A privately owned central business district in London’s Isle of Dogs, a global financial hub.
The world’s biggest bank chief warns that an uncompetitive tax system will push capital out of the country. He says tax policy could alter plans for a new Canary Wharf HQ and pressures on the government to avoid punitive levies on banks.
Banks have reported stronger half-year profits amid sustained higher interest rates, with Barclays, Lloyds, and NatWest expected to post gains. Analysts foresee continued earnings growth as the sector navigates mortgage stress and potential increases in bad debt provisions. The sector remains buoyant but faces scrutiny over tax policy and regulatory expectations.
The Home Office has proposed housing 1,250 asylum seekers at a former military site near Piddington, triggering protests from residents and remarks from politicians about shared responsibility. Ministers say the scheme is contained and more affordable than hotels, while communities push back over location, process and safety concerns.
A wave of extreme heat is forcing people to rethink work, commuting and leisure. From London offices to outdoor pools, residents are adapting with new routines and strategies in response to record temperatures this summer.
Bankers warn that higher levies could drive investment and jobs away, while politicians face pressure to fund cost‑of‑living measures. Dimon cautions that an uncompetitive tax system risks capital flight as Healey prepares to deliver his Budget.