Visa is in advanced talks to relocate its European headquarters to London’s Canary Wharf, in a vote of confidence for the Docklands business district following a wave of recent tenant departures. According to people familiar with the matter, the global payments giant is preparing to take over approximately 170,000 sq ft of space at One Canada Square — the iconic 50-storey tower previously occupied by credit ratings agency Moody’s. Moody’s announced last year that it...
The average age of cars on UK roads has reached a record nine years and 10 months, as drivers keep vehicles for longer amid rising costs and improved build quality, according to new data from the RAC Foundation. The motoring charity has warned that while longer-lasting cars may help hard-pressed households, they could also delay the shift to electric vehicles (EVs) — a key pillar of Britain’s net zero plans. The RAC Foundation’s analysis of...
Sir Keir Starmer is facing growing pressure to review Labour’s ban on the sale of new petrol and diesel cars by 2030, as automotive leaders warn the target is increasingly unrealistic amid mounting challenges across the sector. Liam Butterworth, chief executive of Dowlais Group, one of the UK’s last remaining listed automotive engineering firms, said the government must consider relaxing the current 2030 deadline, describing the goal as “very difficult, if not impossible” to achieve....
More than £105 million in Premium Bond prizes remains unclaimed by savers across the UK, with 2.6 million prizes still waiting to be collected — including 11 worth £100,000, according to new figures from National Savings and Investments (NS&I). The Treasury-backed savings institution confirmed that over 140 of the unclaimed prizes are valued at £10,000 or more, while the majority — more than 1.8 million — are for the minimum £25 prize. Alongside the 11...
Almost one in ten UK businesses has lost staff in the past year after requiring them to return to the office, as tensions mount between employers’ productivity expectations and workers’ demand for flexibility. New research from the British Chambers of Commerce (BCC) shows that 9 per cent of firms have seen employees resign due to the removal of remote working options, while nearly half (48%) expect staff to return to the office full-time within the...
Parents at Britain’s leading private schools have prepaid more than £500 million in school fees to avoid Labour’s new 20 per cent VAT charge, according to newly released figures — a move that could significantly reduce the short-term revenue the government hoped to generate from its controversial tax reform. An analysis of annual accounts filed with Companies House and the Charity Commission, reported by The Daily Telegraph, found that the UK’s top 50 independent schools...
Chancellor Rachel Reeves is facing mounting pressure to outline major tax rises or spending cuts in her autumn Budget, after economists warned she will need to raise an additional £50 billion a year by 2029/30 to meet her own fiscal rules and stabilise the public finances. In a stark warning, the National Institute of Economic and Social Research (NIESR) said Reeves’ carefully preserved £9.9 billion fiscal buffer—announced in March—has now been wiped out. The think-tank...
Disgraced fund manager Neil Woodford and his now-defunct investment firm have been fined a combined £46 million by the Financial Conduct Authority (FCA) for mismanaging the Woodford Equity Income Fund, which collapsed in 2019 and left hundreds of thousands of retail investors out of pocket. Woodford, once hailed as one of Britain’s most successful stockpickers, has also been banned from holding any senior role in the City, with the FCA declaring him “not fit and...
The digital gambling landscape in Canada is experiencing an unprecedented boom. With a surge in both domestic and international operators entering the market, Canadians now have access to a growing variety of options, far more than just a few years ago. If you’ve been browsing or searching for new online casinos in Canada, you’re far from alone. The market is expanding rapidly, driven by regulatory shifts, evolving technologies, and changing consumer behavior. But what’s fueling...
A growing number of UK businesses are turning away from traditional Virtual Private Networks (VPNs) and embracing proxy services as their preferred tool for digital operations, amid tightening regulatory scrutiny and increased awareness of performance and compliance risks. According to new data from Decodo, a leading provider of proxy infrastructure, the UK has seen a 65% rise in proxy users and an 88% increase in proxy-generated traffic over the past year. The trend is being...
