
Reform has pledged a substantial rise in personal tax allowances. Robert Jenrick says a Reform government would lift the personal allowance from £12,570 to £15,000 within 100 days, with a longer-term £20,000 ambition.

August’s US dealmakers concentrated capital around scale, infrastructure, and control. Aon, Stripe, Curium, Victory Capital, and Williams led a month in which buyers paid for distribution, AI routing, specialist healthcare, investment platforms, and energy networks.

FCA research highlights concentrated liquidity risks across alternative investment funds. The regulator’s first market-wide analysis comes as UK-managed alternative assets reach £1.8tn and private credit expands rapidly.

August’s UK dealmakers turned contested approaches into major committed transactions. Prologis and Apollo secured SEGRO and easyJet, while MARI bought ATG Entertainment and sponsor-backed bids for Harworth and Pinewood.AI kept valuation, scarcity, and private capital at the centre of the UK market.

Revolut has secured conditional approval for a United States bank. The fintech plans to invest about $95m and launch in 2027, subject to further regulatory approvals from US authorities.

August’s European M&A market concentrated capital around strategic control points. Banking defence, logistics scale, radiopharma, aviation, and electrification showed buyers paying for assets and capabilities that would be slow, regulated, or expensive to reproduce.

Apple faces a £2bn UK lawsuit over app tracking rules. Developers allege its privacy framework created unfair competitive restrictions, while Apple says the same requirements apply to its own services.

Bank economist Huw Pill has renewed pressure for higher rates. The Bank of England chief economist argues that a move to 4% could contain inflation risks before they become more persistent.

Hayward Wright has appointed a manager to support national expansion. Mia Mahoney joins from Gowling WLG after the accountancy group broadened its footprint through acquisitions in Birmingham and Yorkshire.

ENRC has settled litigation linked to Britain’s abandoned corruption investigation. The confidential agreement with the Serious Fraud Office and Dechert closes a long-running dispute over conduct surrounding the former criminal probe.