Monday 12 May 2025
The Mighty Headlines
Economics: UK Chancellor to review ISAs
Business: Greater Anglia train service to be nationalised
Markets: Monzo in early talks for IPO
Foreign Affairs: Arrest of Colombia’s legislative presidents
Security and intelligence: Zelensky and Putin to meet for talks
Domestic politics: UK Government ends hiring of foreign care workers
The Mighty Stats
FTSE = 8,554.80 (up 0.27%)
S&P 500 = 5,659.91 (down 0.071%)
Nasdaq = 17,928.92 (up 0.0043%)
CAC40 = 7,743.75 (up 0.64%)
£1 = $1.33 / €1.18
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The Mighty Detail
Economics: The UK Chancellor is set to launch a review of ISAs (Individual Savings Accounts). HM Treasury could be seeking to get more people investing in a shares ISA rather than keeping their money in a cash ISA. ISAs are exempt from income tax and capital gains tax and have an annual investment limit of £20,000.
Business: Greater Anglia, which runs trains to the east of England, will be nationalised in October. The Government says that bringing the UK’s private rail services into public ownership could save £150 million. Greater Anglia has 190 trains carrying around 82 million passengers a year.
Markets: It is being reported that Monzo is in talks to secure an IPO in London or New York. The digital bank is said to be in discussions with investment bankers at Morgan Stanley to formally begin work on a £6 billion stock market listing. Monzo, which was founded in 2015, has 11 million customers and has around 4,000 employees.
Foreign Affairs: Colombia’s Supreme Court has ordered the arrests of the former President of the Senate and the former President of the House of Representatives over allegations of corruption. Ivan Name and Andres Calle are accused of receiving around $1 million to secure the passage of legislation. Both deny the accusations.
Security and intelligence: President Zelensky and President Putin are set to meet for peace talks in Turkey this week. It comes after European leaders on Saturday told Russia to agree to a 30-day ceasefire or face new sanctions. President Putin then invited Ukraine to take part in “serious negotiations”. The meeting is expected to take place on Thursday.
Domestic politics: The UK Home Secretary said yesterday that the recruitment of care workers from overseas is to end. Immigration rules are expected to change this year, requiring care firms to either hire British care workers or extend the visas of those already in the UK.
The Mighty Calendar
What’s happening today?
Singapore public holiday (Vesak Day)
UK Government expected to publish Immigration White Paper
Joint Committee on National Security Strategy takes evidence on threat to undersea cables
Work and Pensions Questions in UK Parliament
Company results from: Fox
Lookahead to tomorrow
President Trump expected to start Middle East trip
Foreign Office Questions in UK Parliament
Cannes Film Festival begins
UK earnings data (March)
UK unemployment rate (March)
US CPI inflation data (April)
Company results from: Honda, Nissan, Jaguar Land Rover, Bayer, SoftBank
The Mighty Finale
🌤️Weather today
Light rain in the southeast and southwest of England. Sunny elsewhere. High of 23C and low of 12C in London. Rain in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“Never confuse a single defeat with a final defeat.” – F. Scott Fitzgerald, writer
Mighty takeaway: Don’t give up too early.
That’s it for this Monday morning. Thanks for reading and we hope you have a good start to the week.
Bye!
The Mighty Memo team