Digital bank Monzo is in early discussions with Brazilian fintech powerhouse Nubank over a potential acquisition that could reach a valuation of between £8bn and £10bn. The UK fintech has been approached
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The Conservative Party has unveiled plans to restrict how benefit claimants spend their welfare payments using a dedicated spending card. Under the proposed crackdown, unemployed people on benefits would see their payments
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Chancellor John Healey and Prime Minister Andy Burnham could raise £26bn through sweeping reforms to capital gains taxes and national insurance contributions, according to a new academic proposal. Researchers at the Centre
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The FTSE 100 is poised to make gains on Monday morning, according to futures data from investment platform IG, reversing some of Friday’s sharp declines. The blue-chip index closed 1.5 per cent
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The UK economy is forecast to grow 1.3 per cent in 2026, according to the latest economic outlook from KPMG, despite mounting cost pressures in the second half of the year. Household
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The Bank of England is widely expected to leave its 3.75% Bank Rate unchanged on Thursday, even as inflation climbs well above its 2% target. Markets are pricing in more than an
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Morrisons has reported a strong acceleration in sales as the private-equity-owned supermarket pushes closer to £1bn in cumulative cost savings. Like-for-like sales jumped 3.2 per cent to £1.4bn in the three months
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Overall card spending in the UK rose 2.1 per cent year-on-year in August, reaching its highest level in 13 months, according to new data from Barclays (LSE: BARC). The figure builds on
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Chancellor John Healey is set to pump £150m into start-ups across the North of England as part of the government’s wider devolution and economic growth agenda. The fund will be directed at
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Reform UK leader Nigel Farage has moved to contain the fallout from a damaging undercover investigation, dismissing controversial remarks by senior party figures as “loose pub talk.” The party endured a bruising
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