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.
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.
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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.
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.
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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.
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.
On February 26, 1995, Britain's oldest merchant bank Barings collapsed after rogue trader Nick Leeson lost £827m through unauthorized speculative trades concealed in an error account.
Haringey Council faces scrutiny after spending nearly £7 million annually on 45 full-time staff, with officials blaming national shortages in key professions like law and accountancy.
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Gwendolyn Westbrook, former CEO of a San Francisco homeless services non-profit, faces nine felony charges for allegedly misappropriating public funds meant to shelter vulnerable populations.
Financial Conduct Authority deputy chief executive Sarah Pritchard says regulators need government guidance on risk tolerance to balance growth and consumer protection.
Thousands of grandparents are missing out on up to £6,600 in retirement income by not claiming specified adult childcare credits from the DWP, which can enhance state pensions.
Construction slowdowns and inflation have jeopardised Barking and Dagenham Council's ability to repay £1.1bn borrowed for regeneration projects, forcing a strategic overhaul.
HM Revenue and Customs is implementing a significant shake-up of the self-assessment tax system through its Making Tax Digital initiative, requiring taxpayers to adopt digital record-keeping and quarterly updates.
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Sky News economics editor Ed Conway explores the Bank of England's secret vaults, holding £64bn in gold, discussing its soaring value and global significance in London.
HMRC collected a record £7.1bn in inheritance tax between April 2025 and January 2026, driven by frozen thresholds and rising asset prices. Experts warn of growing impact on wealth transfer as government reforms loom.
Sky News gains rare access to the Bank of England's underground gold vaults, revealing the world's largest single deposit of gold, its history, and its role in global finance.
The Financial Reporting Council faces an exodus of leadership after government abandons audit reform legislation, raising concerns about regulatory effectiveness in corporate governance.
New York lawmakers propose a new wealth tax targeting high-value property owners, aiming to address inequality and fund public services amid economic pressures.
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Banking leaders are discussing a UK-based payment network by 2030, aiming to enhance financial security and reduce reliance on American giants Visa and Mastercard.
Dame Meg Hillier calls for clarity on risk tolerance as regulators balance growth and oversight. The FCA emphasizes effective regulation over binary debates about rulebook size.
The Netherlands' new capital gains tax on unrealised profits raises questions about fairness and feasibility, with potential implications for the UK's wealth tax discussions amid legal and political pressures.
Council tax is set to increase in 33 London boroughs from April 2026, with most raising rates by 4.99%. Discover the exact percentages and costs for each borough, including exceptions like Wandsworth and Westminster.
UK bank bosses are holding talks to establish a national payments network, aiming to reduce reliance on US-owned Visa and Mastercard amid concerns over potential disruptions.
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Australia is set to witness a massive $54 trillion wealth transfer through inheritance, raising critical questions about economic equality and social impact.
