Surprise drop in UK unemployment to 4.7% as John Healey’s first budget looms
Unemployment in the UK has fallen unexpectedly in the final snapshot of the jobs market before John Healey’s first budget next week.
Frank Elderson: Interview with Die Presse
Almost without exception, banks complain about the high cost of regulation. Do they have a point? Or are these costs essential for the stability of the banking system?
Jobless rate falls but small firms cut back hiring
The UK's unemployment rate has dropped to its lowest for more than year, but job vacancies have continued to fall as smaller businesses cut back on recruitment, official figures indicate.
New Bradford railway station will ‘transform travel across the north’
A new railway station will be built in Bradford to “transform how people travel across the north”, the government has announced.
How is the US economy really doing under President Trump?
President Donald Trump has been boasting about the performance of the US economy ahead of the midterm congressional elections, claiming he has boosted incomes, reduced inflation and created jobs.
Burnham urges officials to come up with more radical options for Thames Water
Exclusive: Utility seen as ‘litmus test’ of PM’s promise to bring ‘essentials of life’ under public control