Leading economists on City AM's Shadow Monetary Policy Committee recommend the Bank of England maintain interest rates at 3.75% due to Middle East conflict risks. The 7-2 vote highlights concerns over energy price volatility and inflation persistence.
London Councils urges Mayor Sadiq Khan to allocate half of the £352 million annual tourist levy to local boroughs for street cleaning and safety services in tourist hotspots.
A senior Bank of England official states artificial intelligence will never be bias-free, urging financial institutions to adopt bias-aware governance and testing protocols.
The Bank of England's plan to replace historic figures with British wildlife on banknotes ignites debate, with critics calling it 'woke' and supporters praising inclusivity.
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The UK government announces sweeping reforms to the Financial Ombudsman Service, introducing a 10-year complaint time limit and new FCA referral mechanisms to restore impartial dispute resolution.
A new study reveals a sharp decline in charitable giving in the UK, with donations dropping by £1.4bn in 2025. Nearly half of non-donors cite affordability issues, signaling a shift in cultural norms.
High-net-worth individuals from the UAE are bypassing the UK for Ireland and France to avoid tax liabilities amid missile attacks, with HMRC unlikely to grant exceptions.
New South Wales emerges as the primary loser in Australia's latest GST redistribution, while Western Australia secures an extra $5.5 billion, sparking debate over fiscal fairness.
A local government finance expert warns Croydon Council's best financial outcome for 2026 is simply avoiding further decline, as it struggles with £1.4bn debt and ongoing reliance on government support.
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New research reveals Australia's capital gains tax discount disproportionately benefits high-income electorates like Wentworth in Sydney, with calls for reform to address inequality.
The Bank of England has seen a wave of departures, including senior staff, under a resignation scheme aimed at reducing headcount amid operational changes.
The Bank of England's decision to replace British icons like Winston Churchill and Jane Austen with animal images on banknotes has ignited controversy over national identity and symbolism.
A single UK ticket-holder has claimed a staggering £181 million EuroMillions jackpot, marking one of the biggest lottery wins in British history. The winner matched all numbers in the draw.
Lambeth Council has formally approved its 2026/27 budget featuring a 4.99% council tax increase, £99 million in savings, and significant investments in social care and antisocial behavior programs.
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Multimillionaire financier Crispin Odey launches legal challenge against the Financial Conduct Authority's £1.8m fine and industry ban, while facing multiple lawsuits over sexual misconduct allegations he denies.
The Bank of England is set to reduce its workforce by nearly 450 staff members as part of a significant cost-cutting strategy, aiming to streamline operations and enhance financial efficiency amid economic pressures.
New research reveals single people spend £1,759 more per year on essentials than couples. Experts explain the financial challenges and offer practical solutions.
A Bexley resident has under a month to claim a £10.6 million lottery prize before it's lost forever. National Lottery data reveals multiple unclaimed million-pound wins across the UK.
The City of London Corporation has approved a budget increasing business rates by 1p in the pound, council tax, and social rents as it faces a £59m government funding reduction and projected deficits reaching £62m.
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Lewisham Council's 2026/27 budget includes a 4.99% council tax hike, £35 million in savings, and £5.1 million for road and pavement improvements in Catford and beyond.
London Assembly Members demand City Hall lobby Chancellor to reverse National Insurance increase that cost hospitality sector nearly 100,000 jobs in restaurants, pubs, and hotels.
The UK's £100,000 income threshold creates punitive tax rates that distort career decisions and limit investment potential among mid-career professionals, undermining economic growth.
A new report reveals that NYPD misconduct settlements cost New York City taxpayers billions each year, highlighting systemic issues and financial burdens.
Katharine Braddick, a veteran of Barclays and the Treasury, takes over as head of the Prudential Regulation Authority with a mandate to drive growth and deregulation in UK banking.
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An East London family exploited Bounce Back Loans during the pandemic, using £150,000 for house upgrades and private school fees. Four members received sentences including prison terms.
Reform UK's proposal to consolidate local council pension schemes into a sovereign wealth fund misunderstands fiduciary duties, risking legal challenges and investment mismatches for pensioners.
The Bank of England Act 1946 came into effect 80 years ago, formalising state ownership of the central bank. This move by the Labour government marked a symbolic shift in economic policy, though day-to-day operations saw little change.
NS&I reduces the premium bonds prize fund from 3.6% to 3.3%, lengthening odds from 22,000-1 to 23,000-1. Higher-value prizes decrease while £25 wins rise, impacting 22 million holders.
The International Monetary Fund has approved a substantial $8.1 billion loan package for Ukraine to support its economy during the ongoing conflict, marking a critical financial lifeline.
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From April 2026, over 860,000 sole traders and landlords must file quarterly tax updates under Making Tax Digital, with income thresholds set to drop, raising concerns about administrative burdens.
