Uk Government

Pensioners will be forced to hand over their bank statements to the Department for Work and Pensions as part of the government's crackdown on the growing benefits system. The DWP is aiming to cut £370m from the benefits bill and will inform thousands of pensioners they will need to provide ban

Anas Sarwar has pledged his commitment to Scotland's financial services sector following a meeting with BlackRock and other industry leaders in Edinburgh. Lord Sarwar stepped down as leader of the Scottish Labour Party before taking up a seat in the House of Lords, so he could take a job within Andy

The Bank of England has been urged by economists to halt its bond-selling programme, arguing it is driving up the government's borrowing costs at the expense of taxpayers. A group of bond investors and analysts warned the bank's approach to unwinding quantitative easing is adding pressure to already

Edinburgh Airport chairman Sir John Elvidge called on the Scottish Government to "take action" to ensure the Scottish National Investment Bank (SNIB) becomes a "permanent feature" of the Scottish financial landscape" in a new report. Sir John urged for the government to collaborate with the UK gover

Former NatWest chairman and financial regulator Sir Howard Davies has launched a scathing attack on the UK's banking framework, claiming that post financial crisis ring-fencing was a "completely useless regulatory intervention" that has "emasculated UK investment banking." Speaking as ministers weig

JPMorgan Chase chief executive Jamie Dimon has warned Chancellor of the Exchequer John Healey against creating a more hostile tax environment for banks. The Wall Street executive urged the UK Government to re-consider its plans to increase taxes on banks ahead of a major pre-Budget lobbying campaign

The Institute of Chartered Accountants of Scotland (ICAS) has called on advisers to help voluntarily sign up their clients to the UK Goverment's new Making Tax Digital (MTD) system to avoid issues caused by automatic enrolment. So far, more than 436,000 sole traders and landlords have successfully s

Scotland generated a record £98.3 billion in revenue during 2025-26: an annual increase of £6.3 billion (6.9%), according to the Scottish Government. The revenue per person in Scotland at £17,718 was similar to the UK average of £17,720 in the same year, when revenue from the

  Andy Burnham's absent economic advisers are a warning sign for UK investors, according to one of the world's largest independent financial advisory organisations.

London Market Group (LMG) has called on the UK Government to add a "ratcheting mechanism" to prevent complacency in the sector as part of the Financial Services and Markets Bill. The trade body proposed changing clause 17 of the draft bill, currently making its way through the House of Commons, in a

Andy Burnham has suffered a major blow after economic heavyweights who were advising him ahead of the Makerfield by-election decided against joining his government following disagreements over potential wealth taxes. Former Goldman Sachs executive Lord Jim O'Neill was reported to have been in discus

A new analysis from the Resolution Foundation has reignited debate over the future of the State Pension Triple Lock, arguing that the policy is too expensive, ineffective at tackling poverty, and unsustainable for the public finances. The briefing, published this week, notes that the State Pension i

The UK government has commissioned an independent review to examine the real-world impact of bank branch closures and determine whether legislative intervention is required to protect access to physical services. Led by Richard Lloyd OBE, the former Which? director and Financial Conduct Authority (F

The UK government has formalised an amendment to the Pension Schemes Bill, marking a shift in how retirement funds can access private markets. By backing down on previous restrictive language, ministers have ensured that the new legislation remains "wrapper agnostic", focusing on the quality an