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Climate reporting reform could cut costs for investment managers annually. The FCA wants simpler investor-facing climate-risk information to replace detailed TCFD product reports.
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City institutions want financial services placed inside the EU reset. UK Finance says closer cooperation would reduce duplication, improve capital flows, and support investment without rejoining the single market.
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Openwork has joined bidders pursuing Schroders’ Benchmark advice business sale. The potential £250m deal reflects continuing consolidation across wealth management, adviser networks, and platform infrastructure.
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HMRC wants closer reporting of owner-manager company withdrawals and loans. The proposals would give the tax authority more detailed data on transactions between close companies and their participators.
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Crest Nicholson’s lenders have appointed advisers as covenant talks continue. The housebuilder has delayed half-year results while negotiations over temporary covenant relief progress towards a mid-July conclusion.
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UK accountants are fielding more questions on European expansion routes. New e-Residency research suggests digital-first structures are now being recommended ahead of traditional EU subsidiaries by more advisers.
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Making Tax Digital is moving from policy into workflow reality. Accountants still face practical questions around quarterly updates, HMRC calculations, client approvals, and deadline pressure before the first August filing.
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UK services data has turned cautious after months of resilience. The latest PMI shows output, new work, hiring, and confidence weakening as companies confront soft demand and persistent cost pressure.
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Salary sacrifice reforms could weaken pension saving for millions nationally. LCP says more than 2.8 million workers are expected to reduce contributions after the 2029 cap takes effect.
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UK growth forecasts now point to weaker investment and hiring. The BCC expects GDP to rise by 0.9% in 2026, with business investment falling 2.2% and inflation peaking at 3.8% by year-end.