Finance & Risk
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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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Legal mergers slow as firms await private equity windfall
UK law firm mergers fall 25% amid PE speculation
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Government housing bank opens £16bn lending tap
State lender targets 500,000 new UK homes.
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Labour’s bookmaker tax plan draws fire from racing sector and Tories
Gambling tax reforms spark backlash over racing and high street risks
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UK M&A deals of the week: 14 June 2025
Telecom, tech, private equity deals define a dynamic UK week.
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Disney and Universal sue AI firm Midjourney over ‘bottomless pit of plagiarism’
Disney and Universal have filed a landmark lawsuit against AI image generator Midjourney, accusing the San Francisco-based company of large-scale copyright infringement and calling its tools a “bottomless pit of plagiarism”. Read more: Disney and Universal sue AI firm Midjourney over ‘bottomless pit of plagiarism’
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UK M&A deals of the week: 7 June 2025
Consolidation accelerates across telecoms, energy, and infrastructure
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Macquarie, BCI acquire waste-to-product recycling company Renewi
Macquarie Asset Management and British Columbia Investment Management Corporation (BCI) have announced the completion of their acquisition of the European waste-to-product company Renewi, in a deal valuing the company at approximately £707 million ($957 million USD). Based in the UK, Renewi specialises in extracting value from waste and used materials, diverting waste from incineration or…