Category : Search result: bank taxes


Reeves mulls second alcohol duty increase

Chancellor Rachel Reeves could raise alcohol duties by RPI inflation to fill £30bn fiscal hole. Industry warns of pub closures and job losses. Read the latest budget speculation.

ABN Amro Buys NIBC Bank from Blackstone

Dutch banking giant ABN Amro acquires NIBC Bank from Blackstone in strategic expansion. Deal strengthens commercial banking presence with €672 million transaction.

UK volunteer for Ukraine has bank accounts closed

Santander closes all UK bank accounts of British humanitarian volunteer working in Ukraine without explanation, raising concerns about banking restrictions affecting Ukraine support efforts.

UK Banks Sound Alarm Over Competitive Threat

UK banking chiefs warn that regulatory disparities with the US and rising private credit threaten London's status as a global financial hub. Read the full analysis.

UK Jobs Data Fuels December Rate Cut Hopes

UK unemployment jumps to 5%, sparking expectations of a Bank of England interest rate cut in December. Discover how this impacts gilt markets and the economy.

UK unemployment rate rises to 5%, a four-year high

UK unemployment climbs to 5%, its highest in four years, creating a major challenge for Chancellor Rachel Reeves's upcoming budget. Explore the implications for interest rates and the economy.

UK unemployment hits four-year high of 5%

UK unemployment rate surges to 5%, the highest level since February 2021. Payroll numbers fall as wage growth slows. What this means for the economy and interest rates.

Banks set to escape tax rises in Reeves budget

Chancellor Rachel Reeves is expected to spare Britain's banking sector from tax rises in her first major Budget, despite previous Labour criticism of bank profits during the cost-of-living crisis.

Bank of England Holds Interest Rates at 5.25%

The Bank of England maintains interest rates at 5.25% amid political pressure and economic uncertainty, setting the stage for a crucial budget announcement from Rachel Reeves.

Supreme Court to Review Trump Tariff Authority

The US Supreme Court has agreed to hear a landmark case challenging Donald Trump's authority to impose sweeping tariffs, setting up a constitutional battle with global economic implications.

BDO fined £6.5m for fake audit evidence

The UK's accounting watchdog has handed BDO a massive £6.5 million penalty after discovering the audit giant fabricated documents and misled investigators in the Aldermore Bank audit case.

Bank of England Holds Interest Rates at 5.25%

The Bank of England maintains interest rates at 5.25% as Governor Andrew Bailey signals caution on inflation. Markets react as pound stabilises and budget concerns loom.

Michelle Mone-linked firm owes £39m in taxes

A company connected to Conservative peer Michelle Mone owes HMRC £39 million in unpaid taxes, raising fresh questions about government procurement during the pandemic.

Kimmel slams food aid cuts at UK food bank

American talk show host Jimmy Kimmel uses London platform to condemn SNAP benefit reductions while volunteering at food bank, highlighting growing poverty crisis.

V&A East Museum opens 25 March 2025 in Olympic Park

London's monumental new V&A East Museum in Queen Elizabeth Olympic Park announces its 25 March 2025 opening with groundbreaking exhibitions celebrating global creativity and fashion history.

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