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Rachel Reeves, the chancellor, will this week hold further talks with bank bosses amid industry anxiety that she will raise the tax burden on it at this month’s budget.

Sky News has learnt that Ms Reeves will meet the chief executives of Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander UK on Wednesday.

It will be the latest in a series of discussions she has held with the sector since being named chancellor in the wake of Labour’s election victory in July.

Coming five days before the International Investment Summit and a fortnight before Ms Reeves’s inaugural budget, the meeting will give bank bosses an opportunity to press their case for further investment in the economy and to challenge policies that they believe could jeopardise the government’s growth agenda.

Government insiders said they now anticipated that an investment minister would be appointed ahead of next Monday’s summit in London, which will be attended by prominent global financiers including the BlackRock chief Larry Fink and Bruce Flatt, CEO of Brookfield.

Three of the banks attending the talks with the chancellor – Barclays, HSBC and Lloyds – have also agreed to pay £175,000 to sponsor the summit.

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The absence of an investment minister at Labour‘s flagship event to promote Britain as a business destination had threatened to embarrass the government more than three months after its resounding election win.

One Downing Street source said they were “90% certain” that the appointment of a businessperson and awarding of a peerage would be announced before the weekend.

A Treasury spokesperson said: “Financial services are at the heart of the national growth mission and the chancellor regularly meets with industry stakeholders.”

None of the banks would comment.

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Man banned from every Boots store

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Man banned from every Boots store

A shoplifter has been jailed and banned from every Boots store after stealing £107,000 worth of goods from the high street chain.

Liam Hutchinson, 32, of no fixed address, was sentenced to a year in prison at Westminster Magistrates’ Court on Wednesday.

He was also issued with a criminal behaviour order, banning him from every Boots store in the UK for 10 years – and the London borough of Kensington and Chelsea for five years.

Metropolitan Police detectives trawled through hours of CCTV footage to find that Hutchinson had committed 99 shoplifting offences at Boots stores in the borough between May and August 2025.

Hutchinson stealing from shelves in Boots on CCTV. Pic: Met Police
Image:
Hutchinson stealing from shelves in Boots on CCTV. Pic: Met Police

Often stealing large quantities of razors and electrical items, his crimes cost the retailer £107,000 in revenue, Sergeant Jack Vine, of the Met’s volume crime team said.

“We recognised the impact Hutchinson’s actions were having on the retailer, and through working with staff, we built a strong case of evidence against him, which has been reflected in his sentencing,” he added.

“This result should act as a warning that this type of behaviour will not be tolerated, and that we will come down hard on those who show a complete disregard for the law, terrorise retail workers and cost businesses thousands of pounds.”

Liam Hutchinson being caught by officers in bodycam footage. Pic: Met Police
Image:
Liam Hutchinson being caught by officers in bodycam footage. Pic: Met Police

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Nicky Harrop, head of security, fraud, and contract management at Boots, said the company have been investing “significantly” in anti-theft measures to make sure stores “remain a safe and respectful environment” for customers and staff.

The Met says it is prioritising shoplifting, having solved 163% more cases in London compared to the same time last year.

It is also dedicating up to 80 additional officers across London’s West End, with 90 more in high-risk theft areas.

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Sky News coverage to be featured on MSNBC as part of commercial agreement

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Sky News coverage to be featured on MSNBC as part of commercial agreement

Sky News has reached a multi-year deal with one of the most influential US news networks, which will see it pay for use of its cross-platform coverage. 

The channel’s live broadcasts, TV packages and online journalism are to be used by MSNBC as part of a commercial agreement, the details of which were not disclosed.

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All Sky News’ British and foreign TV coverage is included in the agreement, which will begin on 1 October, further bringing the reporting to a US audience.

MSNBC will have no role in the commissioning of Sky coverage, and no MSNBC programming will be taken by Sky News, as part of the arrangement.

MSNBC is building up its operations ahead of its planned spin-off from NBC News and parent company Comcast.

The new, separated entity will be named Versant and be a public company with shares traded on a stock exchange.

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Comcast is also the parent company of Sky News. Sky’s relationship with its sister news organisation NBC will be unaffected by the deal.

More than 500 journalists work for Sky News from 11 bureaus, including Moscow, Beijing, Jerusalem, and Johannesburg.

MSNBC is a major cable news network, watched by an average of 1.2 million viewers a day, so far this year, with its average viewer watching for more than eight hours a week.

Its YouTube and TikTok channels have more than 6.2 billion views combined so far this year.

“In this moment of consequential and historic news events happening around the world that are rapidly reshaping our collective future, we are honoured to bring Sky News’ premium, on-the-ground reporting and roster of top journalists to the MSNBC community,” said MSNBC president Rebecca Kutler.

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Man arrested in connection with airports cyber attack

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Man arrested in connection with airports cyber attack

A man has been arrested in the UK by the National Crime Agency (NCA) as part of an investigation into a cyber incident which caused chaos at European airports.

Flights were cancelled at Brussels Airport, and several more were delayed at Heathrow, Berlin, and Dublin, among others, leaving passengers stranded.

The incident, which was reported on 19 September, hit the systems of Collins Aerospace, which operates check-in and boarding systems.

Passengers reported being unable to check in online, queuing for hours, and their flights eventually not taking off.

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NCA officers, supported by the South East Regional Organised Crime Unit, arrested a man in his 40s in West Sussex on Tuesday evening on suspicion of Computer Misuse Act offences. He has been released on conditional bail.

Collins Aerospace, whose network was affected, runs systems for several airlines at multiple airports across the world. Pic: PA
Image:
Collins Aerospace, whose network was affected, runs systems for several airlines at multiple airports across the world. Pic: PA

Deputy director Paul Foster, head of the NCA’s National Cyber Crime Unit, said: “Although this arrest is a positive step, the investigation into this incident is in its early stages and remains ongoing.

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“Cybercrime is a persistent global threat that continues to cause significant disruption to the UK.

“Alongside our partners here and overseas, the NCA is committed to reducing that threat in order to protect the British public.”

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