Category: News

HMRC has for the first time named a practising barrister, Setu Kamal, on its tax avoidance promoter list after finding he designed four schemes to avoid Income Tax and National Insurance.

Lloyds Bank is set to review staff performance in a cost-cutting overhaul that could see 3,000 roles cut, as chief executive Charlie Nunn pushes to offshore jobs and embed a high-performance culture.

The TUC has called on Chancellor Rachel Reeves to consider new wealth taxes on banks, financial institutions and high earners in November’s budget, warning Labour risks disillusioning voters if it fails to deliver change.

Cosmetics retailer Lush has shut its UK shops, website and factories for a day in solidarity with Gaza, displaying “Stop starving Gaza” in store windows and pledging proceeds from a relaunched soap to medical services.

Deputy Prime Minister Angela Rayner has admitted she underpaid tax on her £800,000 Hove property, saying she relied on incorrect legal advice. She has referred herself to HMRC and the ministerial standards adviser.

The yield on 30-year UK gilts has climbed to 5.75%, the highest since 1998, amid a global sell-off in long-dated government debt. Rising borrowing costs heap pressure on Rachel Reeves ahead of the 26 November budget.

After 23 years together on Top Gear and The Grand Tour, Jeremy Clarkson, Richard Hammond and James May have wound down their joint company W. Chump & Sons, closing the door on their TV partnership.

The Scotch Whisky Association has called on Chancellor Rachel Reeves to announce a multi-year freeze on spirits duty in the 26 November budget, warning rising taxes are harming pubs, restaurants and Scotland’s economy.

Jaguar Land Rover has suffered a crippling cyber incident that forced it to shut down systems, halt production at its Halewood plant, and suspend new car registrations. The company says no customer data has been stolen.

The Treasury has set 26 November for Rachel Reeves’s autumn budget, with the chancellor under pressure to plug a £40bn deficit while honouring Labour’s pledge not to raise income tax, NI or VAT.

Andy Summers and Stewart Copeland have launched legal action against Sting, claiming credit for The Police’s 1983 global hit ‘Every Breath You Take’ more than four decades after its release.

London mayor Sadiq Khan has urged organisers to cancel Britain’s biggest arms fair, DSEI 2025, saying it offends asylum seekers and is “inappropriate” during Israel’s ongoing military campaign in Gaza.

The CBI has warned that Britain’s private sector faces contraction over the next three months as firms cut back on investment and hiring amid fears Rachel Reeves will raise taxes again in the autumn Budget.

Gold prices hit a record $3,508 an ounce as investors bet on a September Fed rate cut and voiced concern over threats to central bank independence after Trump’s clashes with Jerome Powell and Lisa Cook.