Tuesday newspaper round-up: Business bureaucracy, gambling watchdog, Apple shares
By Michele Maatouk
Date: Tuesday 21 Oct 2025
(Sharecast News) - The chancellor, Rachel Reeves, is poised to launch a renewed "blitz on business bureaucracy" ahead of next month's budget to target savings for companies worth £6bn. With Labour under pressure to reboot the economy, Reeves is expected to tell business leaders in Birmingham for the government's first regional investment summit that she plans to "cut pointless admin". - Guardian
Four million people in England and Wales are in households trapped in a negative budget, meaning that they spend more on essentials than they earn, Citizens Advice has warned. At a time when bills for food, energy and housing are all increasing, the debt charity said that on top of the millions who are stuck in the red a further 580,000 were at risk of falling into crisis, with just £50 left at the end of the month. - Guardian
Britain's gambling watchdog has been accused of giving Czech billionaire Karel Komárek "significant assistance" in his successful bid to run the National Lottery. Lawyers for Richard Desmond, who is suing the Gambling Commission for as much as £1.3bn over alleged mistakes in the competition to award the licence, claimed the regulator told Mr Komárek's Allwyn group that its proposed 10pc fee for running the lottery was too high. - Telegraph
Shares in Apple hit new all-time highs, taking its value to nearly $4 trillion, after a rise in sales of the iPhone 17. The phone-maker's share price jumped by as much as 6.4 per cent on Monday to a record $264.22 in intra-day trading in New York before closing up 4 per cent at $262.24, surpassing the previous records set in December. - The Times
Unsuspecting investors poured tens of millions of pounds into an alleged "Ponzi" scheme despite the City regulator privately reporting its "concerns" to police eight months earlier. The Financial Conduct Authority (FCA) privately shared "concerns" about 79th Group with criminal investigators, several months before its collapse in April this year, allowing it to draw in tens of millions of pounds more from investors. No public warning was issued by the FCA. - The Times
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