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Thursday newspaper round-up: Stamp duty, pensions, Tate galleries, Flutter

(Sharecast News) - Rachel Reeves has been urged to abolish the "sin tax" of stamp duty in the budget by property experts including TV presenter Kirstie Allsopp, as the chancellor faced calls to replace it with an annual property tax. Allsopp, presenter of Channel 4 property shows including Location, Location, Location, said "people are in a panic" about potential stamp duty changes, and "sitting tight" ahead of the 26 November budget. - Guardian Bots and third parties will be banned from booking driving tests as part of a government shake-up to tackle a severe backlog of almost 670,000 learners booked in for a practical assessment. The Department for Transport (DfT), which recently consulted on how to crack down on touts reselling test slots at inflated prices, said that only learner drivers themselves and not their instructors would be able to make bookings. - Guardian

Rachel Reeves's plans to unlock billions of pounds from private sector pensions risks a repeat of the Robert Maxwell embezzlement scandal, his victims have warned. The Association of Mirror Pensioners (AMP), which was set up after it emerged that Maxwell had raided £450m from his companies' retirement funds, branded Ms Reeves's plans to relax rules around gold-plated pension schemes "a recipe for disaster". - Telegraph

Workers at the Tate galleries have voted to strike in a move that threatens to disrupt the opening of a new JMW Turner and John Constable exhibition later this month. Public and Commercial Services (PCS) union members voted overwhelmingly in favour of strike action in a dispute over pay and the loss of staff benefits. - Telegraph

A former senior WPP executive has claimed he was fired for blowing the whistle over the alleged concealment of billions of dollars in client rebates at the advertising group. Richard Foster, the British former global chief executive of Motion Content Group, a subsidiary of GroupM Worldwide, now known as WPP Media, has filed a lawsuit in New York against WPP and GroupM seeking damages of more than $100 million. WPP said the company would defend itself against the allegations "vigorously". - The Times

Flutter Entertainment, the world's largest online betting company, sharply cut its full-year profit growth forecast on Wednesday, primarily due to another long winning streak by gamblers that increased its payouts. Already No 1 in the booming US sports-betting market through its FanDuel brand, Flutter and its partner CME Group also announced the launch of the FanDuel Predicts app next month to target what it described as a significant growth opportunity in the rapidly expanding event contracts market. - The Times

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Tuesday newspaper round-up: consumer confidence, easyJet, Thames Water
(Sharecast News) - Consumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men's football World Cup and more people holidaying in the UK lifted summer spending. A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long period of heightened uncertainty. A long-running monthly consumer spending survey by Barclays showed that 30% of those surveyed felt confident about the strength of the UK economy in July - representing a 21-month high and a six-percentage-point improvement on June. - Guardian
Monday newspaper round-up: Harvey Nichols, Heathrow, Lloyds Banking Group
(Sharecast News) - Andy Burnham has promised a series of measures to tackle the cost of living, including a ban on fake discounts and making it easier for people to escape unwanted subscriptions. The crackdown on "rip-off" business practices is expected to benefit consumers to the tune of £400m a year and will be the first in a range of "everyday fixes" to be implemented in the coming months. - Guardian
Friday newspaper round-up: Gas power stations, Apple, Raleigh
(Sharecast News) - Trains across parts of north-west England have ground to a halt after a power failure hit the signalling centre controlling the railway in the region. Passengers awaiting Northern and TransPennine trains have been advised not to travel, with widespread cancellations and other services delayed by more than an hour already. - Guardian
Thursday newspaper round-up: AI models, bank taxes, AstraZeneca
(Sharecast News) - Advanced artificial intelligence models have stunned the UK's AI Security Institute (AISI) by carrying out a hacking campaign against real people during a cybersecurity test. The institute said the incident was unprecedented and involved sending targeted emails to software developers in an attempt to pass a cyber challenge. - Guardian

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