Top Stories

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  UK Drops Day 1 Unfair Dismissal Rights, Agrees To 6 Months

  By Adele Redmond

  The government has dropped its plan to give workers protection against unfair dismissal from their first day on ...(read more)

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  Osborne Pro Fights To Reverse SDT's Zahawi SLAPPs Ruling

  By Ronan Barnard

  An Osborne Clarke partner urged a court on Thursday to overturn a ruling by a disciplinary tribunal that he had ...(read more)

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• TV Personality Hit With Gag Order For Special Forces Podcast

  By Sophia Dourou

  A judge has ordered television personality Ant Middleton not to repeat "highly sensitive" accounts made in a podcast of his time in the U.K Special Forces, ahead of his trial for breaching a confidentiality contract.

• Citibank Sues Santander Over $90M Mozambique Bond Row

  By Joanne Faulkner

  The London branch of Citibank N.A. and a company behind the development of a major energy project in Mozambique are seeking declarations from the High Court that Santander owes $90 million under two bond contracts.

• Trader Hid Fraud As Nickel Prices Soared, Trafigura Says

  By Lucia Osborne-Crowley

  A metals trader denied allegations on Thursday that he tried to cover up his alleged nickel fraud against Trafigura when prices shot up in 2022, repeating his accusation that the commodities supplier knew it was trading in sham metal and was in on the scheme.

• Court Ends Block On South Sudan Oil Amid £142M Battle

  By William Janes

  A London court ended on Thursday an injunction that prevented South Sudan from dealing with a shipment of oil amid claims that the country has refused to hand over £142 million ($188 million) of the fuel to an energy company.

• UK Budget A Lose-Lose For Employers And Workers

  By Adele Redmond

  Unemployment is forecast to grow and wages are likely to fall as employers, yet to feel the worst of last year's increase to their national insurance contributions, seek to alleviate the cost of the rising tax burdens announced in Wednesday's Budget.

• UK Launches Reward Program For Tax Fraud Whistleblowers

  By Christopher Crosby

  The U.K. government launched a reward program on Wednesday for whistleblowers who report large-scale tax fraud to HM Revenue and Customs, offering informants significant payouts if investigators can claw back sizable amounts of tax.

• UK Cuts ISA Allowance To Push Cash-Rich Toward Investing

  By Alex Davidson

  The government will cut the tax-free allowance that under-65s can pay into a cash individual savings account each year to £12,000 ($15,854) from the current £20,000, effective from April 2027, to push savers with extra cash toward investment markets.

• Law Firms Spared Partnership Tax Grab In UK Budget

  By Marialuisa Taddia

  The absence of a rumored increase in national insurance contributions for limited liability partnerships in the chancellor's U.K. budget statement on Wednesday suggested that the proposal might have been quietly shelved after heavy lobbying from the legal sector.

• Bahrain Tells Top UK Court It Has Immunity From Spy Claim

  By Joanne Faulkner

  Bahrain told the U.K. Supreme Court on Wednesday that state immunity prevents it from facing personal injury claims from two dissidents who had surveillance software placed on their computers when they were living in Britain.

• Trafigura Nickel Trader Planned $600M Fraud, Gupta Testifies

  By Lucia Osborne-Crowley

  Metals trader Prateek Gupta on Wednesday denied defrauding Trafigura out of $600 million in a nickel scam, saying during cross-examination that the alleged fraud was instigated by Trafigura and that he was merely "following instructions."

• UK To Limit Pension Tax Breaks, Raising Retirement Concerns

  By Martin Croucher

  The U.K. government said Wednesday it will reduce tax breaks on pension salary-sacrifice arrangements, despite fears it could leave millions worse off in retirement.

• Gov't Extends Income Tax Threshold Freeze In UK Budget

  By Josh White

  The U.K. government will extend the freeze on income tax thresholds as part of its plans to raise £26 billion ($34 billion) in tax revenue without raising rates, Chancellor of the Exchequer Rachel Reeves announced Wednesday.