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Santander’s tax warning intensifies pressure on UK banking tax policy. Ana Botín has criticised sector-specific taxation as banks argue competitiveness and investment are being constrained.
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Private equity’s latest recovery has stalled before gaining momentum again. Bain says AI disruption, private credit stress, and energy-price pressure have hit dealmaking, fundraising, and exits.
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Banking access is back on the government’s regulatory agenda today. The Treasury review will examine whether branch closures and reduced face-to-face services are harming consumers, communities, and businesses.
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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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Commercial woodland investment is facing sharper scrutiny over biodiversity impacts. The Todrig dispute highlights tensions between tax-efficient natural assets, commercial forestry, carbon claims, and local ecological protection.
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Frasers is considering a major move into regional retail property. A potential £500m Metrocentre bid would extend the group’s strategy of owning destination retail assets.
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Ministers are moving faster on the planned ground rent cap. The proposed £250 annual limit could now arrive in late 2027, affecting leaseholders, freeholders, developers, and property investors.
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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.