Top Financial Stories: UK Tax Evasion, Starmer's Controversial Policies, and OCI Global Sale

The Financial Times covers major stories including UK small businesses evading taxes, the Bank of London's tax bill revelation, Keir Starmer's stance on unpopular government decisions, and OCI Global's successful asset disposal. HM Revenue & Customs highlights a lack in strategy for combating widespread tax evasion.

According to Financial Times, Britain's small businesses dodge £4.4 billion in taxes annually, a problem the HM Revenue & Customs is struggling to address due to a lack of strategy, as per the parliamentary spending watchdog.

The Bank of London's board was blindsided by an unpaid tax bill, resulting in HM Revenue & Customs filing a petition to wind up the holding company.

British Prime Minister Keir Starmer defended his decision to cut winter fuel payments for 10 million pensioners despite its unpopularity, ahead of a crucial vote. In other news, OCI Global netted $11.6 billion from asset disposals amid its break-up plan.

(With inputs from agencies.)