JPMorgan has announced it will build a 3m sq ft tower in East London’s Canary Wharf, its largest office in EMEA, housing up to 12,000 employees. The investment, worth £9.9bn ($13.1bn) over six years, will create 7,800 jobs. JPMorgan chairman Jamie Dimon cited UK economic policy and the government’s growth agenda as key factors behind…

More than 1.7m people will pay more income tax after Chancellor Rachel Reeves announced a three-year extension to the freeze on thresholds that will see some workers dragged into paying the tax for the first time and others shifted into higher bands as earnings increase. It means the income tax personal allowance will remain at…

The UK government has been warned that its plan to ban operators of critical national infrastructure from paying ransoms won’t stop cyber attacks and could result in essential services collapsing.

The High Court in London has ruled that BHP, the world’s biggest mining company, is legally liable for one of the worst environmental disasters in the history of Brazil. Hundreds of thousands of Brazilians, around 2,000 businesses, and dozens of local governments had sued BHP over the collapse of the Fundao dam in Mariana, in…

The government has reversed its decision to raise income tax. A source said that Prime Minister Keir Starmer and Chancellor Rachel Reeves decided against the tax increase after a series of intense briefings and amid concern over the response from voters. Instead, they may consider smaller tax-raising measures to address a shortfall in the public…

Nick Glynne, CEO of Buy It Direct, predicts that automation and AI will reduce the company’s workforce by two-thirds within three years. Currently employing over 800 staff, the firm may cut more than 500 jobs due to rising operational costs. Mr Glynne told BBC 5 Live’s Wake Up To Money that future prospects for hiring…