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The balance of power in European football has shifted once again after a record-breaking summer transfer window, with seven clubs now boasting squads valued at more than €1 billion. The surge marks a dramatic rise from just three sides surpassing that threshold last year, underlining how spending and on-pitch success continue to reshape the financial hierarchy of the sport. According to Sportingpedia’s latest analysis, Real Madrid remain the world’s most valuable squad at €1.4 billion,...

A practising barrister has been publicly named by HM Revenue & Customs (HMRC) as a promoter of tax avoidance schemes – the first time a legal professional has appeared on the government’s official list. HMRC said Setu Kamal, a barrister with 20 years’ experience, designed four arrangements marketed through umbrella companies that claimed to reduce workers’ Income Tax and National Insurance liabilities. The schemes were promoted by MLG Pay Limited, The Umbrella Agency Limited, Veqta...

The Trades Union Congress (TUC) has urged Chancellor Rachel Reeves to consider a package of wealth taxes in the autumn budget, arguing that extra revenue is needed to boost public services and demonstrate that Labour is delivering change. Paul Nowak, TUC general secretary, told the BBC that ministers should not “take anything off the table”, including a conventional wealth tax, equalising capital gains tax with income tax, and higher levies on banks and financial institutions....

Lloyds Bank is preparing to axe as many as 3,000 jobs as part of a sweeping performance overhaul aimed at cutting costs and driving profitability. The shake-up, first reported by the Financial Times, would see the bottom 5 per cent of the lender’s 63,000-strong workforce at risk of redundancy. The decision marks the latest stage of chief executive Charlie Nunn’s strategy to streamline the business, reduce expenses and create new revenue streams. Managers have been...

Amidst the surge in the digital economy, cryptocurrencies have gradually become a part of the public consciousness. More and more people are viewing them not only as investment tools, but also as a way to generate stable and ongoing passive income. However, traditional mining faces high barriers to entry and high costs, making it unsuitable for everyone. Consequently, cloud mining has emerged as a more accessible and efficient alternative. Users can join the global crypto...