Kwasi Kwarteng: Labour ‘at Risk’ without More Tax Rises Amid Bond Jitters
Former chancellor Kwasi Kwarteng warned that the UK may need to introduce tax hikes as early as November to fund energy subsidies amid soaring oil prices and a sudden spike in government bond yields. He likened the current market turbulence to the 2022 mini‑budget crisis, suggesting any subsidy will ultimately be paid for by higher taxes. The warning puts Labour under pressure to devise a fiscally responsible response ahead of the next election. Simultaneously, Kwarteng announced Nigel Farage’s £215,000 investment in his crypto firm Stack BTC, sending the small‑cap’s shares sharply higher.
Nothing Risks Removal From UK Register over Late Accounts
Nothing Technology Ltd received a First Gazette notice after failing to file its 2024 accounts, triggering a potential strike‑off process that could dissolve the company within two months. The overdue filing was due by 31 December 2025, and the latest publicly available...
Klarna Delivers $1bn Quarter but Shareholder Returns Take Beating
Klarna posted a record fourth‑quarter revenue of just under $1 billion, a 38% year‑on‑year rise, while gross merchandise volume hit $38.7 billion, up 32%. Active customers grew to 118 million, and the firm continued its push to become a full‑service bank. Despite the...
Relx Reassures as AI Fears Hit Data Stocks
Relx posted FY2025 revenue of £9.59 bn, a 7% increase, with operating profit climbing to £3.03 bn and earnings per share rising to 112.6p. The company also raised its full‑year dividend to 67.5p and completed £1.5 bn of share buybacks. These results arrived...
