Accounting & Finance
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UK borrowing hits £17.7bn in May – signs point to looming tax rises
Government borrowing rose to £17.7bn in May. This marked the second-highest May figure in over three decades, exceeding expectations and reigniting debate over the UK’s fiscal path. While tax receipts continue to climb, the persistent deficit and pressure to fund public services suggest the Chancellor may soon face difficult decisions on taxation.
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Fed holds rates as tariff risks rise
Federal Reserve pauses again amid economic pressure. The US central bank held its benchmark rate steady for a fourth time, as policymakers warned of inflationary pressure from rising tariffs and signalled a slower path to future rate cuts.
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Allianz to cut 650 UK insurance jobs
Digital overhaul triggers major restructuring effort.
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Government housing bank opens £16bn lending tap
State lender targets 500,000 new UK homes.
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OECD warns Reeves over fragile fiscal buffer
Chancellor told UK is “one shock away” from breaching rules
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BoE’s Alan Taylor plays down April CPI jump
BoE’s Taylor signals CPI jump won’t derail June cut.
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BNPL regs and fintech’s tipping point
UK fintech is entering a new regulatory era, with BNPL reforms likely just the beginning for fast-growing digital finance sectors.
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Retail checkout faces reality check as BNPL regulation looms
New UK rules for BNPL raise critical questions about ecommerce UX, conversion rates and whether frictionless finance is now a fading fantasy.
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BNPL regulation signals reckoning for fintech lenders
New UK rules will bring BNPL under formal credit law, forcing a strategic reset for fintech lenders and investors.
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CVC co-founder Rolly van Rappard considers Milan move amid UK tax reforms
Rolly van Rappard, co-founder of private equity firm CVC Capital Partners, is reportedly contemplating relocating from London to Milan in response to recent UK tax changes.